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Just submitted cancellation

Discussion in 'Hilton Grand Vacations Club / HGVC' started by lvtraveler, May 29, 2019.

  1. lvtraveler

    lvtraveler TUG Member

    Joined:
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    Location:
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    Resorts Owned:
    Lagonita Lodge, Big Bear CA
    Purchased direct over the weekend at Grand Pacific Palisades in Carlsbad. This was our second trip and presentation, we purchased the VIP package that "froze" prices a year ago and provided points for us to travel and experience the resorts. Great experience thus far.

    Signed deal:

    $15,000
    5,000 points Biennial
    7,000 bonus points
    $880 MF

    Walked away feeling pretty good, but now see we can do a lot better. So happy we found all this great information before missing our cancellation period. Thanks to all!
     
    SteelerGal and Karen G like this.
  2. RX8

    RX8 TUG Member

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    Congrats on saving some cash by rescinding. I own GPP with HGVC, and I love the resort for my family. Unfortunately, I have heard that they have changed the rules in that the HGVC enrollment no longer transfers with GPP on resale, if you decide to sell. Did they happen to tell you that? They certainly should have since that devalues your purchase significantly.

    While you may not be able to find GPP with HGVC on the resale market you can find Marbrisa with decent prices. For example, you could get resale 8400 annual points with Marbrisa for much less than your 5000 EOY direct purchase you had signed up for.
     
  3. Nomad420

    Nomad420 Guest

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    What?! Is this true of only the GPP property? If this is true this is the only property I have heard of that is doing this. I hope this is a harbinger of things to come. Any reason stated as to why they did this. Current owners as you say kind of get ripped off with definite devaluation of value for resale.
     
  4. dayooper

    dayooper TUG Member

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    Location:
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    HGVC at The Flamingo
    As far as I know, it's the only one (does Seapoint come with HGVC points?). MarBrisa is still mandatory and automatic. I don't know if it's HGVC or if it's GPR than made that rule. I know that MarBrisa was talked about that happening to, but that has since changed and now HGVC is building on to the resort.

    I have a friend who owns at Palisades and her value is diminished.
     
  5. lvtraveler

    lvtraveler TUG Member

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    Thanks! Is this what you're referring to? This was not discussed during the document review.

    Terms and Conditions: "Club Membership is personal and is non-transferable and will terminate upon resale of Club Member's timeshare interest unless the resale transaction is handled by Advanced Commercial Corporation. The only exception would be an intrafamily transfer, which would be subject to GPP Developer's approval..."
     
  6. lvtraveler

    lvtraveler TUG Member

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    Excuse me for being a total n00b here, but can you explain when you talk about HGVC enrollment not transferring, how it's potentially different at GPP compared to other properties?
     
  7. CalGalTraveler

    CalGalTraveler TUG Member

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    Are you saying that it doesn't transfer and the new owner would need to re-enroll like Bay Club? or there is no option to re-enroll? (which would significantly devalue.)
     
  8. 1Kflyerguy

    1Kflyerguy TUG Review Crew: Rookie TUG Member

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    HGVC Kings Land, Marriott Destination Club Points
    This issue is pretty specific to the resorts developed by Grand Pacific (GPR). With most HGV resorts, resales retain their relationship to HGVC. For example, if you purchase at resale at SeaWorld in Florida, the HGV membership will be retained, and you will have to enroll in the HGV club.
     
    RX8 likes this.
  9. 1Kflyerguy

    1Kflyerguy TUG Review Crew: Rookie TUG Member

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    There have been reports that resales at the resorts developed by GPR, Grand Pacific, SeaPoint and Marbrisa, all lose their affiliation with HGV when resold. Unlike Bay Club, there is no option to re-enroll them.

    There seem to be some confusion on this, so perhaps there are exceptions.
     
  10. RX8

    RX8 TUG Member

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    I purchased my GPP late 2012 through the GPP resale department. They were able to add HGVC upon purchase. What I purchased was an 8400 point fixed summer week for a price that I thought was excellent at the time. I too have the same clause that HGVC transfers only with Advanced Commercial Corporation (ACC). However, I had negotiated an amendment to that that says HGVC transfers even if ACC does not handle the resale. It will be interesting to see how that goes when I am ready to sell.

    A few years ago I spoke to the person who handled my original purchase at GPP and she advised that HGVC took over all resales of GPP. What that means is that there is no longer an opportunity to buy GPP with HGVC at a reasonable price because it is now all at developer pricing. It is also a negative, IMHO, for owners at GPP who need assistance in getting out from their ownership because there is no longer a dedicated team at GPP that can find buyers who are willing to pay reasonable resale prices, but who would balk at developer prices. I also think that ACC no longer handles resales so every GPP would lose HGVC upon resale, unless exceptions made.

    BTW, my resale is viewed as a developer purchase so HGVC is always confused when I do a sales presentation and they see the purchase price I paid.
     
    Last edited: May 29, 2019
    lvtraveler likes this.
  11. Nomad420

    Nomad420 Guest

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    So basically with the possible exception of your GPP property, property owners must sell through HGVC. Listing your property for example on ebay and you loose the transfer benefit, is this correct?
     
  12. lvtraveler

    lvtraveler TUG Member

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    Makes sense...thanks.
     
  13. RX8

    RX8 TUG Member

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    Good questions. Advanced Commercial Corporation is Grand Pacific and it appears that they no longer handle any resales. I doubt that HGVC will offer to sell GPP weeks for owners wishing to sell. What they will do is take GPP foreclosures and sell them as as a developer HGVC worth X amount of points with the underlying week being GPP. Current GPP owners wishing to sell are on their own with no more support from the GPP resale department. That is my understanding.
     
    Wgk101 likes this.
  14. TUGBrian

    TUGBrian Administrator

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    congrats on rescinding and saving $15k!
     
    lvtraveler likes this.
  15. macmanrider

    macmanrider TUG Member

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    Bought your 1 week every other year at redwolf lakeside lodge for $20 m/f $650 every year. We bought because we live close and can use the day use
     
    lvtraveler likes this.
  16. macmanrider

    macmanrider TUG Member

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    Hope you find the week or more that you want. There is exchange with in GPR. It does cost to use other resorts. Check out GPX. If you need anymore info. Contact me
     
  17. SteelerGal

    SteelerGal TUG Member

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    Congratulations. We stayed at GPP 4mo ago through as being owners at MarBrisa. I like how close it was to SeaWorld. We purchased at MarBrisa because HGVC did not transfer. Bay Club, which we own as well, does.
     
    lvtraveler likes this.
  18. lvtraveler

    lvtraveler TUG Member

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    Thanks! The sales team at GPP failed to tell us that HGVC woudn't have transferred, and wouldn't have had any idea if RX8 hadn't brought it to my attention. We found a resale at Marbrisa that we're currently looking into.
     
    Last edited: Jun 4, 2019
    GT75 likes this.

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