-
The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!
Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day! -
TUG started 31 years ago in October 1993 as a group of regular Timeshare owners just like you!
Read about our 31st anniversary: Happy 31st Birthday TUG! -
TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!
Free memberships for every 50 subscribers!
Visit TUG on Youtube! -
TUG has now saved timeshare owners more than $23,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!
Read more here: TUG saves owners more than $23 Million dollars -
Wish you could meet up with other TUG members? Well look no further as this annual event has been going on for years in Orlando! How to Attend the TUG January Get-Together!
-
Sign up to get the TUG Newsletter for free!
Tens of thousands of subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners! -
Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!
All T-shirt options here!
Planet Hollywood Towers - the #1 timeshare in the US?
- Thread starter PerryM
- Start date
- Status
Spence
Banned
OK so what does
a 4BR Week 52 with a high location in the building
cost? B-I-N before July.
a 4BR Week 52 with a high location in the building
cost? B-I-N before July.
Transit
TUG Member
Perry Ive always valued your opinion and have read many of you posts .So come on, give us the punch line I know your not serious here.
Spence
Banned
What's their finance rate?
What's the eye watering estimate?
Fern Modena
TUG Lifetime Member
Location, Location, Location
I think I must be missing something. I thought that Westgate PH was on Harmon near Audrie, past the valet entrance, not on The Strip. Am I mistaken? If it is across from the Marriott it surely isn't on The Strip. I know they say that its the only timeshare with a casino. Does that mean it will be connected to the hotel in some way, ie. a bridge or tunnel? I guess the higher units would/could have a Strip view because they would be higher than the hotel in front of it, is that correct?
I know that real estate interests are "pushing" the Harmon area as the next big thing, but I don't see it ever having the same prominence as The Strip. Several projects planned for it have not panned out. Let's face it, folks like to be on The Strip, not near it (except for us timesharers who know better).
All that said, the four bedroom New Year's Week is the best value. Does it include Week 53? And is the maintenence fee subsidized? It sounds like it must be.
Fern
I think I must be missing something. I thought that Westgate PH was on Harmon near Audrie, past the valet entrance, not on The Strip. Am I mistaken? If it is across from the Marriott it surely isn't on The Strip. I know they say that its the only timeshare with a casino. Does that mean it will be connected to the hotel in some way, ie. a bridge or tunnel? I guess the higher units would/could have a Strip view because they would be higher than the hotel in front of it, is that correct?
I know that real estate interests are "pushing" the Harmon area as the next big thing, but I don't see it ever having the same prominence as The Strip. Several projects planned for it have not panned out. Let's face it, folks like to be on The Strip, not near it (except for us timesharers who know better).
All that said, the four bedroom New Year's Week is the best value. Does it include Week 53? And is the maintenence fee subsidized? It sounds like it must be.
Fern
Spence
Banned
I'm psyched, except for the price and the finance rates, maybe if you tell us what the Founders rate is I'll bite.
- Joined
- Jun 6, 2005
- Messages
- 15,812
- Reaction score
- 1,753
- Resorts Owned
-
Grandview At Las Vegas
[triennial - points]
Big Bux Now, Even Bigger Bux In 2017 ?
If that turns out to be the case, then I'd expect future resale prices, if any -- once the place is up & running & starting to experience predictable turnover -- to be way more than full-freight & especially pre-construction pricing from the developer. We'll see, eh?
-- Alan Cole, McLean (Fairfax County), Virginia, USA.
GaryDouglas
TUG Member
- Joined
- Jun 7, 2005
- Messages
- 1,303
- Reaction score
- 144
- Location
- Pleasanton, CA USA
- Resorts Owned
-
Marriott Maui Ocean
Club Suites and Villas
The ph Towers are (will be) set back from the strip the same distance as the Grand Chateau is, and a little bit more. The Grand Chateau will cast a shadow on the ph Tower, particularly their pool, for a good piece of the day, but I would assume that they would have rights to use the ph pool in the southwest corner of the complex.
This property has a lot going for it. The MGC will attract a sightly different clientele, where being in a casino is not of major importance. My primary concern from our viewpoint is that even with the new pool that is planned for the GC, it will still be less than needed. I am not as concerned about the Metro Flag property to the west as Perry, but it is still a big unknown.
What I am curious about is how or will the pricing at the ph Towers affect Marriott's pricing of their remaining units.
Perry, can you give us a better feeling for the cost of the units throughout the new towers including location (view and height), size, etc.?
This property has a lot going for it. The MGC will attract a sightly different clientele, where being in a casino is not of major importance. My primary concern from our viewpoint is that even with the new pool that is planned for the GC, it will still be less than needed. I am not as concerned about the Metro Flag property to the west as Perry, but it is still a big unknown.
What I am curious about is how or will the pricing at the ph Towers affect Marriott's pricing of their remaining units.
Perry, can you give us a better feeling for the cost of the units throughout the new towers including location (view and height), size, etc.?
