2020 Hilton Grand Vacations Maintenance Fees

[AA1002]

Miami McAlpin Ocean Plaza/1BR
Operating Fee-$811.59
Reserve Fee-$219.83
Property Taxes-$89.66
Total-$1,121.08

Same sized unit/season already posted #16.

 

[lds337]

Ocean 22 - 2 BR Plus (2BP) - 8,400

2020 Operating Fee - $799.06
2020 Reserve Fee - $202.70
2020 Real Estate Tax - $53.49
2020 Total - $1,055.25 up 2.8% over 2019

$0.1256 / point


Ocean 22 - 1 BR Plus (1BP) - 6,200

2020 Operating Fee - $624.26
2020 Reserve Fee - $133.85
2020 Real Estate Tax - $35.32
2020 Total - $793.43 up 2.5% over 2019

$0.1280 / point

 

[lds337]

Sunrise - 4 BR Plus (4LK) - 11,500

2020 Operating Fee - $1,971.74
2020 Reserve Fee - $545.13
2020 Real Estate Tax - $221.57
2020 Total - $2,738.44 up 4.4% over 2019

$0.2381 / point

 

[GT75]

Ocean Oak - 2 BR (all units are 2BR/all seasons same)

2020 Operating Fee - $914.82
2020 Reserve Fee - $201.31
2020 Real Estate Tax - $92.31
2020 Total - $1,208.44 up 1.71% over 2019

 

[Jon77]

Eagles Nest on Marco Beach - 2 BR Tower Unit - Gold Season - 5000 pts

2020 Operating Fee - $879.11
2020 Reserve Fee - $207.89
2020 Real Estate Tax - $71.16
2020 Total - $1,158.16

Increase of $34.15 or 3.038% over 2019 fees of $1,124.01

 

[Frasier]

BAY CLUB 2BR VILLA 8,400 PTS

2020 Operating Fee $1,365.32
2020 Reserve Fee $303.08
2020 Real Estate Tax $119.40
2020 Hawaii GE Tax $78.62

2020 Total $1,866.42 Increase of 4.7%
2019 Total $1,782.12



BAY CLUB 2BR PLAN "B" 7,000 PTS

2020 Operating Fee $1,178.54
2020 Reserve Fee $245.34
2020 Real Estate Tax $96.66
2020 Hawaii GE Tax $67.10

2020 Total $1,587.64 Increase of 4.7%
2019 Total $1,516.57

 

[GT75]

Valdoro Mountain Lodge - Studio - Breckenridge, Colorado
2020 Operating Fee $529.01
2020 Reserve Fee $192.73
2020 Real Estate Tax $21.67
Total 2020 MF: $743.43

Increase of $55.62 or 8.09% from 2019 ($687.81)

Valdoro Mountain Lodge - 1BR/1BR+ - Breckenridge, Colorado
2020 Operating Fee $757.18
2020 Reserve Fee $345.22
2020 Real Estate Tax $38.85
Total 2020 MF: $1141.24

Increase of $85.14 or 8.06% from 2019 ($1056.10)

Valdoro Mountain Lodge - 2BR/2BR+ - Breckenridge, Colorado
2020 Operating Fee $978.29
2020 Reserve Fee $492.96
2020 Real Estate Tax $55.48
Total 2020 MF: $1526.72

Increase of $113.75 or 8.05% from 2019 ($1412.97)

Valdoro Mountain Lodge - 3BR - Breckenridge, Colorado
2020 Operating Fee $1191.59
2020 Reserve Fee $635.49
2020 Real Estate Tax $71.52
Total 2020 MF: $1898.60

Increase of $141.35 or 8.04% from 2019 ($1757.25)

 

[GT75]

Kings' Land 1 Br Phase I & III
2020 Operating Fee: $1146.47
2020 Reserve Fee: $216.91
2020 Real Estate Taxes: $68.05
2020 Total: $1431.50
Increase: $60.07 (4.38% increase)
Note: This doesn't include HI GE Tax

Kings' Land 1 Br+ Phase II & III
2020 Operating Fee: $1018.62
2020 Reserve Fee: $163.37
2020 Real Estate Taxes: $51.23
2020 Total: $1233.22
Increase: $48.02 (4.05% increase)
Note: This doesn't include HI GE Tax

