Hilton Grand Vacations Buys Diamond Resorts: How This Affects You If so please reach out to me as I too would like to seek legal justice in this matter. Welk Resorts will be sold to Marriott for $430M after 57 years of Has anyone sold their Polo towers? Hilton Vacation Club will be the new sub-brand for Diamond Resorts in the future, with Hilton Grand Vacations remaining as Hiltons top-tier timeshare product. For an explanation of our Advertising Policy, visit. So I decided rather than just giving our HGV property back for $0.00, I would try going through HGV resale. We also went to the presentation because nothing in the account said Hilton. Inclusive Collection | Celebrate Every Moment It is based on a 100,000 dollar a year income. Great for short trips with affordable pricing in great central locations. I would hope Hilton is large enough they are not trying to do this to previous owners. To get access to use Diamond properties, they want another $20K membership. Will Americans New York To Doha Route Survive? This answer was provided by RedWeek contributor, Jeff Weir. anybody got ANY IDEAS how to get out with no money involved? See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values. I guess people are ignoring the elephant in the room. They are pressuring us to buy as well and Im refusing. We'll run a soft credit check to find special offers, but it wont affect your credit score. ALGs portfolio includes over 33,000 rooms operating in 10 countries. Feel bad for friend who have wedding there and spent thousands but not getting what she pay for. Now the company has spent more than five times as much on Apple Leisure Group. Recently was told that Diamond properties would be refurbished by Hilton. HGV offered no information on what will happen to Diamond's executives. Is there no one to stop these people? It was more like $35K. At which point, we backed out of the deal. Bask Bank Review: My Go-To Savings Account. Most helpful comments ( as chosen by the OMAAT community ). Go look at the Zoetry in Isla Mujeres or the one in Riviera Maya and let me know if those are still "cheap" to you. Hyattexpects tofund more than 80% of the purchase with a combination of $1 billion of cash on hand and new debt financings, and the remainder with approximately $500 million from equity financing, according to a statement. Check here before booking an award fare. Test your swing on one of the many nearby golf courses, soak up the seemingly endless sunshine or discover what makes Scottsdale an iconic desert destination. 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 . The real question is, will Hyatt be entering this market as a player or will they remain in the hotel business and break up ALG to pieces. Maintenance should also be lowered because the community of properties are a smaller selection. All-inclusive resorts you can book with points - The Points Guy They sold the Diamond acquisition as something we would have access to last year. 1. To book stays at non-HGV resorts and Diamond inventory, HGV owners will need to go through an exchange company probably RCI or Interval International to secure a reservation. All sides denied it, but kept talking about it, because a Wyndham-Diamond merger sounded like a good fit of timeshare cultures. I am excited to see how all of this unfolds. Editorial disclaimer: Opinions expressed here are the authors alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. People are being really funny when accusing Ben of not understanding how expensive or exclusive this or that all-inclusive property is. 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.". Send tips to Clint.Henderson@thepointsguy.com. Adults-Only Resort in Conejos Bay | Secrets Huatulco Resort - Hyatt Supposedly HGV Max is to launch today (10/5/22). I dread the day that I have to make a reservation. The HGV Max program will fail. In the meantime, Diamond owners who have purchased Getaway or Sampler packages should pursue reservations through Diamond's existing reservations system. 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. Today marks the beginning of ALGs next chapter, in which we will continue to build on the strong loyalty and reputation we have established through our luxury travel brands and services, now as part of Hyatt. Well explain what is changing and what these changes mean for you. Today Hyatt Hotels Corporation announced that it is buying luxury resorts operator Apple Leisure Group (ALG) for $2.7 billion in cash. 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. All prices in U.S. dollars unless otherwise stated. We're very unhappy and want out. I am not this one. Thank you all for your comments. I'd go there in a heartbeat on points if I could. Why are diamond fees more than double that? All and all I eventually added it all up and the amount we had invested was astounding! Please view our advertising policy page for more information. In late 2021 and 2022, the bigger-than-ever Hilton Vacation Club will then include 154 resorts and 720,000 owners with a global footprint that offers travel to mid-level, upscale and luxury resorts. Hyatt to buy Apple Leisure Group (Secrets, Dreams, etc) So my total to walk away would be $18K. Hyatt Residence Club provides flexible access to global travel experiences through a