That's just semantics. Maintenance Fees are not negotiable, but they add a "Club Fee" of around $149 (it's more flat fee structured but goes up to $170 if you bought 2200 HPP) - you can see the chart on an old post of mine:
https://www.tugbbs.com/forums/index...lio-points-program.269617/page-7#post-2249812
With the "new deal" (convert as many weeks as you like by buying 660 HPP) the deal is sweetened upfront, but I still have problems with maintenance fees and the "$133 hybrid fee" a year. I only have two weeks (~5,000 HRC points) but if I had an extra week totaling 6,000 HRC points, I might be tempted where I ended up in Hyatt Elite HPP with the extra 660.
With that you would get on the upside:
A. Strong 18mo (only for two reservations/yr though!) request advantage on the HPP pool
B. Confirm specific unit/view for 25 extra points. Secretly, I kinda like this, if it actually worked in the HPP pool.
(assuming the WoH points and one-day reservation advantage wasn't a big deal for you)
Downside:
A. No resale value on those 660 point. Yuck.
B. Annual fee increase of $700/yr.
C. Hidden fee $133/yr if you choose that year to deposit HRC weeks into the HPP pool. It makes a hybrid's life hard, having to decide this on a year-to-year basis without knowing what's out there.