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ROFR Exercised/Passed

Discussion in 'Hilton Grand Vacations Club / HGVC' started by GT75, Oct 26, 2016.

  1. GT75

    GT75 Moderator

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    Thanks to two TUG members (@dioxide45 and @JPrisco) HGVC has been added to the www.rofr.net database. Please report all activity both failed and passed for any Hilton TS which you either purchased or sold. We should be able to then predict when Hilton with exercise ROFR once we get enough data in the database.
     
    Last edited: Jul 20, 2017
    edro0023, Mario2, OMC and 1 other person like this.
  2. Japan Spartan

    Japan Spartan Guest

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    I just received notice that ROFR was exercised on my first attempted purchase. Is there a thread or database to share the details for others reference? I'm new here and didn't see any place for it in the HGVC section.

    If anyone's curious, it was a 2BR Platinum at Sea World for $7k (7000 points). I was purchasing it through Seth Nock's site. Per them, the MFs were around $990 last year, which I know is lower than what was listed in the MFs sticky thread.
     
    jeepinjoel likes this.
  3. PigsDad

    PigsDad TUG Member

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    Thanks for posting this. A far as the MF amount goes, sometimes advertisers do not include other line items like taxes, reserve fund, etc., which can account for the difference you are seeing.

    Kurt
     
  4. Talent312

    Talent312 Tug Review Crew: Rookie TUG Member

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    Thanks for reporting this. 2BR plats are high-demand size, but it's useful to know HGVC thinks so, too.

    The issue with creating a sticky to track ROFR's is that its use can change significantly in a short period of time. It seems to depend on what it has in stock, it's inventory needs and the time of year. IOW, what they may take back today, they might let go next month.
     
  5. rahulgopi

    rahulgopi TUG Member

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    I was getting low ball offers for a Vegas Platinum 2 Br 7000 pts with ~$900 MF listed here at tugs. Good to know HGVC values platinum week over $1 per point :)
     
  6. Japan Spartan

    Japan Spartan Guest

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    Ah that makes sense. It does seem a little random, or at least hard to track. I have seen some deals that seemed a lot better than this one by going back a couple months on this board.

    Anyway, I am glad the information is helpful. Hopefully the next attempt is more successful.
     
  7. Japan Spartan

    Japan Spartan Guest

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    Thanks for the information. I was curious about this. I have seen reference to Phase 1/2/3 rooms at Seaworld, and I didn't know if that affected the MFs. Are they very consistent between rooms and resorts then?

    Looking back at my emails, I did ask the sales guy what the maintenance fees and taxes were in 2017 (it wasn't listed on the site yet, he offered it when the initial property I asked about was no longer available). His reply was: "The maintenance fees are around $990." So it could be he only gave me the maintenance fee portion of the annual fees, and not taxes, etc. as you said.

    I was OK with either to rate here or the one he gave me, so I went ahead with it.
     
  8. K2Quick

    K2Quick TUG Member

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    Unless you're looking to buy of course . . .
     
    jeepinjoel likes this.
  9. Talent312

    Talent312 Tug Review Crew: Rookie TUG Member

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    MF's at all HGVC resorts are assessed by unit-size (or classification), not by Season.
    Between resorts, they vary greatly. Among resorts, 1BR's will have different MF's.
    Seaword's phases technically have different HOA's & MF's differ slightly, but not much.

    .
     
  10. Sky313

    Sky313 TUG Member

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    Anyone know how much HGVC has in ROFR budget or when during the year it is easier for contracts to get through ROFR ?
     
  11. 1Kflyerguy

    1Kflyerguy TUG Review Crew: Rookie TUG Member

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    I don't know what their budget is, but historically i has been easier later in the year. However that was before they were an independent company. In my opinion they might behave differently now that they are independent.
     
  12. Seagila

    Seagila TUG Member

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    I think it would be helpful to have an ongoing thread on ROFR activity by HGVC. Gives us some historical data and trends.

    Any chance a mod could make a sticky of this similar to the Marriott and Vistana fora? :ponder:
     
    jeepinjoel likes this.
  13. alwysonvac

    alwysonvac TUG Lifetime Member

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    Send a PM to the moderator to setup a ROFR sticky thread
     
  14. Makai Guy

    Makai Guy Administrator

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    Have made this a sticky thread, bu with the variable nature of ROFR I'm not sure how valuable it will be.
     
  15. Cyberc

    Cyberc TUG Member

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    Maybe we should note both those sales that passes rofr and those who doesn't??
     
  16. dioxide45

    dioxide45 TUG Review Crew: Veteran TUG Member

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    I am working on incorporating HGVC in to the www.ROFR.net website. Between busy life, my limited understanding of HGVC, and the large number of resorts, it is a long process of compiling all of the different unit types. I will get there, it will just take some time.
     
  17. tk25

    tk25 TUG Member

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    I just had Hilton Grand Vacations Club exercise ROFR on my purchase offer of $12,800 for 2BRP 12,600 points at King's Land
     
    Japan Spartan likes this.
  18. ccwu

    ccwu TUG Member

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    I just heard that Hilton waived the ROFR for my 6200 points of HGVC Hawaii Village Lagoon tower one bedroom plus for $4200 from eBay today. I had a purchase of HGVC at strip, 7000 points for $5205 from eBay last year. passed too. I am a elite premier member and I don't know if that makes any difference.
     
    Last edited: Apr 6, 2017
    Japan Spartan and Elle like this.
  19. Elle

    Elle Guest

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    I'm sorry, but ads are not permitted in the TUG public forums. Please review the TUG Rules.
     
    Last edited by a moderator: Apr 12, 2017
  20. Elle

    Elle Guest

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    Thanks for all your efforts.
     
  21. thegortons

    thegortons TUG Member

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    [edit by moderator to remove ad from posting since against posting rules as noted. This can be listed in TUG Marketplace.]

    FYI - There is a no advertising rule on the forums, so don't be surprised if your posting gets edited to remove the above information which makes your posting look like an ad.

    Also, while I would consider $7000 a reasonable listing price for that ownership, just know that the TUG Marketplace already has one listed cheaper than that, so you may need to be willing to negotiate on price. Good luck!
     
    Last edited by a moderator: Apr 12, 2017
    Elle likes this.
  22. SmithOp

    SmithOp TUG Member

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    I had a 14,400 point 2BRPrem at KL pass rofr at $12,999 in Dec 2015 so timing is everything.


    Sent from my iPad using Tapatalk
     
    SkyBlueWaters and jeepinjoel like this.
  23. DazedandConfused

    DazedandConfused Guest

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    Wow....that is a great buy and you were lucky to pass ROFR
     
  24. 1Kflyerguy

    1Kflyerguy TUG Review Crew: Rookie TUG Member

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    Timing is definitely important, HGVC exercised ROFR last month on a similar 14,400 KL contract that i was trying to buy for $13,500.
     
    CalGalTraveler likes this.
  25. Sandy VDH

    Sandy VDH TUG Review Crew: Elite TUG Member

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    Perhaps they have a budget for the year for certain high demand units and by end of year the budget is exhausted. Not sure if that is the timing or not.
     

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