Article on rebranding of Diamond Properties

[artringwald]

I own 3 deeded weeks at the Point at Poipu. If owners pay Diamond to take back their deeded weeks then they could go to HGVC. Diamond also gets back weeks by covering the MF's for any owner that doesn't pay the HOA. In return, if they foreclose on the ownership, the HOA transfers ownership to Diamond. Those foreclosed weeks could also go to HGVC. HGVC could also use Right of First Refusal (ROFR) on anyone selling deeded weeks. In any case, my deeds say that I have the right to reserve the weeks I own, and that won't change no matter which management company is hired by the HOA. As long as I've been an owner, Sunterra/Diamond had always controlled the HOA vote, and always hired themselves to manage the property. The HOA pays Diamond a substantial amount for management, but I don't know if it's more or less than other HOA's pay for property management.

 

[dioxide45]

But if HGV takes those weeks back, what do they do with them? Sell them as Hilton weeks that are automatically in the club? Hilton doesn't have trusts like DRI does. They would just be selling them to other owners at Hilton weeks and Hilton is then relying on those owners to either book another club resort or wait till the club period to be able to take that week for use by the club.

 

[T_R_Oglodyte]

HGVC could also use Right of First Refusal (ROFR) on anyone selling deeded weeks.

ROFR is over at Poipu. It had a 25-year life from when sales started

 

[Julieorchard2]

These would be fantastic additions! Cabo is a short flight from California...will go there on long weekends once Covid is under control. (Hmmm...May need to buy more resale points next year. I was going to pull the trigger this year on more Vistana mandatory but now thinking about adding to HGVC. )

@GT75 I believe Kaanapali and Poipu still have weeks owners in addition to Hawaiian Collection owners. I would expect the property would be accessible to both with the weeks owners going to HGVC and the points trust remaining in HVC. I hope there are still significant number of weeks owners remaining or the inventory will be slim pickings for HGVC owners. Some inventory is better than none though.

Now remaining on my list: Sedona, CA Desert, and Tahoe.

I am a weeks owner who bought from Embassy vacation resort. I own two weeks that are deeded to me. I have never changed to points with either Sunterra or Diamond. We only go to Ka’anapali every year and that all we do. There are quite a few of us legacy owners whose weeks will not become part of HGVC as we have nothing to do with Diamond.

 

[trippka]

These would be fantastic additions! Cabo is a short flight from California...will go there on long weekends once Covid is under control. (Hmmm...May need to buy more resale points next year. I was going to pull the trigger this year on more Vistana mandatory but now thinking about adding to HGVC. )

@GT75 I believe Kaanapali and Poipu still have weeks owners in addition to Hawaiian Collection owners. I would expect the property would be accessible to both with the weeks owners going to HGVC and the points trust remaining in HVC. I hope there are still significant number of weeks owners remaining or the inventory will be slim pickings for HGVC owners. Some inventory is better than none though.

Now remaining on my list: Sedona, CA Desert, and Tahoe.

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I was a weeks owner of a 2BR at Kaanapali. They were allowed to raise the maintenance fees 25% per year, and they did. I was paying nearly $5000/year in maintenance for 1 week. They got me to convert to points to lower my fees. They have their ways. Not sure there are a whole lot of weeks owners left, as many just walked away.

 

[trippka]

We are not able to book online through the Diamond website, but have to call or email the KBC resort directly and request to book the week we want. Or if we want to exchange through Interval, we call/email the resort and ask them to deposit our week with Interval (they are not depositing a specific week in II, just our floating week, so I am not sure how it works behind the scenes in terms of what Interval gets.) We also have the option to deposit into DEX but have never voluntarily done so.

I believe that the new website does allow you to book your traditional week now. You might prefer calling, but with the time difference, I liked booking my last visit online.

 

[trippka]

As a DRI member who only goes to Poipu, Kaanapali and Cabo, I am very interested in what all this means. Only time will tell. I will be at Kaanapali soon, and Cabo in a few months. I am sure they will have a lot of stories to tell.

 

[pedro47]

Hilton may have a problems with their two Williamburg resorts. The majority of the owners at these two (2) resorts are in The DRI Club;. They are DRI points members and they exchanges within The Club and with II prior to 01/01/2022.

Beginning in 2022 all Diamond Club members will be exchanging with RCI or unless they pay their own membership fees to remain with II. IMHO