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[HPC Contract Talk] Inventory - HRC and HPC Inventory as of June 2019

Discussion in 'Hyatt Residence Club' started by alameda94501, Aug 19, 2019.

  1. alameda94501

    alameda94501 TUG Member

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    This is part of a series of posts:

    Click here for the Introduction Post
    Click here for the Request List, Wait List, and Reservations Post

    -=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-

    Probably the biggest issue an HRC owner thinks about in relation to the HPC is Inventory.

    Inventory needs to be disclosed in the HPC Contract, so let's just start by looking at the numbers.

    First, I have a list of legacy HRC inventory from 2015 (cf: Tabular Description of Component Sites, HRC Contracts) - before the introduction of the HPC:

    Code:
    Original Hyatt Inventory	UnitWks
    ---------------------------------------
    Sunset Harbor	                2,040
    Beach House	                3,774
    High Sierra	                3,060
    Windward Pointe	                4,743
    Highlands Inn	                4,794
    Coconut Plantation	        3,672
    Pinon Pointe	                5,559
    Wild Oak Ranch	                2,448
    Grand Aspen	                2,601
    
    As of December 31, 2014 - there were 28,946 Club Members enrolled in the exchange program.


    The concept of "unit weeks" is just so we can compare with HPC - it's the number of units in Hyatt multiplied by 51 wks/year. So the number above are the "total" unit weeks a resort could support.

    Now, here is the current HPC inventory as of July 2019 (cf: Tabular Description of Component Sites, HPC Contracts):

    Code:
    HPC Inventory		        UnitWks
    ---------------------------------------
    Sunset Harbor	                   31 
    Beach House	                   42 
    High Sierra	                   20 
    Windward Pointe	                  458 
    Highlands Inn	                  496 
    Coconut Plantation	          218 *** 
    Pinon Pointe	                  101 
    Wild Oak Ranch	                1,883 **
    Grand Aspen	                  207
    
    As of December 31, 2018 - there were 3,126 Club Members enrolled in the exchange program.

    ** Wild Oak Ranch started out with 717 UnitWks, and HPC added 1,166 more UnitWks on June 2019 with the construction of the new building. This is the only addition of inventory since HPC started. NB: When a HRC ownership "converts" they do not permanently contribute to the HPC inventory.

    *** Coconut Plantation is completing their fourth building and so we can expect an increase in UnitWks there shortly.


    Nearly half the HPC inventory is Wild Oak Ranch, and only a moderate amount is at Windward Pointe and Highlands Inn! The "nine HPC" resort inventory is practically just in those three (soon to be four) resorts.

    Furthermore, simple math can get you an estimate of the ratio of HRC and HPC inventory. Let's take Highlands Inn for example:

    Highlands Inn

    4,794 Unit weeks total
    496 Unit weeks in the HPC Inventory

    Quick subtraction would indicate there are currently 4,298 Unit weeks in HRC Inventory and 496 Unit weeks in HPC Inventory. Keeping in mind those 4,298 HRC Unit weeks were sold over a decade before the HPC, the HPC weeks are likely the "dregs". You're likely going to be choosing HRC inventory vs HPC inventory.

    Here are some charts:

    Chart 1: HPC Inventory as a percentage of total "unit weeks"

    [​IMG]



    Chart 2: HPC (Red) vs HRC (Blue) Inventory at various resorts

    [​IMG]

    (So if you want more WOR, you may want to consider HPC...)



    [​IMG]



    [​IMG]

    (Sales always love to hate on Pinon Pointe, where annual fees are low and resale buyers love to purchase into... but there's not a lot of HPC inventory there!)

    [​IMG]

    (High Sierra is one of the nine HPC resorts... but not really!)
     
    Last edited: Aug 20, 2019
    gratiem and Sapper like this.
  2. peas

    peas TUG Member

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    Wow, I knew they didn't have much at Sunset Harbor from the board, but it's surprising how little they have across the board, especially at high sierra.
     
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  3. alameda94501

    alameda94501 TUG Member

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    I took a look at High Sierra, and here is the breakdown of those units:

    Code:
    Wk    Unit    Pts
     1    212    1600
     2    212    1400
     3    313    1400
     4    222    1400
     9    423    1880
    12    424    1400
    14    422    1400
    15    222    1310
    15    321    1310
    18    324    1300
    22    423    1880
    42    223    1300
    42    611    1300
    44    314    1300
    44    321    1300
    45    313    1300
    45    432    1300
    45    532    1300
    47    514    1100
    50    531    1310
    
    It doesn't appear to have a lot of choice unit weeks in there.

    For the two larger HPC holdings, Windward Pointe and High Sierra, I created two graphs for week and units:

    Windward Pointe

    upload_2019-8-22_21-44-6.png
    Dark Green = HPC Inventory
    Light Green = HRC Inventory

    HPC inventory is mainly around the Silver and Bronze weeks.


    Highlands Inn

    upload_2019-8-22_21-43-23.png

    The remnants of developer inventory that went into HPC appears more evenly distributed here.
     
    Last edited: Aug 23, 2019
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  4. alameda94501

    alameda94501 TUG Member

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    And here's Pinon Pointe (dark green = HPC inventory, light green = HRC inventory)

    upload_2019-8-22_21-56-24.png
     
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  5. Sapper

    Sapper Tug Review Crew: Rookie TUG Member

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    What is your source for such specific data?
     
  6. alameda94501

    alameda94501 TUG Member

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    We are fortunate to have a vigilent TUGger who contacted me with some additional information from the public record.

    Attached is the Trust Developer's Notice of Addition and Notice of Activation of Trust Property to HPC Trust for each of the properties in the HPC Portfolio.

    Note that I think there are some errors in the file, for example Pinon Pointe doesn't add up. They may have missed declaring some units.
     
    Last edited: Aug 23, 2019
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  7. alameda94501

    alameda94501 TUG Member

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    Based on scanning in the above file, for all the properties except Wild Oak Ranch (too much processing!) I put it into this worksheet for you all to analyze. The format is Microsoft Excel XLSX.
     

    Attached Files:

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  8. peas

    peas TUG Member

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    Thank you to the TUGger who obtained the information.
     
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  9. Islnd

    Islnd TUG Member

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    I'm sorry .....I'm a newbie, don't own yet considering HRC. Is the point of all this to say:
    1) Outside of Wild Oak and Coconut Plantation HPC inventory is very small....good luck if you own HPC and want to go to any of the other resorts?
    2) How is this bad for Wild Oak and Coconut Plantation? Whether you own a deeded week or HPC there is plenty of inventory?
    3) Resale on the other properties with low HPC inventory should be higher than at Wild Oak and Coconut?
     
  10. alameda94501

    alameda94501 TUG Member

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    No that's not the point. Everyone has their own use cases that are personal, so I am not saying anything is bad, but just casting a light on the HPC.

    We in the HRC had been able for years to exchange into Developer owned deeds in various HRC resorts, and we never knew when we were doing so. We had expectations set of inventory availability, especially in the Wild Oak resort (and the others described above).

    We cannot do that anymore, except as leftover inventory after HPC members get a six month jump on us.

    Further, as other HRC members pony up the $13k to join the HPC, they can annually opt to exchange their week to give HPC priority to their week, so over time there will likely be less HRC CUP inventory and more HPC ORP inventory.

    Resale pricing varies over time for a bunch of reasons. If you have an excellent broker they should get you the best deal for the resorts you enjoy.
     

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