Question about canceling Hyatt Vacation Club Time Share

[sue1947]

However, is there a timeshare that most people generally feel positive about?

Depends on your personal desires as to where and how you will be using them. Go to this thread: Newbie questions. and answer the questions. Then we can provide better answers. The bottom line is; how nice of units and where do you want to go? If you are tied to a school holiday week at the same location each year, then you are looking for a fixed week. Are you flexible and can travel for shorter than a week and midweek or off season? Then you are looking at a points system. Do you want mountains or beaches? Which part of the country? Do you want on site activities or not?
Look at who has the resorts in the locations you want to go. Mostly, though, take your time and maybe try renting in a few different systems to see what you want/need.

 

[rickandcindy23]

I’m new to this forum and to timeshares in general, so please excuse my ignorance. However, is there a timeshare that most people generally feel positive about? Or is there a thread on this forum that someone can point me to discussing the pros and cons of the various timeshares?

Thank you in advance.

I feel very positive about deeded weeks at Sheraton Broadway Resort (Myrtle Beach), float weeks 9-43 and 47. I also love Sheraton Desert Oasis in AZ.

I love Marriott platinum weeks, but we only own in Palm Desert (Shadow Ridge), Willow Ridge (Branson) and Grand Chateau (Vegas). I have no reason to buy more of any of them, even sold a few lately. I use them for exchange purposes in II. I have received fantastic trades for all of the weeks we own.

Never purchased Hyatt or Welk, but I love many of the resorts.

 

[dioxide45]

I’m new to this forum and to timeshares in general, so please excuse my ignorance. However, is there a timeshare that most people generally feel positive about? Or is there a thread on this forum that someone can point me to discussing the pros and cons of the various timeshares?

Thank you in advance.

You probably want to try the New to Timesharing forum and check out the survey and post your answers. You will get many responses as to what system may be best.

 

[bautista2006]

You probably want to try the New to Timesharing forum and check out the survey and post your answers. You will get many responses as to what system may be best.

Thank you!

 

[bautista2006]

I feel very positive about deeded weeks at Sheraton Broadway Resort (Myrtle Beach), float weeks 9-43 and 47. I also love Sheraton Desert Oasis in AZ.

I love Marriott platinum weeks, but we only own in Palm Desert (Shadow Ridge), Willow Ridge (Branson) and Grand Chateau (Vegas). I have no reason to buy more of any of them, even sold a few lately. I use them for exchange purposes in II. I have received fantastic trades for all of the weeks we own.

Never purchased Hyatt or Welk, but I love many of the resorts.

Thank you!

 

[ScoopKona]

Tell us what you really think, Jeremy!

Didn't used to be true, Hyatt was terrific, but I don't know what to think of the Welk/ Hyatt. Welk has some nice properties.

As I sit here in what I consider the best Hyatt property of them all, Hyatt hasn't changed for the legacy owners. All the Welk stuff and Portfolio stuff doesn't affect me -- or the rest of the legacy owners. Our system works the exact same way it did when we bought it.

Hyatt is the least-understood of any major timeshare system. And that's GREAT! Because there's enough competition as it is. If the average timeshare customer realized this system actually works as advertised, it would be considerably harder for me to sit here in what I consider to be the best Hyatt of them all, drinking free champagne. (Well, cava.)

 

[dioxide45]

Tell us what you really think, Jeremy!

Didn't used to be true, Hyatt was terrific, but I don't know what to think of the Welk/ Hyatt. Welk has some nice properties.

My reference to the Hyatt point program is their new portfolio trust points program. Not points for a deeded week. That older legacy program is very good.

 

[GTLINZ]

I am a deeded legacy HRC owner and love it. Likely the best system points that has ever existed, because you actually could use your deeded unit in your exact week (i.e. you searched for and bought corner unit at Sunset Harbor in winter) or just turn it in for points. Or buy a unit you will likely not use and turn it in for points.

 

[flyingsideshow]

I'm in the portfolio program and actually enjoy it and get good usage out of it. But I also live within a couple hours of the rockies and make last minute trips up there. If I didn't live close to three resorts I would probably be regretting my purchase.

 

[ScoopKona]

I'm in the portfolio program and actually enjoy it and get good usage out of it. But I also live within a couple hours of the rockies and make last minute trips up there. If I didn't live close to three resorts I would probably be regretting my purchase.

