Hilton Grand Vacations strikes deal to acquire Diamond Resorts

[sng85]

This is a textbook deal if I saw one. Based on the messaging, HGVC is trying to setup a two tier offering, the premium+ existing HGVC brand and a premium- DRI.

The rationale for typically doing this is to have an entry-level offering or on-ramp to attract new customers to the brand. DRI with more urban offerings and a younger customer base provides a captive audience for HGVC to continue attracting new customers and “upselling” existing DRI customers into the HGVC brand. This lowers their overall sales and marketing cost as you have to spend less on customer conversions when you have a captive audience. It also increases the life time value of what the company will get in fees from customers, ie all of us. This could be done through fees for an internal exchange, which many have suggested. Using M&A lingo, the new exchange/fees is a source of revenue synergy which neither company has today and the lowered sales and marketing is expense synergy to drive higher profit.

For the developer and management company the timeshare model is a brilliant one; recurring revenue streams into perpetuity; and HGVC just added a major chunk of it.

The concern with this one is how much debt HGVC inherited from Diamond (this should be publicly disclosed, I just haven’t read through the filings). Presumably since their previous owners were PE, their capital structure had a lot of debt, little equity. Eventually this debt will have to be carried and paid off through higher revenue and profit than their previous run-rate (synergy points above)

If anyone believes in vacation travel rebounding, this deal is well-timed. The usage of HGV stock is probably also a good move as it uses expensive currency (HGV stock is at all time high) to pay a deal premium, which shares the risk-reward between buyers and sellers (as opposed to cash-deal in which sellers get a premium upfront and buyers have the risk/reward of making it work post-deal).

 

[nuwermj]

The concern with this one is how much debt HGVC inherited from Diamond (this should be publicly disclosed, I just haven’t read through the filings). Presumably since their previous owners were PE, their capital structure had a lot of debt, little equity. Eventually this debt will have to be carried and paid off through higher revenue and profit than their previous run-rate (synergy points above)

HGV will get about $2.5 billion in debt. Apollo owns at least $1.1 billion: $500,000,000 at 7.75% and $600,000,000 at 10.75%

 

[Magus]

HGV will get about $2.5 billion in debt. Apollo owns at least $1.1 billion: $500,000,000 at 7.75% and $600,000,000 at 10.75%

They will likely be able to refinance the interest rates considerably lower (synergies, better profile and more solid mgmt) and they said they expect to rapidly de-lever to 3x net debt over the next couple years, which is very comfortable level given the cash flow. Given what I'm seeing for leisure booking trends in recent weeks at my company, I think they are right that they will rapidly de-lever - it is picking up quickly. I live and breath lodging finance and I'm not worried about their debt load with the acquisition. That was the first thing I looked at as well. Lenders are being remarkably lenient on covenants in the current covid world.

 

[elaine]

Concur with Magus. DS also in leisure finance. Just had this conversation last week. His view is hotel based travel will rebound. Most in income brackets to afford were relatively fine during covid or actually better financially with extra vacation $ to spend. Cruising remains fo be seen. In a hotel, one can control circumstances better.

 

[youppi]

Diamond has long maintained developer to developer relationships whereby they agree to some kind of inventory exchange. Before Diamond acquired Embarc, that club and HGVC maintained such a relationship. These relationships are one source of inventory.

Second, Diamond offers a program to buyers who own none Diamond timeshares. For example say I own a Welk timeshare. When I buy Diamond points, I can also enter the "Club Combination" program whereby I deposit my Welk week and get Diamond points. This Club Combo inventory is also added to Destination Exchange.

I just did a search for Hawaii and Florida inventory and this is my thought:
The "DestinationXchange Affiliate" seems to be the Club Combo/Select inventory because I see few check-in date per resort and I see some resorts affiliated to II like some Marriott's, Vistana,... and when I look at the HTML of the search result page, all those resorts have an id like" rowHeader-DRI-xxx" where xxx is a three letters:
KVV for Kahana Villa Vacation Club
KCB for Kauai Coast Resort At The Beachboy
KBV for Kahana Beach Vacation Club
MVC for Maui Beach Vacation Club
SPV for Sheraton Vistana Villages
MGV for Marriott Grande Vista
...

The "DestinationXchange Partner" seems to be a sub set of the RCI inventory (less check-in date than on RCI per resorts and no Holiday-Inn resorts, no HGVC resorts, no Vacation Village resorts, few Wyndham resorts, ...) and when I look at the HTML of the search result page, all those resorts have an id like "rowHeader-RCI-xxxx" where xxxx is the same ID as the RCI web site
0029 for Kona Billfisher
2491 for Pono Kai Resort
5080 for Lawai Beach Resort
0450 for Sheraton Vistana Resort
7609 for Royal Palms
...

Note: When I check the destination directory, https://member.diamondresorts.com/Resorts, all Holiday-Inn resorts, HGVC resorts, Vacation Village resorts, Disney resorts are listed like any other RCI resorts but when I check for availability at those resorts there is nothing on DeX but there is full availability on RCI at those resorts.

 

[Magus]

Yup, business travel will come back slower (liability concerns, some meetings will permanently move to zoom, non-large cap firms balance sheets worse etc) but I expect leisure travel to be higher this summer than 2019 for exactly the reasons Elaine said combined with people ready to get out of their house. Much of last year, you could not tell where the weekends were just looking at our daily RevPAR (normally its very obvious), the last few weeks its starting to get easy to tell again which days are friday/saturday again and that delta is increasing each week.

 

[sng85]

They will likely be able to refinance the interest rates considerably lower (synergies, better profile and more solid mgmt) and they said they expect to rapidly de-lever to 3x net debt over the next couple years, which is very comfortable level given the cash flow. Given what I'm seeing for leisure booking trends in recent weeks at my company, I think they are right that they will rapidly de-lever - it is picking up quickly. I live and breath lodging finance and I'm not worried about their debt load with the acquisition. That was the first thing I looked at as well. Lenders are being remarkably lenient on covenants in the current covid world.

HGV will get about $2.5 billion in debt. Apollo owns at least $1.1 billion: $500,000,000 at 7.75% and $600,000,000 at 10.75%

Thanks! 100% agree @Magus, they will refinance and improve the capital structure compared to previous ownership.
Interesting, DRI’s enterprise value was $3.9B, ($1.4B equity + 2.5B debt) compared to HGV at $5B. The higher debt/equity for DRI resulted in HGV ended up owning 72% of the combined companies. Good for HGV shareholders if you believe the deal thesis.