GaryDouglas
TUG Member
- Joined
- Jun 7, 2005
- Messages
- 1,303
- Reaction score
- 144
- Location
- Pleasanton, CA USA
- Resorts Owned
-
Marriott Maui Ocean
Club Suites and Villas
Birds eye view...
If a picture is worth a thousand words...
The MGC is directly south of the ph Towers, to the west extreme (just below the P in P H Towers, above). The last time I was at the Grand Chateau (our unit points towords the Cosmopolitan and Bellagio) I watched the shadow cast from the MGC towards the at-that-time empty lot where the ph Towers will be. As I remember, the area where their pool will be located (approximately where the P in P H Towers is, above) was in the shade of the MGC until sometime after noon. Of course, the sun is higher in the summer, so the shadow cast will not be as long then, but in September (close to the equinox), it shaded that area significantly. Just something to be aware of by all you pool and sun lovers out there.
Week 52 is "The Week" to buy in LV. The demand for that week is phenomenal.
Perry, with all your experience, I think you will do well with this purchase, although I preferred the originally stated price of $109,900.
If a picture is worth a thousand words...
The MGC is directly south of the ph Towers, to the west extreme (just below the P in P H Towers, above). The last time I was at the Grand Chateau (our unit points towords the Cosmopolitan and Bellagio) I watched the shadow cast from the MGC towards the at-that-time empty lot where the ph Towers will be. As I remember, the area where their pool will be located (approximately where the P in P H Towers is, above) was in the shade of the MGC until sometime after noon. Of course, the sun is higher in the summer, so the shadow cast will not be as long then, but in September (close to the equinox), it shaded that area significantly. Just something to be aware of by all you pool and sun lovers out there.
Week 52 is "The Week" to buy in LV. The demand for that week is phenomenal.
Perry, with all your experience, I think you will do well with this purchase, although I preferred the originally stated price of $109,900.
Last edited:
Carolinian
TUG Member
#1 in the US? Las Vegas has a lot of timeshare, and a lot more being built.
How long before it is like Orlando as to oversupply?
New York on the other hand has huge demand, little supply, and little in the pipeline.
I doubt any Vegas timeshare will ever outdo any NYC timeshare, due to the supply factor.
I would think it unlikely that it will outdo Sanibel, either, and there are probably a few more limited supply/ high demand places that will always be on top.
How long before it is like Orlando as to oversupply?
New York on the other hand has huge demand, little supply, and little in the pipeline.
I doubt any Vegas timeshare will ever outdo any NYC timeshare, due to the supply factor.
I would think it unlikely that it will outdo Sanibel, either, and there are probably a few more limited supply/ high demand places that will always be on top.
I guess my Jockey club will go up in price as well since it is actually on the strip and will be connected to a casino once the Cosmopolitan is completed. So Planet Hollywood will not be the only timeshare connected to a casino.
Wait my two Pelican units also have a casino on the property and I own week 50 and 51. 51 is not as good as 52 but when xmas comes out just right I actually have a better week than week 52 and I paid almost nothing for it. In addition Royal Resorts is running the Pelican and building brand new units by the marina right next door to my Marina Building Pelican units at around $100,000 as fractional units for 4 weeks at a time.
Looks like in just a couple more years I'll be rich just from buying timeshares on the resale market.
As others have said Perry I usually agree with most everything you have said about timeshare but this time considering everything including Westgate affiliation, Vegas being oversold like Orlando and my strong belief in never buying from the developer I will respectfully disagree.
Spence
Banned
Spence
Banned
I think it's exciting. I could never sink $139,990 into one week of timeshare (although I have sunk somewhere near that into many weeks of timeshare, and what I do with them goes against TUG doctrine) but am wishing you the best of luck in doing so, or whatever percentage of that it cost you. Thanks for sharing, it's much more interesting than someone's blog about driving down I-95 to Orlando (in duplicate).
Last edited:
- Joined
- Jun 6, 2005
- Messages
- 4,310
- Reaction score
- 20
OK, so Starwood is going to manage the property. Westgate is still involved, as developer. Bad news for owners.
And how long is the Starwood management contract good for? I would think that at some point Westgate will take over managing the property.
$140,000 for one week a year? You could make $7000 a year by putting that in a CD, much safer investment. If someone was looking to invest that much money in real estate there are much better ways to go about it than investing in a timeshare, especially one where Westgate is involved.
Lets say developer prices increase 30% to $182,000. Then lets assume for a resale you could get 70% of your original price, which is extremely optimistic, almost ridiculous actually, but lets just take that number. At 70% your looking at a sale of 127,400K. Not such a good investment. And 30% may be optimistic given the current real estate market.
From an investment perspective I dont like this at all. I too usually agree with your advice but not on this one. Good luck with it.
Last edited:
MaryH
TUG Member
Planet Hollywood is my least favourite casino that I stayed at in LV. On inexpensive days, the hotel (and I typically get upgraded to a strip suite due to SPG plat status) can be had for $70-100. I prefer Bellagio or Venetian myself 
- Status