Westin Princeville Ocean Resort Villas

Letter to the Board to covert Westin Princeville to mandatory

Dec 11, 2013

Dear Board of Directors,

As you are aware, our property has been classified as nonmandatory, which removes the option for a seller of their units to be able to also have points for the exchange transfer for a future owner to have the same privileges as the original owners.Westin Ka'anapali does have a mandatory designation. This restriction for the Princeville makes our units far less marketable and in fact impacts the resale pricing of our units.

As a Board of Directors, of course you have a fiduciary obligation to maximize the value of our units. Reclassifying the Westin a Princeville to mandatory status will enhance the value of our units. It is no secret that owning units in a timeshare, especially even units as gorgeous as the Westin Princeville, has been for lack of a better portrayal a financial disaster. There is fundamentally no resale market, and the Association at this time is refusing to accept unit surrenders, which restricts current owners from even getting a tax loss without undergoing an encumbering financially penalizing foreclosure process, which can damage an owner's credit rating.

I am thereby requesting this motion for shareholder approval to reclassify the Westin Princeville as a mandatory designation to enhance the resale value of our units, and thereby provide an outlet for current owners to sell their units in the resale market.

Please keep me informed of the status of this motion.

Very best regards,

Hoyt Connell

Westin Princeville owner of multiple units

301-509-3447 Hoytc55@gmail.com


Hoyt C.
May 12, 2018

I agree completely with your request. I was about to purchase a Westin Princeville resale timeshre and when I found out it did not come with staroptions I changed my mind, as I'd like the security and ability to exchange within the SPN


Amy S.

Note: Please do not post ads in the timeshare forums. If you want to add a timeshare posting, go here.