HGVC Resale limited rights

[Gxrinder]

Hey all,

just attended a sales pitch at kings land with HGVC and was told that Hilton is restricting the benefits for all properties not bought from the developer. I was told “they only get the week they pay for and cannot transfer points”.
Can anyone confirm the accuracy of this statement?
Thanks!

 

[SmithOp]

Typical sales BS.

If it were true, why would anyone buy something that would have very limited resale value?

PS welcome new poster, this lie comes up often here on reports from sales presentations.

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[TUGBrian]

Can anyone confirm the accuracy of this statement?
Thanks!

can certainly confirm its INaccuracy!

 

[Gxrinder]

Typical sales BS.

If it were true, why would anyone buy something that would have very limited resale value?

PS welcome new poster, this lie comes up often here on reports from sales presentations.

Sent from my Lenovo 10e using Tapatalk

If this is legit and there are no benefits to buying direct, then I will rethink my plan.

I did notice a part in the paperwork that says “Resale Restrictions: Certain privileges and benefits are reserved exclusively for Members with minim qualifying club points. Qualifying club points only apply to vacation interests acquired directly from Hilton Resorts Corporation or sellers determined by Hilton. Qualifying club pointsdo not apply to vacation interests obtained through or from 3rd party resellers or secondary market.”

So that’s what made it seem legit.

 

[JohnPaul]

Resale will not get you any elite status.

 

[SmithOp]

If this is legit and there are no benefits to buying direct, then I will rethink my plan.

I did notice a part in the paperwork that says “Resale Restrictions: Certain privileges and benefits are reserved exclusively for Members with minim qualifying club points. Qualifying club points only apply to vacation interests acquired directly from Hilton Resorts Corporation or sellers determined by Hilton. Qualifying club pointsdo not apply to vacation interests obtained through or from 3rd party resellers or secondary market.”

So that’s what made it seem legit.

as John Paul stated, the key word is "certain" benefits, those being the elite program, which has limited value. The use of resale points at any HGVC resort is not part of elite benefits, it's a club membership benefit.

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[HuskerATL]

Resale will not get you any elite status.

Depends on the resale....some do.....like Scotland. We have almost all resale and are Elite Premier.

 

[HuskerATL]

as John Paul stated, the key word is "certain" benefits, those being the elite program, which has limited value. The use of resale points at any HGVC resort is not part of elite benefits, it's a club membership benefit.

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And just to be clear, there are no "resale" points. Almost all weeks being sold are resale, just that HGVC is re....selling them again when someone has upgraded or they have gotten them back via ROFR, deed back, or something similar. Those "resale" HGVC then resells for the current market value....again but as a retail property and so far the only difference between their resale and resales from a third party are that MOST do not count for elite status and they will not qualify you for Max. Other than that, points are points. You get one bucket of points and when spending those points, the system doesn't know what points came from where. Some of the affiliate properties, such as Scotland, do count for elite when you buy from the HGV resale office there. They have a resale office that sells for the owners so you still buy from the current owner but HGVC UK is the broker. In that instance, it does count toward elite and, in some rare cases, has counted for Max.

Resale will cost you about 10% of the retail purchase but you get the same use out of them, with those couple exceptions. You can still use the points at any resort anytime, you get access to open season, etc. Now, HGV "could" remove some of the perks at some point but the spending part to reserve weeks within the HGV system will not change.

 

[ljmiii]

I was told “they only get the week they pay for and cannot transfer points”.

Strictly speaking, this is true. The resale buyer only gets the week (with associated points) that they pay for - they don't get any bonus points as they would with a direct purchase. And as a resale buyer they cannot transfer points...but then again neither can a direct buyer. HGVC took away that ability a few years ago.

So your salesperson wasn't *lying*...they just strongly implied something that wasn't true. Which I suppose is an improvement...;-)

 

[dioxide45]

If this is legit and there are no benefits to buying direct, then I will rethink my plan.

I did notice a part in the paperwork that says “Resale Restrictions: Certain privileges and benefits are reserved exclusively for Members with minim qualifying club points. Qualifying club points only apply to vacation interests acquired directly from Hilton Resorts Corporation or sellers determined by Hilton. Qualifying club pointsdo not apply to vacation interests obtained through or from 3rd party resellers or secondary market.”

So that’s what made it seem legit.