You could have had the same thing for considerably less.

And don't forget about Interval -- the system formerly known as HRC, and the portfolio system all leverage far better in Interval than they do for Hyatt exchanges.

 

[echino]

Under Hyatt brand, the only ownership worth considering is deeded weeks under the former Hyatt Residence Club - now called Hyatt Vacation Club Heritage Collection. Normally you can no longer buy those weeks from the developer. Resale is the only way to go.

You buy a fixed week / fixed unit at a resort that is guaranteed for you every year and that you can always reserve 12 to 6 months before check in, but you also get points with that week in case you don't want to use your fixed week. You can use points to book time at your resort other than your fixed week, book other Hyatt resorts, or exchange via Interval International. Only deeded weeks in high seasons are valuable because you get more points for a high season week compared to a mid or low season week, while paying the same maintenance fees. So choose your home resort and a high season week that you are likely to use often, and buy it resale.

 

[bautista2006]

Under Hyatt brand, the only ownership worth considering is deeded weeks under the former Hyatt Residence Club - now called Hyatt Vacation Club Heritage Collection. Normally you can no longer buy those weeks from the developer. Resale is the only way to go.

You buy a fixed week / fixed unit at a resort that is guaranteed for you every year and that you can always reserve 12 to 6 months before check in, but you also get points with that week in case you don't want to use your fixed week. You can use points to book time at your resort other than your fixed week, book other Hyatt resorts, or exchange via Interval International. Only deeded weeks in high seasons are valuable because you get more points for a high season week compared to a mid or low season week, while paying the same maintenance fees. So choose your home resort and a high season week that you are likely to use often, and buy it resale.

You did an excellent job in explaining this. Thank you!

 

[mjm1]

You did an excellent job in explaining this. Thank you!

Take a look at redweek.com for Hyatt Residence Club. Hyatt Pinon Pointe is a good potential resort as the maintenance fees are still the lowest in the Hyatt system. High seasons are Diamond and Platinum.

Another great resource is Bill Gabrielli. He is a broker who specializes in Hyatt resorts. You will see his name on some postings on redweek, but if you want to speak with him his number is 775-690-2653. He lives in the pacific time zone.

 

[ScoopKona]

Hyatt Pinon Pointe is a good potential resort as the maintenance fees are still the lowest in the Hyatt system.

And there's an almost-zero percent chance of a natural disaster ruining your purchase. From a trading perspective, it's the best resort in the system.

 

[bautista2006]

Take a look at redweek.com for Hyatt Residence Club. Hyatt Pinon Pointe is a good potential resort as the maintenance fees are still the lowest in the Hyatt system. High seasons are Diamond and Platinum.

Another great resource is Bill Gabrielli. He is a broker who specializes in Hyatt resorts. You will see his name on some postings on redweek, but if you want to speak with him his number is 775-690-2653. He lives in the pacific time zone.

Thanks!

 

[bautista2006]

Hi. Wanted to provide an update. So, after several emails to the various email addresses I found online and a couple of faxes, I got a phone call today from someone at the HVC confirming that they got my letter and faxes, that my contract is rescinded and that they are in the process of refunding my deposit. The rep said it could take up to 20 business days, but it will likely be sooner. That call was followed up with an email stating the same.

Although I understand that they were not required to do this, it feels so much better now that I have that confirmation and I definitely feel more at peace.

Thank you to everyone who has provided advice so far. I am very appreciative.

 

[bautista2006]

I got my deposit back today! Feeling ecstatic!

 

[Guitarmom]

By the way, went on eBay, as suggested, and saw a listing for 240k points every year for $25. Seller pays closing costs and maintenance fees for 2024. Buyer would be responsible for maintenance fees until 2025. The seller has 100% positive reviews, so this seems legit. Are people that desperate to get rid of this timeshare? It makes me a little wary…

When the Welk family owned the timeshare, a deal like this would trigger the Right of First Refusal (ROFR). The Welk Corporation would say, "Nope. You, Mr. Buyer, cannot have the points for that low of a price. Mr. Seller, we, the Welk Corporation, will buy your 240k points for $25." The Welk Corporation would then turn around and sell those 240k points for $40,000.

