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HGV Max - Diamond Integration Discussion in Owner Update

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Eric B

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Resorts Owned
Massanutten, Wyndham, WorldMark, Vistana, Marriott Los Sueños, Vidanta, Flora Farms, HGVC Max, and some independents
Attended my first Hilton update in NY today (1/16/22) as an all resale owner (thanks for the $250 towards MFs for 30 minutes). Salesman was pushing trading in my gold 1 BR at The District for a Platinum studio at The Quin for $26K. Part of the pitch was inclusion of the upcoming HGV Max program for DRI integration. Rumors only at this point of availability at 6 months to all properties, but no indication of finality. When I asked what they had in writing, he showed me a copy of an official looking waiver that they've added to new contracts disclosing the name and that it's in planning stages, of note it indicates that no purchase will be required to enroll for a limited period. Salesman said it would be announced April 1, perhaps not realizing the irony of that date to a sales pitch.
 

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If this were true, it would not be of much benefit to HGVC owners. People in The Club in Diamond Resorts can reserve units at 10 months out. Most of the best weeks are gone by 9 months out. Although... The Point at Poipu currently shows LOTS of inventory in March and April 2022, and the Kaanapali Beach Club has decent April inventory. Nothing available for June July beginning of August. Perhaps at 6 months there might be some nice resorts/weeks available at Diamond Resorts properties.
 
Thanks for sharing. This sounds vague. Frankly for $26k I could rent a lifetime of Diamond units on Redweek or Hilton.com with zero MF obligation. IMHO...Beyond HGVC there are not many places on the Diamond list that would create usage of $26k for our situation. It would be cheaper to pick up a resale Diamond week.

Did they say that the reason you couldn't automatically participate was because you were resale only? i.e. can people with developer purchases automatically participate? If they require a developer upgrade, that is a non-starter for us. Especially since we already own a developer unit - that would be totally screwing over anyone who purchased developer unit in the past - and I would not be happy about that.
 
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Thanks for sharing but honestly that waiver does guarantee anything. In fact, it is just the opposite. That document is stating that at this time the two products remain separate and there is no assurance that such future benefits may be available.

I believe that @chemteach perspective is also very germane to the rumor that HGV members will have access to DRI at the 6-month mark rumor. I know that I wouldn't like access to HGV bookings at the 6-month mark. You would only get the leftovers that no one wanted.
 
Nowaker said:
ProTip:
View attachment 45346
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Yes, I know, but I've had "disagreements" in the past with how that group is run. I was just pointing out that anyone who doesn't have a Facebook account, or doesn't want to join the group, can't see what is posted.
 
I see several HGVC groups on FB. Can someone describe the focus/pros/cons of each group? (I am not a fan of FB and login once in a blue moon, but will lurk if there is value).

The FAQ are interesting. it would be nice to see a description of the program but I guess we will have to wait.
 
CalGalTraveler said:
I see several HGVC groups on FB. Can someone describe the focus/pros/cons of each group? (I am not a fan of FB and login once in a blue moon, but will lurk if there is value).

The FAQ are interesting. it would be nice to see a description of the program but I guess we will have to wait.
Click to expand...

Wait. It is all speculation and sales pitch.


Sent from my iPhone using Tapatalk
 
CalGalTraveler said:
I see several HGVC groups on FB. Can someone describe the focus/pros/cons of each group? (I am not a fan of FB and login once in a blue moon, but will lurk if there is value).
Click to expand...

https://www.facebook.com/groups/HGVCowners/ - just a general HGVC group, more active than TUG but less technical/knowledgable
https://www.facebook.com/groups/1047361228780071 (Hilton Grand Vacation Club resale bulletin board) - purchases and sales of deeds - but very focused on everything Judi Koz
https://www.facebook.com/groups/timeshare.resales - general resales
https://www.facebook.com/groups/timeshareusersgroup - mostly a marketing channel for Brian to funnel people to TUG ;)

I'd say that first group + TUG are a good mix.
 
ccwu said:
Wait. It is all speculation and sales pitch.


Sent from my iPhone using Tapatalk
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Exactly! Except that they’ve put something in writing that there is a program under consideration to integrate both clubs, something we already knew. All this does is absolve Hilton of any promises a salesman has made if it doesn’t get done or, if whatever the salesman promised isn’t the finished product, but it does it in such a way as to create a sense of urgency to buy something now.

