TUG MEMBERS: Joining TUG does not automatically register you as a user of the TUG Bulletin Board. You must register yourself.


*ads are disabled when logged in as a member*
  1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.
  2. The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 25 years!

    Join tens of thousands of other owners just like you here to get any and all Timeshare questions answered!
    Dismiss Notice
  3. TUG has now saved timeshare owners more than $13,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $13Million dollars
    Dismiss Notice
  4. Sign up to get the TUG Newsletter for free! Join tens of thousands of other owners who get this every week! Latest resort reviews and the most important topics discussed by owners during the week!
    Dismiss Notice
  5. TUG is trying out a new program that will trade you a TUG membership for a Timeshare resort review if you are an expired member, or even just a guest here on the forums!

    Read more here
    Dismiss Notice
  6. Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    Read more Here
    Dismiss Notice
  7. Follow the TUG Member Banner as it travels the world on vacation with Timeshare owners! Also sign up to get the banner sent to you so you can submit a photo of your vacation with the banner to share with TUG! Banner Thread
    Dismiss Notice
  8. TUG has now joined Priceline.com as an affiliate!

    Members and guests who book air travel, rental cars and even Cruise Vacations thru TUG's priceline links will now support TUG in the process!

    Read more here
  9. A few of the most common links here on the forums for newbies and guests!
    Dismiss Notice

Vistana just exercised ROFR on WKORV-N annual IV 2 bedroom unit at

Discussion in 'Vistana Signature Experiences (formerly Starwood)' started by boisebruin, Jul 18, 2019.

  1. boisebruin

    boisebruin Guest

    Joined:
    Jan 4, 2011
    Messages:
    38
    Likes Received:
    11
    Trophy Points:
    68
    $11k.

    I know there's a separate thread for ROFR but I thought this was unusual and quite a high price for them. We are the sellers so their money is as good as others but does this signal a different approach for them? Inventory needed for the Flex program?
     
  2. taterhed

    taterhed TUG Member

    Joined:
    Sep 28, 2011
    Messages:
    4,450
    Likes Received:
    1,771
    Trophy Points:
    298
    Location:
    Virginia
    Resorts Owned:
    Westin WKORV OFD
    Marriott's Grande Vista
    Worldmark x2
    Sorry, that just seemed a little bit High not to pass, so where the maintenance fees current? End-of-year with approaching maintenance fees I think it would have probably passed

    Tater on my Note8 tapatalk
     
  3. boisebruin

    boisebruin Guest

    Joined:
    Jan 4, 2011
    Messages:
    38
    Likes Received:
    11
    Trophy Points:
    68
    Yes they were.
     
  4. SteelerGal

    SteelerGal TUG Member

    Joined:
    Mar 8, 2019
    Messages:
    652
    Likes Received:
    240
    Trophy Points:
    94
    Location:
    90740
    Resorts Owned:
    WDW, WKV, SDO, HPP, HH, Bay Club
    I wonder if Vistana is now trying to buy up properties to flex their Flex programs.
     
  5. CPNY

    CPNY TUG Member

    Joined:
    Jun 18, 2019
    Messages:
    1,276
    Likes Received:
    330
    Trophy Points:
    133
    Resorts Owned:
    Harborside Resort at Atlantis
    SVV - Key West
    SVV - Bella
    Or MVC is planning in rolling out a kickass program and they have to deal with mandatory resorts so they will take as many back as they can in the resorts that have ROFR. Who knows
     
  6. pchung6

    pchung6 TUG Member

    Joined:
    Mar 16, 2015
    Messages:
    507
    Likes Received:
    154
    Trophy Points:
    103
    Location:
    California
    This is the price seemed to be high not to pass. Maybe Vistana is trying to build up the Flex inventory and ready for the new announcement. It was just few months ago, I saw an WKORVN OV annual passed at 12.5k.
     
  7. dioxide45

    dioxide45 TUG Review Crew: Veteran TUG Member

    Joined:
    May 20, 2006
    Messages:
    27,810
    Likes Received:
    2,635
    Trophy Points:
    699
    Location:
    NE Florida
    Resorts Owned:
    Marriott's Grande Vista
    Marriott's Harbour Lake
    SVV - Bella
    SVV - Key West
    Only the two resorts on Hawaii are mandatory with ROFR. And they aren't even ideal weeks to buy for SO conversion.
     
  8. gratiem

    gratiem TUG Member

    Joined:
    Sep 18, 2015
    Messages:
    28
    Likes Received:
    6
    Trophy Points:
    63
    Location:
    Bay Area, California
    Resorts Owned:
    Hyatt Ka'anapali, Hyatt Highlands, Riviera Beach & Spa
    Thanks for sharing. That is an unexpected ROFR, but at least you got the sale. Appreciate sharing the information.
     
