PerryKing
TUG Member
- Joined
- Jul 17, 2011
- Messages
- 393
- Reaction score
- 163
- Points
- 253
- Location
- Colorado
- Resorts Owned
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HYATT: Beaver Creek, Breckenridge, Bonita Springs, and 2X Dorado Puerto Rico.
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MEXICO: Crown Paradise, Royal Holiday Club, Vidanta Mayan Palace, and Vidanta "Kingdom of the Sun-Nuevo Vallarta at Vidanta World.
The Hyatt Main Street Station / Breckenridge Property was sold OUT several years ago. Mitze is an independent real-estate broker. With a Colorado real - estate Brokers license. She does not "work for the developer". She did once work for the developer's sales company during the original sales period of the property. So she really knows the property, the market and the Hyatt points system. After the property was sold out, she started her own company, specializing in the Hyatt Breckenridge resale market, but with the designation by Hyatt as an "Authorized Reseller". (Just like Carmen is at the Hacienda Del Mar in Puerto Rico) so when you buy through her the buyer can generally receive the Hyatt Hotel Gold Passport Points exchange privileges. see: www.breckenridgemsr.comThese are 'Hyatt developer' prices. Since Hyatt does not have a full time sales office there, Mitzi is their 'sales' person. Purchase from her and you will get all the developer rights. Try to sell through her, and you will be dictated a minimum listing price.
By the marketing brochures and efforts at the resort, owners think they can recoup their 'investment' and it helps keep other resales prices inflated. You will see very little movement with those listings.
She also represents the Hyatt MSS Owners Association with their resale listings for foreclosures, along with listing for sale from current club owners
So all prices are negotiable I have found. FYI There is a Summer Float 10 Day Summer Studio available for $4,500 (480 points) or at least is was as of 4th of July week, when I was last staying there.
FYI: Also the asking prices are steady because the property, the town and the huge ski area support the prices. I would not say they are high, just at market rates. Which does not make me feel so good considering that I paid over $100,000 for my 3 bedroom week 10 Ski week in 2002 and I received a $20,000 discount from the release price of $120,000 at that time because I was already an owner at the Hyatt Mountain Lodge - Beaver Creek.
i.e. Time Shares are not investment property. I know that better than anyone now since today I would be lucky to sell mine for even $40,000. (and then less all selling cost). Hyatt Beaver Creek intervals have held their value better , but they are still selling for much less than the original developer prices.
However the prices for rental weeks at Beaver Creek are almost twice as much as what an owner can get currently for the same week and unit size at Hyatt MSS / Breckenridge. AND the units at Breckenridge cost the same originally as those at Beaver Creek. So it's all in the Location, the "Name", and Luxury reputation of Beaver Creek! Which is well deserved actually ! With rental rates during Christmas week for a 3 bedroom of over $1200 per night and not much less during other peak time ski weeks.
I have rented my HMSS Breckenridge, 3 bedroom penthouse unit - Week 10 March Peak Ski week (2 bedroom with kitchen and studio lock off with full kitchen) ( if I can rent it at all - depending on the snow conditions ) for the 7 day ski week rental amount of between $3600 and $5600. (Its listed on the TUG Rental pages if your interested. Take a look)
Maintenance fees ( for a 7 day fixed ski week and 10 floating summer days ownership) are currently around $4200 for three bedroom at Hyatt MSS Breckenridge, $6000 for a three bedroom at Hyatt ML Beaver Creek, near $8000 for the Park Hyatt Beaver Creek Residence Club and over $8000 at the Hyatt Grand Aspen Residence club)
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