NEVER buy on a promise. Wait until you see the final product. That’s the only way you’ll know if it’s something worth making a very expensive retail purchase. If they have something you really want and you’re willing to pay the price, buy it, but buy it based solely on the merit of what is before you, not what might be down the road. Remember, once the rescind period passes, you’re pretty much stuck with what you’ve purchased today.

It is a unique spin to create a sense of urgency. I’ll give them that much.
 
@doug2634 You are exactly right. Frankly, because it has a January 14 grandfather date it makes anyone who purchased developer in 2021 or prior feel like suckers. This may be a sales ploy. What this would do for me is to say, "Now I have proof that I need to wait until April 1 announcement to understand what this means."
 
dougp26364 said:
NEVER buy on a promise. Wait until you see the final product.
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dougp26364 said:
It is a unique spin to create a sense of urgency.
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I agree with @dougp26364. I just read on one of the FB groups that the minimum purchase/upgrade is 4K HGV pts to be part of this new HGV Max program. So that is ~ $28K minimum.

I will be at Sunrise Lodge in less than 3 weeks. I will see what I can find out from an owner's update (as long as they offer $250 MF credit).
 
Wow. $28k is a lot of money for 4k points unless that buys a lot of Diamond top resort use. @GT75 I look forward to hearing what you learn.

Wondering whether this program is intended for Diamond owners to participate in HGVC instead of HGVC owners into Diamond? Also wondering if it is for resale buyers. That would make a lot more sense because that would be like a requal in Marriott Vacation Club terms. i.e. to gain access to the entire points system you need to have a minimum developer purchase. However, even MVC grandfathered their developer purchased units pre-2010 so I would be disappointed if HGVC didn't do the same for this program.

Note: I haven't had time to read the details of the FAQ so perhaps the answers to this are contained in that doc.
 
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We are at Sunrise next week. I'll see what I can find out. We just upgraded our Sunrise unit last year to a 2 BR and have another deed in Las Vegas. I hope they are not planning to require 4000 more points!
 
CalGalTraveler said:
I look forward to hearing what you learn.
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Don't get your hopes up too much. I would still take anything that we hear as pure speculation at this point. I want to see it in the HGV rules first (honestly, that could also change later on)
 
GT75 said:
I agree with @dougp26364. I just read on one of the FB groups that the minimum purchase/upgrade is 4K HGV pts to be part of this new HGV Max program. So that is ~ $28K minimum.

I will be at Sunrise Lodge in less than 3 weeks. I will see what I can find out from an owner's update (as long as they offer $250 MF credit).
Click to expand...

On the documents that @Nowaker shared, #8 says that “There will be several ways to buy into HGVMax in the future.” That would lead me to believe that it will be available as a standalone product (just like Mark Wang has said in the past couple of investor calls).

Sure, there’s a package that will be needed now, but that’s only to be grandfathered in. It says nothing on a cost ot points total on the FAQ (or what to say if a prospective client asks this question). Any other info said in a sales meeting not on this document is just typical salesman snake oil. That‘s if this is a real document. Like @CalGalTraveler says above, it would tell me that I have to wait until April 1st to see what the details are,

Wild Speculation Alert - Could HGVMax be a trust product? With opt ins and no mixed ownerships, it seems like it could be.
 
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I used to write these kinds of agreements for software companies (go ahead and judge me, it's ok). There's a lot that's NOT said here on purpose to create a FOMO and to encourage sales PRIOR to the official launch of HGV MAX. I personally would slow-roll this one and not get too excited.
 
dayooper said:
Wild Speculation Alert - Could HGVMax be a trust product? With opt ins and no mixed ownerships, it seems like it could be.
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If it is, I can't seem to find anything recorded yet in Orange County Florida. Now they could record the land trust elsewhere, but pretty much every timeshare company records their land trusts in Orange County.
 
This is why most companies don't share these things with their sales staff until such time they are ready to announce it to their ownership and public. Sales people tend to get sloppy to try to make a sale or prove something.
 
A leaked document and over eager sales team makes more sense. I would expect that with a major change like this, HGV would make a public announcement. including an email to all of the members about the new program. Creating buzz and excitement about the program would help get more people into the sales meetings in the first place.
 
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