The whole two tier structure has been employed very successfully by some companies. Nordstrom comes to mind- with their Nordstrom Rack brand they’re able to attract a younger millennial customer who eventually grows into a full-price customer. This used to be a big part of their investor messaging. I suppose there’s a generational chasm on preference for timeshare ownership. If this deal can help them close the generational chasm at all, could be a big change in the macro trend on timeshare values. (Speculating now, so I’ll stop at that)

 

[youppi]

I posted this a year ago https://tugbbs.com/forums/threads/d...ii-by-the-end-of-the-year.302601/post-2406620

@escanoe Something interesting. Last year all Hawaii Resorts were tier 6 on DeX (12,000 DRI points).
Now they are all tier 4 (8,000 DRI points)

Kona Billfisher
Kona Billfisher DestinationXchange Partner
75-5841 Alii Drive,  Kailua-Kona,  Hawaii,  96740,  United States
From 8,000 Points
From Tier 4
The true 'aloha spirit' waits for you at the Kona Billfisher Resort on the southern edge of Kailua Kona, well within reach of all the excitement the big island of Hawaii offers. Explore the many beaches, shops, restaurants, clubs and other activities. The resort offers a respite from your activity, with a ... more
1 Bedroom
View Choices
15-Mar-2021 - 22-Mar-2021    7 Nights   
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
5-Apr-2021 - 12-Apr-2021    7 Nights   
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
Pono Kai Resort
Pono Kai Resort DestinationXchange Partner
4-1250 Kuhio Highway,  Kapaa,  Hawaii,  96746,  United States
From 8,000 Points
From Tier 4
Serenity is at this picturesque oceanfront resort. Immerse in island culture and traditions. There is an activity perfect for any age at this stunning resort. Unwind in a heated sun drenched pool, bask on the sandy beach or snorkel in deep blue waters and count tropical fish swimming at your feet. ... more
1 Bedroom
 
2 Bedroom
View Choices
17-Mar-2021 - 24-Mar-2021    7 Nights   
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
17-Mar-2021 - 24-Mar-2021    7 Nights   
2 Bedroom
Max 6 People    8,000 Points / Tier 4    Book It!
24-Mar-2021 - 31-Mar-2021    7 Nights   
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
7-Apr-2021 - 14-Apr-2021    7 Nights   
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
17-Jul-2021 - 24-Jul-2021    7 Nights   
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
28-Aug-2021 - 4-Sep-2021    7 Nights   
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
4-Sep-2021 - 11-Sep-2021    7 Nights   
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
2-Oct-2021 - 9-Oct-2021    7 Nights   
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
17-Nov-2021 - 24-Nov-2021    7 Nights   
2 Bedroom
Max 6 People    8,000 Points / Tier 4    Book It!
24-Nov-2021 - 1-Dec-2021    7 Nights   
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
4-Dec-2021 - 11-Dec-2021    7 Nights   
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
Lawai Beach Resort
Lawai Beach Resort DestinationXchange Partner
5017 Lawai Road,  Koloa,  Hawaii,  96756,  United States
From 8,000 Points
From Tier 4
Boasting a fantastic location on Poipu, Lawai Beach Resort is just steps from one of Kauai's best beaches for snorkeling, surfing, and whale-watching. The property features roomy, well-equipped accommodations, three swimming pools, hot tubs, various picnic areas with barbecue grills and ... more
2 Bedroom
 
1 Bedroom
View Choices
18-Mar-2021 - 25-Mar-2021    7 Nights   
2 Bedroom
Max 6 People    8,000 Points / Tier 4    Book It!
20-Mar-2021 - 27-Mar-2021    7 Nights   
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
Pacific Fantasy
Pacific Fantasy DestinationXchange Partner
c/o The Pono Kai,  Kapaa,  Hawaii,  96746,  United States
From 8,000 Points
From Tier 4
Pacific Fantasy, within The Pono Kai Resort, is on the eastern coast of Kauai. Relax by the resort's outdoor pool or on the beach. Guests will find shuffleboard, tennis, and putting greens on-site and can play golf at one of several courses close by. The resort offers a seasonal ... more
1 Bedroom
View Choices
19-Mar-2021 - 26-Mar-2021    7 Nights   
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
26-Mar-2021 - 2-Apr-2021    7 Nights   
1 Bedroom
Max 6 People    8,000 Points / Tier 4    Book It!
30-Apr-2021 - 7-May-2021    7 Nights   
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
15-Oct-2021 - 22-Oct-2021    7 Nights   
1 Bedroom
Max 6 People    8,000 Points / Tier 4    Book It!
Kuhio Banyan Club
Kuhio Banyan Club DestinationXchange Partner
2310 Kuhio Avenue,  Honolulu,  Hawaii,  96815,  United States
From 8,000 Points
From Tier 4
Kuhio Banyan Club is located blocks away from the famous Waikiki Beach on the island of Oahu. Kuhio Banyan Club provides very moderate accommodations for guest wishing to experience the island. While Kuhio Banyan does not offer a pool, parking or any activities onsite, you will ... more
Studio
View Choices
20-Mar-2021 - 27-Mar-2021    7 Nights   
Studio
Max 2 People    8,000 Points / Tier 4    Book It!
10-Apr-2021 - 17-Apr-2021    7 Nights   
Studio
Max 2 People    8,000 Points / Tier 4    Book It!
1-May-2021 - 8-May-2021    7 Nights   
Studio
Max 2 People    8,000 Points / Tier 4    Book It!
12-Jun-2021 - 19-Jun-2021    7 Nights   
Studio
Max 2 People    8,000 Points / Tier 4    Book It!
3-Jul-2021 - 10-Jul-2021    7 Nights   
Studio
Max 2 People    8,000 Points / Tier 4    Book It!
7-Aug-2021 - 14-Aug-2021    7 Nights   
Studio
Max 2 People    8,000 Points / Tier 4    Book It!
5-Mar-2022 - 12-Mar-2022    7 Nights   
Studio
Max 2 People    8,000 Points / Tier 4    Book It!
Sweetwater at Kauai
Sweetwater at Kauai DestinationXchange Partner
At Alii Kai II Condominiums,  Princeville,  Hawaii,  96722,  United States
From 8,000 Points
From Tier 4
Guests can opt for a swim in the Pacific Ocean or the resort's outdoor pool. Golf, tennis, and hiking can also be enjoyed near the resort. more
2 Bedroom
View Choices
20-Mar-2021 - 27-Mar-2021    7 Nights   
2 Bedroom
Max 6 People    8,000 Points / Tier 4    Book It!
Banyan Harbor
Banyan Harbor DestinationXchange Partner
3411 Wilcox Road,  Lihue,  Hawaii,  96766,  United States
From 8,000 Points
From Tier 4
Just one block from the famous Kalapaki Beach and minutes from Lihue Airport, the Banyan Harbor of Kauai is in the perfect location. Enjoy the island's stunning panoramas while you relax at one of the most breathtaking locations on earth. This centrally situated Kauai complex is within two ... more
2 Bedroom
View Choices
21-Mar-2021 - 28-Mar-2021    7 Nights   
2 Bedroom
Max 6 People    8,000 Points / Tier 4    Book It!
4-Apr-2021 - 11-Apr-2021    7 Nights   
2 Bedroom
Max 6 People    8,000 Points / Tier 4    Book It!
13-Aug-2021 - 20-Aug-2021    7 Nights   
2 Bedroom
Max 6 People    8,000 Points / Tier 4    Book It!
24-Sep-2021 - 1-Oct-2021    7 Nights   
2 Bedroom
Max 6 People    8,000 Points / Tier 4    Book It!
Kahana Falls
Kahana Falls DestinationXchange Partner
4260 Lower Honoapiilani Rd,  Lahaina,  Hawaii,  96761,  United States
From 8,000 Points
From Tier 4
Welcome to the island of Maui and all of its beauty. The island is filled with colorful gardens and plenty of opportunities to enjoy scuba diving, fishing, sailing and snorkeling. To get an even better view of the splendor of Maui, take a helicopter ride. For the early riser, a morning trip to the top of ... more
Studio
 
