Getting into The Quin Penthouses

[boraxo]

TLDR for sure. Bottom line: After all is said and done, how much did you actually pay for a 2BR penthouse unit and what is the total annual MF for one week?
Also how easy is it to book peak times like December? Can you do split weeks?

Then we can judge the deal.

 

[Eric B]

TLDR for sure. Bottom line: After all is said and done, how much did you actually pay for a 2BR penthouse unit and what is the total annual MF for one week?
Also how easy is it to book peak times like December? Can you do split weeks?

Then we can judge the deal.

I had provided a link to the 2024 MFs for all the units at The Quin. It doesn’t include a 2 BR PH because they typically aren’t deeded that way. In addition to reading the whole post you might have to (shudder) add the 1 BR PH and studio PH MFs together to get what you need to render judgement.

 

[chaparrusa]

I'm impressed you were able to do this. I've been trying to figure out if getting status is possible via resale and wheeling and dealing. We are still researching and deciding between HGVC and Marriott.

HILTON BY FAR, IT IS NOT ABOUT THE RESORTS BUT ABOUT THE SYSTEM

 

[Eric B]

HILTON BY FAR, IT IS NOT ABOUT THE RESORTS BUT ABOUT THE SYSTEM

Reasonable minds may differ. I truly enjoy the bHC resorts in NYC and DC for the total ownership experience with access to the owners lounges at The Quin and The District. I'm tempted to try out the Mayflower sometime but not all that interested in the Marriott (Pulse) in NYC. I get enough Hilton Hotels FNCs to use the Waldorf Astoria in DC when I want to be in that part of town, though, and typically get upgraded to very nice rooms. (Same actually holds true at the Ritz Carlton in DC through Bonvoy.) Both Marriott and HGVC have merit as systems to own in at resorts that are ones you like to visit and trade well; it is definitely worth looking at what you want to do with your ownerships when deciding which ones work for you. For me, I like both and more - there are some really nice Wyndham and WorldMark resorts that are worth visiting, too.

 

[CalGalTraveler]

This is one area where the search request for Max owners can be useful.

Maybe if you can drive there and stay on short notice. Not so good for those of us who must fly and pay extra for last minute tickets.

 

[Smclaugh99]

TLDR for sure. Bottom line: After all is said and done, how much did you actually pay for a 2BR penthouse unit and what is the total annual MF for one week?
Also how easy is it to book peak times like December? Can you do split weeks?

Then we can judge the deal.

I included all that info in the post. The deed has 2 units — 1BR PH (33,600 points) and Studio PH (23,040 points), fixed week (41) and fixed units (1804, 1803). I can put any of those days into the pool and just use bHC points like any other ownership.

Total points are 56,640 and MF is $8000, $0.14 per point. I actually ended up saving over $2000 in MF compared to the deeds I traded in. The deal worked for me and checked my boxes. Again, not for everyone and YMMV.

Sean

 

[Eric B]

They had offered us 1901 & the studio PH on 18 that locks off with it before they offered the stand alone studio PH week. 1901 is a great unit, spanning 2 floors with 2 large terraces and a full kitchen. We get it often enough with points that we were happier with the lower MFs.

 

[Skyyblueplaya]

I included all that info in the post. The deed has 2 units — 1BR PH (33,600 points) and Studio PH (23,040 points), fixed week (41) and fixed units (1804, 1803). I can put any of those days into the pool and just use bHC points like any other ownership.

Total points are 56,640 and MF is $8000, $0.14 per point. I actually ended up saving over $2000 in MF compared to the deeds I traded in. The deal worked for me and checked my boxes. Again, not for everyone and YMMV.

Sean

OK pardon me as I say, I am very ignorant to the ins and outs of this... but is it to say in laymans terms:

You pay $8000 a year to spend a week in this Penthouse NYC Room?

I'm sure of course the time of year, whats happening in the city and all that factor into why you pay what you pay but in the end.... $8000 for a penthouse suite in NYC for a week?