Kings' Land 3 Br Phase I
2020 Operating Fee: $1565.38
2020 Reserve Fee: $392.67
2020 Real Estate Taxes: $123.14
2020 Total: $2081.17
Increase: $99.54 (5.02% increase)
Note: This doesn't include HI GE Tax

 

[GT75]

Sunrise Lodge, Park City, UT

Studio
2020 Operating Fee: $513.51
2020 Reserve Fee: $73.10
2020 Real Estate Tax: $29.71
2020 Total $616.32
Increase: $29.46 (5.02%)

1 BR
2020 Operating Fee: $886.02
2020 Reserve Fee: $193.68
2020 Real Estate Tax: $78.72
2020 Total $1158.42
Increase: $51.56 (4.66%)

3 BR
2020 Operating Fee: $1479.18
2020 Reserve Fee: $385.69
2020 Real Estate Tax: $156.76
2020 Total $2021.63
Increase: $86.70 (4.88%)

 

[alwysonvac]

Lagoon Tower @ Hilton Hawaiian Village

NOTE: The Hawaii General Excise (GE) taxes are not included in the totals below.

Studio
OPERATING FE $ 666.44
CAPITAL RESERVE $81.84
PAINTING RESERVE $3.72
REAL ESTATE TAX $53.44
TOTAL $805.44

Moderator added:
Increase of $56.37 (7.53%) from 2019 ($749.07)

One Bedroom
OPERATING FEE $983.01
CAPITAL RESERVE $212.00
PAINTING RESERVE $9.65
REAL ESTATE TAX $138.42
TOTAL $1,343.08

Moderator added:
Increase of $111.98 (9.1%) from 2019 ($1231.10)

Two Bedroom
OPERATING FEE $1,279.63
CAPITAL RESERVE $333.97
PAINTING RESERVE $15.19
REAL ESTATE TAX $218.06
TOTAL $1,846.85

Moderator added:
Increase of $164.08 (9.75%) from 2019 ($1682.77)

Two Bedroom Penthouse
OPERATING FEE $1,566.65
CAPITAL RESERVE $451.99
PAINTING RESERVE $20.56
REAL ESTATE TAX $295.11
TOTAL $2,334.31

Moderator added:
Increase of $214.49 (10.12%) from 2019 ($2119.82)

Three Bedroom Penthouse
OPERATING FEE $1,853.65
CAPITAL RESERVE $570.00
PAINTING RESERVE $25.93
REAL ESTATE TAX $372.16
TOTAL $2,821.74

Moderator added:
Increase of $264.92 (10.36%) from 2019 (2556.82)


From the Billing Assessment Letter

A MESSAGE FROM YOUR HOME RESORT

Dear Hawaiian Village Vacation Suites Owner,

Aloha from beautiful Waikiki Beach! One of the benefits of your vacation ownership at The Lagoon Tower by Hilton Grand Vacations Club is the luxury of knowing that the maintenance of your property is in the hands of professionals. The team at your Home Resort has been hard at work preparing for your next visit, and I would like to take this opportunity to share some of those changes with you.

This year, we focused on the renovation of the lanai door project. I am happy to report the project, which began last year, is completed. The new lanai sliding glass doors and upgraded thermostats are wonderful improvements—I think you’ll be pleased on your next visit!

Changes have also taken place at the Hilton Hawaiian Village complex. These include the conversion of the Kalia Tower pool to an adults-only area, where HGV Owners can enjoy a quiet space for relaxing in the sun, and the relocation of the resident parrots to a bird sanctuary. Guests of all ages can still visit the Village’s three remaining pools, including a 10,000-sq. ft. super pool.

It’s always exciting when one of our own is recognized for providing excellent service. I am proud to share HGV Team Member Kahea Colon was named an ARDA award finalist in the Resort Assistant Manager category. The ARDA Awards Program recognizes service excellence in the vacation ownership industry. Please join me in congratulating Kahea on this achievement.

On a final note, please take a moment to review important budget information found in your 2020 Assessment Statement. We experienced several external economic pressures, both on a local and national level, that impacted this year’s assessment fees. Don’t hesitate to reach out to me if you have any questions regarding this information.

My team is committed to maintaining outstanding guest satisfaction and providing you with great memories when you visit your home away from home.

