Hello Folks,
Got a Hilton Bayclub 14000 Biennial Platinum for a great price on the resale.
Just have few questions:
1) Since it is Biennial and its 14000 points and I can't use all the points in one year (We are in our early 30s with a baby and don't get that much time off at work), does it cost me to bank the points and use it? If yes, how much for banking and how much for using it in the next year?
2) I have seen multiple posts saying biennial ownerships are not that popular. Why is that?
3) The MF is around ~$3k every two years but I figured since I am paying much less for the ownership, the points I get are going to be cheaper (cost per point) for the next 10 years atleast.
4) Also, the deed says its even year award with odd year usage. Meaning I have to pay the MF in 2018 for the points I get in 2019. Is this normal?
5) Also, since Bay club is an affiliate HGCV, are there any negatives in getting into HGCV ownership this way?
Really appreciate the inputs. I hope I don't have to rescind based on your inputs (really excited to be an owner).
Thanks again,
spdhanr
Got a Hilton Bayclub 14000 Biennial Platinum for a great price on the resale.
Just have few questions:
1) Since it is Biennial and its 14000 points and I can't use all the points in one year (We are in our early 30s with a baby and don't get that much time off at work), does it cost me to bank the points and use it? If yes, how much for banking and how much for using it in the next year?
2) I have seen multiple posts saying biennial ownerships are not that popular. Why is that?
3) The MF is around ~$3k every two years but I figured since I am paying much less for the ownership, the points I get are going to be cheaper (cost per point) for the next 10 years atleast.
4) Also, the deed says its even year award with odd year usage. Meaning I have to pay the MF in 2018 for the points I get in 2019. Is this normal?
5) Also, since Bay club is an affiliate HGCV, are there any negatives in getting into HGCV ownership this way?
Really appreciate the inputs. I hope I don't have to rescind based on your inputs (really excited to be an owner).
Thanks again,
spdhanr