Facebook Group rumor about selling/giving points to other owners

[PigsDad]

I have noticed that several on the FB page for this thread have stated that they will use Guest Certificates instead. As you have pointed out, renting isn't allowed by the rules unless it is a Home Week. So far, no one has pointed that rule out on the FB page.

If you don't mind me asking, which Facebook group is this being discussed in? I follow several, but I don't recall seeing this discussed -- maybe I just missed it? You can PM me the link if you don't want to post it here.

Thanks!
Kurt

 

[hurnik]

If you don't mind me asking, which Facebook group is this being discussed in? I follow several, but I don't recall seeing this discussed -- maybe I just missed it? You can PM me the link if you don't want to post it here.

Thanks!
Kurt

I noticed it here:

Log into Facebook

Log into Facebook to start sharing and connecting with your friends, family, and people you know.

www.facebook.com

(HGVC Timeshares for Sale Private Party)

and lately:

Log into Facebook

Log into Facebook to start sharing and connecting with your friends, family, and people you know.

www.facebook.com

(The Best Hilton Grand Vacation Club Group)

 

[magmue]

I joined several of these groups recently, to look at resale options, and was surprised to see points being rented/sold so openly. There seemed to be a going rate, suggesting that it had been going on for quite awhile. I wondered whether the transfers that were refused by HGVC might be ones attempting it with saved points as opposed to current year points.

 

[Intheknow]

I joined several of these groups recently, to look at resale options, and was surprised to see points being rented/sold so openly. There seemed to be a going rate, suggesting that it had been going on for quite awhile. I wondered whether the transfers that were refused by HGVC might be ones attempting it with saved points as opposed to current year points.

There is no "transfer points" option available with HGV. If this was done for some it was in error, I believe. This has never been an option.

 

[dioxide45]

There is no "transfer points" option available with HGV. If this was done for some it was in error, I believe. This has never been an option.

It seems it has happened with some frequency with a three way call with HGV.

 

[magmue]

There is no "transfer points" option available with HGV. If this was done for some it was in error, I believe. This has never been an option.

I should clarify that I joined the FB groups as part of reworking our Hilton ownership, by selling some of our Bay Club ownership. There seemed to be more point auctioning than deed listings, which I had not expected, although a lot of folks have an excess of points at the moment due to the travel restrictions of the last year.

If I am recalling correctly, the initial points transfer experiment was reported about here in this forum a couple of years ago between two TUG members. None of the regulars were quite sure if it would fly.

It seems to have spread widely and rapidly since then, and at this point, HGVC members in the FB groups are quite upset that Hilton has suddenly cracked down. Folks are talking about their Rights, and about class action lawsuits. They don't get that it was never a right, and that the very public and free wheeling atmosphere around this probably contributed to its end.

 

[dayooper]

I should clarify that I joined the FB groups as part of reworking our Hilton ownership, by selling some of our Bay Club ownership. There seemed to be more point auctioning than deed listings, which I had not expected, although a lot of folks have an excess of points at the moment due to the travel restrictions of the last year.

If I am recalling correctly, the initial points transfer experiment was reported about here in this forum a couple of years ago between two TUG members. None of the regulars were quite sure if it would fly.

It seems to have spread widely and rapidly since then, and at this point, HGVC members in the FB groups are quite upset that Hilton has suddenly cracked down. Folks are talking about their Rights, and about class action lawsuits. They don't get that it was never a right, and that the very public and free wheeling atmosphere around this probably contributed to its end.

Agree completely.

 

[brp]

Folks are talking about their Rights, and about class action lawsuits. They don't get that it was never a right, and that the very public and free wheeling atmosphere around this probably contributed to its end.

And this is one of many reasons I'm not on Facebook

Cheers.

 

[1Kflyerguy]

And this is one of many reasons I'm not on Facebook

Just think of all the fun drama you are missing out on...

 

[brp]

Just think of all the fun drama you are missing out on...

I do think about it. Often

Cheers.

 

[1Kflyerguy]

Why would you not be a fan? Marriott provides the ability to transfer points between owners. In order to facilitate a transfer, the owner and renter need to be members of the "club". So the market is already pretty small. By transferring points they aren't really taking inventory away from someone else since the renter can only book from the same pool of inventory under the same rules. Offering more options for people to be able to use points or transfer them only provides more value to owners. You don't know that you may want or even need the ability to transfer points until you are stuck holding onto a whole bunch of points that will otherwise expire. Removing or taking away these options only helps to drive down the value to the owner. Hilton would be happy to have your points expire because they themselves can scarf up the leftover inventory to rent themselves for a profit.

