2020 Hilton Grand Vacations Maintenance Fees

[artteachrm]

Resort: Borgo alle Vigne (Italy)

3 BR Premier/11,500 Pts
Management Charge: €867.62
Reserves: €141.55
TOTAL AMOUNT DUE: €1009.17 ($1119.80)
*2019 MF: €923.50 ($1053.62)=8.48% INCREASE

The breakdown for individual units is not given on this statement.
The statement currency charges are in Euros.

The maintenance fee per contract above is the total fee for the number of villas owned.
Fee per Villa:
1BR 4800 pts/1 BR Plus 6200 pts €838.63 ($930.56)
(2019 MF: €765.97 = +8.66% change)
2 BR 7000 pts/ 2 BR Plus 8400 pts €936.53 ($1039.20)
(2019 MF: €872.21 = +6.87% change)
3 BR 8400 pts/3 BR Premier 11,500 pts €1009.17 ($1119.80)
(2019 MF: €923.50 = +8.48% change)

 

[artteachrm]

Resort: Grand Islander (Hawaii - Oahu)

Note: The below MFs don't include the HI GE Tax

1 BR=
1 BR 7,200 pts/1 BR Plus 9,300 pts/1 BR Premier 12,600 pts/1 BR
Premier Luxury 16,800 pts
2020 OPERATING FEE 1,129.10
2020 CAPITAL RESERVE 162.71
2020 PAINTING RESERVE 1.45
2020 REAL ESTATE TAX 124.45
TOTAL AMOUNT BILLED $1,417.71
(2019 MF= $1,303.61 @ 8.04% increase)

2 BR=
2 BR 8,400 pts/2 BR Plus 12,600 pts/2 BR Premier 14,400 pts/2 BR
Premier Luxury 19,200 pts
2020 OPERATING FEE 1,460.31
2020 CAPITAL RESERVE 255.46
2020 PAINTING RESERVE 2.28
2020 REAL ESTATE TAX 195.39
TOTAL AMOUNT BILLED $1,913.44
(2019 MF= $1749.79 @ 8.55% increase)

2 BR Penthouse=
2 BR Penthouse 17,500 pts/2 BR Penthouse Plus 21,000 pts/2 BR
Penthouse Premier 24,000 pts
2020 OPERATING FEE 3,027.37
2020 CAPITAL RESERVE 338.44
2020 PAINTING RESERVE 3.02
2020 REAL ESTATE TAX 258.86
TOTAL AMOUNT BILLED $3,627.69
(2019 MF= $3,296.82 @ 9.12% increase)

3 BR Penthouse=
3 BR Penthouse Premier 28,750 pts
2020 OPERATING FEE 3,809.28
2020 CAPITAL RESERVE 445.48
2020 PAINTING RESERVE 3.98
2020 REAL ESTATE TAX 340.73
TOTAL AMOUNT BILLED $4,599.47
(2019 MF= $4,172.96 @ 9.27% increase)

 

[phil1ben]

Resort: South Beach - McAlpin-Ocean 2 Bedroom - 7000 Annual Platinum points

Total Amount Due
2020 Operating Fee $1,199.66
2020 Reserve Fee $324.97
2020 Real Estate Tax $136.12
2020 Club Dues $182.00
Total: $1,842.75
Total WITHOUT CLUB DUES: $1660.75
Increase: 5.53%

2019 - Total $1,746.12
2018 - Total $1,686.16
2017 - Total $1,629.65

 

[GT75]

Paradise - 1 BR

2020 Operating Fee - $484.43
2020 Reserve Fee - $191.20
2020 Real Estate Tax - $25.31
2020 Total - $700.94

 

[GT75]

3BR SeaWorld (OVSI)

2020 Operating Fee - $758.51
2020 Capital Reserve - $317.98
2020 Painting Reserve - $10.48

TOTAL (ex RE tax) - $1086.97



1BR SeaWorld (OVSII)

2020 Operating Fee - $540.37
2020 Capital Reserve - $169.26
2020 Painting Reserve - $7.07

TOTAL (ex RE tax) - $716.70

 

[GT75]

The Residence Club - 1BR Penthouse Platinum Season (16800 pts)

Total: $2,914.73 (Increase $98.86 or 3.51%)

 

[cclaffey]

• Resort Name/Unit Size - TUSCANY I-DRIVE/2BED GOLD 5,000PTS
• Operating Fee - $846.07
• Reserve Fee - $252.68
• Property Taxes (or note if they're billed separately) - $166.02
• Developer Subsidy/ Special Assessment (where it exists) - $0.00

• TOTAL - $1264.77 (W/O CLUB DUES & ARDA)
• Increase of $67.73 or 5.83% from 2019

• 2018 Dues $1,321.93 (w/ CLUB DUES)
• 2019 Dues $1,371.04 (w/ CLUB DUES)

 

[bcjenkins]

Ocean Tower 2BR unit fees for 2020 are as follows:

Operating Fee....: $ 1,498.12
Reserve Fee......: $ __204.19
Real Estate Tax..: $ ___77.48
Hawaii GE Tax....: $ ___80.22
=============================
Total............: $ 1,860.01

 

[zerocylinders]

Barbados - The Crane:

Unit Size: 2 bedroom with ocean view and pool 19,200 points
Operating Fee: 2,919.30
Reserve Fee: 426 16
Property Taxes: 50.80
TOTAL: 3,396.26

All of which comes out to 17.69 cents per point

I will post the remaining unit MFs when I have more time and have my computer out... But this is the most MF efficient unit offered I think.

