New Timeshares At Waikoloa

[vacationbear]

For $130,000, one could invest the money and use the income to rent two bedroom OF units forever.

And still have the $130,000.

My kind of math!

130k into a Muni bond fund would distribute 6.5k per year, mostly tax free.
6.5k should buy one week in a very nice ... what?
Any guesses on the open season rates for a Penthouse with OV?

 

[rabmsn]

Or, just using some random dates, two [2] full weeks at King's Land in a two bedroom deluxe unit (booked at Hilton.com with the senior rate option) cost just less than $5,000:

 

[jehb2]

Bummer. It looks like my jogging path will still be blocked when we visit.

 

[Harry]

We are here. Any questions I should ask? Greg, any chance you are here this year?

Harry

 

[GregT]

We are here. Any questions I should ask? Greg, any chance you are here this year?

Harry

Yes! We arrived yesterday -- I will send you a PM and would love to get together for a drink! Thanks for thinking of me.

Best,

Greg

 

[CanuckTravlr]

We are here. Any questions I should ask? Greg, any chance you are here this year?

Harry

Yes! We arrived yesterday -- I will send you a PM and would love to get together for a drink! Thanks for thinking of me.

Best,

Greg

Hi Harry and Greg,

Sorry Karen and I won't be there this year. We loved our two weeks at KL last year. It was fun meeting you both, chatting and sharing a drink. Wish we could do it again this year, but Hawaii is too far to travel for us every year. If we lived in Vancouver it would definitely be our go-to place for sun and relaxation in the winter. Hope to get back in a couple of years. Hope you both enjoy your stays again. Aloha!

Bob

 

[DazedandConfused]

Anyone besides me getting sick of HGVC Big Island of Hawaii and really want Maui or Kaui locations?

 

[GregT]

Anyone besides me getting sick of HGVC Big Island of Hawaii and really want Maui or Kaui locations?

It is unfortunate that HGVC Maui doesn't look like its getting traction.

I do think that Direct Exchanges with a Starwood owner would open up both of those islands to the HGVC owner, and benefit Starwood owners who can't get to the Big Island. I've done a couple of exchanges with Marriott owners to get them to the Big Island, before Marriott opened up its Waikoloa property (which is inferior, IMO, to what Hilton offers).

It's a first world problem, to be sure.

Best,

Greg

 

[Mosescan]

Hi Harry and Greg,

Sorry Karen and I won't be there this year. We loved our two weeks at KL last year. It was fun meeting you both, chatting and sharing a drink. Wish we could do it again this year, but Hawaii is too far to travel for us every year. If we lived in Vancouver it would definitely be our go-to place for sun and relaxation in the winter. Hope to get back in a couple of years. Hope you both enjoy your stays again. Aloha!

Bob

Hawaii is my snowbird retirement plan. Florida is too cold. When I retire and the kids are old enough I plan on spending winters in Hawaii! And summer in a cottage up north somewhere.

 

[HGVC Lover]

Anyone besides me getting sick of HGVC Big Island of Hawaii and really want Maui or Kaui locations?

I know people in Hell want ice cream too but I doubt that is likely to happen......

 

[GregT]

Hi Harry and Greg,

Sorry Karen and I won't be there this year. We loved our two weeks at KL last year. It was fun meeting you both, chatting and sharing a drink. Wish we could do it again this year, but Hawaii is too far to travel for us every year. If we lived in Vancouver it would definitely be our go-to place for sun and relaxation in the winter. Hope to get back in a couple of years. Hope you both enjoy your stays again. Aloha!

Bob

Bob,

It was a pleasure to meet you last year as well - Harry and I met up yesterday for a cocktail and it was good to see him again, and to meet his wife Peggy.

I hope we are all back in Hawaii again soon!

Best,

Greg

 

[junk]

All,

This is what I believe the points chart will be. Interesting to see.

I love this property and will be there next month - I will try to set up a tour to figure out pricing and phases.