I am both a HGV and Marriott Points owner. One of the differences may be that HGV is a deeded week, with a point overlay, and for a MVC points owner, there is no underlying week, just the Trust. Thus MVC allows points "rental" as way to allow me to rent what I actually own, which is points.. With HGV i can my home week, which is exactly what I own.

Personally I never expected to be able to "rent" my HGV points so having this come and go does not bother me in anyway. But I agree it would add value if they had an officially sanctioned way to handle this.

There are pluses and minuses for HGV if they did add that functionality. They may get more people in resorts, and adding more flexibility would make the program more attractive.

As otherwise mentioned, more owner rentals sucks up the inventory that HGV offers as open season, and Hilton offers up to Hotel customers. Of course to a certain extent if people could easily rent points they might decide they don't need to trade up or buy another deed.. You go capital light and buy a small deed then rent whatever you need each year... MVC uses their Elite levels to balance that approach, as the more point you actually own the earlier your booking window becomes. Since the booking windows are the same for all levels with HGV, you could have someone that owns a silver season studio owner rent a bunch of points then essentially outbid a multi-week owner that is slower to book..

 

[dayooper]

And this is one of many reasons I'm not on Facebook

Cheers.

I do think about it. Often

Cheers.

Actually, they were pretty good up until recently. They were people asking questions and posting pictures of the resorts. You got the occasional person who thinks resale is horrible and you should always buy from HGVC, but nothing outlandish. The 2 resale groups were just for resale. Then Covid hit and the complaining started. I stopped reading the thread as soon as it started to get out of hand.

 

[AvianMan]

Resurrecting this old thread as I try and figure out what to do with expiring points. I think another reason, other than COVID, that you are seeing an upswing in people trying to unload points is because of the change they made in the last couple years where you can no longer convert points to Hilton Honors points at the end of the year. It was always a terrible conversion rate, but at least it was SOMETHING. I have 1700 points left that cant be saved- not enough to do much before the year runs out, but I used to be able to convert to Hilton Honors. The 42,000 honors points barely gets me a night stay at a Hampton Inn, but it was better than NOTHING, so that's what I would do. Now I would gladly just give the 1700 points if there was someone who was traveling before the year end, but as it sets, no one gets to use them.

 

[GT75]

I have 1700 points left that cant be saved

I assume that these are 2020 saved points into 2021.

 

[holdaer]

Another option is to deposit those expiring points into RCI. You'll get another 2 years to use them.

 

[AvianMan]

I assume that these are 2020 saved points into 2021.

Yep. We had planned a trip to Scotland in 2020, which was, of course, cancelled, and despite our best efforts we still didn't use 1700 points left over (or all of our points from 2021)

 

[AvianMan]

Another option is to deposit those expiring points into RCI. You'll get another 2 years to use them.

I saw that. Looks like the fee is $239 to do that, plus a nightly charge. If it was 10000 points, or maybe even 7000 I could see doing that, but for 1700 that seems steep, especially since we will need to add points to that to actually do anything with RCI, which will be another $239.

 

[SueDonJ]

I am both a HGV and Marriott Points owner. One of the differences may be that HGV is a deeded week, with a point overlay, and for a MVC points owner, there is no underlying week, just the Trust. Thus MVC allows points "rental" as way to allow me to rent what I actually own, which is points.. With HGV i can my home week, which is exactly what I own. ...

Just to clarify, Marriott's Destination Club points system isn't limited to only those who purchase Trust Points. Owners of eligible deeded Weeks can choose to enroll those Weeks into the DC and then elect annually to take the allotted amount of Exchange Points for use in the DC Exchange Company and other options.

On topic for this thread, Marriott's governing documents expressly allow rentals by owners/members via transfers of both Trust and Exchange Points to other members of the Destination Club, and, via adding guests/renters names to reservations booked using Weeks or Points through the owner portals. All of the docs for Weeks and Points also make reference to "commercial activity" prohibitions but they don't publicize if they've ever on a case-by-case basis used that language to limit mega-rental activity. Most of us Marriott owners think they could but hope that they won't.

 

[ocdb8r]

I saw that. Looks like the fee is $239 to do that, plus a nightly charge. If it was 10000 points, or maybe even 7000 I could see doing that, but for 1700 that seems steep, especially since we will need to add points to that to actually do anything with RCI, which will be another $239.

I don't think the fee to deposit is $239 - I think it's $139 online (comparable to the cost to deposit points to 2020 or to convert to Honors points). Yes, there is then an exchange fee on top of that once you find something in RCI (which is "nightly" but for a week would be $239). Keep in mind the points required in RCI are often lower than HGVC (e.g. 1700 could get you a studio at medium season or even a 1 bed in low season). Finally, given you also have all your 2021 points, you could deposit some of your 2021 points as well (4800 points gets you a 2-bedroom in any season in RC1).

