TUG MEMBERS: Joining TUG does not automatically register you as a user of the TUG Bulletin Board. You must register yourself.


*ads are disabled when logged in as a member*
  1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.
  2. The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 25 years!

    Join tens of thousands of other owners just like you here to get any and all Timeshare questions answered!
    Dismiss Notice
  3. TUG has now saved timeshare owners more than $13,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $13Million dollars
    Dismiss Notice
  4. Sign up to get the TUG Newsletter for free! Join tens of thousands of other owners who get this every week! Latest resort reviews and the most important topics discussed by owners during the week!
    Dismiss Notice
  5. TUG is trying out a new program that will trade you a TUG membership for a Timeshare resort review if you are an expired member, or even just a guest here on the forums!

    Read more here
    Dismiss Notice
  6. Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    Read more Here
    Dismiss Notice
  7. Follow the TUG Member Banner as it travels the world on vacation with Timeshare owners! Also sign up to get the banner sent to you so you can submit a photo of your vacation with the banner to share with TUG! Banner Thread
    Dismiss Notice
  8. TUG has now joined Priceline.com as an affiliate!

    Members and guests who book air travel, rental cars and even Cruise Vacations thru TUG's priceline links will now support TUG in the process!

    Read more here
  9. A few of the most common links here on the forums for newbies and guests!
    Dismiss Notice

Confused in Vegas :)

Discussion in 'Hilton Grand Vacations Club / HGVC' started by pharmacistking, Nov 5, 2019.

  1. pharmacistking

    pharmacistking TUG Member

    Joined:
    Aug 28, 2019
    Messages:
    38
    Likes Received:
    3
    Trophy Points:
    58
    Hello

    Working with a broker I have 3 options for a 7k first buy in Vegas. 5000 for Flamingo 6500 For BLVD or 6000 for Paradise. All the same closing costs.

    Which would you choose if at all?

    Thank you
     
  2. Passepartout

    Passepartout TUG Review Crew: Veteran TUG Member

    Joined:
    Feb 10, 2007
    Messages:
    21,506
    Likes Received:
    5,037
    Trophy Points:
    799
    Location:
    Twin Falls, Eye-Duh-Hoe
    My $.02 worth. Location, location, location. Flamingo. Why go to Vegas if not to the Strip?
     
  3. PigsDad

    PigsDad TUG Member

    Joined:
    Nov 1, 2006
    Messages:
    6,178
    Likes Received:
    1,692
    Trophy Points:
    448
    Location:
    Northern Colorado
    Resorts Owned:
    HGVC Elite: SeaWorld, Surf Club, Charter Club, Valdoro
    Since I would never use my Home Week, I would look at the maintenance fees. I think the Boulevard location has the lowest, but compare and see what the breakeven time would be given the higher cost.

    Kurt
     
  4. dayooper

    dayooper TUG Member

    Joined:
    Apr 14, 2018
    Messages:
    1,158
    Likes Received:
    708
    Trophy Points:
    174
    Location:
    The Land of Ice and Snow
    Resorts Owned:
    HGVC at The Flamingo
    You can’t go wrong with any of them. I would go with The Boulevard because of the MF’s, but that may get ROFRed. Not that you shouldn’t try, just beware that could happen. The Flamingo has no ROFR, but the MF’s are about $200 more a year. Even Paradise would work!
     
  5. tompalm

    tompalm TUG Member

    Joined:
    Apr 3, 2006
    Messages:
    1,896
    Likes Received:
    210
    Trophy Points:
    273
    Location:
    Honolulu, Hawaii
    The Flamingo is a much older timeshare and might cost more to maintain during the next 20 years. So the Blvd is a better timeshare. Make an offer to pay less there and they will probably take it. Forget Paradise.
     
  6. GT75

    GT75 Moderator

    Joined:
    May 30, 2016
    Messages:
    1,741
    Likes Received:
    731
    Trophy Points:
    323
    Location:
    Gig City in Tennessee
    Resorts Owned:
    HGVC-x7
    If you don't plan to utilize for your home week then compare MFs (remember, this is most important because it will be every year), points & buy-in cost.
     
  7. dougp26364

    dougp26364 TUG Review Crew: Veteran TUG Member

    Joined:
    Jun 6, 2005
    Messages:
    12,543
    Likes Received:
    514
    Trophy Points:
    448
    We own at BLV. I believe there isn’t a lot of difference in MF’s between all the resorts so, I’m not sure yearly fees would be a deal breaker. Flamingo recently went through a renovation if my memory is intact. If you’re looking for points at the lowest cost, I’d go with Flamingo. If you’re looking for location, I’d go with Flamingo. If you’re looking for a more complete resort experience, I’d go with Blvd. if you want to be a little off the strip and slightly wpaway for all the action, then I’d go with Paradise.
     
    pharmacistking likes this.
  8. CalGalTraveler

    CalGalTraveler TUG Member

    Joined:
    Dec 21, 2014
    Messages:
    3,856
    Likes Received:
    2,334
    Trophy Points:
    298
    Location:
    California
    All work. You should also consider rental potential if you can't travel. Paradise is closest to the convention center so you could rent during CES or other convention to less price conscious business crowd. Raiders coming in 2021.

