What this means for current DRI i.e. Due to Hilton also adjusting the Hilton points charts proportionally that determine how many points it takes to make reservations at each resort, the amount of vacation time for each ownership will stay exactly the same. We knew for a while that Hyatt was looking to acquire a hotel brand in order to grow in Europe. Youll find all the comforts of home while enjoying the resorts amenities, including an outdoor pool and hot tub, childrens pool and fitness center. Any ideas from anyone on how to let this timeshare go? I am paying roughly $1,894.12 per year for maintenance. When you stay at Flamingo Beach Resort, you will have all of this, and more. But I do recall her saying we would still have access too all of our DRI resorts, as we have in the past. Once we pay off the loan can we sell it back. This seems like a quick fix for Hyatt Marketing to squawk about. Well just before year end an offer came in and it was very low. I would join the class action lawsuit. We don't travel as much and our financial situation has changed. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). The deal will quintuple the number of Hyatt-owned resort properties in Mexico from nine to 46, and greatly expand the companys footprint in the Caribbean from five properties to 27. All they want is money. When the transition is complete, HGV's management team, headed by CEO Mark Wang, will run the combined company. There has to be something we can do legally. Leisure travel appeals to all income levels, so if you want to get big in leisure travel, it cant be all 100% super luxury. Beautiful white sand, sparkling blue waters, sunny skies where else can you find all of this but in Saint Martin/Saint Maarten in the Caribbean? Benefits the Business traveler? I spoke to my buddy tonight and he owns a Wyndham timeshare. Even after upgrading less than a year ago. HGVC and Diamond owners alike should push back hard on this. Tell them what you think!!!!! Hyatt is doubling its global resorts footprint through the addition of ALG's AMR Collection brand portfolio, which comprises approximately 100 hotels and resorts operating in 10 countries, as well as a pipeline of 24 executed deals in the Americas and Europe. I told them no as well and asked if I was going to be the trouble child by not paying an additional $16K and joining the HGV program and how would I access trades without the HGV program (you don't do the upgrade, you don't get HGV). Ive barely looked it over but am already excited about the top level eco brand available on Isles Mujares near Cancun and nice looking property near Tulum. Really opened my eyes into this segment of resorts (aside from The Excellence, Just got back from an unlimited luxury stay at Secrets Maroma (seemed like a good burn of sapphire points, last-min getaway). ALGs portfolio of luxury brands, leadership in the all-inclusive segment and large pipeline of new resorts will extend our reach in existing and new markets, including in Europe, and further accelerate our industry-leading net rooms growth. We left without signing anything and Im very confused on what to do next.. I've been waiting to hear something about opting in. What is this transition going to mean for me in regards to my annual maintenance taxes and banked weeks. We are also DRI silver status members for over 10 yrs. How are timeshare brands dealing with the pandemic? They are one of the best sources of luxury resort packages. How is going to effect me? A friend recently stayed there and by her Snapchats and Instagram stories, it looked extremely upscale. Hyatt Completes Acquisition of Apple Leisure Group, Creating Global The . Hilton Grand Vacations To Acquire Diamond Resorts - Quick Facts So when January was coming close I decided to lower the $$ amount we would do. The 50 most popular World of Hyatt redemptions, Do Not Sell or Share My Personal Information. I would hope Hilton is large enough they are not trying to do this to previous owners. Marriott International is adding 19 Blue Diamond Resorts - Travel Weekly Is there no one to stop these people? We attended the presentation by HGV last night in Chandler AZ to learn how the acquisition would affect our interests - we expected a diminuation of our points but no way did we expect Hilton to expect us to pay $60,000 to bring us into the Hilton family - for our timeshare we have owned for nearly 30 years!!! For a full view HGV's position on the acquisition, see this presentation made for investors. Makes Hyatt feel less desirable to me. Lasting vacation memories. This merger doesn't sound like it was in any owner's favor even the Hilton owners. Brand dilution. The lower level properties will also be great for attracting younger families into Hyatt. Miles of pristine beaches, tiny island keys and underwater reefs surround the boundaries of this southeastern peninsula providing the quintessential vacation destination where an inland oasis offers high energy adventure with endless amusement parks, entertainment and shopping extravaganzas.A stones throw away from the clear blue waters of the Atlantic, Ocean Beach Club offers a quiet, relaxing atmosphere to come back to at