Basics of exchanging with independants? [Hyatt]

[heathpack]

Can someone explain to me some of the basics of exchange with the independants?

Specifically, I called TPI today to see if I could deposit a Hyatt studio week I have reserved. They said they have never before received a Hyatt deposit(?!) and were not sure I would be "allowed" to deposit it, I would need to call Hyatt to find out.

I do not understand this, how could Hyatt prevent me from depositing the week if I hold a confirmed reservation and can issue a guest certificate? Even if Hyatt does not work directly with TPI, why could I not just issue the guest certifacte when the time came? When I asked this of the TPI rep, she said that Hyatt only allows deposits with II, but I pointed out that I have deposited with SFX before and Hyatt has no official affiliation with SFX. Maybe I fundamentally do not understand how the process works?

Rep seemed reluctant to try to investigate on her end if a Hyatt deposit was possible.

I will admit I have little experience with the independants. Did I come across a lazy or disinterested rep? Or were her answers correct? Would this be generally to be extrapolated across to other independants, or it this response something unique to TPI?

BTW, the deposit in question is a club reservation, ie I own a Hyatt but was looking at depositing a reservation that I am holding for another resort (although I never got that far into detail with the TPI rep). Similar to if someone booked a DVC or HGVC reservation using their points. I was considering trying to book a Napa Riverpointe or Grand Mayan and TPI would be the most cost effective way for me to do this- more so than SFX or II for this particular scenario.

Thanks for any insight.

H

 

[DeniseM]

Hyatt can block it by refusing to transfer the deposit to TPI.

BTW, the deposit in question is a club reservation, ie I own a Hyatt but was looking at depositing a reservation that I am holding for another resort (although I never got that far into detail with the TPI rep). Similar to if someone booked a DVC or HGVC reservation using their points.

I don't know how Hyatt works, but with most exchange companies you can only deposit exactly what you own. For instance, with Starwood, I can't use my Staroptions to trade for another resort, and then deposit the 2nd resort. Would you be allowed to deposit this kind of week in II?

 

[heathpack]

Hyatt can block it by refusing to transfer the deposit to TPI.



I don't know how Hyatt works, but with most exchange companies you can only deposit exactly what you own. For instance, with Starwood, I can't use my Staroptions to trade for another resort, and then deposit the 2nd resort. Would you be allowed to deposit this kind of week in II?

With Hyatt in II, I don't deposit the week I own. I deposit whatever number of points I want to, even if it is only 1% of my yearly usage. My actual week does not get deposited with II as a result of my decision to deposit. Basically, I give my week back to Hyatt and they use it
however they see fit. They eventually give II deposits that are equal in value to the total number of points used by Hyatt owners through the year.

However with SFX, I can deposit any club reservation I can obtain. When SFX matches the week, I issue a guest certificate to the SFX exchanger and send it back to SFX. I assumed that was how all the independents worked.

H

 

[DeniseM]

When I've done independent deposits with SFX or HTSE, I just sent them my reservation confirmation info. and they took over from there. No guest certificate involved.

My guess is that TPI doesn't get many deposits from the hotel affiliated TS resorts.

Hopefully, a Hyatt owner will chime in here.