Best,

Greg

—————————-

Platinum points (same weeks as current Platinum season)

Studio Standard - 3,400
Studio Premier (Ocean View) -- 9,300

1BR Standard -- 4,800
1BR Plus Standard (Partial OV) - 7,200
1BR Premier Standard (OV) - 9,300

1BR Large -- 7,200
1BR Plus Large (Partial OV) - 9,300
1BR Premier Large (OV) -- 16,800

2BR Standard - 10,500
2BR Premier (Luxury Ocean) - 19,200

2BR Penthouse - 17,500
2BR Penthouse Plus (Partial OV) - 21,000
2BR Penthouse Premier (OV) - 24,000

3BR Plus (Partial OV) -- 23,000
3BR Penthouse Premier (OV) - 28,750

2,400/$18,990/Studio(STD)/Resort/$902.10
9,300/$59,990/Studio(STX)/OV/$902.10
4,800/$35,990/1BR(DR1)/Resort/$1,174.92
7,200/$46,990/1BR Plus(DR1)/POV/$1,174.92
9,300/$61,990/1BR Premier(DX1)/OV/$1,174.92
7,200/$45,990/1BR/Resort(1BR)/$1,332.38
9,300/$59,990/1BR Plus(1BP)/POV/$1,332.38
16,800/$99,990/1BR Premier(1BX)/OV/$1,332.38. $0.079/pts.
10,500/$64,990/2BR(2BR)/Resort/$1,690.51
19,200/$124,990/2BR Premier(2LX)/Lux OV/$1,690.51
17,500/$109,990/2BR(2PH)/Resort/$1,690.51
21,000/$129,990/2BR Plus(2PP)/POV/$1,690.51
24,000/$152,990/2BR Premier(2PX)/OV/$1,690.51
23,000/$144,990/3BR Plus(3BP)/POV/$2,477.12
28,750/$179,990/3BR Premier (3PX)/OV/$2,477.12

180K for a week!

 

[CalGalTraveler]

2,400/$18,990/Studio(STD)/Resort/$902.10
9,300/$59,990/Studio(STX)/OV/$902.10
4,800/$35,990/1BR(DR1)/Resort/$1,174.92
7,200/$46,990/1BR Plus(DR1)/POV/$1,174.92
9,300/$61,990/1BR Premier(DX1)/OV/$1,174.92
7,200/$45,990/1BR/Resort(1BR)/$1,332.38
9,300/$59,990/1BR Plus(1BP)/POV/$1,332.38
16,800/$99,990/1BR Premier(1BX)/OV/$1,332.38. $0.079/pts.
10,500/$64,990/2BR(2BR)/Resort/$1,690.51
19,200/$124,990/2BR Premier(2LX)/Lux OV/$1,690.51
17,500/$109,990/2BR(2PH)/Resort/$1,690.51
21,000/$129,990/2BR Plus(2PP)/POV/$1,690.51
24,000/$152,990/2BR Premier(2PX)/OV/$1,690.51
23,000/$144,990/3BR Plus(3BP)/POV/$2,477.12
28,750/$179,990/3BR Premier (3PX)/OV/$2,477.12

180K for a week!

Thanks for sharing @junk. The point to maintenance fee ratios are excellent, however the developer prices scare me - especially to get a partial Ocean View or Front. Hard to justify when comparing to resale Westin Kaanapali and Marriott Ocean Club Tower OF which are laid out better as purpose built timeshares - the circular building is awkward and the kitchens don't seem to have islands or peninsulas.

However, I look forward to future resale opportunities for those points...

 

[GT75]

@junk, Do the listed MFs for Walkoloa include both normal RE and HI RE taxes?

 

[GregT]

All,

Harry and I were able to tour the model unit yesterday. The unit is stunning and this is going to be a spectacular property. This is a very well done hotel conversion and the quality of the amenities are impressive. The only knock that I have on the property itself is the walk from the lobby is about 10 minutes, and otherwise you are dependent on the boat/train to get you there.

And I believe the views will be terrific from almost all rooms. As others have noted, this is a high point property and their higher floors are more luxurious (better views and higher-end in unit amenities). I took a few pictures that I will post, but that was never a strength of mine, so wish me luck here.