the end of the day. I don't care for all-inclusive properties, so I won't be interested in most of these properties. Bottom line. ALGs portfolio includes over 33,000 rooms operating in 10 countries. The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. So I just found out that the former Diamond Resorts are not available to Hilton Grand Vacation Club owners. document.getElementById( "ak_js" ).setAttribute( "value", ( new Date() ).getTime() ); I am disappointed because the UVC I joined many years ago gave my husband and I affordable travel-not so much anymore as many of the hotels I visited have not stayed in the group and HYatt is so high end that we cannot afford to visit as often as we like. Am I missing something here? All of this is very strange and seems not quite legal - Hilton buys all of Diamond unsold properties and we as owners no longer have access to them unless we buy in plus pay our annual maintenance fees? Adding this with my initial investment this is crazy. One of Diamond Resorts flagship properties, Mystic Dunes Resort features an on-site golf course and restaurant. Full disclosure: the author of this Ask RedWeek is a longtime owner at Diamond Resorts. I called it a breach of contract. Hyatt Buys Apple Leisure Group, 100+ Hotels - One Mile at a Time And, he added, Id like to reiterate that this announcement will have no impact on how we do business with you. Mar 10, 2021 8:01AM EST (RTTNews) - Hilton Grand Vacations Inc. (HGV) has entered into an agreement to acquire Diamond Resorts International, Inc. in a stock-based deal with an equity value of. I have paid enough to this timeshare crap. In particular, Hyatt will gain 40 properties in Spain and three in Greece. Having first entered the fast-growing luxury all-inclusive space in 2013, we are ideally positioned to capture the significant and rising demand for leisure travel and extend the world-class hospitality we provide to a wide range of new travelers., The hotel group said, Hyatt now offers one of the largest collections of luxury all-inclusive resorts in the world, including new destinations for Hyatt such as Acapulco, Curaao, the Canary Islands, Menorca and St. Martin., Related: The 50 most popular World of Hyatt redemptions. Hyatt has been a travel agent friendly brand and now they just bought access to all those travel agents selling leisure travel through ALG. I'm not overly excited about this news but there are probably some interesting hotels hidden in the portfolio in Spain that might come in useful. Hyatt Hotels has completed its acquisition of Apple Leisure Group, adding roughly 100 hotels and resorts to the Hyatt portfolio, including popular all-inclusive properties from brands like Secrets Resorts and Spas and Dreams Resorts and Spas. It'll all become second nature when you make your second home among our collection of family-friendly Hawaii timeshare resorts located along the golden sands of Waikiki Beach, majestic mountain valleys of . These are not the Royalton properties under the Marriott umbrella. ALG also has over a dozen subsidiaries, including Apple Vacations, CheapCaribbean.com, Southwest Vacations, United Vacations, Unlimited Vacation Club, and more. No thanks, as Im a 100% leisure traveler. The so called plus for option 3 was, if we called into a special diamond department during a specified window of time and booked 20K of our 30K points at a non-diamond resort, then diamond would apply a credit of $6500 towards our maintenance fees. Then I read somewhere that Hilton wont accept sales made through the timeshare companies and that sales had to go through Hilton resale department. Settle in for a quiet escape, splash in the surf with the kids or rediscover the child in you on a Sunshine State adventure. Having the additional booking methods and travel agent access, as TrvlGuru pointed out, probably sold this deal, but these resorts are the icing on the cake here for WoH members. A few days later they called again and you automatically go on hold was waiting over 45 minutes and when the person answered they hung up immediately. Best wishes to all going through this buyout! I had truly hoped that Hilton would prove to be a more ethical corporation than we experienced with Diamond but unfortunately weve found that the greed just changed names! Now if they just buy Motel1 in Europe (another one Ben will pan) and rebrand it to Canopy they will be set. We appreciate your continuing updates to keep us informed. We'll run a soft credit check to find special offers, but it wont affect your credit score. For others, its probably quite a bit less exciting. We told them we'd think about it, and they said the offer was only good for today. The first three are huge to me as they are a great portfolio of adult-only/targeted all-inclusives that are way outside of what most people would consider all-inclusive. Secrets is NOT couples only, its just a focus. Well the irony for me in this announcement, and the subsequent OMAAT article, its unreal. Maybe they see the Covid writing on the wall for cruise lines and know that all-inclusive vacations will appeal to that customer. I agree with your sentiments, very little to appeal to me. Increase