Mahalo,
Pam Yagi General Manager

2020 ASSESSMENT STATEMENT
Now available is the 2020 budget and statement for your association’s assessment, real estate taxes and annual Club dues—due by Jan. 1, 2020. The operations portion of the budget supports the daily management of your resort, while the reserves portion funds property improvements. This year, the overall combined assessment for all unit types has increased by 9.63%.

Your board works hard to contain costs as much as possible. Steps we implement to counter-balance increases include operational cost reductions and postponing minor initiatives. However, despite our best efforts, the assessment fee can sometimes be influenced by factors beyond our control. While we are not happy to share with you there has been a significant increase, we would like to break down these costs so that you can understand the external economic pressures impacting your association.

The City Council of Honolulu voted to raise property taxes for hotels and resorts to cover costs for a new rail project, which will come online in late 2020.1 As part of the Hawai’i Lodging & Hotel Association, we, and many area hotel partners, greatly opposed the increase.2 In spite of our efforts, the resolution became effective in July 2019.

In other local news, a collective bargaining agreement for area hotel workers expired in June 2018. A new agreement was reached and is now in effect, which led to an increase in wages and benefits.

On a larger scale, a record number of catastrophic natural disasters starting in 2017 and into 2019 have affected the insurance industry. The consequences of these disasters led to across-the-board increases in property insurance premiums in the hospitality industry. As a result, HGV properties experienced an average increase of 19% in insurance costs. Whenever significant insurance cost increases occur, we start the bidding process to seek competitive coverage at an affordable cost.

Your association board and resort management team remain committed to keeping costs down without compromising our service or the maintenance of your property. Please contact your resort manager, Pam Yagi, for questions about this year’s budget.

Links to News Articles:
“Honolulu City Council Approves Hotel Real Property Tax Hike, Budget Increases,”
https://www.hawaiipublicradio.org/post/honolulu-city-council-approves-hotel-real-property-tax-hike-budget-increases#stream/

“Hawaii Tourism Industry Opposes Proposed Property Tax Increase, Says It’s Paying for Rail,”
https://www.hawaiipublicradio.org/post/hawaii-tourism-industry-opposes-proposed-property-tax-increase-says-its-paying-rail#stream/
​

 

[Finsadbel]

Elara 1 BD Grand 5000 Points Gold

Operating Fee- $710.63
Capital Reserve- $141.54
Painting Reserve- $0.00
Real Estate Tax- $34.64

Total- $886.81

Same as Post 21

 

[Jeff Kenyon]

HGVC at Anderson Ocean Club
Studio:
2020 Operating Fee $519.85
2020 Reserve Fee $79.60
2020 Real Estate Tax $33.89
Total 2020 MF: $633.34
Increase of $35.70 or 6.0% from 2019 ($597.64)

1BR, 1BR Plus:
2020 Operating Fee $635.04
2020 Reserve Fee $112.51
2020 Real Estate Tax $47.90
Total 2020 MF: $795.45
Increase of $40.13 or 5.3% from 2019 ($755.32)

2BR, 2BR Plus:
2020 Operating Fee $931.85
2020 Reserve Fee $197.32
2020 Real Estate Tax $84.01
Total 2020 MF: $1213.18
Increase of $51.57 or 4.4% from 2019 ($1,161.61)

3BR Plus:
2020 Operating Fee $1070.57
2020 Reserve Fee $236.95
2020 Real Estate Tax $100.88
Total 2020 MF: $1408.40
Increase of $56.95 or 4.2% from 2019 ($1,351.45)

 

[CanuckTravlr]

Ocean 22, Supplement to Post #52:

Ocean 22 - 3 BR Plus (3BP) - 9,600

2020 Operating Fee - $935.12
2020 Reserve Fee - $256.28
2020 Real Estate Tax - $67.63
2020 Total - $1,259.03 up 2.95% over 2019

$0.1311 / point

I note there appears to no longer be any developer subsidies in the 2020 budget. I presume this is because all (or substantially all) of the units have now been sold. This would make sense, since my understanding is the sales office has now been closed and moved to Ocean Enclave. The space previously occupied by the sales staff and the model suites will now be converted to their ultimate use.