I stayed in Ocean Tower in 2009 when Jonell and I came and we loved it -- I'm very pleased to see a high quality addition here. This is more in line with the Grand Islander touch-and-feel, very high end. A beautiful property.

Best,

Greg

 

[GregT]

This is the kitchen and living room for non-Studio configurations -- the standard 1BR, premium 1BR, 2BR and 3BR units.

This is the Master Bedroom in the 2BR unint, or is the only bedroom in the larger 1BR configuration (and it has an exterior balcony)

This is the second bedroom in a 2BR unit, or is also the only bedroom in the smaller 1BR configuration -- no balcony.

This is the Studio unit -- or the 3BR in the 3BR unit configuration. The Studio was very impressive.

 

[mjm1]

Greg, thanks for sharing the pictures. Very nice indeed. I am curious how they were able to put a full kitchen in. We haven’t seen that in any of the Marriott hotel conversions where they say they can’t do it due to code. Any idea how HGVC was able to do it?

Best regards.

Mike

 

[linsj]

Greg, does the studio have a kitchen sink? That's my one gripe with the Kalia studios at HHV, although the ocean view makes up for it.

 

[junk]

@junk, Do the listed MFs for Walkoloa include both normal RE and HI RE taxes?

Yes

 

[dougp26364]

Anyone besides me getting sick of HGVC Big Island of Hawaii and really want Maui or Kaui locations?

Yes......and it's one of the reasons we own more with Marriott than we do with HGVC. I do like the variety of choices on the Big Island and, if/when we return to the Big Island, we'll be more likely to use our HGVC ownership as Marriott's offering is a bit on the pricey side in terms of points required for the unit my wife would want me to book.

If HGVC had a better presence on all the islands in Hawaii, we might have been tempted to increase our HGVC ownership. As it is it's to little to late and we're to old to go chasing anymore timeshares or elite status. Unless, of course, we should win the jackpot in the Megamillions lottery of course. But one has to actually play the lottery in order to win don't they?

 

[dougp26364]

GregT, thanks for the photo's. It looks to be a very nice resort with great views and a good location. I'm relatively certain the points required are going to be more than we're willing to part with to stay on the Big Island but, one never knows.

 

[JIMinNC]

Yes, the points required are high, and I doubt I could ever justify the points required for a 2BR - it would take over two years worth of our points - but if it were just my wife and I traveling, I might be tempted by the 1BR units, at least occasionally. The views would be unmatched on the Big Island and we love resorts like this with timeshare units but hotel amenities. We're planning week on the Big Island for March 2019 to go with a week on Kauai that we just booked and a week on Maui we hope to book this coming week. But we're hoping to use some leftover RCI TPUs to snag one of the bulk Kings Land or Kohala Suites deposits (hopefully they will be forthcoming in the next few weeks) instead of using our new HGVC points this time. Maybe we'll try Ocean Tower when we return in 2021.

What I'm amazed by are the low maintenance fees on these units. I'm assuming there are significant subsidies from HGVC and they may rise over time as the property gets sold out. Is that typical for new HGVC properties? We're new to the program and don't have any history with MF increases at new resorts.

 

[junk]

Thanks for sharing @junk. The point to maintenance fee ratios are excellent, however the developer prices scare me - especially to get a partial Ocean View or Front. Hard to justify when comparing to resale Westin Kaanapali and Marriott Ocean Club Tower OF which are laid out better as purpose built timeshares - the circular building is awkward and the kitchens don't seem to have islands or peninsulas.

However, I look forward to future resale opportunities for those points...

I'm also curious how resale price will be settled as well as Grand Isalander.

 

[Ralph Sir Edward]

Hawaii is my snowbird retirement plan. Florida is too cold. When I retire and the kids are old enough I plan on spending winters in Hawaii! And summer in a cottage up north somewhere.

Here, Here! I have similar plans. . .

 

[Helios]

I think those dev prices are insane...Will have to pick more points to get to the 3PX OV...