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So it's been a LOOONG time since I've heard that HRC has exercised their right of first refusal. I found a smoking deal on a unit and decided to pass it on to a friend.
HRC exercised their right of first refusal this morning. They only had it available for review for less than 24 hours before my friend received noticed that they were exercising that right.
Just a couple of months ago, I got a more desirable week (for myself) for less money than my friend (this was at the same resort).
I don't want to read into this too much, but I do want to make a couple of guesses:
1) I have read that there were some negotiations between Hyatt and Marriott Vacations (from previous investor calls). I would assume this is a big reason why they weren't exercising RoFR. Why would you buy inventory if you weren't certain that you could fully capitalize on it?
2) Now that they are once again exercising RoFR, I think that means that they have probably figured things out with Marriott Vacations.
Anyways, I just thought I'd pass this information along as I'm sure it's of interest to many of you.
HRC exercised their right of first refusal this morning. They only had it available for review for less than 24 hours before my friend received noticed that they were exercising that right.
Just a couple of months ago, I got a more desirable week (for myself) for less money than my friend (this was at the same resort).
I don't want to read into this too much, but I do want to make a couple of guesses:
1) I have read that there were some negotiations between Hyatt and Marriott Vacations (from previous investor calls). I would assume this is a big reason why they weren't exercising RoFR. Why would you buy inventory if you weren't certain that you could fully capitalize on it?
2) Now that they are once again exercising RoFR, I think that means that they have probably figured things out with Marriott Vacations.
Anyways, I just thought I'd pass this information along as I'm sure it's of interest to many of you.