HowwillHiltonbuyingDiamondaffectownersofbothclubs. 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. Are resorts charging owners fees for COVID? 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. I bought into Diamond Resort and then the Hilton because the salesperson said we could sell it and or rent it out. When you learn the answers they change the questions and we are always in limbo. We were majorly scammed. 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. As a result, Hyatt now offers one of the largest collections of luxury all-inclusive resorts in the world, including new . 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. See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values. We travel to explore new places, eat delicious local foods and explore, all of these are generally harder with all-inclusive properties. Its a nightmare! Maybe they see the Covid writing on the wall for cruise lines and know that all-inclusive vacations will appeal to that customer. In the near future, I'm guessing that HGV will only drag us diamond owners thru the mud a few more times before it's all said and done!!! We expect Hyatt to reach 80% fee-based earnings by the end of 2024, said Hoplamazian. The Blue Diamond properties set to convert to the Autograph Collection portfolio include the Royalton Riviera Cancun Resort & Spa, Hideaway at Royalton Riviera Cancun , Planet Hollywood Beach. This is $138.46 per week and points start balancing out to a week. Maintenance should also be lowered because the community of properties are a smaller selection. As a Globalist and a father of a 2 year old working on making another one, this is very exciting news for me. and if we did not our $400+ month maintenance fees would increase to $1,000 in January. This is no way to transition the loyal Diamond members who have acted in good faith and had no say in the process. On March 10 of this year, Apollo agreed to sell Diamond to HGV for $1.4 billion in a non-cash, all-stock transaction that will give Apollo 28 percent of HGV's stock and membership on its board of directors. ALG has now been purchased for $2.7 billion in cash from KKR and KSL Capital Partners. This seems like a quick fix for Hyatt Marketing to squawk about. It is based on a 100,000 dollar a year income. Jeff is a California-based journalist who has covered California, Congress, and the White House. All the paperwork is under Diamond but she keep saying that we where Hilton. Is there no one to stop these people? Plus I asked if there will be reduced number of resorts for Diamond members then what was sold to us is no longer valid. Slow down. -Secrets: luxury adult-only romantic You will never be bored while you are staying here, unless of course you simply want to sit back and do nothing, which you are more than welcome to do. Let's band together you cannot operate as a company like this and defraud people. The maintenance once I am not happy with has means of renting out rooms to collect money and those can be used toward maintenance and utilities etc. We were told that, if we didnt upgrade to HGVC, wed be left with shrinking inventory and rising maintenance fees. Begin typing your search above and press return to search. Also strange how they said we missed the "pre-merger" option which was a cost of only $18,000 to move to the Hilton program. They just added about 100 properties that you'll be able to book with points. What is this transition going to mean for me in regards to my annual maintenance taxes and banked weeks. The acquisition of ALG fits well into Hyatts long-term strategy of flipping its business model to favor fee-based earnings. Love Hyatt, but had high hopes for a different acquisition. So when January was coming close I decided to lower the $$ amount we would do. Why are diamond fees more than double that? Are you looking at the right group, Ben? Its just a marketing ploy. 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. Diamond Club Members beware! As has been tracked in in recent years, America has been found to have, 2 Bed Plus | Annual | Fixed Week 51| 13440 Points, 2 Bed | Annual | Platinum Ski| 11200 Points, 3 Bedroom | Annual | Silver| 6560 Points. My husband then got very upset and said, why didnt they offer this to begin with.? They didn't just buy AM Resorts. They only take Hilton Honors Points and refuse our HGVC owner club points. I saw Hilton Grand Vacations just agreed to buy Diamond Resorts. Unwind amidst the natural beauty, soak in the warm summer sun poolside, enjoy the on-site fitness center or explore Great Smoky Mountains National Park on a daylong hike. I feel like I was sucker punched during my owner's update. Find the right card for you. I don't know if he spoke the truth. As a result, 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. I'm not sure the properties are even worth the annual maintenance fees let alone the additional buy in $ they want1. We may receive compensation when you click on links to those products. Hyatt has been a travel agent friendly brand and now they just bought access to all those travel agents selling leisure travel through ALG. No thanks, as Im a 100% leisure traveler. 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. Has anyone sold their Polo towers? Find your perfect Southwestern escape at Scottsdale Villa Mirage, comfortably set in the scenic Arizona landscape and distinctively decorated with traditional desert charm. As its described, heres what Hyatt is hoping to gain by acquiring ALG: Heres how Hyatt CEO Mark Hoplamazian described the acquisition when it was first announced: With the asset-light acquisition of Apple Leisure Group, we are thrilled to bring a highly desirable independent resort management platform into the Hyatt family. 