Yes and no. If you are an owner using your timeshare, or using the points from your timeshare to make a booking, Hyatt Hotel status means nothing. If you are booking an HVC property through Hyatt hotels (Ie, Hyatt.com), then in some cases, yes. For example, I stayed at Highlands Inn as booked through Hyatt Hotels (it was one additional day added on to our one owned week, but the stay showed to Hyatt as one night at this property). The front desk said that we could just stay in our unit for the additional night (as opposed to moving to the hotel side, technically an upgrade to a basic room), and in the morning we had breakfast for four (two adults, two kiddos) at the fancy on-site restaurant (bill of apx $120). The breakfast was removed from our bill.