[**2008**] Hyatt Residence Club - good or bad for Vacation Club owners?

[mjm1]

I understand that Hyatt sold (or is selling) part of the Northstar property to the Welk Resort Group, in which we own. Do any Hyatt owners know why they are doing this? What are your thoughts about and experiences with the Northstar property? I would appreciate any insights you can provide.

 

[jbercu]

Time will Tell

I understand that Hyatt sold (or is selling) part of the Northstar property to the Welk Resort Group, in which we own. Do any Hyatt owners know why they are doing this? What are your thoughts about and experiences with the Northstar property? I would appreciate any insights you can provide.

I booked and stayed two night stay with club points in Mid-April 2013- Just before Northstar closed. Skiing was great and convenient. According to people in the know, Building one has 30 units. 10 in the Club, 10 owned outright, and 10 purchased by Welk, including two lots for two additional buildings. The 10 Club units will most likely stay in the Hyatt Club.

Time will tell if info is correct.

 

[mjm1]

I booked and stayed two night stay with club points in Mid-April 2013- Just before Northstar closed. Skiing was great and convenient. According to people in the know, Building one has 30 units. 10 in the Club, 10 owned outright, and 10 purchased by Welk, including two lots for two additional buildings. The 10 Club units will most likely stay in the Hyatt Club.

Time will tell if info is correct.

Thanks jbercu. The partial purchase of units and the adjacent land for future development is consistent with the little bit of information I learned from Welk. Welk developments are high quality, so whatever they do with the land should maintain the quality of the Hyatt units. Looking forward to having availability in the north shore.

 

[lizap]

Will the fractionals like Siesta Key and Miami be easier to get (via internal system) after they have been open for a few years?

 

[MaryH]

Not necessarily since some are whole condos. reservations only come into HRC when siesta key owner trade their time for points. considering the mf they pay nor many do it.

Miami i believe are some apt buildings hyatt got into relationship to rent as hotels and some are in the hrc

 

[lizap]

Mary, do you know approx. how many (a lot, few, etc.) owners at Siesta key and Miami could potentially trade in their weeks for points? I have heard of Siesta Key and Northstar internal availability, but not Miami.

Not necessarily since some are whole condos. reservations only come into HRC when siesta key owner trade their time for points. considering the mf they pay nor many do it.

Miami i believe are some apt buildings hyatt got into relationship to rent as hotels and some are in the hrc

 

[MaryH]

I had seen Miami Blue a while back on HRC as well as Siesta Key but have not seen Northstar personally.

Sorry don't know the numbers.

 

[lizap]

Thanks Mary. I saw a post a while back where someone said he saw a Northstar listing..

I had seen Miami Blue a while back on HRC as well as Siesta Key but have not seen Northstar personally.

Sorry don't know the numbers.

 

[tahoeJoe]

History - Good Deal or Bad Deal?

Its easy to be a Monday morning quarterback, especially with archived threads, but this comment from April 2008 caught my eye.

THX1965,

People will look back in 5-7 years and say wow I got a 2200 point level of 21k-23k what a deal that was.

It has been almost 6 years since this was posted. So what do people think? Is/was 2200 points for $21k-$23k a good deal? Thoughts?

 

[Kal]

About a month ago I met a guy who proudly announced that he just bought from Hyatt a very nice unit at Sunset Harbor (1880 points) for $34,000.

I suggested he look at redweeks and notice the number of Sunset Harbor units. [The average price is about $10-11K].

I thought about offering him a bag of vintage muffler bearings, but he might not have enough coin.