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I have 4 options to purchase 100,000 starpoints at 1.9 cents a point. I was seriously considering
purchasing the points at this price, but now I wonder with the pending merger of Starwood and Marriot. The deadline for these options is December 15th, (3 weeks). What would you do?
Assuming you have the discretionary cash to do it and plans to use the points in the next year or so, I would do it. Starpoints are still very valuable and I don’t think most people expect the merger to complete soon.
[USER=1146]@pws[/USER] I see you’ve edited the price from 1.5cpp to 1.9cpp. Obviously this reduces the attractiveness of the deal. Still a nice offer but not as great as 1.5.
[QUOTE=”Gaurav, post: 9709, member: 79″][USER=1146]@pws[/USER] I see you’ve edited the price from 1.5cpp to 1.9cpp. Obviously this reduces the attractiveness of the deal. Still a nice offer but not as great as 1.5.[/QUOTE]
Yes. The 1.5 cent was a typo. You caught me!
Thanks for your response. It will be unlikely I would use all 400,000,points
in a year, or even two. If it all gets converted to the Marriott system but
still retains it’s value with Starwood, then the decision is easier. It has been my
experience that it is hard to put a monetary value on points since there are
other perks that may accompany a transaction, ie: room upgrades, etc.
I mean at the very worst, you can always transfer them to airlines at a 1:1.25 ratio right? You could also just exercise two or three options.
I’m curious, is this through the Starwood timeshare network?
Yes it is.