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Westgate Right of First Refusal--have they ever exercised this right?

Discussion in 'Buying, Selling & Renting Timeshares' started by Rachelle Burk, May 15, 2019 at 9:43 PM.

  1. Rachelle Burk

    Rachelle Burk Guest

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    Resorts Owned:
    Westgate Smoky Mountain Resort in Gatlinburg, TN
    I want out of my Westgate Smoky Mountain property. We own a 2 BR every odd year. They have ROFR if I get a buyer. My question: Does anyone know if they ever actually buy it back this way? I'm sure they wouldn't if I had a buyer for $2K, but what if I got a buyer for $50 (and buyer pays the fees)? Not looking for speculations...I'd like to hear from anyone who actually knows. I asked Westgate, but of course they couldn't/wouldn't tell me a thing.
    Thank you!
     
  2. amycurl

    amycurl TUG Member

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    I doubt it. You will be giving this resort away, and possibly paying for closing costs and/or pre-paid MF for a year of free usage.
     
  3. tschwa2

    tschwa2 Tug Review Crew: Rookie TUG Member

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    A few in SC, VA and FL, a single resort in NC, MD, PA, NY, UT, ME, WI, and TN plus Jamaica and the Bahamas
    Westgate does on occasion exercise ROFR from what I have heard. For example a fixed ski week 7, 51 or 52 are likely candidates for ROFR.
    For floating weeks, I think you only need to worry if Westgate doesn't have inventory for that resort and season and has a specific buyer looking to purchase.
     
    Fredflintstone likes this.
  4. Rachelle Burk

    Rachelle Burk Guest

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    Resorts Owned:
    Westgate Smoky Mountain Resort in Gatlinburg, TN
    I have a FLEX WEEK, every odd year. I wonder if they'd exercise their ROFR if I sell it for $1.
     
  5. tschwa2

    tschwa2 Tug Review Crew: Rookie TUG Member

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    A few in SC, VA and FL, a single resort in NC, MD, PA, NY, UT, ME, WI, and TN plus Jamaica and the Bahamas
    I doubt they would.
     
  6. Fredflintstone

    Fredflintstone TUG Member

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    Personally, I think all they care about is a maintenance fee payor. So, I don’t think they would stand in your way as long as they see the new owner as legit and sending in the maintenance fee payments.


    Sent from my iPad using Tapatalk
     
  7. jon-Paul Jones

    jon-Paul Jones Guest

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    They have with me before, and it took away a $400 incentive check.
     

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