1 Bedroom
 
2 Bedroom
 
Hotel
View Choices
26-Mar-2021 - 2-Apr-2021    7 Nights   
Studio
Max 2 People    8,000 Points / Tier 4    Book It!
27-Mar-2021 - 3-Apr-2021    7 Nights   
1 Bedroom
Max 2 People    8,000 Points / Tier 4    Book It!
10-Apr-2021 - 17-Apr-2021    7 Nights   
2 Bedroom
Max 6 People    8,000 Points / Tier 4    Book It!
11-Jul-2021 - 18-Jul-2021    7 Nights   
Hotel
Max 2 People    8,000 Points / Tier 4    Book It!
5-Nov-2021 - 12-Nov-2021    7 Nights   
Hotel
Max 2 People    8,000 Points / Tier 4    Book It!
2-Dec-2021 - 9-Dec-2021    7 Nights   
Hotel
Max 2 People    8,000 Points / Tier 4    Book It!
29-Apr-2022 - 6-May-2022    7 Nights   
Hotel
Max 2 People    8,000 Points / Tier 4    Book It!
25-Jun-2022 - 2-Jul-2022    7 Nights   
Studio
Max 2 People    8,000 Points / Tier 4    Book It!
3-Sep-2022 - 10-Sep-2022    7 Nights   
Hotel
Max 2 People    8,000 Points / Tier 4    Book It!
3-Sep-2022 - 10-Sep-2022    7 Nights   
Studio
Max 2 People    8,000 Points / Tier 4    Book It!
Vacation Internationale Sea Mountain
Vacation Internationale Sea Mountain DestinationXchange Partner
95-788 Ninole Loop Road,  Pahala,  Hawaii,  96777,  United States
From 8,000 Points
From Tier 4
Sea Mountain overlooks the Pacific Ocean on the Big Island of Hawaii, has its own 18-hole golf course. The condominiums are a half-mile from the Punaluu Black Sand Beach. The resort also offers four tennis courts and an outdoor pool. Area waters offer swimming, surfing, and snorkeling. Tours ... more
2 Bedroom
View Choices
27-Mar-2021 - 3-Apr-2021    7 Nights   
2 Bedroom
Max 6 People    8,000 Points / Tier 4    Book It!
The Cliffs Club
The Cliffs Club DestinationXchange Partner
3811 Edward Road,  Princeville,  Hawaii,  96722,  United States
From 8,000 Points
From Tier 4
The Cliffs Club is located in Princeville, on Kauai's northern coast. Enjoy swimming in the beautiful pool and relaxing in a choice of two hot tubs. The resort also features two tennis courts, a full-size volleyball/badminton court, a half-court basketball court, two shuffleboard courts, and a ... more
1 Bedroom
View Choices
28-Mar-2021 - 4-Apr-2021    7 Nights   
1 Bedroom
Max 6 People    8,000 Points / Tier 4    Book It!
25-Apr-2021 - 2-May-2021    7 Nights   
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
2-May-2021 - 9-May-2021    7 Nights   
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
4-Dec-2021 - 11-Dec-2021    7 Nights   
1 Bedroom
Max 6 People    8,000 Points / Tier 4    Book It!
Shell Vacations Club @ Kauai Coast Resort at the Beachboy
Shell Vacations Club @ Kauai Coast Resort at the Beachboy DestinationXchange Partner
520 Aleka Loop,  Kapaa, Kauai,  Hawaii,  96746,  United States
From 8,000 Points
From Tier 4
Surrounded by swaying coconut palms and fragrant plumeria blossoms, Kauai Coast Resort at the Beachboy is ideal for family vacations, romantic escapes and relaxing getaways. The Kauai timeshare resort is situated on eight beautiful acres features a swimming pool with natural ... more
1 Bedroom
View Choices
16-Apr-2021 - 23-Apr-2021    7 Nights   
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
Kona Islander
Kona Islander DestinationXchange Partner
75-5776 Kuakini Hwy,  Kailua-Kona,  Hawaii,  96740,  United States
From 8,000 Points
From Tier 4
Studio
View Choices
5-Jun-2021 - 12-Jun-2021    7 Nights   
Studio
Max 2 People    8,000 Points / Tier 4    Book It!
3-Jul-2021 - 10-Jul-2021    7 Nights   
Studio
Max 2 People    8,000 Points / Tier 4    Book It!
25-Sep-2021 - 2-Oct-2021    7 Nights   
Studio
Max 2 People    8,000 Points / Tier 4    Book It!
Lifetime in Hawaii
Lifetime in Hawaii DestinationXchange Partner
At the Royal Kuhio,  Honolulu,  Hawaii,  96815,  United States
From 8,000 Points
From Tier 4
Lifetime in Hawaii at the Royal Kuhio Condominium boasts one of Waikiki's most fashionable vacation addresses. Located on the 16th-27th floor of the Royal Kuhio building it is just minutes from the beach, the acclaimed Ala Wai Golf Course, the shops of the International Market Place, and ... more
Studio
View Choices
17-Jul-2021 - 24-Jul-2021    7 Nights   
Studio
Max 4 People    8,000 Points / Tier 4    Book It!
7-Aug-2021 - 14-Aug-2021    7 Nights   
Studio
Max 4 People    8,000 Points / Tier 4    Book It!
2-Apr-2022 - 9-Apr-2022    7 Nights   
Studio
Max 4 People    8,000 Points / Tier 4    Book It!
28-May-2022 - 4-Jun-2022    7 Nights   
Studio
Max 4 People    8,000 Points / Tier 4    Book It!
2-Jul-2022 - 9-Jul-2022    7 Nights   
Studio
Max 4 People    8,000 Points / Tier 4    Book It!
6-Aug-2022 - 13-Aug-2022    7 Nights   
Studio
Max 4 People    8,000 Points / Tier 4    Book It!
10-Dec-2022 - 17-Dec-2022    7 Nights   
Studio
Max 4 People    8,000 Points / Tier 4    Book It!
Shell Vacations Resort @ Kona Coast Resort II
Shell Vacations Resort @ Kona Coast Resort II DestinationXchange Partner
78-6842 Alii Drive,  Kailua-Kona,  Hawaii,  96740,  United States
From 8,000 Points
From Tier 4
Come to the Big Island of Hawaii, home to beautiful, sun-drenched beaches, verdant hills and the Kona Coast Resort Phase II. You will have access to all the island has to offer, including deep-sea fishing, scuba diving, cruises and excellent shopping. Cool off in one of two swimming pools or relax in one ... more
1 Bedroom
View Choices
3-Sep-2021 - 10-Sep-2021    7 Nights   
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
The Cliffs Resort
The Cliffs Resort DestinationXchange Partner
3811 Edward Road,  Princeville,  Hawaii,  96722,  United States
From 8,000 Points
From Tier 4
Kauai's northern coast has The Cliffs Resort in Princeville. On site guests will find an outdoor pool and four tennis courts. In addition, guests will have access to all of the facilities in the Princeville complex. Major attractions are the two Robert Trent Jones Jr. golf courses. The new Prince Course ... more
1 Bedroom
View Choices
18-Sep-2021 - 25-Sep-2021    7 Nights   
1 Bedroom
Max 6 People    8,000 Points / Tier 4    Book It!
Vacation Internationale Aloha Towers
Vacation Internationale Aloha Towers DestinationXchange Partner
Check-in desk,  Honolulu,  Hawaii,  96815,  United States
From 8,000 Points
From Tier 4
Vacation Internationale Aloha Towers offers its guests numerous on-site vacation amenities. These include a swimming pool, saunas, hot tubs, paddle tennis courts and a barbecue area. Laundry facilities and elevators are also available and the resort is handicapped-accessible. The resort ... more
1 Bedroom
View Choices
20-Sep-2021 - 27-Sep-2021    7 Nights   
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
Makai Club
Makai Club DestinationXchange Partner
4180 Lei O Papa Road,  Princeville,  Hawaii,  96722,  United States
From 8,000 Points
From Tier 4
Located on a lush hillside neighboring the Makai Golf Course, the Makai Club Resort is the perfect base for your island adventure. While you could easily spend your entire vacation relaxing at the resort’s sparkling pool or the nearby beach, there’s ample opportunity to explore The Garden Isle by ... more
1 Bedroom
View Choices
10-Dec-2021 - 17-Dec-2021    7 Nights   
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
Vacation Internationale Royal Kuhio
Vacation Internationale Royal Kuhio DestinationXchange Partner
2240 Kuhio Ave.,  Honolulu,  Hawaii,  96815,  United States
From 8,000 Points
From Tier 4
In the heart of the fun, a short walk from lively Waikiki Beach, Vacation Internationale Royal Kuhio offers pleasant one-bedroom accommodations with plenty to do. Renowned restaurants and one of the world's greatest beaches are just a few blocks from your door. Honolulu offers ... more
1 Bedroom
View Choices
6-Mar-2022 - 13-Mar-2022    7 Nights   
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
8-May-2022 - 15-May-2022    7 Nights   
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
26-Jun-2022 - 3-Jul-2022    7 Nights   
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
Imperial Hawaii Vacation Club
Imperial Hawaii Vacation Club DestinationXchange Partner
Imperial Hawaii Resort,  Honolulu,  Hawaii,  96815,  United States
From 8,000 Points
From Tier 4
This 27 floor high-rise has a pool deck and owners' lounge with panoramic views. The resort staff strives to fulfill the resort motto, "What can I do for you today?" by offering a wide array of services and amenities: an activity center in the lobby, golf club & tennis racquet rentals, beach ... more
Studio
View Choices
15-Jun-2022 - 22-Jun-2022    7 Nights   
Studio
Max 2 People    8,000 Points / Tier 4    Book It!
13-Jul-2022 - 20-Jul-2022    7 Nights   
Studio
Max 2 People    8,000 Points / Tier 4    Book It!
19-Nov-2022 - 26-Nov-2022    7 Nights   
Studio
Max 2 People    8,000 Points / Tier 4    Book It!
Vacation Internationale Sea Village
Vacation Internationale Sea Village DestinationXchange Partner
75-5992 Alii Drive,  Kailua-Kona,  Hawaii,  96740,  United States
From 8,000 Points
From Tier 4
Beautiful gardens with more than 35 varieties of tropical flowers and trees highlight the landscaping. Guests of the resort can enjoy the on-site outdoor pool, whirlpool, and ... more
1 Bedroom
View Choices
25-Jun-2022 - 2-Jul-2022    7 Nights   
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!

