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Hyatt Hacienda Del Mar MF

Discussion in 'Hyatt Residence Club' started by HDiaz1, Jul 12, 2019.

  1. HDiaz1

    HDiaz1 TUG Member

    Joined:
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    Resorts Owned:
    Wyndham Panama City Beach, Wyndham Bali Hai Villas, HGVC Bay Club at Waikoloa
    Any Hyatt Hacienda Del Mar owners?

    Did maintenance fees really go up from $900 in 2018 to over $1500 last year? Was this a one time thing or permanent? Was there a special assessment?

    Not an owner yet but I have a good offer for hacienda Del Mar but I’m a little concerned with the drastic increase in fees from 2018 to 2019. Do you know what the fees will be for 2020?

    Thank you,
     
  2. SteelerGal

    SteelerGal TUG Member

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    Resorts Owned:
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    It was always $1500 however it was closed due to the Hurricane so HRC only charged half the fees.
     
    HDiaz1 likes this.
  3. HDiaz1

    HDiaz1 TUG Member

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    Oh! So this person is lying to me! Good to know. Looks like this deal won’t happen! Thank you for clarifying.
    They showed me a 2018 bill and it was just under $900 but what you’re saying makes sense. Thank you.
     
  4. SteelerGal

    SteelerGal TUG Member

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    Many current owners are waiting for the property to open. Unfortunately it had to be completely gutted is my understanding.
     
  5. Sapper

    Sapper Tug Review Crew: Rookie TUG Member

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    It was. I have seen photos where the units were taken down to the metal studs. When they reopen everything will be brand new. Should be nice.
     
    Sugarcubesea and SteelerGal like this.
  6. Ann123

    Ann123 Guest

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    Resorts Owned:
    Hacienda Del Mar, Dorado
    I just spoke to someone at Dorado Transport. They are waiting for the Cerromar to be torn down before they repair the Hacienda from the hurricane damage. I waited for 15 years for them to demolish the Cerromar, it’s still standing. I received $4,000 for a timeshare I paid $25,000 for. Good luck waiting for them to do anything but collect their maintenance fees.
     
  7. bdh

    bdh TUG Member

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    Your info of "They are waiting for the Cerromar to be torn down before they repair the Hacienda from the hurricane damage" contradicts what has been reported by Hyatt and others that HDM has been undergoing hurricane renovations for the past year.
     
    Sapper likes this.
  8. grevas1

    grevas1 Guest

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    The fees for 2020 have increased and here is the breakdown-

    Operating Fee- $1533.14 = 30% increase from 2019
    Reserve fee- $350 = -7.72% decrease
    M/F- $1883.14 = 21.27% increase
    Disaster Recovery Reserve (one time fee)= $420.10

    Total fees for 2020- $2303.24 = 48.32% from 2019.
     
  9. Sugarcubesea

    Sugarcubesea TUG Member

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    Dang, that is almost a 50% increase...for something that is still not open...
     
  10. WalnutBaron

    WalnutBaron TUG Review Crew: Veteran TUG Member

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    Looks like the best way to visit this property is to own at Pinon Pointe or one of the other lower MF properties and use CUP points to trade in. The new MF levels are starting to get into the Hawaii MF territory--and Puerto Rico is nice, but it's not Hawaii.
     
    Last edited: Oct 18, 2019
    Sapper and Tucsonadventurer like this.
  11. Sapper

    Sapper Tug Review Crew: Rookie TUG Member

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    I think it’s going to be a great property once they finish rebuilding it. However, as you say, it’s not Hawaii.
     
    Sugarcubesea likes this.

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