diverse portfolio of boutique residential-style retreats. It's a world where, in times of economic crisis, the toughest survive. They tell me I must decide by December 6th but cannot reach a dang soul. Can you provide some industry guidance? How will Hilton buying Diamond affect owners of both clubs? My husband started having health problems and we were not able use the HGV! Now there are dozens. Over the years we upgraded to more points for $$s. Secrets Akumal Riviera Maya in Mexico. Then I read somewhere that Hilton wont accept sales made through the timeshare companies and that sales had to go through Hilton resale department. NOT WiTH HILTON! My husband and I owned HGV for more than 10 years. Then if this is the case $138.46 all the way to $1894.12 shows a huge issue. Diamond Owners need to get together. Your feedback is important in helping us keep our community safe. Short term, both companies will remain separate entities while their management teams figure out how to consolidate them into the world's #2 timeshare company, right behind #1 Wyndham Destinations and just ahead of #3 Marriott Vacations. I've been waiting to hear something about opting in. 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. Once we pay off the loan can we sell it back. I agree with your sentiments, very little to appeal to me. Hyatt is betting on luxury travel with $2.7 billion resorts deal Polo Towers/ The Club paid for & deeded owners is higher annual maintenance fees. See more about our ethics policies here. Improve earnings, maximize rewards and track progress toward dream trips. What is this transition going to mean for me in regards to my annual maintenance taxes and banked weeks. Secrets Mallorca Villamil Resort & Spa now joins the Hyatt portfolio, SUNSHINE STATE SEES STARS: The Michelin Guide comes to Florida, SHANGHAI DISNEY SUDDENLY SHUT OVER COVID CASE. They were nice, and told me they would try to sell it. Currently, Choice Hotel points can be used to book this very same properties, usually ranging between 40k and 60k hotel points. I have acquired a lung disease that prevents me from traveling, they do not care about debilitating health issues. How will Hilton buying Diamond affect owners of both clubs? Finest and Beloved are excellent (no pun intended) value and its a trip i like to make every year. The logic given was incomprehensible, as usual. 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. owning time share properties is very stressful. One of the most notable changes is that Hilton has adjusted ClubPoint values to be 160% higher than before. One of Diamond Resorts' flagship properties, Mystic Dunes Resort features an on-site golf course and restaurant. This acquisition will be very successful for them. Secrets is NOT couples only, its just a focus. I agree that this acquisition is not exciting to me. Opinions expressed here are the authors alone, and have not been reviewed, approved or otherwise endorsed by any of these entities. Theres nothing cheap about what they sell. I would join the class action lawsuit. I am interested in knowing if anyone is, actually, working on a class action suit that you have mentioned? The sales presentation was very misleading, and of course a hard sale, that we almost went with. Well I refused. @ Christian -- Did they, that's interesting, as I don't think I've heard that before? $249 Per Stay. So option 3 was the only viable option at the time for me. . I wish they would add more European regular hotels though. ALG has resorts listed in Article secrets, dreams, breathless and more with partners. They are far more knowledgeable than armchair commenters and travel bloggers who believe they know better how to run a Hotel group. Marriott Vacation Club to buy Vistana, Hyatt, Interval - RedWeek I am Diamond member since 2007 and last year even upgraded to a platinum membership status. Located mere minutes from many of Orlandos theme parks, Mystic Dunes Resort & Golf Club is a perfect family-friendly destination. Aren't all of the Ziva/Zilara properties owned/run by Playa Resorts? Not much. Hyatt adds that it is determining ways in which the World of Hyatt loyalty program and ALGs Unlimited Vacation Club can bring added value and unique loyalty benefits to their respective member bases when integrates the AMR Collection into World of Hyatt in 2022. It is hard to trust anyone now.. Like all of you, I was cohersted into signing the contract. Our passionate members who share a commitment to consistent, quality time away. 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). I have kids, I'm a globalist, and we love all-inclusives in the Caribbean, so this is an ideal acquisition for customers like me. These all-inclusives also compete directly with the cruise industry, which may take years to return to it's previous dominance, so I think it makes great financial sense for Hyatt to make this move. Had my owner's update in Feb 22. In August 2019, HGV announced it had hired an investment firm to review offers, which meant it was really up for sale. The high-end of the pricing of what I'm seeing in some destinations is a Planet Hollywood property that's all-inclusive. Once again they use scare tactics and carefully worded phrases in their attempts to have you pay again for access that we already purchased.