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Elara's impact on Right of First Refusal

Remy

TUG Member
Joined
Jun 10, 2011
Messages
666
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Points
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Location
Kansas
Resorts Owned
Hilton Grand Vacations Club on the Boulevard, Hyatt Residence Club Wild Oak Ranch
Now that HGVC has another 50,000 or so weeks of inventory available to sell at Elara Las Vegas (former Westgate Planet Hollywood Tower), does anyone have insight on what impact the large amount of unsold weeks will have on Right of First Refusal at the other Vegas properties? Since the beginning of 2010, the Vegas weeks have slowly increased in the sales price necessary to beat ROFR. In that time ROFR for a 2 br Platinum has gone up almost 30%. With so many new weeks, will HGVC be aggressive in buying units back to resell if there's a chance they will be holding onto them along with 80% of the Elara property?

I'd say there's a parallel in the building of the GW having an impact on the HHV Lagoon Tower, but those properties have big differences in sales price, MF and point value that it's hard to compare apples to apples.
 
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