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Question: Is HRC letting their ROFRs in recent months pass the 30 day mark unanswered?

Discussion in 'Hyatt Residence Club' started by jtmaske, Jun 11, 2019.

  1. jtmaske

    jtmaske TUG Member

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    I ask because I won an eBay auction in late February for a Sunset Harbor week 45,
    at a good price from a third party seller with a mixed (at best slow and stumbling) reputation on both eBay and TUG. The first ROFR iteration after five weeks and much prodding turned up a legitimate problem with the contract (one existing owner’s name missing), now a second iteration which I had expected to go quickly either Yay or Nay has had no answer (but not quite over the 30 day mark yet).
     
  2. jjking42

    jjking42 TUG Member

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    Mine got done quickly. It was a Red week verified sale.

    It’s probably a seller broker issue and not hyatt


    Sent from my iPhone using Tapatalk
     
    Sugarcubesea and jtmaske like this.
  3. heathpack

    heathpack Tug Review Crew: Rookie TUG Member

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    Disney’s Grand Californian and Hilton Head Island
    Marriott Barony Beach and Mountainside
    Sheraton Broadway Plantation
    We got our ROFR answer in 1 day. We’ve closed escrow already. We made our offer to purchase on May 11, it was accepted May 12.

    Not an EBay purchase though, we worked with an experienced broker.
     
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  4. Sapper

    Sapper Tug Review Crew: Rookie TUG Member

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    I think if anything, currently ROFR is proceeding faster than normal.
     
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  5. HenryT

    HenryT Tug Review Crew: Rookie TUG Member

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    Cypress Pt, Coconut Malorie, MGO, Eastern Slope Inn, HRA, SBP, WSJ, Hyatt Sunset Harbor, Bluebeard's Castle, HGVC Hurricane House, Wyndham: Long Wharf, Royal Vista, & SeaWatch Plantation.
    Hyatt waived ROFR on my week 50 Sunset Harbor unit in less than two weeks back in February of this year. The unit showed up in my Hyatt account about a month later.
     
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  6. jtmaske

    jtmaske TUG Member

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    Thanks all for your responses ...there is definitely a ‘seller broker’ issue here, but Hyatt (or actually Marriott Vacations) didn’t take any action on the initial ROFR, then it took a week to get the broker to contact Hyatt and then another week for Hyatt to respond to why they really didn’t make a decision, etc ...but my own fault for chasing after a risky eBay bargain so to speak
     
  7. tschwa2

    tschwa2 Tug Review Crew: Rookie TUG Member

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    I would ask the broker what day the ROFR was sent and then see if you can get In touch with Hyatt to make sure they received it and are processing it.
     
    jtmaske likes this.
  8. Sapper

    Sapper Tug Review Crew: Rookie TUG Member

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    Also verify the address they sent it to. They moved locations in December, your broker may have sent the paperwork to the old address.
     
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  9. Tucsonadventurer

    Tucsonadventurer TUG Review Crew: Veteran TUG Member

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    Ours was done quickly too but Marriott transfers has had all the paper work for 5 weeks and its still not in our name. Our 2019 points go into LCUP soon and our agent cant get in touch with the seller to make us a reservation. The 2019 points were thrown in for free so we cant be too greedy but we would like to not deal with the dreaded LCUP.
     
    jtmaske likes this.
  10. HenryT

    HenryT Tug Review Crew: Rookie TUG Member

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    Cypress Pt, Coconut Malorie, MGO, Eastern Slope Inn, HRA, SBP, WSJ, Hyatt Sunset Harbor, Bluebeard's Castle, HGVC Hurricane House, Wyndham: Long Wharf, Royal Vista, & SeaWatch Plantation.
    That sucks. I wonder if Marriott Transfers has too many deed transfers than they can handle right now? Have you called them to see if they would expedite it?
     
  11. Sugarcubesea

    Sugarcubesea TUG Member

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    I got my ROFR answer at like the 3 week mark...However my girlfriend purchased at the same resort as me and a full month and a half before me and hers took forever but it did go thru...I think her broker was not that experienced with Hyatt
     
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  12. Tucsonadventurer

    Tucsonadventurer TUG Review Crew: Veteran TUG Member

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    We have emailed them and our Fidelity contract rep has also. Marriott said they are swamped. They sent our rep an email stating hopefully the end of this week. We bought our unit exacy 3 months ago.
     
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  13. echino

    echino TUG Member

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    Got ROFR in 5 days.
     
  14. HenryT

    HenryT Tug Review Crew: Rookie TUG Member

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    Got it. Hopefully you won't have to wait much longer.
     
    Tucsonadventurer likes this.
  15. AJCts411

    AJCts411 TUG Member

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    Question: If contact language states 30 days to act on ROFR, then what difference does it make to say "we are swamped". By default, wouldn't the ROFR be considered a pass/no action by Hyatt and the sale be valid? (Assuming that the paperwork was submitted correctly.)
     
    jtmaske likes this.
  16. Sapper

    Sapper Tug Review Crew: Rookie TUG Member

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    I think that comment was specific to a Marriott transfer. I don’t know Marriotts rules regarding ROFR.

    If it were a Hyatt transfer, then after 30 calendar days (15 on Aspen and I think one other) if Hyatt has failed to inform you of passing or failing it is considered passed. Be very sure you have the correct date they received it. Most transfer companies will say its 30 business days, and you will have to dig to find the documentation to prove it.
     
  17. Tucsonadventurer

    Tucsonadventurer TUG Review Crew: Veteran TUG Member

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    It actually is a Hyatt Pinon Pointe week but we were told by the contracts department that Marriotts transfer department emailed her that it would likely be in our name this week. We were surprised she said Marriott but figure they must have merged the transfer departments. And of course its not yet in our name. We found someone at Hyatt when we called in to check if it was in our name to who is going out of his way to check into it for us on Monday. It has been slightly over 5 weeks since Hyatt has had all the paper work.
     
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  18. Sapper

    Sapper Tug Review Crew: Rookie TUG Member

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    Thank you for the correction.

    Odd they have had it for so long when they are clearing most folks so quickly.

    On the plus side, more than 30 days, so it’s yours.
     
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  19. jtmaske

    jtmaske TUG Member

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    Thanks all once again, Hyatt issued a Yay letter on the ROFR June 12 at almost 30 days out.
    The original purchase price not including maintenance and transfer fees was for a week 45 for $1025 for Unit 114, a 2 bedroom ground floor lock-off. (BTW, Week 45 is a low demand but often perfect weather week for Key West, indeed for much of Florida).
    This sale apparently is part of an estate settlement, which was not disclosed in the original eBay ad copy, and could still have problems. I would not have bid if I had to do this over.
     
    Sapper likes this.
  20. dsmrp

    dsmrp TUG Member

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    Maybe the estate settlement is the reason it took so long for Hyatt to waive ROFR. They likely were verifying that the person signing as seller had the legal right to sell or authorize transfer of ownership.
     
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