Need Help Understanding HGVC

[Heaven08]

Hi all, I'm looking to purchase a resale for HGVC. Can someone explain their points system to me? I'm getting out of a Holiday Inn Club Vacations purchase, and with them the points started at 50,000 points. Looks like HGVC is significantly lower. What can I reasonably expect to get out of 3,400 points? Is that even enough for a weeks stay? Thanks in advance!

 

[JIMinNC]

Check out the links here to start learning:

https://tugbbs.com/forums/index.php...y-hilton-club-booking-window-overview.274977/

To answer your specific question on 3400 points, it varies by resort, but 3400 points would most commonly represent 7-nights in a 1BR unit in Gold season. A Platinum 1BR is typically 4800 points, a Gold 2BR is typically 5000 points, and a Platinum 2BR is most typically 7000 points. Plus and Premier units (better view, location, etc) are more than these and Silver seasons would require fewer points. Many newer resorts and some resorts in high-demand places can be significantly more. For example, the 3400 points you mentioned would be enough for 7-nights in a standard studio at the HGVC Ocean Tower on the Big Island of Hawaii in Platinum season, but a studio premier would be 9300 points. A 1BR there would range from 4800 points to 16,800 for a week. A 2BR would range from 10,500 to 24,000.

 

[terces]

Personally I would look for more than 3400 points. 7000 points would be a good "starter" position. If you get into a HGVC Las Vegas Boulevard 2bdrm platinum 7000 point unit, your annual maintenance fees are about $850 and your annual dues approx. $190, so your total ongoing annual costs will be slightly more than $1000 and they increase by 3% to 5% per year. For this amount of points we are able to book about 1.5 to 2 weeks total. In other words your daily dollar cost in these high end resorts ends up being + or - $100 per night. Anything less than 7000 points and you will find yourself "cheaping out" on your booking arrangements. In addition to being a better point amount, I believe the 7000 point units are much easier to re-sell when the day comes.

 

[GT75]

I also agree with @terces and recommend at least 7K to start with.

 

[dayooper]

Personally I would look for more than 3400 points. 7000 points would be a good "starter" position. If you get into a HGVC Las Vegas Boulevard 2bdrm platinum 7000 point unit, your annual maintenance fees are about $850 and your annual dues approx. $190, so your total ongoing annual costs will be slightly more than $1000 and they increase by 3% to 5% per year. For this amount of points we are able to book about 1.5 to 2 weeks total. In other words your daily dollar cost in these high end resorts ends up being + or - $100 per night. Anything less than 7000 points and you will find yourself "cheaping out" on your booking arrangements. In addition to being a better point amount, I believe the 7000 point units are much easier to re-sell when the day comes.

I also agree with @terces and recommend at least 7K to start with.

I agree as well.

 

[mjm1]

We recently decided to buy into the HGVC program and were initially thinking about a 4,800 point Platinum 1BR. A friend here on TUG suggested a 7,000 point Platinum unit would be better as the MF’s aren’t much higher, but we would like the flexibility that it would provide. We opted to go that route and hope to close on our unit in the next few weeks. We found a unit at The Flamingo, but we also considered a unit at The Blvd, both of which are here in Las Vegas. There is no ROFR at the Flamingo.

If you. Can find a unit at approximately $1 per point that’s pretty good. Anything under that is great.

Good luck with your search.

Best regards.

Mike

 

[brp]

We found a unit at The Flamingo, but we also considered a unit at The Blvd, both of which are here in Las Vegas. There is no ROFR at the Flamingo.

And to add one important point here: Unless you plan to use the points for a Home Week reservation (week long at the place you purchased), all points become generic points at 276 days and can be used anywhere. Where one owns does not matter in that case.

Cheers.

 

[magmue]

all points become generic points at 276 days and can be used anywhere. Where one owns does not matter in that case.

Except for By Hilton Club. Somewhat different and more complicated rules.

 

[brp]

Except for By Hilton Club. Somewhat different and more complicated rules.

Oh yes, as a bHC owner, well aware of the nuances

Just didn't want to bring in complications at this stage for someone likely not looking for bHC at this juncture.

Cheers.

 

[Talent312]

I say 4800 or 5000 would be a sufficient beginning, particularly if TS's are not your sole source of travel accommodations (shudder). But you're likely to find the HQ resorts appealing and want more. You could add a 2nd unit later (many here have), but you'd pay more MF's.

HGVC is a bit of a hybrid. You get a deeded week, but its not yours to use as its retained by HGVC for use by the club. Instead you get an annual allotment of points representing its value (note: participation a "affiliates" is voluntary).The deed will, however, determine your home week" booking options (12 - 9 months out). As said, generally at 9 months (276 days) out from your desired visit, all HGVC resorts and affiliates are open for club booking. By Hilton Club resorts are a special club within the club for the well heeled. Those resorts have more exclusive booking options.

Do not be concerned with limits on use of resale points. There are none. A resale owner can do everything that a retail owner can with their points. It just that resale TS points don't count toward elite status (no great loss).

 

[terces]

I say 4800 or 5000 would be a sufficient beginning, particularly if TS's are not your sole source of travel accommodations (shudder). But you're likely to find the HQ resorts appealing and want more. You could add a 2nd unit later (many here have), but you'd pay more MF's.

HGVC is a bit of a hybrid. You get a deeded week, but its not yours to use as its retained by HGVC for use by the club. Instead you get an annual allotment of points representing its value (note: participation a "affiliates" is voluntary).The deed will, however, determine your home week" booking options (12 - 9 months out). As said, generally at 9 months (276 days) out from your desired visit, all HGVC resorts and affiliates are open for club booking. By Hilton Club resorts are a special club within the club for the well heeled. Those resorts have more exclusive booking options.

Do not be concerned with limits on use of resale points. There are none. A resale owner can do everything that a retail owner can with their points. It just that resale TS points don't count toward elite status (no great loss).

Agree with Talent about the use of resale points. HGVC treats us fine and in fact when we were trading in to their resorts using RCI points we did not feel at all like second class as you do at many of the other RCI traders. So far HGVC has been a class act.

 

[ski_sierra]

This is the points chart:
https://d1m2ucn09z2f8d.cloudfront.n...105d5a61158/2019 HGV Points Open Chart R7.pdf


You should read some recent threads about HGVC that explain the points system apart from the TUG basics article.

Here are a couple that have some great info:
https://tugbbs.com/forums/index.php?threads/resale-hgvc-points-guidance.292227/#post-2301676
https://tugbbs.com/forums/index.php?threads/what-club-is-easiest-to-book.292950/#post-2310061

 

[Heaven08]

Thanks everyone!