 

[sscheibel225]

My HGVC 2020 Fees:
Elara Platinum 1br 4800 pts EOYE
Operating Fee 710.63
Reserve Fee 141.54
RealEst Tax 34.64
Club Dues 182.00

I’m am an unlucky one that found TUG long after paying full ride. But I spread the TUG word whenever the time comes up.

Repeat of Post 21


Sent from my iPhone using Tapatalk

 

[Frasier]

MarBrisa 2BR Platinum 8,400 Points

2020 Operating Fee $923.96 01/01/2020
2020 Reserve Fee $210.81 01/01/2020
2020 Real Estate Tax $283.08 01/01/2020
Total for 2020 $1,417.85 3.58% Increase over 2019
Paid for 2019 $1,368.81

They do not include or report Real Estate Tax in the budget but is billed on the MF statement.

 

[mrharris03]

HGVC Craigendarroch Lodges (3BR - 8400 HGVC Points)

2020 Management Charge £ 465.93
2020 Reserve Fund £ 141.18
2020 VAT £ 121.42
2020 Disbursements £ 20.25

2020 TOTAL £ 748.78 (~ $983.90)

Increase of £ 21.79 (3%) / $ 28.63 over 2019 MFs

 

[GT75]

1BR Grand Waikikian
2020 Operating Fee - $966.26
2020 Capital Reserve - $203.48
2020 Painting Reserve - $11.82
2020 Real Estate Tax - $164.79

Note: This doesn't include HI GE Tax
2020 TOTAL - $1346.35
Increase of $99.53 (7.98%) from 2019


2BR Penthouse Grand Waikikian
2020 Operating Fee - $2766.57
2020 Capital Reserve - $418.43
2020 Painting Reserve - $24.30
2020 Real Estate Tax - $338.86

Note: This doesn't include HI GE Tax
2020 TOTAL - $3548.16
Increase of $264.81 (8.07%) from 2019



3BR Penthouse Grand Waikikian
2020 Operating Fee - $3364.44
2020 Capital Reserve - $531.50
2020 Painting Reserve - $30.87
2020 Real Estate Tax - $430.44

Note: This doesn't include HI GE Tax
2020 TOTAL - $4357.25
Increase of $332.97 (8.27%) from 2019

 

[Sandy VDH]

2BR Platinum @ Seaworld (OVS I)

7,000 annual points

2020 Operating Fee $758.51
2020 Reserve Fee $328.46
2020 Real Estate Tax $236.01

TOTAL: $1322.98
Moderator edited:
Increase of $52.78 (for OF and RF only) from 2019 or 5.1%

Are the reserves here under funded, and they are trying to make up some $$? As a percentage of OF the RF here is pretty significant. The reserve fee is 43.3% of the OF. That is very high.

 

[mrharris03]

Are the reserves here under funded, and they are trying to make up some $$? As a percentage of OF the RF here is pretty significant. The reserve fee is 43.3% of the OF. That is very high.

The statutory reserves for the property would have actually been more ($477.69), but it does appear that the reserves may be underfunded on a going basis. For example, the largest component of the reserve appears to be interior fixtures and finishes (at $232.79). Based on the reserve analysis communicated in the billing notice, the 2020 projected reserve expenses for "interior" are $1.768 million, whereas the 2020 reserve funding for interior is only $807k (with an estimated interior reserve fund balance of $1.964 million), meaning that the interior reserve fund is depleting (possibly because the average estimated remaining life for the interior is 4.28 years). The 2019-2020 EOY estimated reserve fund balance is decreasing by approximately $1.4 million as well, while the average estimated life of several components approaches 0 (including Residential Roof, Painting and Interior). This all reads as though the reserve funding may need to be increased in the coming years beyond the current levels.