One benefit of buying direct is access to HGV Max. Resale doesn't come with that!

 

[BingoBangoBongo]

One benefit of buying resale is apparently you don’t get invited to Sales presentations.

 

[Gxrinder]

Ok so buying resale from a reseller not affiliated with Hilton, loses me 2 things: Elite status and Max. I was looking at a lower tiered package. So based on Hilton’s website, I wouldn’t get elite anyhow. Max… I can really seem to find what the true benefits are. Diamond resorts, but I hear they’re on RCI.

We want to buy in Hawaii, maybe Kings Land, for the home property advantage when booking. If that’s not effected and I can still book other hotels on Hawaii buying an unofficial resale unit… then this may save me $10k. Lol.
Thanks for all the info so far

 

[ljmiii]

We want to buy in Hawaii, maybe Kings Land, for the home property advantage when booking. If that’s not effected and I can still book other hotels on Hawaii buying an unofficial resale unit… then this may save me $10k. Lol.

So...buying at the Lagoon Tower on O'ahu for the Home Week booking advantage makes perfect sense (particularly if you want to stay during peak times). The point costs compared to other HHV properties are quite low and so it books first. Also, the Lagoon Tower is closest to the beach and the Oceanfront villas are very nice.

I'm less familiar with the competitive aspects of Kings Land except to say that the low point cost 3BRs can be quite difficult to book using Club points during school vacations and so buying one of those would make sense if you know you want to book Home Week reservations. On the other hand, the Premier 2BRs have a very good point/$MF ratio and I assume the same would be true for the Premier 3BRs. However I have no idea what the asking prices for King's Land are currently.

 

[dayooper]

Ok so buying resale from a reseller not affiliated with Hilton, loses me 2 things: Elite status and Max. I was looking at a lower tiered package. So based on Hilton’s website, I wouldn’t get elite anyhow. Max… I can really seem to find what the true benefits are. Diamond resorts, but I hear they’re on RCI.

We want to buy in Hawaii, maybe Kings Land, for the home property advantage when booking. If that’s not effected and I can still book other hotels on Hawaii buying an unofficial resale unit… then this may save me $10k. Lol.
Thanks for all the info so far

What do you mean by lower tier? You get a better bang for your buck with platinum deeds. There are exceptions, but for the most part, you want the better season.

What are you looking to book at Kings Land that you need the home booking advantage? You might be able to get away with a lower cost, lower MF property at a different location (Vegas or Scotland). Remember that a home week reservation is not flexible at all. You can only book your week during the season you own in the room size/designation you own starting on the designated check in day for 7 days. Even if you own a platinum 2 bedroom at Kings land, but want to book a 3 bedroom or 1 bedroom, you would have to book in the club season to make that reservation. Also, if what you want can be booked fairly easily during the club season, you would be better off buying at a more cost and MF friendly resort.

 

[Gxrinder]

What do you mean by lower tier? You get a better bang for your buck with platinum deeds. There are exceptions, but for the most part, you want the better season.

By lower tiered, I meant lower points package due to the pricing. Still a platinum deed though.

 

[1Kflyerguy]

One benefit of buying direct is access to HGV Max. Resale doesn't come with that!

That is very true. It also something that many longtime HGV owners will discount as they need to actively buy into it. However anyone looking at HGV now would get that access for "free" with a developer purchase.

Some will value that perk, and other could care less about HGV MAX

 

[dayooper]

By lower tiered, I meant lower points package due to the pricing. Still a platinum deed though.

Since the cost will be considerably less (like 10% of the developer cost), my advice is to really look at how many points you need. Here's just a few things to think about:

1. How many people will you traveling with? What size room would work the best for you?

2. Cost aside, how often do you want to travel?

3. Do you want higher level rooms? Do you want rooms with a great view, close to the water or maybe a little higher level of luxury?

4. Do the properties you want to travel to have higher points to reserve?

You can get a low MF platinum 2 bedroom deed worth 11,200 points for less than $8000 out the door.

 

[brp]

One benefit of buying direct is access to HGV Max. Resale doesn't come with that!

If, of course, one considers that a benefit

OP - yes, they can take away everything not int eh contract, which only guarantees your week, as they said. They could even remove things retroactively, legally, from what I understand. None of us believe that they will.