 

[dgoldfarb]

Hilton Club of New York, 7000 Points

2020 Operating Fee $1670.20 ( +$35.70, +2.18%)
2020 Reserve Fee $188.30 ( +$24.50, +14.96%)
2020 Real Estate Tax $270.20 ( +11.80, +4.57%)

TOTAL $2128.70 (+$60.20, +2.91%)

MF per point 30.41 cents/pt (previously 29.55 cents/pt)

Also, note that the HCNY "Club Dues" are now $309 (previously $299), an increase of $10/3.3%

Yes, just to confirm this, I have 14,000 Hilton Club points, and everything is exactly double. Just to make sure I'm paying the same as you! I also have Residences and W. 57th St, all cheaper. While pricey, it's much easier for us to get into Hilton Club on short notice, easier to get 1 or 2 nights as well. We once traded out of some our Hilton Club points and later regretted it, then got back in.

 

[PigsDad]

The Charter Club of Marco Beach 2BR Platinum (7000 points)
Note: all units are 2BR at this location

2020 Operating Fee $888.19
2020 Reserve Fee $247.82
2020 Real Estate Tax $56.60
Total 2020 MF: $1,197.61

Increase of $33.61 or 2.9% from 2019 ($1,164.00)

Kurt

 

[PigsDad]

The Surf Club of Marco Island 2BR Platinum (7000 points)
Note: all units are 2BR at this location

2020 Operating Fee $889.57
2020 Reserve Fee $283.56
2020 Real Estate Tax $72.54
Total 2020 MF: $1,250.67

Increase of $26.14 or 2.1% from 2019 ($1,224.53)

Kurt

 

[PigsDad]

SeaWorld (Orlando Vacation Suites II)
3BR Platinum (8400 points)

2020 Operating Fee $996.41
2020 Reserve Fee $325.92
2020 Real Estate Tax $245.48
Total 2020 MF: $1,572.81

Increase of $85.80 or 5.8% from 2019 ($1,487.01)

Kurt

 

[ThierryJapan]

Grand Waikikian 2BR Platinum 14400 points

Operating expenses $1,249.37
Reservation fee $329.43
Real estate tax $252.15
Hawaii GE Tax $74.39
Total $1,905.34

Increase of $153.98 or 8.79% from 2019($1,751.36)

 

[GT75]

Grand Waikikian 2BR Platinum14400 points

Does this include the HI GE Tax?

 

[RX8]

Grand Pacific Palisades, 2 BR Platinum fixed summer week, 8,400 points, Annual

Operating Fee: $924.08
Reserve Fee: $298.91
Property Taxes: $177.37 (billed with MF)
TOTAL: $1,400.36

2019 MF was $1,319.89, an increase of $80.47 or 6.10%. MF per point is 16.7%

 

[junk]

Grand Islander, 1BR Luxury Ocean View 16800pts.

2020 Operating Fee $1,129.10
Reserve Fee. $164.16
Real Estate Tax. $124.45
Hawaii GE Tax. $60.94

Total $1,478.65

 

[Ralph Sir Edward]

BAY CLUB - 2 BDR "A" PENTHOUSE

2020 Operating Fee $1,239.49
2020 Reserve Fee $264.18
2020 Real Estate Tax $104.08
2020 Hawaii GE Tax $70.86

Total $1,678.61

(2019 $1,606 - Increase of 4.52%)

 

[ThierryJapan]

Does this include the HI Real Estate Tax?

Not the Hawaiian GET

 

[Cyberc]

Here are all the MF for West 57th.


Studio / Studio PR: $1,576.24


1 BR / 1 BR Plus / 1 BR Prem 1BR: $2,491.76 (Increase of $116.18 {4.89%})

Penthouse: $3,597.76 (Increase of $196.64 {5.78%})

 

[mtm65]

HGVC Tuscany Village (International Drive)
Do not have all real estate taxes, please feel free to modify to add the RE taxes.

One Bedroom
2020 Operating Fee $ 594.05
2020 Reserve Fee $ 177.23
2020 Real Estate Tax $ ?
Total $ 771.28 (w/o RE Taxes)

Two Bedroom
2020 Operating Fee $ 846.07
2020 Reserve Fee $ 252.68
2020 Real Estate Tax $ 255.70 (7,000 point Platinum)
Total $ 1,354.45​

Three Bedroom​

2020 Operating Fee $ 1,138.26
2020 Reserve Fee $ 340.16
2020 Real Estate Tax $ ?
Total $ 1478.42 (w/o RE Taxes)​