Bottom line, yes, extra costs to consider but it's not a terrible way of extending your points.

 

[dioxide45]

So with HGVC, you have to pay to deposit into RCI and pay again to exchange?

 

[PigsDad]

So with HGVC, you have to pay to deposit into RCI and pay again to exchange?

You only need to pay a deposit fee if your points are expiring and want to extend their expiration date. When you actually use those RCI points to book something, first it will use any previously deposited points, then if you need more points, it will automatically pull points (oldest first) from your Club Point balance (no extra fee).

There is no requirement to deposit points into RCI before making an RCI reservation.

ETA: Yes, you do still pay an exchange fee. My point was that you don't need to pay a deposit fee unless you want to extend those points' expiration date.

Kurt

 

[dayooper]

So with HGVC, you have to pay to deposit into RCI and pay again to exchange?

No, you don’t. Then again, except for a DVC trade, I don’t see myself making a RCI reservation in the near future. The quality just isn’t there.

I keep saying this, but HGVC has lower MF’s and dues than many other systems. It’s one of the benefits of the system. I am paying $2280 all in for my 2 weeks (MF’s and club dues). I would have a $59 club reservation fee for every club booking I make. There are ways around that with a bHC deed, but I don’t make enough reservations to make it worth my while. It’s a pay for it if you use it type of system. If I use my home weeks (I won’t), I would never pay a reservation fee. I know people say that HGVC nickel and dimes you, but the overall cost of ownership is pretty low, IMO.

I am intrigued by the MVC system, but the acquisition costs, even for resale, are way more than I am willing to pay. Maybe I’m just cheap but the upfront money is just outrageous, IMHO. Maybe I could see buying myself a resale HHI week, but I’m having great luck with booking Ocean Oak the past few years. My entrance costs for both of my weeks are at most the same as 1 HHI week in MVC (depending on the resort). I don’t think anybody that does (or even buys from the developer in any system) is wrong if they feel it’s in their best interest to do so, though.

 

[hurnik]

No, you don’t. Then again, except for a DVC trade, I don’t see myself making a RCI reservation in the near future. The quality just isn’t there.

I keep saying this, but HGVC has lower MF’s and dues than many other systems. It’s one of the benefits of the system. I am paying $2280 all in for my 2 weeks (MF’s and club dues). I would have a $59 club reservation fee for every club booking I make. There are ways around that with a bHC deed, but I don’t make enough reservations to make it worth my while. It’s a pay for it if you use it type of system. If I use my home weeks (I won’t), I would never pay a reservation fee. I know people say that HGVC nickel and dimes you, but the overall cost of ownership is pretty low, IMO.

I am intrigued by the MVC system, but the acquisition costs, even for resale, are way more than I am willing to pay. Maybe I’m just cheap but the upfront money is just outrageous, IMHO. Maybe I could see buying myself a resale HHI week, but I’m having great luck with booking Ocean Oak the past few years. My entrance costs for both of my weeks are at most the same as 1 HHI week in MVC (depending on the resort). I don’t think anybody that does (or even buys from the developer in any system) is wrong if they feel it’s in their best interest to do so, though.

I'm pretty sure you DO pay to deposit the points (in order to save them) and when you use them via RCI you'll pay the Exchange fee.
Or does RCI no longer charge the exchange fee if you use deposited points? I know when I did it, I paid to deposit and paid the exchange fee to book.

 

[SmithOp]

I saw that. Looks like the fee is $239 to do that, plus a nightly charge. If it was 10000 points, or maybe even 7000 I could see doing that, but for 1700 that seems steep, especially since we will need to add points to that to actually do anything with RCI, which will be another $239.

I was in the same situation with 2040 expiring points. Someone posted a sighting for Bay Club in May 22 in RCI. Since May is within our Club Season I was able to book it with the expiring points, just the exchange cost, no RCI resort fees at Bay Club that I could see. 3400 points for a week in a 1br (gold season). We like Hawaii in May or Sep gold season, usually book then anyway. I added on a second week at Kingsland with my 2022 HGV points (overlapped the checkout day so I’m not homeless from 10am-4pm).

My costs:
$239 reservation fee.
3400 points at .14/point=$476
TOT tax will be about $100

Even if they charge me the $25/night resort fee I think its still a bargain considering owners maint fee there would be $1100 for a 1br.

So, make an instant exchange in RCI instead of deposit/exchange, you still have 28 days to search!


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