2021 Hilton Grand Vacations Maintenance Fees

[mrharris03]

Kings' Land 2BR Platinum/Fixed 51 (Phase 2), 7000 Points

2021 Operating Fee $1231.36
2021 Reserve Fee $256.39
2021 RE Tax $79.07
2021 Hawaii GE Tax $70.10
TOTAL $1,636.92

Decrease of $10.79 (-0.65%) from 2020 ($1647.71)

I can't edit my original post, but a credit (to the RE tax) appears to have been posted on my Kings' Land contract. The online MF detail now reflects a decrease of $66.78 from what was originally posted.

2021 Operating Fee $1231.36
2021 Reserve Fee $256.39
2021 RE Tax $12.29
2021 Hawaii GE Tax $70.10

TOTAL: $1570.14
Decrease of $77.57 (-4.70%) from 2020 ($1647.71).

 

[mrharris03]

The Residences by Hilton Club - 1 Bedroom Penthouse (GOLD, 11,600 points)

2021 Operating Fee: $ 2,416.79
2021 Reserve Fee: $ 235.47
2021 Real Estate Tax: $ 256.58
TOTAL 2021 MF: $ 2,908.84 (increase of $5.89 or 0.20% over 2020 MFs)

2020 MF: $2,914.73

A credit was posted against these MFs. The letter that transmitted the budgets for the Residences by Hilton Club said, "As a result of this cost savings, we are pleased to return $900,000 of the operating surplus back to Owners. This will be reflected in the 2021 maintenance fee invoice for current Owners with annual and even-year biennial occupancy."

The revised MFs reflected online no longer reflect any Real Estate tax or Reserve fee (presumably zeroed out with the credit). The total credit for my ownership appears to have been $499.16.

2021 Operating Fee $2,409.68 (decrease of $505.05 or 17.3% from 2020 MFs).

 

[GT75]

I can't edit my original post

Thanks, I will edit each post for you. @mrharris03, please check post #13 correction and math.

 

[mrharris03]

Thanks, I will edit each post for you. @mrharris03, please check post #13 correction and math.

Thanks - I think the total credit amount is $499.16 ($2908.84 - $2409.68). Hopefully, the statements will itemize the credit separately when they are generated, as the online payment system just seems to zero out various line items in the summary for now.

 

[GT75]

After looking at my MF bill for Sunrise Lodge, I noticed the 2021 Owners Credit line item. Since this the amount that was subtracted from either our payment for RE taxes/HI GE Tax. Therefore, I have revised the postings to more accurately reflect.
@Kokolea @mrharris03 @SmithOp

 

[mrharris03]

Hilton Club of New York, 7,000 Points

2021 Operating Fee $1656.90
2021 HOA Operating Fee Credit $518.70
2021 Reserve Fee $188.30
2021 RE Tax $283.50

TOTAL: $1612 (Decrease of 24.37%)

MFs per point = $0.30

2021 Hilton Club Fee = $313 (+$4 from 2020)

**This figure may change as a result of application of credits relating to the closure of the Hilton New York. My Residences bHC contract was credited after the MFs posted. I'll keep an eye on this before paying it and update if a credit is applied.

Moderator update amounts per Post #92

 

[skier4]

• Resort Name/Unit Size: Ocean Enclave 1 bdrm plat (4800 pts)
• Operating Fee: $615.57
• Reserve Fee: $127.71
• Property Taxes: $57.28
• TOTAL: $800.56

According to the billing notice there was no increase in MF for 2021. (I'm an EOY contract and this is my first "regular" or full year)

 

[CalGalTraveler]

West 57th Studio Any season

2021 Operating Fee	$1,251.97	01/01/2021
2021 Reserve Fee	$162.96	01/01/2021
2021 Real Estate Tax	$161.32	01/01/2021

Total: $1576.25

Flat YoY 2020 (increase of $.01 cent)

 

[GT75]

West 57th Studio Any season

@CalGalTraveler, please check your account in a few days (or billing statement when it comes out) to see if you receive an HOA Surplus Credit {you may see RE tax/ Reserve Fee drop} .

 

[CalGalTraveler]

@GT75 Will keep an eye out for it.

 

[CalGalTraveler]

If they are asking for the full amount online how would the HOA credit be applied?

 

[GT75]

If they are asking for the full amount online how would the HOA credit be applied?

The online system doesn’t have an optional line item for this, so on the resorts which I am familiar with the RE taxes were decreased to cover this. But I have only received one statement so far. I am thinking that this is the method which they are using for all affected resorts.

The change was made a few days after initial posting.