 

[bauerej]

Synergies: The company expects run-rate cost synergies of $125MM in the first two years following close with the potential for significant revenue synergy opportunities. In addition, the combined company is expected to generate an adjusted FCF conversion rate of between 50-60%, due to cost management, a strong pipeline and acquired inventory, and reduced long-term inventory spend. In aggregate, the company is also expected to generate 50% of Segment Adjusted EBITDA from recurring sources following the acquisition. Note from research analysts this morning

GREAT! With all this cost saving I am sure that HGV will reduce their high annual club membership fees!

 

[youppi]

@escanoe Something interesting. Last year all Hawaii Resorts were tier 6 on DeX (12,000 DRI points).
Now they are all tier 4 (8,000 DRI points)

Kona Billfisher
Kona Billfisher DestinationXchange Partner
75-5841 Alii Drive,  Kailua-Kona,  Hawaii,  96740,  United States
From 8,000 Points
From Tier 4
The true 'aloha spirit' waits for you at the Kona Billfisher Resort on the southern edge of Kailua Kona, well within reach of all the excitement the big island of Hawaii offers. Explore the many beaches, shops, restaurants, clubs and other activities. The resort offers a respite from your activity, with a ... more
1 Bedroom
View Choices
15-Mar-2021 - 22-Mar-2021    7 Nights  
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
5-Apr-2021 - 12-Apr-2021    7 Nights  
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
Pono Kai Resort
Pono Kai Resort DestinationXchange Partner
4-1250 Kuhio Highway,  Kapaa,  Hawaii,  96746,  United States
From 8,000 Points
From Tier 4
Serenity is at this picturesque oceanfront resort. Immerse in island culture and traditions. There is an activity perfect for any age at this stunning resort. Unwind in a heated sun drenched pool, bask on the sandy beach or snorkel in deep blue waters and count tropical fish swimming at your feet. ... more
1 Bedroom

2 Bedroom
View Choices
17-Mar-2021 - 24-Mar-2021    7 Nights  
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
17-Mar-2021 - 24-Mar-2021    7 Nights  
2 Bedroom
Max 6 People    8,000 Points / Tier 4    Book It!
24-Mar-2021 - 31-Mar-2021    7 Nights  
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
7-Apr-2021 - 14-Apr-2021    7 Nights  
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
17-Jul-2021 - 24-Jul-2021    7 Nights  
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
28-Aug-2021 - 4-Sep-2021    7 Nights  
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
4-Sep-2021 - 11-Sep-2021    7 Nights  
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
2-Oct-2021 - 9-Oct-2021    7 Nights  
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
17-Nov-2021 - 24-Nov-2021    7 Nights  
2 Bedroom
Max 6 People    8,000 Points / Tier 4    Book It!
24-Nov-2021 - 1-Dec-2021    7 Nights  
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
4-Dec-2021 - 11-Dec-2021    7 Nights  
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
Lawai Beach Resort
Lawai Beach Resort DestinationXchange Partner
5017 Lawai Road,  Koloa,  Hawaii,  96756,  United States
From 8,000 Points
From Tier 4
Boasting a fantastic location on Poipu, Lawai Beach Resort is just steps from one of Kauai's best beaches for snorkeling, surfing, and whale-watching. The property features roomy, well-equipped accommodations, three swimming pools, hot tubs, various picnic areas with barbecue grills and ... more
2 Bedroom

