I'm confused
and must be missing something.
1. You say that original weeks sold by Westgate still belong to Westgate AND HGVC WILL NOT honor them (which is my understanding).
2. You then state that if you buy additional weeks at Elara, you might be able to convert them OR keep them as part of Westgate. BUT if buying Elara is buying Westgate, you already stated that anything part of Westgate can not and will not be part of HGVC.
3. You got an email from HGVC explaining how to join HGVC, but I thought they can not be part of HGVC?
HELP, I'm confused
Anything sold as Elara is already HGVC, isn't it? Or is there an Elara Westgate, Elara, and Elara HGVC?
When your buying resale, How are you distinguishing between what can be converted to HGVC and what can not?
Is this (what ever IT is) a cheap way to get into HGVC at Elara without ROFR, if you can get around this HGVC not accepting/honoring Westgate ownership?
What are the MF's like?
You don't have to be confused.
As other tuggers mentioned, weeks sold by westgate are still remain as westgate weeks. New owners still can do internal westgate exchange, can reserve home week at 11 months out (while HGVC owners can reserve at 9 months out), can bank week to following year, etc... Also still use Interval International as an exchange co.
There will be no more bulk banking in Interval though, because Hilton uses RCI as an exchange co.
However, I had to go through HGVC's ROFR process during transfer.
I had to get three ROFR - First American Title wanted to go the right way and checked each step due to its unique stage (HGVC bought planet hollywood).
We applied westgate's ROFR. They transferred us to asset company because westgate no longer manage the property.
After asset co. wrote a waiver letter, they transferred me to HOA.
HOA transferred me to HGVC.
HGVC waived ROFR.
And finally I could record a new deed after got all three waiver letters.
It was quite hectic and confused process, but will be more simple in the future.
HGVC said that my case is the first transfer process they had since they purchased Elara, so there was no established process for closing between westgate and HGVC yet. But they were working on it.
HGVC waived transfer fee and ROFR fee for me and apologized for that long and hectic process.
So I believe the future transfer work will be more simple - just need HGVC ROFR waiver or just need westgate waiver, etc...
If I buy HGVC points at Elara, HGVC will buy my (westgate) deed back and issue (or convert to) a new deed which belongs to HGVC.
I guess HGVC plan to encourage existing owners to purchase certain amount of HGVC points to convert westgate weeks to HGVC weeks.
Let's wait and see.