Just a thought as I read through this thread. Does the Hyatt PPP entity own or control a large quantity of Key West units? If so, what better way to increase the number of points in the point program than to change the point value of a unit you own. A former 1400 point unit is now a 2000 point unit. They just increased the number of points available for sale by 30-40%.
While I agree with Kal in that this new PPP does nothing for me, I am concerned that over time (years), as people trade their unit + $ in to join the PPP and as they exercise ROFR, the available inventory for trading in the legacy system will be reduced. Long term, this will make the legacy system less useful / valuable for people who want to trade, and will make the unit I (and others here) own less valuable overall.
Also, some people, such as "bdbrecheen", were sold on the point system. In the one Hyatt sales presentation I went to, the sales guy pushed the whole points system pretty hard. Might someone be able to make a legal case that Hyatt sold a system as well as the individual unit, and that the points associated with their unit represent an interest in the system as a whole. Further, by removing units and points from the legacy system is a breach of contract because it negatively impacts this system. The remedy for which would be to either pay ALL legacy unit holders for the loss of value to their points / unit value, or to block the PPP from being able to utilize any points / units from the legacy system?
To be clear, I am not a lawyer, and have not been involved with timeshares for very long. I'm just asking a question.