    What is the breakeven for each? Blvd MF is about $900, Paradise $80 more($980) and Flamingo $107 more ($1088) so almost $200/year difference but lower price.

    So it takes 5 years to BE for every $1000 in purchase price diff. with BLVD vs. Flamingo. BLVD least likely to pass ROFR.

    I would low bid and see what you get. Can't go wrong with any of these prices.
     
    Last edited: Nov 6, 2019
  9. Hsahota1

    Hsahota1 TUG Member

    Joined:
    Apr 29, 2018
    Messages:
    93
    Likes Received:
    37
    Trophy Points:
    79
    Location:
    Canada
    Resorts Owned:
    HGV
    This time of the year your chances of passing ROFR are high so I would go with Boulevard.

    2nd option Paradise.
     
  10. dayooper

    dayooper TUG Member

    Joined:
    Apr 14, 2018
    Messages:
    1,158
    Likes Received:
    708
    Trophy Points:
    174
    Location:
    The Land of Ice and Snow
    Resorts Owned:
    HGVC at The Flamingo
    With the prices that are quoted, your break even point between Paradise and Flamingo is roughly 10 years. In my mind, too much can change over that time. Due to location and price, I would would choose Flamingo over Paradise. Boulevard would still be my 1st choice, though.
     
  11. Hsahota1

    Hsahota1 TUG Member

    Joined:
    Apr 29, 2018
    Messages:
    93
    Likes Received:
    37
    Trophy Points:
    79
    Location:
    Canada
    Resorts Owned:
    HGV
    sorry I meant Flamingo as my 2nd option as well.

    it’s still early in the west coast and coffee hasn’t kicked in yet
     
  12. brp

    brp TUG Member

    Joined:
    Oct 23, 2007
    Messages:
    1,744
    Likes Received:
    561
    Trophy Points:
    323
    Location:
    Bay Area, CA
    This might work for CES where someone might want to stay a week. For the Raiders, it may be more problematic as, by rule, it has to be Home Week, and football fans likely won't stay a week. This is by the rules, of course.

    Cheers.
     
  13. Finsadbel

    Finsadbel TUG Member

    Joined:
    Oct 23, 2018
    Messages:
    46
    Likes Received:
    8
    Trophy Points:
    69
    Resorts Owned:
    ELARA, Las Vegas
    Elara seems to be selling at low prices, also with relatively low MF’s. We bought ELARA at the end of last year and they were not ROFR’ing anything. I don’t know what they are doing now. Check with one of the many recommended brokers and I am sure they can tell you your best options.
     
    giowop likes this.
  14. CalGalTraveler

    CalGalTraveler TUG Member

    Joined:
    Dec 21, 2014
    Messages:
    3,856
    Likes Received:
    2,334
    Trophy Points:
    298
    Location:
    California
    Re: Raiders you can also split your home week and pay for full housekeeping midweek after they leave and use the rest of the week.

    @pharmacistking if you plan to use home week 95% of time, I recommend Elara. Otherwise, lowbid all 3. Ask to have them pay trxn fees and go with the best deal breakeven and dollar-wise.
     
    pharmacistking likes this.
  15. pharmacistking

    pharmacistking TUG Member

    Joined:
    Aug 28, 2019
    Messages:
    38
    Likes Received:
    3
    Trophy Points:
    58
    Vegas is not planned at all. Points with low mf is key :)
     
    CalGalTraveler likes this.
  16. CalGalTraveler

    CalGalTraveler TUG Member

    Joined:
    Dec 21, 2014
    Messages:
    3,856
    Likes Received:
    2,334
    Trophy Points:
    298
    Location:
    California
    How long do you plan to own?
     
  17. pharmacistking

    pharmacistking TUG Member

    Joined:
    Aug 28, 2019
    Messages:
    38
    Likes Received:
    3
    Trophy Points:
    58
    Tough question. 10 years probably.
     
  18. pianodinosaur

    pianodinosaur TUG Review Crew: Veteran TUG Member

    Joined:
    Jun 6, 2008
    Messages:
    1,870
    Likes Received:
    71
    Trophy Points:
    258
    Location:
    Texas
    Resorts Owned:
    HGVC SeaWorld x 2, HGVC Las Vegas Strip x 2, MVC Mountain Valley Lodge, MVC Legend’s Edge
    I own at HGVC on the Blvd but I have only stayed there once. It has a great swimming pool. I stayed several times in the Paradise facility when it was known as HGVC at The Las Vegas Hilton. I loved it because we could use all the facilities at The Hilton and bill them to our room. This really racked up the HHONORS points. The timeshare is right by a monorail stop. That makes it very easy to get around Las Vegas. I really miss The Las Vegas Hilton. I don’t particularly care for the casino now that Westgate has taken over. I also stayed several times at HGVC at The Flamingo while the Flamingo was managed by Hilton. Unfortunately, The Flamingo is no longer managed by Hilton. However, HGVC at The Flamingo is also right by a monorail stop. I have also stayed one time at The Elara. It was very nice and connects right into the shopping area at Planet Hollywood. I have never stayed at Trump Tower.

