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ROFR Exercised/Passed

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

  1. letsgobobby

    letsgobobby TUG Member

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    How do you learn what the official selling/list price is?

    I'm looking at a 2 BR plat at Lagoon, so 7000-9600 ponts depending on unit. I've seen 7000 points for around $11k-$15k, and 9600 points (much harder to find) $25k-$28k.
     
  2. GT75

    GT75 Moderator

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    While we are waiting for the developer's of the ROFR db, I ran my own linking to the points on the data that we have collected so far:

    Hilton ROFR.png
     
    mscheribel59, Panina and fillde like this.
  3. junk

    junk Guest

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    Lagoon 2BR current approx. selling price.
    7000pts 52k
    8400pts 60k
    9600pts 90k (OF)

    In order to avoid ROFR, it may be required to be greater than following number.
    52x0.3=15.6k
    60x0.3=18k
    90x0.3=27k

    If you want to have accurate most recent price, you can ask HGVC.
     
  4. junk

    junk Guest

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    FYI
    $25000 for OF, 9600pts. didn't go through.
     
  5. letsgobobby

    letsgobobby TUG Member

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    That's a great data point, though not great news!
     
  6. fillde

    fillde TUG Member

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    I believe you will find HGVC exercising Rofr on most of the Hawaiian properties. You just have to visit and see who is buying. There is a heavy Asian presence. Japan were the predominate buyers in the past. From what I was told during my last visit, China and Korea have overtaken them.

    I guess they are not aware of TUG in those countries so they are buying retail! So, why wouldn't Hilton exercise ROFR when they know they will get top dollar.
     
    Last edited: Aug 7, 2017
  7. GT75

    GT75 Moderator

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    I am not sure that I understand what you are basing your conclusions or numbers on. Can you explain? I also really don't think that asking HGVC is a viable option for us.
     
  8. junk

    junk Guest

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    2016 price
     

    Attached Files:

  9. junk

    junk Guest

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    EOY

    You have to convert to annul by multiplying by 0.65
     
  10. junk

    junk Guest

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    Sorry divided by 0.65 is correct
     
  11. junk

    junk Guest

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    Hilton is tend to excercise ROFR on the units in Honolulu which has less than 30 percent of current official selling price.
    In order to find current official prices, you can always ask to HGVC or search internet. Some agent in Honolulu also has the list of current official selling prices. 99% of platinum units which has less than 25% of official selling price will be taken by Hilton.
    HGVC is aggresively buying back property in Honolulu except for Grand Islander and Hokulani with decent prices.
    If somebody want to sell the properties in Honolulu, you should ask Timeshare Hawaii to proceed buying back by Hilton before list as resale.
    Since there is no new development in Waikiki now, HGVC is trying to fill their inventory in order to sell it to Japanese, Chinese and Korean at tripled price.

    I believe that is reason why properties in Honolulu has unreasonably hugh price. The right of home week reservation is important in Waikiki because of competion to reserve the room.

    I hope I have answered your question.
     
  12. junk

    junk Guest

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  13. GT75

    GT75 Moderator

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    Update to the rofr.net db currently in development by the developers. They are working on displaying the points for HGVC in both the input form and report listing. As I have said previously, the points are already there, just not displayed, when you select resort, unit, season. There is currently the report listing under development.
    Screen Shot 2017-08-15 at 7.20.21 AM.png
     
    dioxide45 likes this.
  14. Keyur

    Keyur Guest

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    Does anyone know about the Craigendarroch Lodges (Scotland) property asking price for a 2Bed Platinum 7000pts every year? How much should be the ideal deal so that HGVC doesnt exercise ROFR?

    Great work everyone and the posts are very helpful for newbies like me.
     
  15. dioxide45

    dioxide45 TUG Review Crew: Veteran TUG Member

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    It is great to see that ROFR.net is being use by Hilton buyers and owners. Lots of new records being added for Hilton purchases!
     
  16. eabishop2

    eabishop2 TUG Member

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    HGVC Elara, Las Vegas
    1 BR Grand Plus Platinum at Elara - 7800 pts
    $8500 +closing

    Our first HGVC purchase. We are very excited!

    Database has been updated.
     
  17. GT75

    GT75 Moderator

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    Congratulations and welcome to HGVC. I hope that you enjoy.
     
  18. marinskas

    marinskas TUG Member

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    How did you find/where did you buy?
     
  19. eabishop2

    eabishop2 TUG Member

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    Tahiti Village, Las Vegas
    HGVC Elara, Las Vegas
    Seth Nock's site: sellingtimeshares.net
     
  20. GT75

    GT75 Moderator

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    Would you recommend based upon your experience?
     
  21. eabishop2

    eabishop2 TUG Member

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    So far so good. We are working with Samuel. He's been fine. We are still early in the process, as we just found out that Hilton waived ROFR. I'll report back when the sale closes with a better assessment.
     
  22. taterhed

    taterhed TUG Member

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    I've purchased 2 from Seth's shop using Samuel. Both sales went smoothly.
    I'm trying to sell/buy right now.....hoping to see some action soon. They must be busy.....
     
  23. loosefeet

    loosefeet Tug Review Crew: Rookie TUG Member

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    Recent $6500 for 2 BR 7000 point package at HGVC Las Vegas Paradise Blvd FAILED ROFR--got my deposit back.
     
  24. GT75

    GT75 Moderator

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    Have you or can you add to rofr.net database?
     
  25. ccwu

    ccwu TUG Member

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    how to edit the rofr.net. I input 2 entries. I need to delete one. It is the Hilton Club NY. You need to add 'points' & season. Hilton Club NY does not have season, it currently only sell points, mf is by points (no room size, no season.) I listed as platinum. my points can book 6 days two bedroom. My ebay winning bid was $8500. Closing cost is $2,000. The closing company presented to Hilton as the sale price for $10,500 and it passed the ROFR. The bedroom count does not make sense. some 3500 points are for 2 bedrooms.
     
    TheCryptkeeper likes this.

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