HGV agrees to purchase BlueGreen Vacations

[dioxide45]

Well, it is official...Mark Wang just sent an email out. They will be "managed" properties though...

View attachment 83706

What does "managed" mean? All their resorts are "managed".

 

[HuskerATL]

 

[Mowogo]

Time will tell what (if anything) HGV decides to make of DeX.

IMHO, RCI has done all they can to maximize profits/revenue from increasing exchange fees. They have to engage in major discounting (including on exchange fees) now to move much of the inventory that is less than prime. RCI is going to have to cut costs, modernize, and get much more efficient if it wants to be anything more than a white dwarf remnant of a star that was once was bright.

The RCI discounting is why I will actually get value out of my generic RCI. Even with the $25 daily resort fee, it can work out cheaper than using my HGVC points sometimes when they discount. Took advantage of that for my CES booking this coming January.

What does "managed" mean? All their resorts are "managed".

Means HGV gets a management fee for running the resort vs providing rules that the resort has to own using whatever management company they want.

 

[sponger76]

Aside from 3 star quality, what is the general condition of these units? Is HGV going to have to massively renovate like some of the HVC that had deferred maintenance under Diamond's leadership? If so that could be a financial drag on everyone in the system.

It can very greatly from property to property. Some are in fantastic shape and are great quality. Others, not so much...

 

[jmann]

View attachment 83707

New marketing approach. Offered dinners, concerts, golf tournament tickets at a reduced cost to encourage max.

 

[HuskerATL]

What does "managed" mean? All their resorts are "managed".

some are owned by HGV, some are managed, and some are affiliates. The SC properties are managed so have restrictions on them like Strand gets ROFR and you can only trade in a SC for another SC property. Craig Lodges is managed but also an affiliate...when you buy there, you own at Craig Lodges but HGV could pull out anytime.

 

[cdrusnret]

Here are the locations. Mainly USA. A lot of East Coast (which addresses the criticism of some TUG posters about HGVC). Not much out west. Some look interesting e.g. Big Sky. And Aruba.

There was no key as to what the brown vs. green dots mean...

BG also owns Manhattan Club which adds more to the NYC portfolio.

View attachment 83705

Browse Our Vacation Locations | Bluegreen Vacations

Browse all Bluegreen vacations resorts, locations, and destinations.

www.bluegreenvacations.com

Orange dots are Bluegreen resorts. Green dots are "associate" resorts, where Bluegreen doesn't own the resort outright, but only a limited number of rooms. Aruba is a very, very popular associate resort.

 

[CalGalTraveler]

What does "managed" mean? All their resorts are "managed".

Hmm...Sounds like BG does not own the underlying real estate. HGVC has several managed properties such as Craig Lodges, several Carlsbad and South Carolina. Some of the Gulf properties might also be managed vs. owned.

 

[HuskerATL]

Just the other day, I was thinking, "boy, I really wish there was a partnership with Bass Pro Shops to maximize my HGV ownership".....

 

[brp]

We've also enjoyed Daytona Seabreeze, the Marquee in New Orleans, Grand Villas in St. Augustine, and others.

The one that caught my interest was New Orleans as this is a favorite for us. Of course, even with Max, we'd never get the times we want as they are around popular events like Jazz Fest.

Cheers.

 

[hurnik]

I had a Blue Green timeshare that I was finally able to deed back (only took 2 years), although that one traded into Interval (although not very well, never got a single hit on any of my OGS ever, so all I was able to use it for was leftovers). If this is "managed by" it sounds like it'll be like their SW florida affiliates?

Either way it didn't really look like anything I'd trade into (I got the Blue Green because it was a free "sale" and used strictly as an Interval trader).

 

[sponger76]

Just the other day, I was thinking, "boy, I really wish there was a partnership with Bass Pro Shops to maximize my HGV ownership".....

Where else are you going to get the gear you need to go fishing in the Bellagio fountain while staying at The Boulevard or Elara?

 

[escanoe]

This consolidation in the timeshare world is going to continue, possibly even accelerate over the next few years.

What is the largest system left standing outside the big three (Marriott, HGV, Wyndham)?

