Sunterra Corporate Conversion Policy

[Spence Super Moderator Find all posts View Profile Close Spence]

All the way down from Andy Gennuso, Sr. Vice President of Sunterra Corp. & President of RMI, the current policy will remain which is as follows: $2995 to convert into Club or owner may purchase an additional 2,000 SunOptions thru Sunterra and the membership will be waived.

The price of the 2000 SunOptions may be between $6000 and $8000 dollars!

[Spence Super Moderator Find all posts View Profile Close Spence]

Converting the fixed week is confusing. If you go to Sunterra sales center where you would most probably be directed they will try to sell you 2000 more SunOptions for $7000 to convert. They will do it for a flat fee of $2995 but you've got to push the right person. Sunterra Corporate will also do it for the flat fee of $2995 but again, you've got to talk to the right person or they'll try to refer you to your local sales center. There has been some reported success in taking their $7000 deal and RESCINDING the next day, then you might get offered the bottom line price of $1295 to save the deal. $1295 is the price that was generally available several years ago without having to do the 'dance.'

OK, well that was converting a fixed week deed that you may have bought. Sunterra doesn't sell fixed week deeds anymore. They sell into a Trust called Club Sunterra Vacation Trust (CSV). We are starting to see more and more of these on the resale market both on eBay and from the Holiday Group. You do not get a deed, you become a member of the Trust that holds the deeds in a group of what is now 19 properties. My understanding is that when you buy these resale, you have access to those 19 properties but not the ~100 total properties of Club Sunterra without paying a $2995 to get the FULL Club Sunterra.

Trust properties come with various MF/pt, I'm not sure why, I've seen .08-.12. One of the 'selling' points of the Trust is that they supposedly have lower MFs/pt and insulate you from major assessments since you get taxed on a homogenized mix of the 19 resorts. When I recently went to an "owners update" and they realized that I owned all holiday deeded weeks, they knew they could not 'sell' me on converting to their Trust.

[Spence Super Moderator Find all posts View Profile Close Spence]

The most recent convertee that I've talked to converted near their home town when going to some sort of traveling Road Show. Guess what, they got 3000 points for their $7000 along with conversion of their property and the Club Select Option (Club Select is like RCI Points for Deposit (PFD) you can 'deposit' a non-Sunterra property and get SunOption credit, but supposedly you need 5000 developer points to qualify). This person then rescinded back to corporate and they were offered something like 1500 SunOptions, conversion, Club Select, for $4000. They took that deal after Sunterra agreed that they could convert another property within the year for free.

[CaliDave Super Moderator Find all posts View Profile Close CaliDave]

Spence,

If you buy a resale week that is already in the trust. I know you have access to the 19 resorts. Will you also be able to use your sunoptions in II or will you be restricted to those 19?

[Spence Super Moderator Find all posts View Profile Close Spence]

Spence, If you buy a resale week that is already in the trust. I know you have access to the 19 resorts. Will you also be able to use your sunoptions in II or will you be restricted to those 19?

I have no personal experience with this, but I have heard that you do pay a $149 fee with these TRUST accounts and have access to I.I.