1 Bedroom
View Choices
18-Mar-2021 - 25-Mar-2021    7 Nights  
2 Bedroom
Max 6 People    8,000 Points / Tier 4    Book It!
20-Mar-2021 - 27-Mar-2021    7 Nights  
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
Pacific Fantasy
Pacific Fantasy DestinationXchange Partner
c/o The Pono Kai,  Kapaa,  Hawaii,  96746,  United States
From 8,000 Points
From Tier 4
Pacific Fantasy, within The Pono Kai Resort, is on the eastern coast of Kauai. Relax by the resort's outdoor pool or on the beach. Guests will find shuffleboard, tennis, and putting greens on-site and can play golf at one of several courses close by. The resort offers a seasonal ... more
1 Bedroom
View Choices
19-Mar-2021 - 26-Mar-2021    7 Nights  
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
26-Mar-2021 - 2-Apr-2021    7 Nights  
1 Bedroom
Max 6 People    8,000 Points / Tier 4    Book It!
30-Apr-2021 - 7-May-2021    7 Nights  
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
15-Oct-2021 - 22-Oct-2021    7 Nights  
1 Bedroom
Max 6 People    8,000 Points / Tier 4    Book It!
Kuhio Banyan Club
Kuhio Banyan Club DestinationXchange Partner
2310 Kuhio Avenue,  Honolulu,  Hawaii,  96815,  United States
From 8,000 Points
From Tier 4
Kuhio Banyan Club is located blocks away from the famous Waikiki Beach on the island of Oahu. Kuhio Banyan Club provides very moderate accommodations for guest wishing to experience the island. While Kuhio Banyan does not offer a pool, parking or any activities onsite, you will ... more
Studio
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20-Mar-2021 - 27-Mar-2021    7 Nights  
Studio
Max 2 People    8,000 Points / Tier 4    Book It!
10-Apr-2021 - 17-Apr-2021    7 Nights  
Studio
Max 2 People    8,000 Points / Tier 4    Book It!
1-May-2021 - 8-May-2021    7 Nights  
Studio
Max 2 People    8,000 Points / Tier 4    Book It!
12-Jun-2021 - 19-Jun-2021    7 Nights  
Studio
Max 2 People    8,000 Points / Tier 4    Book It!
3-Jul-2021 - 10-Jul-2021    7 Nights  
Studio
Max 2 People    8,000 Points / Tier 4    Book It!
7-Aug-2021 - 14-Aug-2021    7 Nights  
Studio
Max 2 People    8,000 Points / Tier 4    Book It!
5-Mar-2022 - 12-Mar-2022    7 Nights  
Studio
Max 2 People    8,000 Points / Tier 4    Book It!
Sweetwater at Kauai
Sweetwater at Kauai DestinationXchange Partner
At Alii Kai II Condominiums,  Princeville,  Hawaii,  96722,  United States
From 8,000 Points
From Tier 4
Guests can opt for a swim in the Pacific Ocean or the resort's outdoor pool. Golf, tennis, and hiking can also be enjoyed near the resort. more
2 Bedroom
View Choices
20-Mar-2021 - 27-Mar-2021    7 Nights  
2 Bedroom
Max 6 People    8,000 Points / Tier 4    Book It!
Banyan Harbor
Banyan Harbor DestinationXchange Partner
3411 Wilcox Road,  Lihue,  Hawaii,  96766,  United States
From 8,000 Points
From Tier 4
Just one block from the famous Kalapaki Beach and minutes from Lihue Airport, the Banyan Harbor of Kauai is in the perfect location. Enjoy the island's stunning panoramas while you relax at one of the most breathtaking locations on earth. This centrally situated Kauai complex is within two ... more
2 Bedroom
View Choices
21-Mar-2021 - 28-Mar-2021    7 Nights  
2 Bedroom
Max 6 People    8,000 Points / Tier 4    Book It!
4-Apr-2021 - 11-Apr-2021    7 Nights  
2 Bedroom
Max 6 People    8,000 Points / Tier 4    Book It!
13-Aug-2021 - 20-Aug-2021    7 Nights  
2 Bedroom
Max 6 People    8,000 Points / Tier 4    Book It!
24-Sep-2021 - 1-Oct-2021    7 Nights  
2 Bedroom
Max 6 People    8,000 Points / Tier 4    Book It!
Kahana Falls
Kahana Falls DestinationXchange Partner
4260 Lower Honoapiilani Rd,  Lahaina,  Hawaii,  96761,  United States
From 8,000 Points
From Tier 4
Welcome to the island of Maui and all of its beauty. The island is filled with colorful gardens and plenty of opportunities to enjoy scuba diving, fishing, sailing and snorkeling. To get an even better view of the splendor of Maui, take a helicopter ride. For the early riser, a morning trip to the top of ... more
Studio