I had felt fairly confident that Vacation Village was not likely to be absorbed into something else, but not so much anymore.

 

[sponger76]

The one that caught my interest was New Orleans as this is a favorite for us. Of course, even with Max, we'd never get the times we want as they are around popular events like Jazz Fest.

Cheers.

There are two locations in New Orleans, The Marquee and Club La Pension. I heard Marquee was nice, but I never visited. I stayed at La Pension, and while the location was convenient we had problems with the units. I say units because they had to move us after my wife turned on the shower and the shower head shot off of the wall at her. The unit they moved us to, the door lock malfunctioned before we could even move in and it took a couple of hours to fix. Plus both the common areas and units felt small and cramped, although they did have some interesting, funky N.O.-vibe decor.

 

[Mowogo]

The one that caught my interest was New Orleans as this is a favorite for us. Of course, even with Max, we'd never get the times we want as they are around popular events like Jazz Fest.

Cheers.

At times I would say that a generic exchanger might have better luck during popular events. I ended up using a Vacation Village Grandview to exchange into Desert Club for the F1 race in Vegas.

 

[CalGalTraveler]

Double posted

 

[HuskerATL]

double posted for some reason

 

[Mowogo]

There are two locations in New Orleans, The Marquee and Club La Pension. I heard Marquee was nice, but I never visited. I stayed at La Pension, and while the location was convenient we had problems with the units. I say units because they had to move us after my wife turned on the shower and the shower head shot off of the wall at her. The unit they moved us to, the door lock malfunctioned before we could even move in and it took a couple of hours to fix. Plus both the common areas and units felt small and cramped, although they did have some interesting, funky N.O.-vibe decor.

I'm actually staying at the Marquee for Christmas, looks nice but i was only able to get a small room.

 

[CalGalTraveler]

What is the largest system left standing outside the big three (Marriott, HGV, Wyndham)?

I had felt fairly confident that Vacation Village was not likely to be absorbed into something else, but not so much anymore.

Portions of cruise ships. Look at all of those loyal cruisers spending big bucks on cruises.

I think there is going to be overcapacity in the coming year or two as Covid revenge travel subsides. I am already receiving a lot of deeply discounted cruise offers - not enough time to travel.

It would work similar to how HGVC bought condos at Trump in Vegas. Run by Trump company but condos owned by HGVC. I could see similar for cruises. However I am not sure it would be as profitable as managing physical resorts where others own the real estate.

 

[HuskerATL]

Looks like HGV is taking a different approach than Delta. Delta has really been focused on the Delta 360, first class passenger folks, where HGV seems to be more focused on the Bass Pro Shop/NASCAR crowd.....not that the two crowds don't intersect but probably a very small intersection of the Venn diagram.

 

[CalGalTraveler]

duplicate

 

[escanoe]

Just the other day, I was thinking, "boy, I really wish there was a partnership with Bass Pro Shops to maximize my HGV ownership".....

Wonder how many people wanting to purchase a bass boat would be willing to attend a timeshare presentation in the corner office at Bass Pro? Perhaps, we will have another place to spend our elevated rewards dollars?

 

[dioxide45]

Means HGV gets a management fee for running the resort vs providing rules that the resort has to own using whatever management company they want.

So this is similar to 90% of the resorts HGV has now. These will be easy to fold into HGV Max.

 

[dioxide45]

Wonder how many people wanting to purchase a bass boat would be willing to attend a timeshare presentation in the corner office at Bass Pro? Perhaps, we will have another place to spend our elevated rewards dollars?

As I understand, they would pitch a discounted timeshare stay. Any presentation would take place later at the resort.

 

[dioxide45]

Here are the locations. Mainly USA. A lot of East Coast (which addresses the criticism of some TUG posters about HGVC). Not much out west. Some look interesting e.g. Big Sky. And Aruba.

There was no key as to what the brown vs. green dots mean...

BG also owns Manhattan Club which adds more to the NYC portfolio.

View attachment 83705

Browse Our Vacation Locations | Bluegreen Vacations

Browse all Bluegreen vacations resorts, locations, and destinations.

www.bluegreenvacations.com

Aruba has a green dot. That must mean something different and harder to book?