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Any Interest in Fractional HICV Elite Ownership?

skotrla

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Thinking again about purchasing 1M points in fixed weeks and paying to convert and get elite status at an estimated cost of $10K ($8K to HICV and $2K for the units). Would anyone be interested in investing $1000 upfront + $500 each December per 100K annual points with elite benefits? (25% advanced booking savings before 8 months, unlimited upgrades, signature 9 months out, non-signature 12 months out, unit-specific reservations, free point shield)? We'll call it fractional elite ownership.

Assuming it takes a year to complete purchase, you'd pay $1000 now, $500 in December, and get 100K 2016 points in mid-2016. We'd put together some kind of contract - fractional owners would get no refunds for canceling but could drop out at any time and would have the ability to renew indefinitely. If I dissolved the program for any reason, then you'd get your $1000 back plus a refund on any unused points.

I'm on the fence with buying up a bunch of units and doing a conversion - having a few people to go in with me would make it a lot easier. I'd be looking to sell 500K-1000K annual points (if I sold the full 1000K, then I'd just rent additional points for myself at the same $500/100K).

-Scott

[link to commercial website deleted]
 

gkbiiii

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Scott,

I was wondering this myself: however I wonder what the annual dues are, for a million points?

Unlike Starwood you do not get the best VIP card, in the hotel program. This being said, I have heard that they do offer a good point conversion to their hotel program.

I don't know if it is right for me, right now: but sometime in the near future, perhaps. I like your idea, of a LLC membership; but I am still confused about their program, even after getting a very impressive owners book for HICV.

George
gkbii@hotmail.com
 

skotrla

TUG Member
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I am now Elite and can offer a Fractional Elite membership to anyone who wants it. I offer a service to get you Elite membership for $21000 now (includes cost of small HICV purchase), so I am pricing Fractional Elite based on that cost ($2100/100K). And maintenance at that level is $550 per 100K points (fixed at 10% over the Elite rental rate of $500/100K for this Fractional Elite offer).

-Scott
Owner, HICV Google+ Group
 
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