1 Bedroom

2 Bedroom

Hotel
View Choices
26-Mar-2021 - 2-Apr-2021    7 Nights  
Studio
Max 2 People    8,000 Points / Tier 4    Book It!
27-Mar-2021 - 3-Apr-2021    7 Nights  
1 Bedroom
Max 2 People    8,000 Points / Tier 4    Book It!
10-Apr-2021 - 17-Apr-2021    7 Nights  
2 Bedroom
Max 6 People    8,000 Points / Tier 4    Book It!
11-Jul-2021 - 18-Jul-2021    7 Nights  
Hotel
Max 2 People    8,000 Points / Tier 4    Book It!
5-Nov-2021 - 12-Nov-2021    7 Nights  
Hotel
Max 2 People    8,000 Points / Tier 4    Book It!
2-Dec-2021 - 9-Dec-2021    7 Nights  
Hotel
Max 2 People    8,000 Points / Tier 4    Book It!
29-Apr-2022 - 6-May-2022    7 Nights  
Hotel
Max 2 People    8,000 Points / Tier 4    Book It!
25-Jun-2022 - 2-Jul-2022    7 Nights  
Studio
Max 2 People    8,000 Points / Tier 4    Book It!
3-Sep-2022 - 10-Sep-2022    7 Nights  
Hotel
Max 2 People    8,000 Points / Tier 4    Book It!
3-Sep-2022 - 10-Sep-2022    7 Nights  
Studio
Max 2 People    8,000 Points / Tier 4    Book It!
Vacation Internationale Sea Mountain
Vacation Internationale Sea Mountain DestinationXchange Partner
95-788 Ninole Loop Road,  Pahala,  Hawaii,  96777,  United States
From 8,000 Points
From Tier 4
Sea Mountain overlooks the Pacific Ocean on the Big Island of Hawaii, has its own 18-hole golf course. The condominiums are a half-mile from the Punaluu Black Sand Beach. The resort also offers four tennis courts and an outdoor pool. Area waters offer swimming, surfing, and snorkeling. Tours ... more
2 Bedroom
View Choices
27-Mar-2021 - 3-Apr-2021    7 Nights  
2 Bedroom
Max 6 People    8,000 Points / Tier 4    Book It!
The Cliffs Club
The Cliffs Club DestinationXchange Partner
3811 Edward Road,  Princeville,  Hawaii,  96722,  United States
From 8,000 Points
From Tier 4
The Cliffs Club is located in Princeville, on Kauai's northern coast. Enjoy swimming in the beautiful pool and relaxing in a choice of two hot tubs. The resort also features two tennis courts, a full-size volleyball/badminton court, a half-court basketball court, two shuffleboard courts, and a ... more
1 Bedroom
View Choices
28-Mar-2021 - 4-Apr-2021    7 Nights  
1 Bedroom
Max 6 People    8,000 Points / Tier 4    Book It!
25-Apr-2021 - 2-May-2021    7 Nights  
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
2-May-2021 - 9-May-2021    7 Nights  
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
4-Dec-2021 - 11-Dec-2021    7 Nights  
1 Bedroom
Max 6 People    8,000 Points / Tier 4    Book It!
Shell Vacations Club @ Kauai Coast Resort at the Beachboy
Shell Vacations Club @ Kauai Coast Resort at the Beachboy DestinationXchange Partner
520 Aleka Loop,  Kapaa, Kauai,  Hawaii,  96746,  United States
From 8,000 Points
From Tier 4
Surrounded by swaying coconut palms and fragrant plumeria blossoms, Kauai Coast Resort at the Beachboy is ideal for family vacations, romantic escapes and relaxing getaways. The Kauai timeshare resort is situated on eight beautiful acres features a swimming pool with natural ... more
1 Bedroom
View Choices
16-Apr-2021 - 23-Apr-2021    7 Nights  
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
Kona Islander
Kona Islander DestinationXchange Partner
75-5776 Kuakini Hwy,  Kailua-Kona,  Hawaii,  96740,  United States
From 8,000 Points
From Tier 4
Studio
View Choices
5-Jun-2021 - 12-Jun-2021    7 Nights  
Studio
Max 2 People    8,000 Points / Tier 4    Book It!
3-Jul-2021 - 10-Jul-2021    7 Nights  
Studio
Max 2 People    8,000 Points / Tier 4    Book It!
25-Sep-2021 - 2-Oct-2021    7 Nights  
Studio
Max 2 People    8,000 Points / Tier 4    Book It!
Lifetime in Hawaii
Lifetime in Hawaii DestinationXchange Partner
At the Royal Kuhio,  Honolulu,  Hawaii,  96815,  United States
From 8,000 Points
From Tier 4
Lifetime in Hawaii at the Royal Kuhio Condominium boasts one of Waikiki's most fashionable vacation addresses. Located on the 16th-27th floor of the Royal Kuhio building it is just minutes from the beach, the acclaimed Ala Wai Golf Course, the shops of the International Market Place, and ... more
Studio
View Choices
17-Jul-2021 - 24-Jul-2021    7 Nights  
Studio
Max 4 People    8,000 Points / Tier 4    Book It!
7-Aug-2021 - 14-Aug-2021    7 Nights  
Studio
Max 4 People    8,000 Points / Tier 4    Book It!
2-Apr-2022 - 9-Apr-2022    7 Nights  
Studio
Max 4 People    8,000 Points / Tier 4    Book It!
28-May-2022 - 4-Jun-2022    7 Nights  
Studio
Max 4 People    8,000 Points / Tier 4    Book It!
2-Jul-2022 - 9-Jul-2022    7 Nights  
Studio
Max 4 People    8,000 Points / Tier 4    Book It!
6-Aug-2022 - 13-Aug-2022    7 Nights  
Studio
Max 4 People    8,000 Points / Tier 4    Book It!
10-Dec-2022 - 17-Dec-2022    7 Nights  
Studio
Max 4 People    8,000 Points / Tier 4    Book It!
Shell Vacations Resort @ Kona Coast Resort II
Shell Vacations Resort @ Kona Coast Resort II DestinationXchange Partner
78-6842 Alii Drive,  Kailua-Kona,  Hawaii,  96740,  United States
From 8,000 Points
From Tier 4
Come to the Big Island of Hawaii, home to beautiful, sun-drenched beaches, verdant hills and the Kona Coast Resort Phase II. You will have access to all the island has to offer, including deep-sea fishing, scuba diving, cruises and excellent shopping. Cool off in one of two swimming pools or relax in one ... more
1 Bedroom
View Choices
3-Sep-2021 - 10-Sep-2021    7 Nights  
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
The Cliffs Resort
The Cliffs Resort DestinationXchange Partner
3811 Edward Road,  Princeville,  Hawaii,  96722,  United States
From 8,000 Points
From Tier 4
Kauai's northern coast has The Cliffs Resort in Princeville. On site guests will find an outdoor pool and four tennis courts. In addition, guests will have access to all of the facilities in the Princeville complex. Major attractions are the two Robert Trent Jones Jr. golf courses. The new Prince Course ... more
1 Bedroom
View Choices
18-Sep-2021 - 25-Sep-2021    7 Nights  
1 Bedroom
Max 6 People    8,000 Points / Tier 4    Book It!
Vacation Internationale Aloha Towers
Vacation Internationale Aloha Towers DestinationXchange Partner
Check-in desk,  Honolulu,  Hawaii,  96815,  United States
From 8,000 Points
From Tier 4
Vacation Internationale Aloha Towers offers its guests numerous on-site vacation amenities. These include a swimming pool, saunas, hot tubs, paddle tennis courts and a barbecue area. Laundry facilities and elevators are also available and the resort is handicapped-accessible. The resort ... more
1 Bedroom
View Choices
20-Sep-2021 - 27-Sep-2021    7 Nights  
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
Makai Club
Makai Club DestinationXchange Partner
4180 Lei O Papa Road,  Princeville,  Hawaii,  96722,  United States
From 8,000 Points
From Tier 4
Located on a lush hillside neighboring the Makai Golf Course, the Makai Club Resort is the perfect base for your island adventure. While you could easily spend your entire vacation relaxing at the resort’s sparkling pool or the nearby beach, there’s ample opportunity to explore The Garden Isle by ... more
1 Bedroom
View Choices
10-Dec-2021 - 17-Dec-2021    7 Nights  
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
Vacation Internationale Royal Kuhio
Vacation Internationale Royal Kuhio DestinationXchange Partner
2240 Kuhio Ave.,  Honolulu,  Hawaii,  96815,  United States
From 8,000 Points
From Tier 4
In the heart of the fun, a short walk from lively Waikiki Beach, Vacation Internationale Royal Kuhio offers pleasant one-bedroom accommodations with plenty to do. Renowned restaurants and one of the world's greatest beaches are just a few blocks from your door. Honolulu offers ... more
1 Bedroom
View Choices
6-Mar-2022 - 13-Mar-2022    7 Nights  
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
8-May-2022 - 15-May-2022    7 Nights  
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
26-Jun-2022 - 3-Jul-2022    7 Nights  
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
Imperial Hawaii Vacation Club
Imperial Hawaii Vacation Club DestinationXchange Partner
Imperial Hawaii Resort,  Honolulu,  Hawaii,  96815,  United States
From 8,000 Points
From Tier 4
This 27 floor high-rise has a pool deck and owners' lounge with panoramic views. The resort staff strives to fulfill the resort motto, "What can I do for you today?" by offering a wide array of services and amenities: an activity center in the lobby, golf club & tennis racquet rentals, beach ... more
Studio
View Choices
15-Jun-2022 - 22-Jun-2022    7 Nights  
Studio
Max 2 People    8,000 Points / Tier 4    Book It!
13-Jul-2022 - 20-Jul-2022    7 Nights  
Studio
Max 2 People    8,000 Points / Tier 4    Book It!
19-Nov-2022 - 26-Nov-2022    7 Nights  
Studio
Max 2 People    8,000 Points / Tier 4    Book It!
Vacation Internationale Sea Village
Vacation Internationale Sea Village DestinationXchange Partner
75-5992 Alii Drive,  Kailua-Kona,  Hawaii,  96740,  United States
From 8,000 Points
From Tier 4
Beautiful gardens with more than 35 varieties of tropical flowers and trees highlight the landscaping. Guests of the resort can enjoy the on-site outdoor pool, whirlpool, and ... more
1 Bedroom
View Choices
25-Jun-2022 - 2-Jul-2022    7 Nights  
1 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!

