How much do I expect to pay to get a bHC close to 10cpp?

[iftravel]

Perhaps it’s too ambitious (or too cheap) on the budget but hope it’s <10k all included. Any chance? I know you guys all have smoking deals so curious where to look.

 

[Eric B]

You would be looking for a studio penthouse at The Quin for the NYC ones; I think there are a few other unicorns at the other resorts. They don't come up resale all that often and do go for a bit more than $10K. Outside of NYC, the bHC units at Elara or La Pacifica have low MFs. They don't have the reciprocal booking windows in the current Club Rules but the points are fungible in the current IT implementation. I believe that Elara bHC has an owners lounge but don't think there's one at La Pacifica. IMHO, though, it's not really worth seeking out one of those deeds unless you're planning on using it as a home resort you visit; the point fungibility is not guaranteed to exist in the future and you would be paying a premium for points to use elsewhere in Club season - the one benefit that you'd get would be all inclusive reservations.

 

[iftravel]

You would be looking for a studio penthouse at The Quin for the NYC ones; I think there are a few other unicorns at the other resorts. They don't come up resale all that often and do go for a bit more than $10K. Outside of NYC, the bHC units at Elara or La Pacifica have low MFs. They don't have the reciprocal booking windows in the current Club Rules but the points are fungible in the current IT implementation. I believe that Elara bHC has an owners lounge but don't think there's one at La Pacifica. IMHO, though, it's not really worth seeking out one of those deeds unless you're planning on using it as a home resort you visit; the point fungibility is not guaranteed to exist in the future and you would be paying a premium for points to use elsewhere in Club season - the one benefit that you'd get would be all inclusive reservations.

Yeah the studio Penhouse at Quin or Residences sounds a good idea. Someone is selling them for 35k now - not sure if it's a good price but guess no brainer if can be had for 15k. Anyone got it any that level? Or perhpas I will consider a smallest MF package into bHC, such as a cheap EOY studio somewhere, on the other extreme.

I just like bHC's 32:1 and no nickle and diming on fees - it's like the Penhouse of HGVC. Will consider add some cheap HGVC points later.

 

[CalGalTraveler]

You have to run the numbers. IMHO to get < 10/cpp would require a larger upfront purchase price so there are trade-offs as to when you would breakeven. The problem with the EOYs are that you will never have enough points to get a decent reservation or to transfer points 32:1. bHCs are best for bHC.

Suggest buying where you want to stay to gain lounge access which is part of the experience. If that is not important, then why bother with Elara or non-NYC/DC because you don't get reservation window preference. Get the cheapest Club possible and trade in at 9 months.

For Club points it is more realistic to strive for =< 11/cpp because the < 10/cpp rule of thumb was established several years ago based on pre-inflation maint fees.

 

[Jamlam2025]

You have to run the numbers. IMHO to get < 10/cpp would require a larger upfront purchase price so there are trade-offs as to when you would breakeven. The problem with the EOYs are that you will never have enough points to get a decent reservation or to transfer points 32:1. bHCs are best for bHC.

Suggest buying where you want to stay to gain lounge access which is part of the experience. If that is not important, then why bother with Elara or non-NYC/DC because you don't get reservation window preference. Get the cheapest Club possible and trade in at 9 months.

For Club points it is more realistic to strive for =< 11/cpp because the < 10/cpp rule of thumb was established several years ago based on pre-inflation maint fees.

I was thinking about the less than 10 cent mf/point rule of thumb as well. This rule of thumb will need to be inflation adjusted.

 

[iftravel]

You have to run the numbers. IMHO to get < 10/cpp would require a larger upfront purchase price so there are trade-offs as to when you would breakeven. The problem with the EOYs are that you will never have enough points to get a decent reservation or to transfer points 32:1. bHCs are best for bHC.

Suggest buying where you want to stay to gain lounge access which is part of the experience. If that is not important, then why bother with Elara or non-NYC/DC because you don't get reservation window preference. Get the cheapest Club possible and trade in at 9 months.

For Club points it is more realistic to strive for =< 11/cpp because the < 10/cpp rule of thumb was established several years ago based on pre-inflation maint fees.

Yeah, all makes sense. Club points at that level is also 4-5k so I was asking if bHC can be had for <10k. I am extemely patient... lol.

 

[TolmiePeak]

Yeah, all makes sense. Club points at that level is also 4-5k so I was asking if bHC can be had for <10k. I am extemely patient... lol.

Sure you won't get nickel and dimed on reservation fees but it takes an awful lot of nickels to add up to ten thousand dollars. Have you calculated how long it will take you to break even?

 

[iftravel]

Sure you won't get nickel and dimed on reservation fees but it takes an awful lot of nickels to add up to ten thousand dollars. Have you calculated how long it will take you to break even?

Actually no. 10k is the max amount I am willing to spend so I don't have to calculate. lol.