 

[Anthony Schmid]

Hilton Grand Vacation Club at Coylumbridge

lodge 46 - 3 bedroom / Platinum Season - 8400 HGVC Points

Management Charge - £373.19
Reserve Fund - £186.42
VAT - £111.92
Disbursements - £0.57

Total GBP Payable - £672.10 ~$893.89 (using 1.33 exchange rate)

Lodge 1 - 2 bedroom / Platinum Season 7000 HGVC Points
(This is Original Lodge Type)

Management Charge - £344.34
Reserve Fund - £149.15
VAT - £98.70
Disbursements - £0.57

Total GBP Payable - £592.76 ~$788.37 (using 1.33 exchange rate)
Moderator added: Increase £65.23 (12.37%)

Lodge 51 - 2 bedroom / Platinum Season - 7000 HGVC Points
(This is Deluxe Lodge Type)

Management Charge - £352.67
Reserve Fund - £167.82
VAT - £104.09
Disbursements - £0.57

Total GBP Payable - £625.15 ~$832.78 (using 1.33 exchange rate)

 

[Helaine]

Fiesta American Los Cabos (FAVC) - Cabo San Lucas

1 Bedroom = 4800 points
Total MF - $936.96

2 Bedroom - 7000 points
Total MF - $1,366.40

Moderator added:
The multiplier has increased from from $0.1895/pt to $0.1952/pt.
Increase of 3.01%

 

[GT75]

Fiesta American Los Cabos (FAVC)

1 Bedroom
Total MF - $936.96

2 Bedroom
Total MF - $1,366.40

Can you add the number of point in each?

 

[Helaine]

Done!

Happy New Year!

 

[simon63]

Fiesta American Los Cabos (FAVC) - Cabo San Lucas

1 Bedroom = 4800 points
Total MF - $936.96

2 Bedroom - 7000 points
Total MF - $1,366.40

There was 10% of discount in mf and club fee if you pay by 31 Dec 2019.

 

[Helaine]

There was 10% of discount in mf and club fee if you pay by 31 Dec 2019.

True. I got the discount, but this is the actual MF for the next 12 months.

 

[cowboyfan]

• Resort Name/Unit Size - TUSCANY I-DRIVE/2BED GOLD 5,000PTS
• Operating Fee - $846.07
• Reserve Fee - $252.68
• Property Taxes (or note if they're billed separately) - $166.02
• Developer Subsidy/ Special Assessment (where it exists) - $0.00

• TOTAL - $1264.77 (W/O CLUB DUES & ARDA)
• Increase of $67.73 or 5.83% from 2019

• 2018 Dues $1,321.93 (w/ CLUB DUES)
• 2019 Dues $1,371.04 (w/ CLUB DUES)

Tuscany 3Bed Platinum 8400 points
Operating Fee - $1138.26
Reserve Fee - $ 340.16
Real Estate Tax - $265.67
Total $1,744.09

 

[canada_dude]

Resort: Lagoon Tower (Honolulu, Hawaii - Oahu)

2 BR Platnium (7,000 points)

2020 OPERATING FEE 1,279.63
2020 RESERVE FEE 349.16
2020 REAL ESTATE TAX 218.06
2020 HAWAII GE TAX 76.75
2020 CLUB DUES 182.00
TOTAL AMOUNT BILLED $2,105.60
(2019 MF= $1929.13 @ 9.15% increase)

Moderator added: Same as Post #36

 

[HuskerATL]

2 Bedroom Gold Season at Tuscany Village (Orlando)

2020 MF: Total $1,451.77
Operating Fee: $846.07
Reserve Fee: $252.68
Real Estate Tax: $166.02
Club Dues: $182
Voluntary ARDA Fee: $5

2019: $1,371.04
2018: $1,366.76
2017: $1,282.44

Moderator added: Same as Post #82

 

[GT75]

Ocean Tower (all MFs are w/o HI GE Taxes)

Ocean Tower STUDIO

Operating Fee....: $ __773.09 (+2.1%)
Reserve Fees.....: $ __101.99 (+3.0%)
Real Estate Tax..: $ ___38.70 (NC)
=============================
Total............: $ __913.78 (+2.1%)


Ocean Tower 1BR-S

Operating Fee....: $ 1,024.13 (+2.7%)
Reserve Fees.....: $ __137.38 (+3.0%)
Real Estate Tax..: $ ___52.13 (NC)
=============================
Total............: $ 1,213.64 (+2.6%)


Ocean Tower 1BR-L

Operating Fee....: $ 1,223.96 (+3.0%)
Reserve Fees.....: $ __165.54 (+3.0%)
Real Estate Tax..: $ ___62.82 (NC)
=============================
Total............: $ 1,452.32 (+2.9%)


Ocean Tower 2BR (refer to post #83 which includes HI GE Taxes)

Operating Fee....: $ 1,498.12 (+3.4%)
Reserve Fees.....: $ __204.19 (+3.0%)
Real Estate Tax..: $ ___77.48 (NC)
=============================
Total............: $ 1,779.79 (+3.2%)


Ocean Tower 3BR

Operating Fee....: $ 2,221.48 (+3.8%)
Reserve Fees.....: $ __306.18 (+3.0%)
Real Estate Tax..: $ __116.18 (NC)
=============================
Total............: $ 2,643.84 (+3.5%)



Thanks to @bcjenkins