Any chance of other companies pulling a Wyndham and shedding multiple resorts at once?

[sponger76]

With Wyndham being one of the larger timeshare systems, it makes me wonder if any of the other major companies will shed some resorts in a similar manner within the next few years or so. They pretty much all have some resorts that are lower-performing or with aging infrastructure that could be expensive to repair or replace.. Thoughts? Any resorts in your ownership portfolio or timeshare system that you think SHOULD be jettisoned?

 

[Jan M.]

Back in May or June, Holiday Inn Club Vacations announced they're dropping some resorts. From what was posted in the HICV forum it seems to be some of the resorts they acquired when they bought out Silverleaf.

In April we stayed for 2 weeks at the HICV Apple Mountain Resort and Golf Club in the presidential section. This resort is on the list. We really liked our unit. However it's a remote location. Half an hour or so away there's several timeshare resorts in Helen, a picturesque Bavarian themed town that draws tourists.

 

[DrQ]

In April we stayed for 2 weeks at the HICV Apple Mountain Resort and Golf Club in the presidential section. This resort is on the list. We really liked our unit. However it's a remote location.

It's right down the road from Tallulah Falls, where they filmed the river scenes of "Deliverance". All the time we were up in that beautiful area, I could only think, "These people must really resent James Dickey."

 

[chosshaul]

I would think HGVC might be dropping some properties from the Diamond and Bluegreen acquisitions eventually. some of the old Diamond properties aren’t great

 

[dougp26364]

I would think HGVC might be dropping some properties from the Diamond and Bluegreen acquisitions eventually. some of the old Diamond properties aren’t great

I thought the same myself, but expected it before now. Then they acquired Bluegreen and it appeared their focus was elsewhere.

I wonder if there’s another acquisition in the pipeline or if their focus will now turn fully to rehabilitation up to Hilton standards and then disposal of properties that can’t be brought up to what will become HVC standards?

 

[dioxide45]

With Wyndham being one of the larger timeshare systems, it makes me wonder if any of the other major companies will shed some resorts in a similar manner within the next few years or so. They pretty much all have some resorts that are lower-performing or with aging infrastructure that could be expensive to repair or replace.. Thoughts? Any resorts in your ownership portfolio or timeshare system that you think SHOULD be jettisoned?

I understand that Westgate is doing something similar with Westgate Leisure Resort. I think a number of properties are coming up on their sunset clauses and I just learned that a sunset clause might be what is driving the termination of Orlando International Resort in Club Wyndham. I think we will see more and more of these votes in the near future.

Sabal Palms, one of Marriott's oldest properties isn't set for a sunset until 2046, so we are still 20 years away from when we could reasonably expect something like this to happen with Marriott.

 

[pedro47]

I would think HGVC might be dropping some properties from the Diamond and Bluegreen acquisitions eventually. some of the old Diamond properties aren’t great

I feel Hilton will be retaining the money making resorts from Diamonds liked in Virginia and Florida.

 

[dioxide45]

I thought the same myself, but expected it before now. Then they acquired Bluegreen and it appeared their focus was elsewhere.

I wonder if there’s another acquisition in the pipeline or if their focus will now turn fully to rehabilitation up to Hilton standards and then disposal of properties that can’t be brought up to what will become HVC standards?

I thought their communications indicated the plan was to rebrand the DRI resorts as Hilton Vacation Club where they could bring them up to the required Hilton standards. Embarc was being rebranded as Hilton Grand Vacations Club. Any properties they couldn't bring up to the standard could possibly be divested. Though they haven't stated the latter publicly. I suspect the Bluegreen acquisition sidetracked their plans to divest any properties.

I suspect DRI divestures will be much more problematic for Hilton than the current ones are for Club Wyndham. DRI and Hilton have a much more complicated structure and perhaps don't have as much inventory on hand to offset resorts that may have to leave their collections. They could end up with more points sold from their collections than they have points available.

 

[bnoble]

Sabal Palms, one of Marriott's oldest properties isn't set for a sunset until 2046, so we are still 20 years away from when we could reasonably expect something like this to happen with Marriott.

Did Marriott de-flag some resorts in Colorado and Hilton Head back in the day? Or am I mis-remembering that?

 

[dioxide45]

Did Marriott de-flag some resorts in Colorado and Hilton Head back in the day? Or am I mis-remembering that?

Yeah, a few resorts left the brand. I beleive some were buildings at Streamside and another property in the Bahamas. Then there were Spicebush and Swallowtail in Hilton Head Island. None of these were Marriott built resorts and I am pretty sure they were all prior to 2000, though not 100% sure on that.

I know of one property within Vistana that left the system. It was in North Phoenix. Villas at Cave Creek is what I think it was called.

 

[TUGBrian]

if i had to place a bet... exploria would be at the top of my list.

 

[pedro47]

Yeah, a few resorts left the brand. I beleive some were buildings at Streamside and another property in the Bahamas. Then there were Spicebush and Swallowtail in Hilton Head Island. None of these were Marriott built resorts and I am pretty sure they were all prior to 2000, though not 100% sure on that.

I know of one property within Vistana that left the system. It was in North Phoenix. Villas at Cave Creek is what I think it was called.

Spicebush and Swallowtail on Hilton Head, were built liked townhouses with stairs to the second floor bedroom areas and with no elevators .IMHO

They were not built by Marriott's.
IMHO, future Marriott owners liked the Marriott's HHI timeshare concept and they especially liked being on Hilton Head Island.

 

[HitchHiker71]

Yes I think it's feasible that we will see other larger timeshare companies shed older resorts in less popular and more remote areas. Over the past several years we've seen a fair amount of consolidation by the larger timeshare companies like T&L/Wyndham, HGVC, MVC, etc., that have acquired small to midsize timeshare companies, oftentimes adding additional redundancies into their systems along with some less than ideal locations that have predominantly older units in not so great condition that may require SA's to bring up to current codes and/or to meet current customer expectations. I'd therefore surmise we may see a subset of these types of locations that supposedly have low owner occupancy or simply low overall occupancy rates exited from the larger timeshare companies. The approach Wyndham is taking here, which I'd characterize as a "rip off the bandaid quickly" type approach, IMHO does seem better than a piecemeal approach in comparison. You get it over with in relative haste, impact a small subset of owners within a short period of time, and then move on.

 

[dioxide45]

I kind of wonder about the older phases at Sheraton Vistana Resort. Specifically Courts, Falls and Palms. The parking spases in front of these buildings are almost always empty or nearly empty. Courts is also maintaining a lot of tennis courts that see little action. It was originally built as a tennis club. I could see where Marriott Vacations might want to shed some of those older phases and separate the land. The problem is they built a new gate that cuts through from the Palms (or perhaps Falls phase) into Marriott's Royal Palms. I suspect that land these phases sit on would be prime real estate for new development. Courts is nearing 50 years old.

 

[rickandcindy23]

Some Capital resorts could be shut down. Capital seems determined to sell us their stupid point system, multiple calls a week to have someone discuss our options. We own a week 52 at Foxrun. It's not worth much. I am considering walking away from it, but then it does still get Disney.

I just got Disney with it for 9/13 for my niece, and I keep telling her I will give the week to her. She should just take the week, but Rick says we shouldn't stick her with a week that isn't worth anything and cannot be given away on TUG for free, free closing. It's a dilemma. I really should give her a Sheraton for trading purposes. Those are way better and have some real value.