    Las Vegas is usually pretty easy to book so it really does not matter that much where you own. However, I think the 6500 point package will give you the most for you MFs.

    Welcome to TUG and to HGVC.
     
  19. CalGalTraveler

    CalGalTraveler TUG Member

    Joined:
    Dec 21, 2014
    Messages:
    3,856
    Likes Received:
    2,334
    Trophy Points:
    298
    Location:
    California
    Here's how they rank from your current assumptions: (Assuming MF grows at even rate and not taking time value of money into account):

    10 years or more ownership:

    1) BLVD $6,500 + (10 * $900) = $15,500 after 10 years
    2) Paradise $6,000 + (10*980) = $15,800
    3) Flamingo $5000 + (10 years *$1087 MF) = $15,870 after 10 years.


    If you plan to own 5 years then:

    1) Flamingo $10,435 over 5 years.
    2) Paradise $10,900
    3) BLVD: $11,000

    Of course if you can negotiate a lower bid or that seller pays transaction fees that changes the equation.

    If you are not sure how long you will own, Paradise gives you the best hedge option for all scenarios.

    Overall the differences < $565 over 5 - 10 years so not significant. Get the best deal you can among the three because you are splitting hairs.
     
    Last edited: Nov 6, 2019
  20. brp

    brp TUG Member

    Joined:
    Oct 23, 2007
    Messages:
    1,744
    Likes Received:
    561
    Trophy Points:
    323
    Location:
    Bay Area, CA
    @CalGalTraveler nice analysis. OTOH, this shows that, even after 10 years, we're talking less than 400 bucks total difference, so $40/year. Meaning it really is just about a wash.

    Cheers.
     
  21. brp

    brp TUG Member

    Joined:
    Oct 23, 2007
    Messages:
    1,744
    Likes Received:
    561
    Trophy Points:
    323
    Location:
    Bay Area, CA
    I liked it when the still had Quark's Bar at the Las Vegas Hilton...Warp Core Breach, anyone?

    Cheers.
     
    Fredflintstone likes this.
  22. CalGalTraveler

    CalGalTraveler TUG Member

    Joined:
    Dec 21, 2014
    Messages:
    3,856
    Likes Received:
    2,334
    Trophy Points:
    298
    Location:
    California
    Yep, totally agree. You beat me as I was just editing to add the last line to my post.
     
    Fredflintstone likes this.
  23. CalGalTraveler

    CalGalTraveler TUG Member

    Joined:
    Dec 21, 2014
    Messages:
    3,856
    Likes Received:
    2,334
    Trophy Points:
    298
    Location:
    California
    BTW...with all of the changes in the industry, I would not plan a horizon of more than 5 years even if you want to own it for longer.
     
    dayooper and Fredflintstone like this.
  24. Fredflintstone

    Fredflintstone TUG Member

    Joined:
    Jul 15, 2018
    Messages:
    772
    Likes Received:
    836
    Trophy Points:
    154
    Resorts Owned:
    Rent only
    I love Vegas...16 hour drive from here.

    Isn’t there a lot of timeshares to choose from there? Some, I know, offer regular shuttles to the strip. Maybe look at the best MF for your travel dollar.

    I know...cheapskate is my middle name.


    Sent from my iPad using Tapatalk
     
    silentg likes this.
  25. dayooper

    dayooper TUG Member

    Joined:
    Apr 14, 2018
    Messages:
    1,158
    Likes Received:
    708
    Trophy Points:
    174
    Location:
    The Land of Ice and Snow
    Resorts Owned:
    HGVC at The Flamingo
    This. It’s why I think that The Boulevard is the best option. With a +$1500 difference in price and -$200 difference in MF over The Flamingo, that will be made up in 8 years. With Paradise, it will be a 10 year break even point over The Flamingo, but The Boulevard only has a 5 year break even over Paradise. This is why I would rank the purchases in this order: 1. Boulevard, 2. Flamingo, 3. Paradise. If you can get any of them cheaper, I would move that one to the top.

    One last thing to think of. If you decide on Boulevard or Paradise, go through the ROFR process and it gets exercised, someone could see that Flamingo unit as a great deal and buy it before the ROFR is exercised on the other property. If you purchase at The Flamingo, you know you will get it as it has no ROFR.
     
    Fredflintstone likes this.

Share This Page