  9. CPNY

    CPNY TUG Member

    Joined:
    Jun 18, 2019
    Messages:
    1,276
    Likes Received:
    330
    Trophy Points:
    133
    Resorts Owned:
    Harborside Resort at Atlantis
    SVV - Key West
    SVV - Bella
    Nope def not good for star options, but it’s def a good sell for their flex program for them.
     
  10. echino

    echino TUG Member

    Joined:
    Dec 2, 2008
    Messages:
    613
    Likes Received:
    318
    Trophy Points:
    274
    Location:
    Vancouver
    Resorts Owned:
    Hyatt Piñon Pointe
    Hyatt Coconut Plantation
    Hyatt Windward Pointe
    Harborside at Atlantis
    Westin Ka'anapali
    Westin St. John
    Westin Lagunamar
    Marriott Canyon Villas
    Marriott St. Kitts
    Marriott Ko Olina
    WKORVN EOY OF just sold via Redweek for $8,200. Probably not going to pass ROFR, but who knows...
     
  11. DannyTS

    DannyTS TUG Member

    Joined:
    Mar 24, 2018
    Messages:
    2,056
    Likes Received:
    697
    Trophy Points:
    173
    Last edited: Jul 19, 2019
    SteelerGal likes this.
  12. CalGalTraveler

    CalGalTraveler TUG Member

    Joined:
    Dec 21, 2014
    Messages:
    3,848
    Likes Received:
    2,330
    Trophy Points:
    298
    Location:
    California
    duplicate [deleted by Author]
     
    Last edited: Jul 20, 2019
  13. JIMinNC

    JIMinNC TUG Member

    Joined:
    Jun 6, 2005
    Messages:
    3,374
    Likes Received:
    2,025
    Trophy Points:
    449
    Location:
    Marvin, NC (Charlotte suburb)
    Resorts Owned:
    Marriott:
    Maui Ocean Club
    Waiohai Beach Club
    Barony Beach Club
    Destination Club Trust
    HGVC:
    HGVC at Sea World
    Are they still selling deeded weeks there or are they just selling the Flex products? When Marriott created their trust and actually stopped selling US weeks, all ROFR acquisitions now go into the Trust. With the new ownership of Vistana, maybe the Vistana approach will mirror Marriott.
     
  14. vacationtime1

    vacationtime1 Tug Review Crew: Rookie TUG Member

    Joined:
    Sep 7, 2006
    Messages:
    3,454
    Likes Received:
    871
    Trophy Points:
    349
    Location:
    San Francisco
    Resorts Owned:
    MAW & MKW (Kauai)
    WKORV-OFC (Maui)
    WKV x4 (Scottsdale)
    [deleted by author]
     
    Last edited: Jul 19, 2019
  15. JIMinNC

    JIMinNC TUG Member

    Joined:
    Jun 6, 2005
    Messages:
    3,374
    Likes Received:
    2,025
    Trophy Points:
    449
    Location:
    Marvin, NC (Charlotte suburb)
    Resorts Owned:
    Marriott:
    Maui Ocean Club
    Waiohai Beach Club
    Barony Beach Club
    Destination Club Trust
    HGVC:
    HGVC at Sea World
    The OP said the unit ROFR'd was IV not OF
     
  16. controller1

    controller1 TUG Member

    Joined:
    Aug 14, 2017
    Messages:
    1,319
    Likes Received:
    655
    Trophy Points:
    173
    Location:
    Baton Rouge, LA
    Resorts Owned:
    Westin KORVN OF
    Westin Nanea OF
    Westin FLEX
    But it would perhaps not pass ROFR for a different reason. They are not placing OF in the Flex program.
     
  17. CalGalTraveler

    CalGalTraveler TUG Member

    Joined:
    Dec 21, 2014
    Messages:
    3,848
    Likes Received:
    2,330
    Trophy Points:
    298
    Location:
    California
    re: OF at $8,200. Okay deal but not a great deal if it passes ROFR (likely not unless they bundle the closing costs and MF). Here's why:

    This is an even EOY. If the buyer pays for maint fees for 2019 and there is no reservation for spring or summer in place, the buyer may have a wasted year if fall 2020 travel is not desired because this will close after the peak summer season rental window. Plus probably difficult to rent for fall low season. Can bank and trade SOs but will not be guaranteed OF. Reserving other resorts could be trading a Lexus for a Chevy MF cost-wise plus a banking fee will apply offsetting the usage benefit.

    E.g.

    $8,200 Asking price
    $2,750 MF (for wasted 2020 year)
    $1,200 Closing in HI
    $ 400 Title Insurance (?)
    --------
    $12,550 All In plus can't use peak season until 2022
     
    Last edited: Jul 20, 2019

Share This Page