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I just spoke with Starwood. You cannot convert StarOptions to StarPoints when you buy a resale. There is no fee to convert StarOptions other than the $99.00 yearly membership fee. You pay this membership fee even if you own a resale. The conversion rate is different for each resort. Mandatory or voluntary property, where you own, what type of unit you own, what season you own. Example: I own a two bedroom lockoff at Sheraton Vistina Villages, a mandatory property, during low season (resale), 81,000 staroptions. If I were able to convert, for the smaller unit 37,000 staroptions=15,000 starpoints; for the larger unit 44,000 staroptions=18,000 starpoints. Less than half and the nicer category 4 hotels require 10,000 starpoints for one free night. Hope this helps.