in Brand value and footprint, yes! Leisure travel has recovered more quickly than business travel. Then fractional ownership of condo for example would have to divide say $300 a month for the HOA and here guessing $300 a month on utilities this is $600 a month and $7200 a year. Warning: Your web browser is out of date. What a joke! They lost a discrimination suit in 2004 and were forced to accept gay and lesbian couples as guests. Try calling any of the other numbers and getting a number for that departmentit is non-existent and no one will give it to you or if they do it's an invalid number. One, Some shocking numbers have been recently shared by the U.S. Travel Associations Project Time Off, in the 2017 report titled The State of the American Vacation. ALG is continuing to operatevery similarly to the way it did before the combination. You can now earn and redeem Hyatt points at select AMR Collection all I have been trying to call people and fill out forms to have people call me for more information. Currently, the two clubs are separate in the sense that owners can not book a reservation at the other clubs resorts using the points they currently own. SOLD OUT. Why the negativity about this acquisition? I've been to Dreams for a friends wedding. I am interested in knowing if anyone is, actually, working on a class action suit that you have mentioned? My thought is I am going to just sit tight and see what else they offer - this honestly can't be it. For Diamond owners, that should be an upgrade, according to the industry experts who talked to us about Hilton's buyout of Diamond. At which point, we backed out of the deal. LEARN MORE. They tell me I must decide by December 6th but cannot reach a dang soul. Florida Timeshare Vacation Resorts | Hilton Grand Vacations In addition, theacquisitionwill also bring Hyatts brand into 11 new European markets. 1 | 2. This will greatly expand Hyatts footprint in the all-inclusive resort market, especially in the Caribbean, Mexico, and Europe. This is $138.46 per week and points start balancing out to a week. We accepted the offer. The AMR Collection checks that box, specializing in unlimited luxury all-inclusive experiences like gourmet a la carte dining and many amenities and perks usually not associated with all-inclusive resorts. For an explanation of our Advertising Policy, visit. They are far more knowledgeable than armchair commenters and travel bloggers who believe they know better how to run a Hotel group. RedWeek, Inc. is a Registered Seller of Travel in the following states: Oct 22, 2021 (edited), Apr 05, 2022 (edited), Jun 11, 2022 (edited), Jun 15, 2022 (edited), Dec 05, 2022 (edited), Jan 05, 2023 (edited), Jan 18, 2023 (edited), Feb 19, 2023 (edited). According to Hyatt, the deal, on which Goldman Sachs served as . Is it even worth paying for it or letting it go, the maintenance fees is no joke. TPG previously reached out to Hyatt for details on the integration with World of Hyatt. -Zoetry: luxury that kids can stay at but targeted to adults-only I was told when we did a small point package for HGVMax there would not be fees to transfer our points to Hilton Honors or to roll our points over from Diamondnow I am told there are cost for everything now. At adults-only Secrets Resorts and family-friendly Dreams Resorts, rooms average $300 and $225 a night, respectively. Now I'm selling my HGVC property. Hyatt Hotels has completed its previously announced deal to acquire leading luxury resort-management services, travel, and hospitality group Apple Leisure Group (ALG), which will notably enable the hotel company to double its global resorts footprint through the addition of ALGs AMR Collection brand portfolio, comprising approximately 100 hotels and resorts operating in 10 countries. @ Christian -- Did they, that's interesting, as I don't think I've heard that before? Hyatt Hotels Corporation - Hyatt to Acquire Apple Leisure Group Apple Leisure Groups portfolio has exploded from nine resorts in 2007 to approximately 100 properties by the end of 2021, and there is an additional pipeline of 24 executed deals with a large number of additional hotels in development. Think of it this way, before yesterday Hyatt had 100 less properties than they do today. It is based on a 100,000 dollar a year income. The comments on this page have not been provided, reviewed, approved or otherwise endorsed by any advertiser, and it is not an advertiser's responsibility to ensure posts and/or questions are answered. Whopping changes are ahead for members of both clubs, but none will surface until after the deal is closed, and approved by regulators, this summer. Supposedly HGV Max is to launch today (10/5/22). Pritzkers lose interest and Hyatt will be gone (acquired) - regardless of any acquisitions. Pretty sure this isn't the last purchase Hyatt ever makes. A cheap Cruise Ship on the ground. Stay connected with the latest travel, aviation, and credit card news. I was forced to go to Las Vegas (or else I would have to pay for the room which is 1000 dollars. We would like to sell all of this within the next two years but where and how?
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