 

[Eric B]

$8000 a year to spend a week in this Penthouse NYC Room?

The ownership is actually two separate units, a 1 BR PH and a studio PH. They happen to be for the same week, of course. I respect @Smclaugh99 for applying his own values and deciding that it's worth it - people pay about the same or more for each week in the Ritz Carlton Club in San Francisco in a 2 BR suite. If it fits one's lifestyle and budget, it can be a great thing. If not there is always a wide spectrum of alternative accommodations that cost substantially less.

 

[ljmiii]

You pay $8000 a year to spend a week in this Penthouse NYC Room?

Does that seem too high or too low? Now that the Conrad Midtown is a Marriott, Hilton doesn't really have any comparables. But for the 2nd week in December...

Le Meridian - Jr suite is $11.5K and 1BR suite is $13K.
Luxury Collection Hotel (previously the Conrad) - 1BRs are $9.5K- 31.5K
Essex House - Rooms w/1K bed are $9-$12K and 2BRs are $80-90K (no 1BRs available)
Ritz-Carlton - 1BRs are $22-$105K

 

[Skyyblueplaya]

WHOA WHOA WHOA THE CONRAD????

Gasp! I thought that was a Hilton Concept? Unless it's been sold off and rebranded to Marriott.

I've never even known where any Conrad's are.... We probably have one in Miami.

Also.... These prices...

Le Meridian - Jr suite is $11.5K and 1BR suite is $13K.
Luxury Collection Hotel (previously the Conrad) - 1BRs are $9.5K- 31.5K
Essex House - Rooms w/1K bed are $9-$12K and 2BRs are $80-90K (no 1BRs available)
Ritz-Carlton - 1BRs are $22-$105K

Is that what one would pay for one week in these locations?

Oh man I love travel! This is totally good investments, I would love to be able to say, Im staying in a penthouse in NYC for a week....!!!

Im adding this to my bucket list. I have my ways... I'll post my pictures, I'll make it happen someday

 

[ljmiii]

WHOA WHOA WHOA THE CONRAD????

Gasp! I thought that was a Hilton Concept? Unless it's been sold off and rebranded to Marriott....

The owners of the hotel that was previously the Conrad Midtown severed their ties with Hilton and rebranded as a Marriott Luxury Collection Hotel. There is still a Conrad Downtown New York.

 

[CalGalTraveler]

Bummer. That Conrad was down the block from Hilton midtown and short walk from W57. We applied our Hilton credit card FNCs on weekends at Conrad with $48 free breakfast credits and then used lower HGVC midweek points at W57. All good hacks must end.

 

[ocdb8r]

Does that seem too high or too low? Now that the Conrad Midtown is a Marriott, Hilton doesn't really have any comparables. But for the 2nd week in December...

Le Meridian - Jr suite is $11.5K and 1BR suite is $13K.
Luxury Collection Hotel (previously the Conrad) - 1BRs are $9.5K- 31.5K
Essex House - Rooms w/1K bed are $9-$12K and 2BRs are $80-90K (no 1BRs available)
Ritz-Carlton - 1BRs are $22-$105K

When available you can get 1-beds at the Quinn, the Central on 5th and the Hilton Club for 8k-9.5k during October. So, yes, there is value given we're talking about a 2-bedroom here, but you have to balance that against a) the cost of the initial capital outlay and associated interest/return you are forgoing on the capital as well as b) being committed to using the weeks or points every single year (because you're paying that maintenance fee no matter what). For the right user, there's value to be had here....but it's not always a slam dunk for everyone.

 

[CalGalTraveler]

FWIW...Nice aspirational rights to say you own part of a Penthouse with a terrace, or a deed (even if partial) on Billionaires Row.

Fully owned condos on West 57th run between $4 million to $60+ million. I am sure the HOA is nosebleed too. Just saying...