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. And now HGV has made the biggest adjustment of all, buying Diamond, the largest independent timeshare company, to its portfolio. Just book by specific location. By the way, your comment about CheapCarribean.com shows you ignorance. By the way, your comment about CheapCarribean.com shows you ignorance. If anyone on this forum hears of a class action, count me in. Expansive Residential-Style Retreats Book Today, Plan Your Stay Hyatt Residence Club San Antonio, Wild Oak Ranch View Resort Details Need a Vacation? Pritzkers lose interest and Hyatt will be gone (acquired) - regardless of any acquisitions. Its recommended to use a Licensed, Bonded, and Insured closing company. Click the following link if youre looking for Hilton Grand Vacations resales. What do you make of Hyatts acquisition of Apple Leisure Group? Many of our features might not work. My name is Mike Schultz, if you would like more information on how to relinquish your rights with the company or at least obtaining a free assesment, or to have more information on how much is your contract worth in todays market give me a call 872-266-2666 ext. Now there are dozens. A friend recently stayed there and by her Snapchats and Instagram stories, it looked extremely upscale. I am not excited by this at all but if its makes some money for Hyatt, good for them. Enjoy a day by one of the pools or practice your swing on the course. She keep talking and manipulating the situation. How are timeshare brands dealing with the pandemic? I am sure a lot of you are affected by this and wondering if there is a legal action against Diamond/Hilton is in the offing. They're Days Inn Level resorts that happen to be on the beach. Enjoy spectacular ocean views and our signature Unlimited-Luxury experience.Surrounded by golden sand, extraordinary rock formations, and sapphire blue waters, this fabulous AAA Four Diamond resort offers an ideal setting for couples and honeymooners looking . See the scenery on horseback, or go for a hike along the many trails. When the transition is complete, HGV's management team, headed by CEO Mark Wang, will run the combined company. The high-end of the pricing of what I'm seeing in some destinations is a Planet Hollywood property that's all-inclusive. According to Hyatt, the company is currently working to determine how the World of Hyatt program and ALG's . I have stayed at several Hyatt Ziva's and had wonderful experiences (especially the Hyatt Ziva Cap Cana). According to Hyatt, the company is currently working to determine how the World of Hyatt program and ALGs Unlimited Vacation Club properties can bring added value and unique loyalty benefits to their respective bases. The goal, the statement said, is for the integration to happen in 2022 so World of Hyatt members can start earning and redeeming points at more than 100 new properties through the program. 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. Hilton will never see a dime of my money with this strong arm tactic. To get access to use Diamond properties, they want another $20K membership. Nothing good will come from it for those of us that own with paid off memberships. Strategic Indeed, was it right or wrong only time will tell. Experience the all-inclusive, adults-only Hyatt Vivid Hotels & Resorts. Our team of experts are ready to answer your questions about timesharing and the timeshare industry. This gives members the ability to earn and redeem points at all kinds of new properties. My application got rejected because of unpaid maintenance fees. Sharon. Words matter. The pandemic gave all major travel companies, including timeshares, a yearlong timeout to recalibrate for travel to resume. I wonder if Hyatt is going to rebrand most/all these all inclusives to Zivas or Zilaras. It would have been easy to figure out what our Diamond points are worth in HGVC and moved them over. All prices in U.S. dollars unless otherwise stated. The acquisition adds 100 hotels and resorts across Europe, Mexico, the Caribbean and Central America to Hyatt's portfolio - including all-inclusive resorts from AMR Collection brands like Secrets Resorts . As of June 30, 2021 , the Company's portfolio included more than 1,000 hotel and all-inclusive properties in 68 countries across six continents. 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. 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. Not sure I like this. 4 Days/3 Nights $199 Per Stay + Get 25,000 Hilton Honors Points LEARN MORE Share Your Vacation Moments With #myHGV The Hilton Grand Vacations Difference A proud legacy. We told them we'd think about it, and they said the offer was only good for today. Apple leisure is a tour company with hotels not the other way around. ALG is one of, if not the largest travel industry wholesalers in the world. We accepted the offer. 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? they were pissed!! They lost a discrimination suit in 2004 and were forced to accept gay and lesbian couples as guests. There are a ton of very amazing properties here. But today we send the letter of cancelation of that contract. For the shorter term, Diamond owners will have to go through the same exchange exercise to book rooms at non-Diamond properties. Worse move we ever made. Can you provide some industry guidance? Recently, Hyatt completed its acquisition of Apple Leisure Group, opening a new door to all-inclusive resorts for World of Hyatt members. Should not our contacts be canceled and money returned? Best, Donna. Any increase in Hyatt hotels in Mexico and the Caribbean is FANTASTIC. -Dreams: upscale family-friendly We got suckered into these timeshares as well. Diamond's 92 leisure resorts and nearly 400,000 owners uniquely complement HGV's 62 upscale and luxury properties and over 325,000 owners, and the combination will create the premier vacation ownership company with the broadest offering in the industry. It is such a convoluted mess. No one will buy something they should get for free. 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. They are pressuring us to buy as well and Im refusing. I am a Diamond owner at Polo Towers, week 52, 2 bedroom 2 bath. In 2009, 63% of Hyatts earnings came from owned and leased properties, with fee-based earnings making up the remaining 37%. I was excited about that concept, though personally I cant say Im excited about the execution here. 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 will assume Choice points will not be a option for booking these properties in the near future. Leisure travel has recovered more quickly than business travel. Orlando. The long-term success of the acquisition, analysts told us, will depend on HGV's plan to integrate Diamond's mid-level resorts into HGV's high-level resort portfolio while upgrading the overall customer experience of Diamond owners into HGV's culture. We appreciate your continuing updates to keep us informed. Very diverse crowd at Secrets - all-inclusive and people inclusive resort. Any ideas from anyone on how to let this timeshare go?
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