They could restrict things in the future. as other TS systems have done. Really unlikely that they'd remove benefits from current owners but, theoretically, it could happen.

Cheers.

 

[HuskerATL]

That is very true. It also something that many longtime HGV owners will discount as they need to actively buy into it. However anyone looking at HGV now would get that access for "free" with a developer purchase.

Some will value that perk, and other could care less about HGV MAX

But, there is still the ala carte $7k option to buy into Max. So, you can buy a cheap resale, pay the $7k fee, and then be in Max for less than a retail purchase.... Even better, but Scotland, get elite status, and pay $7k for Max... Win win.... If you want in Max. With the caveat, that they don't require you to have a retail property for that option

 

[Gxrinder]

1. How many people will you traveling with? What size room would work the best for you?

2. Cost aside, how often do you want to travel?

3. Do you want higher level rooms? Do you want rooms with a great view, close to the water or maybe a little higher level of luxury?

4. Do the properties you want to travel to have higher points to reserve?

1. Typically just 2 others, wife and toddler, until the family expands.
2. I’d like to have 1-2 good family trips per year. Hawaii will be a frequent destination for us, as well as Japan. We stay with relatives in Japan, but having the option to go somewhere for a few days with the whole family (5-12 depending on schedules) would be awesome.
3.We want space. 1 bedrooms > studio for now. Nothing super fancy, but something more spacious with nice amenities.
4.Thats a great question that I need to answer. Big Island Hawaii and Maui are probably going to be our top 2 destinations. Which is why I’d like to home base out of there… unless it truly does not matter.

 

[Gxrinder]

Still trying to figure out what the big deal with MAX is. Everything I read about it seems… ambiguous at best

 

[dayooper]

1. Typically just 2 others, wife and toddler, until the family expands.
2. I’d like to have 1-2 good family trips per year. Hawaii will be a frequent destination for us, as well as Japan. We stay with relatives in Japan, but having the option to go somewhere for a few days with the whole family (5-12 depending on schedules) would be awesome.
3.We want space. 1 bedrooms > studio for now. Nothing super fancy, but something more spacious with nice amenities.
4.Thats a great question that I need to answer. Big Island Hawaii and Maui are probably going to be our top 2 destinations. Which is why I’d like to home base out of there… unless it truly does not matter.

You can look at 1 bedroom platinum units, but I recommend a 2 bedroom platinum. You should be able to book the Big Island in the club season but Maui is so new that I’m not sure. A less expensive Vegas or Scotland deed would fill your needs easily.

 

[HuskerATL]

Still trying to figure out what the big deal with MAX is. Everything I read about it seems… ambiguous at best

Basically, just access to more resorts. There are about 10 available right now for HGVC Max folks. I don't think the DRI Max folks have access to HGVC yet.

 

[ljmiii]

...Big Island Hawaii and Maui are probably going to be our top 2 destinations. Which is why I’d like to home base out of there… unless it truly does not matter.

We go to the Big Island relatively frequently and as long as you don't need an inexpensive 3BR and are able to book 276 days in advance getting into one of the Waikoloa resorts isn't a problem. King's Land has nice pools and Bay Club has enormous villas - we've stayed in and very much enjoyed both. Kohala is something of a compromise but I would avoid the Ocean Tower unless you want a 'never leave the resort and enjoy the onsite pools and restaurants' kind of vacation.

For us doing a Club Reservation stay at Waikoloa has the added advantage of allowing us to stay for 4 nights at the cheap weekday rate and then enjoying a weekend on Hilo side and/or Volcano.

Maui is a very different situation as the HGVC resort is new and still under construction - demand vastly outweighs supply. I have no idea if a resale market for Maui exists yet.

...as well as Japan. We stay with relatives in Japan, but having the option to go somewhere for a few days with the whole family (5-12 depending on schedules) would be awesome...

We've always ignored the Japanese HGVC resorts because they are located in more or less rural vacation destinations...but for someone for whom visiting Japan is comparatively commonplace they could be a great option.

 

[PigsDad]

3.We want space. 1 bedrooms > studio for now. Nothing super fancy, but something more spacious with nice amenities.

Just an FYI: most if not all HGV locations have a max occupancy of 2 for studio units, so for your family the smallest unit you will be reserving is a 1BR. That will help you when determining how many points you may require.

Kurt