Nomad420
TUG Member
- Joined
- Jan 4, 2017
- Messages
- 388
- Reaction score
- 99
- Points
- 138
- Resorts Owned
- HGVC New York Mid Town
I know that 57th St. is also a 50:1 conversion as well. As you said even at that rate give what changes have occurred in the HH program it is still a bit of a sucker's deal. I just confirmed with my brother that he cannot book AT ALL at HCNY being a current owner at 57th. He said that in fact they tried to get him to trade into HCNY but for MORE dollars per point and denied the offer. To me, and others can chime in, it seems that if you want NYC you should only buy at the The Residence or 57th IF you plan on or already own other HGVC properties. The only good news is that it appears the resale value is pretty good so that after I use my already banked points (of course in NYC) I could dump it. I spoke with a HGVC representative and they said the change in point use was about 2 years ago so that was indeed after my purchase. Going to see if my original contract says anything, perhaps I am "grandfathered" in so that I can use other points here but I seriously doubt that. Thanks for your input and any other suggestions at this point will be taken gratefully.I get your frustration, but owning at HCNY does have some perks. Since only owners can book there, the competition for reservations is much less. And they have very spacious 2bedroom units (comes in handy if you are looking to rent it out to ‘family’ to help with MF). The points can be converted at any amount, at any time to HHonors at 50:1 (yes, It would be foolish to do so). By Hilton Club properties let you convert 50:1 but the entire allotment of your points to do so. No other properties have such flexibility. Because the HCNY points are so valuable/expensive, I would not recommend using those at any other property besides HCNY.
Sean