Hilton vs Marriott

[Remy]

The cost for both the timeshares you quoted above is high. That Hilton week should be under 10k and that Marriott week should be closer to 1k. A big difference, I know.

Under $10k would be sweet and I'm sure they sell for that occasionally, but the buyer wouldn't be the one ending up with the timeshare. Hilton would exercise ROFR around $11k or so. That's where the price differential comes from. Hilton buys them back and resells them at full freight. It's less expensive/risky than building out a new property.

It is telling that in resale the systems with properties actually selling for 5 figures consistently are Hilton and Hyatt with point systems that are useable by retail and resale buyers alike.

 

[GregT]

It is telling that in resale the systems with properties actually selling for 5 figures consistently are Hilton and Hyatt with point systems that are useable by retail and resale buyers alike.

Agreed -- and it is the same with Starwood -- a Platinum Westin Kierland Villas 2BR that has access to the internal system (StarOptions) will sell for $13K - $15K.

A Platinum Sheraton Desert Oasis 2BR that does not have access to the internal system will sell for $2K - $4K.

Now that Marriott has closed access to its internal system for resale buyers (and isn't ROFRing much of anything), and changed the reliability of Interval International exchanges, the values of the Marriott weeks are just plummeting.

There clearly is a premium value on being able to access the internal system, otherwise the price sinks to whatever the actual value of that specific week/view is.

Best,

Greg

 

[GregT]

Thanks for all the helpful responses.

Recognizing the more limited number of resorts with Hilton (vs Marriott), would this be mitigated by ability to trade in RCI?

My greatest interest in vacation locations is: Orlando, Las Vegas, Hawaii. So my initial thinking has been on purchase of 2 bd, platinum week at a Hilton resort in one of these locations.

Would ownership of a Hilton timeshare like this be good for trading into a comparable property (2 bd, full kitchen, etc.) in most other locations? For example, noticing Hilton has no resort properties in the Caribbean, as owner of the type of Hilton timeshare described above, could I expect to easily trade into a comparable location somewhere in the Caribbean thru RCI?

And while I'm at it, I would also appreciate any input on how to make the choice between orlando, hawaii, las vegas as "home resort".

Thanks.

With respect to home resort, we selected Orlando for our home resort, but we were simply looking for any Las Vegas or Orlando properties that had the annual MFs that we wanted to pay (approx $700 for each of our two 1BRs).

It is odd because we purchased specifically to go to Hawaii and we are counting on the continuing access through their system (which I believe will not undergo many changes). We didn't buy Hawaii because the home resort week must be booked Sat-Sat, and we often like to travel Fri-Fri. If that was an option, we would buy at HHV-Lagoon.

The other issue with home resort is you must book exactly what you own. If you have a 2BR, you can't book just the 1BR side at 12 months out, so you must be highly confident that you are buying exactly what you need the home resort advantage for.

HGVC is a great system -- truly, a remarkable system that is very owner-friendly. I'm glad you found us here!

Best,

Greg