I do not know if Hyatt is exercising its ROFR. The risk is to the buyer, who is looking for a good deal and loses it. The corporation gets more points to sell, the seller no longer has to pay maintenance fees, but the buyer has to keep looking for a deal. So if you're willing to risk Hyatt exercising ROFR, go for it!

 

[bautista2006]

When the Welk family owned the timeshare, a deal like this would trigger the Right of First Refusal (ROFR). The Welk Corporation would say, "Nope. You, Mr. Buyer, cannot have the points for that low of a price. Mr. Seller, we, the Welk Corporation, will buy your 240k points for $25." The Welk Corporation would then turn around and sell those 240k points for $40,000.

I do not know if Hyatt is exercising its ROFR. The risk is to the buyer, who is looking for a good deal and loses it. The corporation gets more points to sell, the seller no longer has to pay maintenance fees, but the buyer has to keep looking for a deal. So if you're willing to risk Hyatt exercising ROFR, go for it!

That part doesn’t seem like a huge risk to me. What seems like a bigger risk is getting stuck with something I’m very unhappy with and then not being able to get rid of it. Seeing others practically giving away these timeshares, and sometimes even adding a gift card to get red of it, is a little scary.

 

[AJCts411]

If someone just wants to get out of their points or deeded timeshare, I don't see Marriott exercising ROFR an issue. After all that was the goal. ROFR also in a way establishes a baseline value (if thats the right word lol) I know that Marriott surprisingly just passed on ROFR for 3 weeks at HSH...something like 2500 ea. This may be to the low (could of been a loss) performance of MVC, don;t know.

 

[nodnarb180]

I got my deposit back today! Feeling ecstatic!

Awesome! I'm in a similar boat (signed contract on 12/29 and sent rescission fax and certified/return receipt via USPS today). Did they refund back to your credit card? Did you send anything besides the signed/dated cancellation form provided in the paperwork? I have until EOD Friday (1/5) to rescind and I want to make sure I've not missed anything. Thank you!

 

[bautista2006]

Awesome! I'm in a similar boat (signed contract on 12/29 and sent rescission fax and certified/return receipt via USPS today). Did they refund back to your credit card? Did you send anything besides the signed/dated cancellation form provided in the paperwork? I have until EOD Friday (1/5) to rescind and I want to make sure I've not missed anything. Thank you!

Yes. They refunded my credit card. They did not send me anything back, or at least not yet.

Aside from sending the letter via certified mail/ return receipt requested, I sent emails to several addresses I found online that seemed pertinent. Because I had not heard from them at all, I also disputed the charge with my credit card. I’m not sure exactly what triggered it, but I eventually got a call from someone from their customer support team who confirmed they had received my letter, multiple faxes and emails and that my contract was deemed cancelled. He then sent me a confirming email.

 

[nodnarb180]

Yes. They refunded my credit card. They did not send me anything back, or at least not yet.

Aside from sending the letter via certified mail/ return receipt requested, I sent emails to several addresses I found online that seemed pertinent. Because I had not heard from them at all, I also disputed the charge with my credit card. I’m not sure exactly what triggered it, but I eventually got a call from someone from their customer support team who confirmed they had received my letter, multiple faxes and emails and that my contract was deemed cancelled. He then sent me a confirming email.

Awesome, thank you!

 

[nodnarb180]

Yes. They refunded my credit card. They did not send me anything back, or at least not yet.

Aside from sending the letter via certified mail/ return receipt requested, I sent emails to several addresses I found online that seemed pertinent. Because I had not heard from them at all, I also disputed the charge with my credit card. I’m not sure exactly what triggered it, but I eventually got a call from someone from their customer support team who confirmed they had received my letter, multiple faxes and emails and that my contract was deemed cancelled. He then sent me a confirming email.

Any chance you can share the address you mailed your cancellation form to? I faxed and sent via certified mail, but the tracking notes said it couldn't be delivered today because the business is closed. I sent the form to WVH Resort Groups, Inc. 300 Rancheros Drive, Suite 310 San Marcos, CA 92069 and faxed to 760-651-3248.

 

[bautista2006]

Any chance you can share the address you mailed your cancellation form to? I faxed and sent via certified mail, but the tracking notes said it couldn't be delivered today because the business is closed. I sent the form to WVH Resort Groups, Inc. 300 Rancheros Drive, Suite 310 San Marcos, CA 92069 and faxed to 760-651-3248.

That is the address and fax number where I sent my cancellation letter.