and on DeX affiliate there is tier 2 and 3

Kahana Villa Vacation Club
Kahana Villa Vacation Club DestinationXchange Affiliate 
4242 LOWER HONOPIILANI HWY,  Kahana, Maui,  Hawaii,  96761,  United States
From 6,000 Points
From Tier 3
1 Bedroom
View Choices
31-Mar-2021 - 7-Apr-2021    7 Nights   
1 Bedroom
Max 2 People    6,000 Points / Tier 3    Book It!
10-Jul-2021 - 17-Jul-2021    7 Nights   
1 Bedroom
Max 2 People    6,000 Points / Tier 3    Book It!
Kauai Coast Resort At The Beachboy
Kauai Coast Resort At The Beachboy DestinationXchange Affiliate 
520 ALEKA LOOP,  Kapaa, Kauai,  Hawaii,  96746,  United States
From 8,000 Points
From Tier 4
2 Bedroom
View Choices
7-Apr-2021 - 14-Apr-2021    7 Nights   
2 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
Kahana Beach Vacation Club
Kahana Beach Vacation Club DestinationXchange Affiliate 
4221 LOWER HONOAPIILANI HWY,  Kahana, Maui,  Hawaii,  96761,  United States
From 4,000 Points
From Tier 2
Studio
View Choices
2-May-2021 - 9-May-2021    7 Nights   
Studio
Max 2 People    4,000 Points / Tier 2    Book It!
9-May-2021 - 16-May-2021    7 Nights   
Studio
Max 2 People    4,000 Points / Tier 2    Book It!
4-Sep-2021 - 11-Sep-2021    7 Nights   
Studio
Max 2 People    4,000 Points / Tier 2    Book It!
Maui Beach Vacation Club
Maui Beach Vacation Club DestinationXchange Affiliate 
515 S. KIHEI RD.,  Kihei, Maui,  Hawaii,  96753,  United States
From 6,000 Points
From Tier 3
Situated on the southwest coast of Maui, the Maui Beach Vacation Club offers tastefully decorated one- and two-bedroom suites. On-site amenities include a swimming pool, whirlpool, barbecue grills, activity ... more
1 Bedroom
View Choices
11-Jul-2021 - 18-Jul-2021    7 Nights   
1 Bedroom
Max 2 People    6,000 Points / Tier 3    Book It!
The Gardens At West Maui
The Gardens At West Maui DestinationXchange Affiliate 
5500 LOWER HONOAPILANI HWY,  Kapaluia Maui,  Hawaii,  96761,  United States
From 6,000 Points
From Tier 3
Adjacent to Kapalua, Maui's 750 acre premier resort community, The Gardens at West Maui, is nearby a host of championship golf courses, resort restaurants, cafes and shops. "America's Favorite" beach at Kapalua ... more
1 Bedroom
View Choices
1-Aug-2021 - 8-Aug-2021    7 Nights   
1 Bedroom
Max 2 People    6,000 Points / Tier 3    Book It!
Kona Coast Resort Ii
Kona Coast Resort Ii DestinationXchange Affiliate 
78-6842 ALII DRIVE,  Kailua-Kona,  Hawaii,  96739,  United States
From 6,000 Points
From Tier 3
Come to the Big Island of Hawaii, home to beautiful, sun-drenched beaches, verdant hills and the Kona Coast Resort Phase II. You will have access to all the island has to offer, including deep-sea fishing, scuba diving, ... more
1 Bedroom
View Choices
13-Aug-2021 - 20-Aug-2021    7 Nights   
1 Bedroom
Max 2 People    6,000 Points / Tier 3    Book It!
Kona Coast Resort
Kona Coast Resort DestinationXchange Affiliate 
78-6842 ALII DR,  Kailua Kona,  Hawaii,  96739,  United States
From 6,000 Points
From Tier 3
Sitting on 21 acres of lush, tropical gardens amid the panoramic backdrop of Hawaii's Kona Coast, the Kona Coast Resort on Hawaii's Big Island offers spectacular views of palm trees and calm waters. Here you'll find ... more
1 Bedroom
View Choices
21-Aug-2021 - 28-Aug-2021    7 Nights   
1 Bedroom
Max 2 People    6,000 Points / Tier 3    Book It!
Kuhio Banyan Club
Kuhio Banyan Club DestinationXchange Affiliate 
2310 KUHIO AVE,  Honolulu, Oahu,  Hawaii,  96815,  United States
From 4,000 Points
From Tier 2
Kuhio Banyan Club is located blocks away from the famous Waikiki Beach on the island of Oahu. Kuhio Banyan Club provides very moderate accommodations for guest wishing to experience the island. While Kuhio Banyan ... more
Studio
View Choices
12-Sep-2021 - 19-Sep-2021    7 Nights   
Studio
Max 2 People    4,000 Points / Tier 2    Book It!
19-Sep-2021 - 26-Sep-2021    7 Nights   
Studio
Max 2 People    4,000 Points / Tier 2    Book It!
Hawaiian Princess At Makaha Beach
Hawaiian Princess At Makaha Beach DestinationXchange Affiliate 
84-1021 LAHILAHI ST.,  Makaha,  Hawaii,  96792,  United States
From 6,000 Points
From Tier 3
1 Bedroom
View Choices
12-Sep-2021 - 19-Sep-2021    7 Nights   
1 Bedroom
Max 2 People    6,000 Points / Tier 3    Book It!
Paniolo Greens
Paniolo Greens DestinationXchange Affiliate 
68-1845 WAIKOLOA RD,  Waikoloa,  Hawaii,  96738,  United States
From 8,000 Points
From Tier 4
A quick 10-minute drive from the beach, Paniolo Greens is perfect for everything from romantic getaways to family vacations to golf outings. With stunning golf and mountain views, the resort has a swimming pool with ... more
2 Bedroom
View Choices
8-Oct-2021 - 15-Oct-2021    7 Nights   
2 Bedroom
Max 4 People    8,000 Points / Tier 4    Book It!
Royal Aloha Vacation Club Waikiki
Royal Aloha Vacation Club Waikiki DestinationXchange Affiliate 
2150 ALOHA DRIVE,  Honolulu,  Hawaii,  96815,  United States
From 6,000 Points
From Tier 3
Vacation Internationale Aloha Towers offers its guests numerous on-site vacation amenities. These include a swimming pool, saunas, hot tubs, paddle tennis courts and a barbecue area. Laundry facilities and elevators ... more
1 Bedroom
View Choices
11-Nov-2021 - 18-Nov-2021    7 Nights   
1 Bedroom
Max 2 People    6,000 Points / Tier 3    Book It!

