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Please post Starwood ROFR transactions here (ONLY)

Discussion in 'Vistana Signature Experiences (formerly Starwood)' started by DeniseM, Aug 5, 2013.

  1. CalGalTraveler

    CalGalTraveler TUG Member

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    @JIMinNC good point because resale prices sound too good to be true.

    Their loss is Tugger's gain!
     
    taterhed likes this.
  2. TravelTime

    TravelTime TUG Member

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    If people did not buy directly from the developers, there would be no resale market. However, sometimes it makes sense to buy from the developer (i.e. MVC hybrid packages that convert to DC points, Disney points when the delta is not very different) so I won’t completely knock it.
     
  3. taterhed

    taterhed TUG Member

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    We considered the MVC Hybrid; ran the numbers over and over.

    In the end, it was the MF's that killed the deal.
    Thanks for all the inputs so far.........
     
  4. DavidnRobin

    DavidnRobin TUG Member

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    Knowing this is an VSE ROFR thread... I would guesstimate the OFD ROFR is $28-30K without anymore knowledge than paying attention to the VSE forum. Syed is a good one to acquire about the RORF, but keep in mind that he is representing sellers for specific VOIs.
    Note : I bought our OFD from Syed.

    On the other discussion - one should buy resale 1st if ever planning to purchase from VSE (regardless of justification) IMO


    Sent from my iPhone using Tapatalk
     
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  5. Anne&Jim

    Anne&Jim TUG Member

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    Cliff Club at Snowbird (annual)
    The Ridge at Tahoe (annual)
    We just passed ROFR at WKORVN OF including 2018 MF for $20K. We used Syed as our broker and are very excited!


    Sent from my iPad using Tapatalk
     
    kobidobi and mauitraveler like this.
  6. taterhed

    taterhed TUG Member

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    Great buy!
     
  7. taterhed

    taterhed TUG Member

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    If mine fails....I'll give this a shot!
    Is that 176 on the SO's?
     
  8. PamMo

    PamMo Tug Review Crew: Rookie TUG Member

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    Yes, Rob. All the 2BR OF units at WKORV and WKORVN are now worth 176,700 StarOptions.
     
  9. taterhed

    taterhed TUG Member

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    Thanks. I thought so.
    Really good deal there I think.
     
  10. Anne&Jim

    Anne&Jim TUG Member

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    Cliff Club at Snowbird (annual)
    The Ridge at Tahoe (annual)
    I forgot to mention it included the closing costs as well — we thought including everything in one number would make it more likely to pass ROFR.


    Sent from my iPad using Tapatalk
     
  11. taterhed

    taterhed TUG Member

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    Mind if I ask? actual contract price? WKORVN Ocean Front 2br annual, correct?
     
  12. Anne&Jim

    Anne&Jim TUG Member

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    Westin Kaanapali Villas North OF (annual)
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    Westin Mission Hills (annual)
    Cliff Club at Snowbird (annual)
    The Ridge at Tahoe (annual)
    $18,950 plus $1050 in closing costs


    Sent from my iPhone using Tapatalk
     
    taterhed likes this.
  13. Anne&Jim

    Anne&Jim TUG Member

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    Westin Mission Hills (annual)
    Cliff Club at Snowbird (annual)
    The Ridge at Tahoe (annual)
    Yes, WKORV/N 2 BR Ocean Front


    Sent from my iPhone using Tapatalk
     
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  14. taterhed

    taterhed TUG Member

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    Thanks very much for the Intel. I luv Tug.

    Sent from my KFDOWI using Tapatalk
     
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  15. Theodore Borromeo

    Theodore Borromeo Guest

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    WKORV 2bd OFD CORNER unit weeks 1-50.
    Vistana waived its ROFR at $20k excluding closing costs.
     
    taterhed likes this.
  16. PamMo

    PamMo Tug Review Crew: Rookie TUG Member

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    :eek: Wow!!!:eek: Thanks for posting, guys. These are unbelievably good prices! I'd love to get a WKORV OFC at these prices!
     
  17. jordathyspg

    jordathyspg Guest

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    Wow I thought those OFD were getting RODR’d at much higher than $20k. Great deal!
     
  18. taterhed

    taterhed TUG Member

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    Knock on wood....my OFD just passed ROFR at a similar price. Waiting for the contract to close and I'll post the results.
    Don't want to Jinx it. Wouldn't count on any OFC's passing at these prices, but if you see one....snatch it up quick!

    Notice the WKORVN above at ridiculous low price as well. Also, an Ebay listing just closed at 14k for WKORVN OF. Wonder if that'll get passed too!
     
    CalGalTraveler and jordathyspg like this.
  19. Robotpedlr

    Robotpedlr TUG Member

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    Are these $18-20k Ocean Front units at the WESTIN KĀ‘ANAPALI OCEAN RESORT VILLAS NORTH, Annual or EOY options?
     
  20. CalGalTraveler

    CalGalTraveler TUG Member

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    Congrats @Anne&Jim. That's an incredible deal for a annual OF.

    My tea leaves read that ROFR is low now because this is pre-merger and Vistana trying to boost profitability and reduce inventory for the sale. They already have a lot of inventory with Nanea etc. and don't want to add more until after the merger.

    Recent MVC ROFR threads indicate that Marriott has an ROFR war chest and has been activity buying back properties. Bottom line: low ROFRs may not last.
     
    Last edited: Aug 20, 2018
    Anne&Jim and grab like this.
  21. CalGalTraveler

    CalGalTraveler TUG Member

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    I believe that is an "OV" not "OF" correct?

    I am seeing quite a few Westin Kaanapali Ebay listings lately by "Timesharefriend." Is this a reputable seller?
     
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  22. taterhed

    taterhed TUG Member

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    That seller is "Time-to-share Realty" Melissa and Mel.

    I purchased my WKORV OFD from them as did another Tugger (look at the ROFR page).
    My experience with Melissa was nothing short of Exceptional.

    Again, a fantastic seller. My highest rating.

    Yes, it was an OV, not OF. Good price (best offer) but not that amazing. I hope to hear if it passes....I'll give feedback if Mel will tell me.....
     
  23. Theodore Borromeo

    Theodore Borromeo Guest

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    Mine was annual
     
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  24. Theodore Borromeo

    Theodore Borromeo Guest

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    Sorry, not north, but south
     
  25. taterhed

    taterhed TUG Member

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    My purchase (now complete) was for:
    Westin Kaanapali, SOUTH, Annual, Ocean Front Deluxe.

    So, WKORV, Annual, OFD. $21k.

    Yup, a steal.
    I suspect the two sales may have been 'related' as in an ownership that had two weeks....
    I can't confirm this.

    Maiden and married names on the deed...if you know what I mean.

    Good luck finding another....just remember: if you don't bid/offer, you can't win.
     

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