BTW, 32:1 anytime is another reason I like to pursue bHC first. It's a pain to think about dealing with left-over or points you cannot use. No brainer just roll everything into your HH balance at the end of year with bHC.

 

[Eric B]

I wouldn't buy any TS for access to hotel loyalty point conversion. The value is far from guaranteed and the TS is forever. It's actually a decent value for me now with a couple of Quin SPH weeks, but I view that as an extra that could easily go away. If you want hotel loyalty points, buy them.

 

[iftravel]

I wouldn't buy any TS for access to hotel loyalty point conversion. The value is far from guaranteed and the TS is forever. It's actually a decent value for me now with a couple of Quin SPH weeks, but I view that as an extra that could easily go away. If you want hotel loyalty points, buy them.

Very true but I plan to use it to manage leftover points with no-hassle - is there another good way? With DVC, I can rent out leftover points easily.

 

[CalGalTraveler]

Isn't there a fee to transferring points to HHonors? (Its been a while but I thought that there is a fee that may overrun the value of the remaining points.)

 

[Eric B]

Isn't there a fee to transferring points to HHonors? (Its been a while but I thought that there is a fee that may overrun the value of the remaining points.)

There is a fee but for the higher tier elite or Max owners it’s free.

 

[iftravel]

There is a fee but for the higher tier elite or Max owners it’s free.

Free for any bHC unless I misread, right?

 

[CalGalTraveler]

There is a fee but for the higher tier elite or Max owners it’s free.

If I recall correctly it only applies to Legacy Elite Premier and Max, we are Elite Plus so AI only covers reservation fees AFAIK. This buyer only wants to buy bHC resale so won't qualify for either program AFAIK

 

[SmithOp]

Very true but I plan to use it to manage leftover points with no-hassle - is there another good way? With DVC, I can rent out leftover points easily.

What are leftover points, I've never had any

ABB! Always be borrowing!

 

[TolmiePeak]

Very true but I plan to use it to manage leftover points with no-hassle - is there another good way? With DVC, I can rent out leftover points easily.

So if you have leftover points why would you buy another contract that gives you even more points to burn? $10k is quite a bit of money and unless you can quantify exactly the value you can get out of BHC deed I wouldn't pursue one. I would buy one too but no one here has ever been able to quantify the yearly benefits to make it pencil out for me.

 

[iftravel]

What are leftover points, I've never had any

ABB! Always be borrowing!

I always have leftover money. I do not like borrowing!

 

[Eric B]

I always have leftover money. I do not like borrowing!

His point was that borrowing points from a future year for use this year is free, while saving leftover points, or converting them to HH points, or depositing into RCI costs money. If you always use all your points in a year and borrow some from next year it is more efficient and will leave you with more leftover money. Always be borrowing points! would be a better way to put it.

 

[Eric B]

If I recall correctly it only applies to Legacy Elite Premier and Max, we are Elite Plus so AI only covers reservation fees AFAIK. This buyer only wants to buy bHC resale so won't qualify for either program AFAIK

In max, Premier Plus & Centum get free conversion.

 

[iftravel]

In max, Premier Plus & Centum get free conversion.

Ok so no free HH conversion for bHC. This lowers my temptation for bHC. AI is not ALL inclusive after all, no unlimited tequila shots.

 

[letsgobobby]

only reason to buy a ts is to use as a ts. imo only reason to buy a bhc is to use at that bhc. everything else gravy.

 

[mountainboy]

*Have seen STP, Platinum 8400k pts, annual at W57th, a NYC bHC are being given away for free, on many listings, even from brokers (+ upto 3100 in closing costs incl HGV activn fee etc)...

 

[TolmiePeak]

*Have seen STP, Platinum 8400k pts, annual at W57th, a NYC bHC are being given away for free, on many listings, even from brokers (+ upto 3100 in closing costs incl HGV activn fee etc)...

And even if they are free how many $79 reservation fees would you have to pay in order for a W 57th bhc contract to break even over a Las Vegas property 8000 point contract?

 

[BingoBangoBongo]

And even if they are free how many $79 reservation fees would you have to pay in order for a W 57th bhc contract to break even over a Las Vegas property 8000 point contract?

I initially thought 10-11000 points per year would be enough. I quickly realized we could use more and now have about 33,000 per year. Having an EOY District saves me about $800-1000/year in reservation fees. The EOY bHC does weigh on my avg cost per point a little, but I’m still around 11.5, and I also have an EOY Valdoro that is higher cpp too.

 

[Chris-ATX]

I initially thought 10-11000 points per year would be enough. I quickly realized we could use more and now have about 33,000 per year. Having an EOY District saves me about $800-1000/year in reservation fees.

2 things:
1. I think I just didn't read closely, but how does the EOY District save you the $800-$1000/year in reservation fees?
2. No kidding on needing more points! We thought 11,200 was good but now have 68K! due to a few unplanned life events this week causing us to cancel 2 different full week reservations, this might be the first year we don't actually use them all...