 

[jeepinjoel]

So, would a diamond owner have access to HGVC units?

Eventually, yes they will. The details regarding point values will have to be worked out, but I’m looking forward to this deal.

 

[Tamaradarann]

Eventually, yes they will. The details regarding point values will have to be worked out, but I’m looking forward to this deal.

I totally agree that the point values of Diamond Resorts(the newly designated HVC club resorts) will need to evaluated and worked out. HGVC has already started to have different point values for some of the new resorts so that evaluating and assigning point values to Diamond Resorts should not be a problem. I just hope they don't allow DRI members to book HGVC resorts at the current 9 month club reservation window and hurt the benefits that existing HGVC members have now. If they implement an inter-club reservation window at 3 or 6 months instead of 9 month start of HGVC reservation period that should work well.

 

[eleigh]

I am a Diamond deeded week owner in Lake Tahoe-Lake Tahoe Vacation Resort 2 bedroom. How do you think HGVC will deal with traditional weeks owners? At our last owner up date 2 years ago they were really pushing conversion into/buy more points, which we have no interest in doing. Do you think HGCV will offer a buy back to owners of traditional weeks?

 

[CalGalTraveler]

I am a Diamond deeded week owner in Lake Tahoe-Lake Tahoe Vacation Resort 2 bedroom. How do you think HGVC will deal with traditional weeks owners? At our last owner up date 2 years ago they were really pushing conversion into/buy more points, which we have no interest in doing. Do you think HGCV will offer a buy back to owners of traditional weeks?

No one knows yet. Deedback will depend on whether they want the week to add to the existing trust, or offer it as a deeded week to new buyers per the traditional HGVC model. Given HGVC doesn't have a Lake Tahoe location, I would imagine it would offer value. I estimate that the HI properties would be the first priority for renovation and deedbacks given the large Asian customer base and prior unmet demand for higher end HI deeds. However, Covid may have changed all that with people preferring drive-to locations.

 

[dougp26364]

I am a Diamond deeded week owner in Lake Tahoe-Lake Tahoe Vacation Resort 2 bedroom. How do you think HGVC will deal with traditional weeks owners? At our last owner up date 2 years ago they were really pushing conversion into/buy more points, which we have no interest in doing. Do you think HGCV will offer a buy back to owners of traditional weeks?

I believe your ownership will go on just as it always has if you’re a traditional week owner not involved in DRI’s points program. Nothing will change other than maybe the name on the resort to Hilton Vacation Club and signage around the resort.

You’ll still get pushed at the owners update to convert your week and participate in whatever points program they dream up. That will never change. They’ll ALWAYS want to sell you the next great thing.

Sales staff is a great source for rumors, but generally a poor source for facts.

 

[BingoBangoBongo]

What is new? Hilton Club Vs by Hilton Club Vs Hilton Grand Vacation Club Vs Hilton Vacation Club Vs. Hilton Hotels

They want you to have an advanced degree in Hilton to know the difference.

Or they have a strong desire to pay some marketing firm $2M in a few years to rebrand all of them under some obscure name that is impossible to remember or spell correctly.

 

[Bxian]

We stayed at that Grand Hyatt a few years back, and it was fabulous. And likely as pricey as you say. Not wanting to pay that, we used points

With an option to stay in the same area, albeit in less fancy digs, at a reduced cost, we'd jump on that.

Cheers.

We did, too. I was A Diamond Hyatt member at the time, so we got upgraded to a gorgeous suite and had free breakfast, plus access to the spa. The spa products smelled so heavenly that we went up there every day and used their showers. Hmm-if this works out, and HGVC can get into Points at Poipu, I am dreaming of a week using points at the Grand Hyatt and a TS trade into Points at Poipu......

 

[GT75]

At our last owner up date 2 years ago they were really pushing conversion into/buy more points

The sales staff will always tell you that you need to buy something.

 

[DannyTS]

The sales staff will always tell you that you need to buy something.

And that it is the last chance to buy, the prices are going up!

 

[Talent312]

Whatever they do, this means guaranteed employment
for the geeks in HGVC's IT department. God help us all !
.

 

[Bxian]

I find myself wondering if Diamond's online reservation system is any better than the horror that is HGVC's.....

 

[farinc]

HGV strikes deal to acquire Diamond Resorts - https://seekingalpha.com/news/36711...k-3&utm_medium=email&utm_source=seeking_alpha


or HGV press release - https://www.hiltongrandvacations.co...es-pdf/hgv_press-release_2021-03-10_final.pdf

or Q&As on HGV Club page - https://club.hiltongrandvacations.com/en/hgv-announces-plans-to-acquire-diamond-resorts

Previous threads on this merger when Apollo was looking to buy HGV - https://tugbbs.com/forums/threads/apollo-group-looking-to-buy-hgvc-merged.294385/ or https://tugbbs.com/forums/threads/apollo-diamond.314104/

Thank god I was able to give my two 2 bedroom suites for Christmas and New Years Polo Towers weeks away. What an effing albatross TS are as an owner. Nothing like being a member of Interval and RCI to buy weeks to use for pennies on the dollar. Diamond was the worse experience with the narcissistic buffoon who was CEO before.

 

[chaparrusa]

Diamond resorts , i do avoid , they all have a resort fee + some are charging a mandatory housekeeping fee . you can always find them on hotels.com and then you can stay just for a few days as you need to ,not a big deal at all . Westgate ,Diamond and Bluegreen are by far the worst timeshare companies in the industry .

 

[ocdb8r]

This only works if the exchange rate is low. If they charge high points like we have seen with HGVCs recent additions in Cabo, and newer properties in the mini-system, then there is not much value to an exchange. The lines between an affiliate in a mini-system, and an exchange are blurring.

It's all about perspective; the high point value resorts in HGVC are becoming the norm. It won't be long before the "original" resorts represent the minority of owners (and thus the new majority won't see any value problem).

For the developer and management company the timeshare model is a brilliant one; recurring revenue streams into perpetuity;

It's not purely the revenue stream that makes it unique...it's a combination of guaranteed management contracts via maintaining control of HOAs as well as guaranteed occupancy that far exceeds the average of nearly any regular hotel.

 

[dougp26364]

I find myself wondering if Diamond's online reservation system is any better than the horror that is HGVC's.....

I always thought DRI’s website was relatively easy to use when we were owners. IMO it was a darn site better than HGVC’s site.