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Apollo Group looking to buy HGVC [Merged]

Discussion in 'Hilton Grand Vacations Club / HGVC' started by toontoy, Aug 20, 2019.

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  1. toontoy

    toontoy Guest

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  2. SteelerGal

    SteelerGal TUG Member

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    I hope not. I love my HGVC affiliate.
     
  3. geist1223

    geist1223 Guest

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    Royal Solaris San Jose del Cavo
    As DRI Owners we think this is great.
     
  4. Panina

    Panina TUG Review Crew: Elite TUG Member

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    Happy all but one of my hgvc are affiliates in Marco Island that I would use and I have a choice to stay or go.
     
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  5. pianodinosaur

    pianodinosaur TUG Review Crew: Veteran TUG Member

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    HGVC formerly had a special exchange agreement with Club Intrawest. DRI purchased Club Intrawest ending that arrangement. Club Intrawest is currently known as Embarc. We have stayed at Club Intrawest in Whistler and Zhuatenejo. We have stared at Embarc in Mont Tremblant. I currently do not really know how the DRI changes have affected the original Club Intrawest owners. However, I have several friends who are Silverleaf owners. Holiday Inn Vacations purchased Silverleaf and the owners are not happy with the changes Holiday Inn Vacations has made. The new management is trying to force the Silverleaf owners to purchase Holiday Inn Vacations “upgrades” or suffer adverse consequences. I would not like to see the flexibility and quality of HGVC compromised by a corporate takeover.
     
  6. pedro47

    pedro47 TUG Review Crew: Expert TUG Member

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    How much money does Apollo have to purchase HGVC ?
    This would be an excellent purchase for Diamond owners IMO.
     
  7. dayooper

    dayooper TUG Member

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    The article also states that the Blackstone Group could be a potential suitor as well.
     
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  8. RX8

    RX8 TUG Member

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    “The companies have a lot of control over demand,” giving them stable earnings, Jefferies’ David Katz said.

    A lot of control? They control 99.999% of the demand. How many get up in the morning and say “i’m going shopping for a new timeshare today?
     
    scot111 likes this.
  9. JIMinNC

    JIMinNC TUG Member

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    HGVC:
    HGVC at Sea World
    Hopefully Blackstone will swoop in as a white knight suitor. Combining HGVC into Diamond would be a disaster for HGVC owners if they adopted the Diamond business model. We used to be Diamond owners and consider DRI a bottom-feeder in the timeshare business, right down there with Westgate.
     
    PamMo, Kozman, tschwa2 and 1 other person like this.
  10. ocdb8r

    ocdb8r TUG Member

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    Agreed. This is a depressing development.
     
    Kozman likes this.
  11. mjm1

    mjm1 TUG Review Crew: Veteran TUG Member

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    Westin Kierland Villas- Annual & EOY;
    HGVC at Flamingo
    This would be terrible. We are in the process of buying our first HGVC property and would not want to be part of Diamond. Hopefully Blackstone jumps in, since their guy is on the board.

    Best regards.

    Mike
     
  12. Sandy VDH

    Sandy VDH TUG Review Crew: Elite TUG Member

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    I do not wish HGVC to be overridden by DRI.
     
    lockewong, linsj and CalGalTraveler like this.
  13. GT75

    GT75 Moderator

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    Neither do I.
     
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  14. Panina

    Panina TUG Review Crew: Elite TUG Member

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    Always what I feared. Many told me HGVC would likely not change. I always thought it could. Maybe it won’t hapen this time but it can another time.

    I went against my gut and I did buy one mandatory 8400 point as the price was great, mf low. Either way, highly probable I will list it to sell. Right now leaning towards sticking with only Marco Island affiliates which I use often, trade well in interval and always give me a choice to stay a HGVC member or not.
     
    Last edited: Aug 20, 2019
  15. klpca

    klpca TUG Review Crew: Veteran TUG Member

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    Yeah, when staying at Diamond resorts, it has been a step or two down from HGVC quality. Plus I dislike their high pressure sales tactics. Since we bought for the resort with HGVC flexibility secondary I guess I'm good either way, but I sure hope that it doesn't happen.
     
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  16. SteelerGal

    SteelerGal TUG Member

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    I can see Blackstone since there is already a partnership.

    Looks like this is consolidation season.
     
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  17. CalGalTraveler

    CalGalTraveler TUG Member

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    I hope Blackstone wins out (and takes over DRI.)

    I am not familiar with DRI. Aside from high pressure sales tactics which we could avoid by not attending presentations, why is DRI so bad? How have Embarc owners fared?
     
    escanoe likes this.
  18. JIMinNC

    JIMinNC TUG Member

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    HGVC:
    HGVC at Sea World
    When we owned with DRI at Kaanapali Beach Club, maintenance fees went up on average 8-9% per year, and was almost totally due to DRI increasing their management fee and administrative costs by double digits every year. The quality was also a solid notch or two below that of HGVC/Marriott/Westin, and KBC was one of the top-tier Diamond properties. They also eliminated internal exchanges with some other DRI properties in Hawaii as a way to try to force people to relinquish their deeds and buy their trust product. Just seemed like a slimy organization overall.
     
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  19. CalGalTraveler

    CalGalTraveler TUG Member

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    If this comes to pass, ironically HGVC may finally have beachfront access to Maui via KBC and Tahoe (that nice Diamond resort on the other thread) that were originally Embassy Suites. However I am sure that cross-selling access will not come cheap. I worry that they would pull the Hilton brand license to save money and rebrand the resorts similar to Embarc. I don't like this but could live with what we own in NYC and trade in RCI with our Vegas deed if needed.
     
    Last edited: Aug 20, 2019
  20. JIMinNC

    JIMinNC TUG Member

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    HGVC:
    HGVC at Sea World
    I'm even wondering what change of control provisions might be in the Hilton brand licensing agreement. If Hilton Hotels Corp doesn't like the reputation/business practices of DRI, could they pull the brand license? The license benefits HGV more than Hilton Hotels as the only real benefit to the hotel company is the licensing revenue. I can't imagine Hilton would be OK with the smarmy DRI reputation.
     
  21. CalGalTraveler

    CalGalTraveler TUG Member

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    Hopefully they will treat HGVC as a separate collection and leave us alone. I am glad we bought resale so very little to lose if we don't like it and decide to deedback/exit.
     
    Last edited: Aug 20, 2019
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  22. sparty

    sparty TUG Member

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    Interesting news today from NY post that Apollo Global Management Group is interested in Hilton Grand Vacation's but then that's supposedly spurring reports there are bids on Marriott and Wyndham too

    [Threads merged.]
     
    Last edited by a moderator: Aug 20, 2019
  23. StevenTing

    StevenTing TUG Member

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  24. JIMinNC

    JIMinNC TUG Member

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    HGVC at Sea World
    That would be my hope also, but you don't pay $36/share (rumored) for something that was trading at $26/share on Thursday or Friday and "leave it alone."
     
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  25. dayooper

    dayooper TUG Member

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    A couple of thoughts. How reliable is the NY Post? I did a search and the only thing I came up with was a premium “Street Insider” article titled Apollo looks to acquire HGVC and the NY Post article. I was under the impression that the NY Post was on the more tabloid side of newspapers.

    I think we are jumping the gun here a bit. It didn’t say it was happening, but they were looking to. They are hearing it from one side. That doesn’t mean it’s a done deal or even eminent.
     
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