 

[ccwu]

NY Hilton Residence Club 16,800 points (one bedroom penthouse platinum)
2021 maintenance fee $2409.68 (vs 2914.73 in 2020) reduction of $505.05
NY Hilton Club 10,000 points (pure points system)
2021 maintenance fee $2813.10 (vs 3350 in 2020) reduction of $536.90
King's Land 12,600 (two bedroom premier, platinum season)
2021 $1839.82 (vs 1851.22 in 2020) reduction of $11.40

I was pleased with the reduced MF. I called to complain to NYC about they keeping cancelling my reservation in 2020 for Covid. They did tell me that the MF would be reduced because the closing of the resort saved operating cost.

I can not find the breakdown.

Moderator added: The Residence Club previously reported in Post #13 and King'sLand 2Bd in Post #59/58.

 

[GT75]

I can not find the breakdown.

When you get your MF bill(s), can you repost? That will be important this year because of the HOA Owners surplus amount being returned to owners.

 

[dsmrp]

Bay Club, 2 bdrm Plat (Style A), 7000 pts
($650K operating surplus returned to owners)

2021 Operating Fee $1,226.86
2021 Reserve Fee $264.18
2021 Real Estate Tax $32.67
2021 Hawaii GE Tax $70.25

2021 TOTAL $1,593.96 a decrease of $84.55 or -5.0%
2020 MF $1,678.51

 

[GT75]

($650K operating surplus returned to owners)

When you see your actual MF bill, can you repost? That will be important this year because of the HOA Owners surplus amount being returned to owners.

 

[mrharris03]

Hilton Club of New York, 7,000 Points

2021 Operating Fee $1656.90
2021 Reserve Fee $188.30
2021 RE Tax $283.50

TOTAL: $2128.70 (flat from 2020/RE tax is higher and Operating Fee is lower by offsetting amounts)

MFs per point = $0.30

2021 Hilton Club Fee = $313 (+$4 from 2020)

**This figure may change as a result of application of credits relating to the closure of the Hilton New York. My Residences bHC contract was credited after the MFs posted. I'll keep an eye on this before paying it and update if a credit is applied.

A credit of $518.70 was just applied to this balance on the website. I haven't yet gotten the billing notice, but I imagine this is a credit representing a return of surplus since the property has been closed since March.

Effective MF per point (after credit) = $0.23

 

[dsmrp]

When you see your actual MF bill, can you repost? That will be important this year because of the HOA Owners surplus amount being returned to owners.

The MF numbers I posted were from my online account: 2021 TOTAL $1,593.96.
I'll check again later for any credit.
I thought it matched the MF budget released by HOA.
The $650K was from a Bay Club owners mtg email.

 

[KathyA]

Hilton Club New York
19,000 points (pure points system)
$4,683

No breakdown is on the website and I haven't received the actual bill yet. Oddly, it was first billed as just $1 less than last year, but the next day it was reduced to the current amount. No explanation for the change or mention of a credit, but that's clearly what it was. Last year, total fee was $6091.90, so this year's fee is $1408.90 less.

 

[GT75]

Oddly, it was first billed as just $1 less than last year, but the next day it was reduced to the current amount. No explanation for the change or mention of a credit, but that's clearly what it was. Last year, total fee was $6091.90, so this year's fee is $1408.90 less.

I had the same thing happen on 3 different MF bills. Each stated as HOA Owners Surplus on the actual bill. Since there isn't a line item for this on the online system, one or more of the other items such as RE Taxes were reduced. Can you update, once you receive the bill?

 

[JohnPaul]

West 57th St Studio

$1576.25

$313. - Club Fee w unlimited reservations

Moderator added: Same as Post #83

 

[brp]

The online system doesn’t have an optional line item for this, so on the resorts which I am familiar with the RE taxes were decreased to cover this. But I have only received one statement so far. I am thinking that this is the method which they are using for all affected resorts.

The change was made a few days after initial posting.

I just looked at W. 57th. When I went to the "make a payment now" page, it shows the amount that @CalGalTraveler listed above, with no RE reduction.

Cheers.

 

[GT75]

Valdoro, 3 bdrm Plat, 8400 pts (same amount for all 3 bdrm)

2021 Operating Fee $1,187.54
2021 Reserve Fee $635.54
2021 Real Estate Tax $66.87

2021 TOTAL $1,889.95 a decrease of $8.65 or -0.48%
2020 MF $1,898.60

 

[brp]

West 57th St Studio

$1576.25

$313. - Club Fee w unlimited reservations

Interestingly, neither of out contracts show out club fees (often they show up on the non-W. 57th contract even though they include the "all inclusive" fee. It had been there, without this, and they fixed the mistake, but now I don't see it. This seems like a pretty big increase in the "all inclusive" part of the fee.

Cheers.

 

[BK2019]

I think they are happy just getting their cut for doing the transactions.