Does Hyatt still have a deedback program?

[andre10056]

During the early summer of 2025, I contacted Hyatt via their website to explore their "buyback" program. The response (paraphrased): we won't pay you anything but we will accept back your deed.

I thought that was unacceptable as I thought I owned something of great value. I intended to try to market it on my own and I envisioned getting a good bit for it.

But life happened, I never got around to marketing it, and I still owned it in the early fall of 2025. I contacted Hyatt again via their website and then was told, "if you pay us $300, we'll take it back".

My response: outrage. To be precise, it was "You can go F yourself". I finally DID market it myself and managed to sell it for a tiny bit of money via my first visit to a Facebook Hyatt page. Deed was filed at the county in November of 2025, Hyatt was informed December of 2025.

Thereafter I read that Hyatt was now demanding $400 to do a deedback. And there was one post on TUG where the OP wrote something about the program not being active right then but might start up again during the summer. I don't know if that had to do with that person owning a Bronze low value week or anything like that (in other words, whether or not that message had to do with what he owned rather than the program in general).

I'm just curious what the program's current status may be.

 

[TBipp]

Thank you for your post as we considered going to Hyatt directly like you. I've been trying to sell a Diamond week 9 Hyatt Beach House on Tug and so far, no luck. Actually, I shouldn't say that. I posted an ad to sell Week 9 and two inquiries low balled me at $500 and I said no. Another offer came in for Week 6 which is not what we advertised. However, we do own a Week 6 at Key West Beach House, settled on a price and now waiting for Hyatt to respond under its right of first refusal. We're still trying to sell that Key West Beach House Diamond week 9 (or one of our other KW Diamond weeks) so maybe we will have more inquiries after Spring Break. My husband is in Key West now, and he said it is the most crowded he has ever seen it in the past 13 years. I may consider using eBay after hearing of your situation.

 

[bdh]

Thank you for your post as we considered going to Hyatt directly like you. I've been trying to sell a Diamond week 9 Hyatt Beach House on Tug and so far, no luck. Actually, I shouldn't say that. I posted an ad to sell Week 9 and two inquiries low balled me at $500 and I said no. Another offer came in for Week 6 which is not what we advertised. However, we do own a Week 6 at Key West Beach House, settled on a price and now waiting for Hyatt to respond under its right of first refusal. We're still trying to sell that Key West Beach House Diamond week 9 (or one of our other KW Diamond weeks) so maybe we will have more inquiries after Spring Break. My husband is in Key West now, and he said it is the most crowded he has ever seen it in the past 13 years. I may consider using eBay after hearing of your situation.

Don Heisler (realtor) is a good source for people to buy or sell Hyatt Key West timeshare weeks.

 

[dioxide45]

I'm just curious what the program's current status may be. Because if it's ON, why would anyone do this? (click on "see original listing"):

People do that because they never contacted Hyatt Vacation Club and don't know that Hyatt offers a deed back program. This is how many of these online eBay listings work. They get weeks from people that aren't educated about all their options.

Shoot. That week is in Key West is worth less than the Grande Vista week in Orlando you posted a few days ago.

 

[AJCts411]

Sold one of our weeks in Key West via red Week amd used one of the tug recommended closing companies and escrow. Sold faster than the 1 or 2 years I expected. That week IMO should be over 10K plus closing fees. No idea what you listed it for. Also, I too would recommend Don h.

 

[WorldT]

Thank you for your post as we considered going to Hyatt directly like you. I've been trying to sell a Diamond week 9 Hyatt Beach House on Tug and so far, no luck. Actually, I shouldn't say that. I posted an ad to sell Week 9 and two inquiries low balled me at $500 and I said no. Another offer came in for Week 6 which is not what we advertised. However, we do own a Week 6 at Key West Beach House, settled on a price and now waiting for Hyatt to respond under its right of first refusal. We're still trying to sell that Key West Beach House Diamond week 9 (or one of our other KW Diamond weeks) so maybe we will have more inquiries after Spring Break. My husband is in Key West now, and he said it is the most crowded he has ever seen it in the past 13 years. I may consider using eBay after hearing of your situation.

If you don't mind clarifying something. If you got a low-ball offer of $500. Why would you consider going directly to Hyatt in which case the amount you will get is somewhere between zero and -$400 (you have to pay)?

 

[SteveinHNL]

If you don't mind clarifying something. If you got a low-ball offer of $500. Why would you consider going directly to Hyatt in which case the amount you will get is somewhere between zero and -$400 (you have to pay)?

If Hyatt exercises its ROFR, I don't know if you have to pay anything. Not sure if Hyatt charges any deed/recording or transfer fees for an ROFR deal.

 

[dioxide45]

If you don't mind clarifying something. If you got a low-ball offer of $500. Why would you consider going directly to Hyatt in which case the amount you will get is somewhere between zero and -$400 (you have to pay)?

Yeah, that doesn't make sense. The same thing applies for people that use timeshare exit companies. They first try to sell their timeshare for thousands of dollars and when they get no offers they turn to pay someone thousands of dollars instead. They just don't try going to the middle and giving the timeshare away first.

 

[dioxide45]

If Hyatt exercises its ROFR, I don't know if you have to pay anything. Not sure if Hyatt charges any deed/recording or transfer fees for an ROFR deal.

The original contract is what dictates the terms of the transfer with ROFR. Hyatt is just stepping in as the buyer on the contract.

 

[SteveinHNL]

The original contract is what dictates the terms of the transfer with ROFR. Hyatt is just stepping in as the buyer on the contract.

So if Hyatt exercises ROFR, they charge a $650 transfer fee?? And deed prep costs?

 

[andre10056]

So if Hyatt exercises ROFR, they charge a $650 transfer fee?? And deed prep costs?

I don't think so. My first inquiry during early summer 2025 about what was called a "buyback" program within TUG (so that I thought they would pay me some amount of money) resulted in the following message (and I'm paraphrasing):

"You won't get anything from us but you won't have to pay anything for us to accept back the deed."

Which makes sense. Why would they charge a resort transfer fee when the transfer is back to themselves? That would be rather rude.

That was a zero dollar offer followed three months or so later by a "you have to pay us $300 and we'll accept back the deed" offer.

So getting a non-Hyatt $500 offer in which the SELLER has to pay closing costs will cause you, as a seller, to offset that $500 with a the $650 resort transfer fee plus whatever other closing costs may be (including the title company fees which will be more or less depending on whether or not they have to hold funds in escrow).

 

[andre10056]

Sold one of our weeks in Key West via red Week amd used one of the tug recommended closing companies and escrow. Sold faster than the 1 or 2 years I expected. That week IMO should be over 10K plus closing fees. No idea what you listed it for. Also, I too would recommend Don h.

You were fortunate, then. I watched Redweek sales listings for months and didn't see anything selling.