From that perspective, this is a killer deal to be on one of the most prestigious real estate locations in the USA. Who cares if it is a timeshare. In many ways, it makes a great deal because someone else is managing it when you are not there.

 

[CalGalTraveler]

I could also envision a business owner buying one of the these for entertaining or a pied-a-terre if they regularly visit NYC on business. All maint fees become a business write off and I believe the business can eventually write off the purchase loss because it is a business transaction. But I am not an accountant.

 

[Reddart]

Bummer. That Conrad was down the block from Hilton midtown and short walk from W57. We applied our Hilton credit card FNCs on weekends at Conrad with $48 free breakfast credits and then used lower HGVC midweek points at W57. All good hacks must end.

Though the Downtown Conrad is farther, it’s nice and I don’t mind the subway and walk to the Conrad.

If/when the WA opens (and if FNC will be able to be used), that will be the ultimate hack.

 

[CalGalTraveler]

Where is WA?

 

[Reddart]

Not as close as the Conrad midtown, but not too far, Park and 49th, a long block away from Rockefeller Center.

 

[Smclaugh99]

OK pardon me as I say, I am very ignorant to the ins and outs of this... but is it to say in laymans terms:

You pay $8000 a year to spend a week in this Penthouse NYC Room?

I'm sure of course the time of year, whats happening in the city and all that factor into why you pay what you pay but in the end.... $8000 for a penthouse suite in NYC for a week?

Well, since you are replying to posts on the TugBBS/HGVC forum, I assume that you are aware of how the HGVC point system works. Just because I own this does not mean I have any intention of using all of my points in that one unit. In fact, my total points are about 118,000 which would get me close to 14 weeks in a studio plus in New York if I wanted. I built my ownership that way to have a pied-à-terre in the city. As I stated multiple times, this works for me and does not meet everyone else’s goals.

The main purpose of my initial post was to show how you can trade in resale equity and make the exorbitant developer costs more palatable.

Sean

 

[Smclaugh99]

WHOA WHOA WHOA THE CONRAD????

Gasp! I thought that was a Hilton Concept? Unless it's been sold off and rebranded to Marriott.

I've never even known where any Conrad's are.... We probably have one in Miami.

Also.... These prices...

Is that what one would pay for one week in these locations?

Oh man I love travel! This is totally good investments, I would love to be able to say, Im staying in a penthouse in NYC for a week....!!!

Im adding this to my bucket list. I have my ways... I'll post my pictures, I'll make it happen someday

I think you may be new here and you may think this is a Reddit thread or something. Generally people on here are very cordial and knowledgeable about HGVC timeshare system. If you choose to be neither, then I would probably refrain from posting.

 

[ljmiii]

Though the Downtown Conrad is farther, it’s nice and I don’t mind the subway and walk to the Conrad.

The Downtown Conrad is quite wonderful and I and my wife have chosen to celebrate our last two anniversaries there (on FNRs of course). Great restaurants nearby (Tiny's and Holywater being two of our favorites).

 

[escanoe]

I am not high roller enough to ever play the game like @Smclaugh99 does, but I greatly enjoy his sharing what he has learned so others may learn and benefit. That is what TUG is all about. Meeting people where they are and not judging. The community here is so much better than other places I see timesharing discussed online.

 

[dayooper]

How @Smclaugh99 has gamed the system is about the only way I can see purchasing through the developer is worth it. Purchasing low-cost, high original purchase price resales and trading them in for a very expensive deed that they might not be able to get for close to what the resale price might be is genius. Still too much for me, but my families travel goals are not what OPs are.

 

[escanoe]

How @Smclaugh99 has gamed the system is about the only way I can see purchasing through the developer is worth it. Purchasing low-cost, high original purchase price resales and trading them in for a very expensive deed that they might not be able to get for close to what the resale price might be is genius. Still too much for me, but my families travel goals are not what OPs are.

Yes! Him and @Eric B are "masters of arbitrage."