Has Trump name affected HGVC desirability in Las Vegas

[SFTechGeek]

I have never stayed at HGVC at Trump International Hotel in Las Vegas. Without getting political, how has licensing the Trump brand affected the desirability of ownership. That property appears to have 8400 points available for sale for MF less than $1K. That seems quite reasonable. Does Hilton have any plans to remove the name or is it licensed for a number of years? Any comments?

 

[Msb1102]

I think resale for Trump hasn't been as strong because it was the HGVC resort that was known for the highest MF/Point ratio in Vegas.

Looking at sales history on eBay, I do see that a Trump 2 bedroom platinum unit with 20,160 (new) points just sold 2 weeks ago for over $11,000 so there doesn't seem to be much of a discount on those units.

The Trump units had a very small MF increase in 2022 and if that keeps up for another couple of years, I think you'll see the resale popularity increase if you see that gap closing on the more desirable Vegas units.

I have two Trump resale units that I picked up on eBay that I am very happy with [deleted] Points are points.

 

[Mowogo]

I have never stayed at HGVC at Trump International Hotel in Las Vegas. Without getting political, how has licensing the Trump brand affected the desirability of ownership. That property appears to have 8400 points available for sale for MF less than $1K. That seems quite reasonable. Does Hilton have any plans to remove the name or is it licensed for a number of years? Any comments?

The building is still actively managed by Trump hotels, HGVC just owns units in the building.

 

[rickandcindy23]

All Hilton resales have been going cheaper than I ever thought they would. It's not a bad time to buy.

 

[dayooper]

All Hilton resales have been going cheaper than I ever thought they would. It's not a bad time to buy.

They are actually up from last spring and summer. Many of the lower quality deeds are selling fir much less than they were pre Covid, but the low MF platinum deeds are similar. A 2 bedroom platinum at The Boulevard is listing for ~ $6000-$7000. That’s what they were Summer 2019. I bought my Flamingo in 2018 for $4500 and many are listed around there.

If you are looking to buy, wait a few months. I believe the prices will drop substantially. With rising inflation and a recession looming, the prices could potentially be even lower come fall.

 

[DeniseM]

Tuggers - Thank you for not making this thread political!

 

[PigsDad]

The main issue I have with HGVC Trump in LV is the location. It seems out of the way and not close to places I'd want to spend when I'm in Vegas. Another issue is the décor of the units -- just not my style. What is the parking situation at the Trump location? I thought I heard it was valet only. If so, that would be another strike against it for me.

Kurt

 

[CalGalTraveler]

Aside from being out of the way, I have heard the over-the-top gold decor described as, "For old people."

 

[mjm1]

The main issue I have with HGVC Trump in LV is the location. It seems out of the way and not close to places I'd want to spend when I'm in Vegas. Another issue is the décor of the units -- just not my style. What is the parking situation at the Trump location? I thought I heard it was valet only. If so, that would be another strike against it for me.

Kurt

You are correct that the parking is valet only.

We enjoyed our one stay and while it isn't our ideal location it worked out well. We enjoyed the size of the unit and the view. The pool was also very nice.

Best regards.

Mike

 

[dayooper]

The main issue I have with HGVC Trump in LV is the location. It seems out of the way and not close to places I'd want to spend when I'm in Vegas. Another issue is the décor of the units -- just not my style. What is the parking situation at the Trump location? I thought I heard it was valet only. If so, that would be another strike against it for me.

Kurt

From an ownership perspective, aren’t the MF’s generally pretty high at Trump? At least from a Vegas perspective. The points to book are fairly high as well.

 

[ljmiii]

Not so much answering OP as later questions, but for a time the Trump was my 'goto' Vegas hotel.

The service was much better than at the hotels with casinos I had stayed in previously, the rooms were luxurious (once I overlooked the excessive gilding), and the price simply couldn't be beat - it's unique characteristics meant that I could select the right hotel category on Priceline knowing I would get the Trump. In Vegas heat, I liked walking through the Fashion Show Mall to get to Wynn's and the rest of the strip and that I could get to and from my room without going through a fog of smoke. Never tried to park there, but rented a car for the day from Enterprise a couple of times.

 

[Nowaker]

That property appears to have 8400 points available for sale for MF less than $1K.

8400 pts is Studio Platinum and MF is $1,001.99. That's $0.119 MFpp.
That's the same as Boulevard 2 BR Gold - $944.41 for 8000 pts - $0.118 MFpp.

Both properties go for free (no brokers), or for up to $1,500 (when brokers are involved, with broker fees $1000-$2000, so the owners still gets nothing).

As you can see, economics trump politics. Pun intended.

 

[SFTechGeek]

Okay, I'm confused now. Here's a listing from Judi K.

https://www.timesharebrokersmls.com/Listing/HGVCLUB_AT_TRUMP_INTERNATIONAL_HOTEL_LAS_VEGAS/50376.html

8400 points at Trump during Platinum. Price is $2K and MF are $971. Does not state that it's a Studio, I'm assuming so. But if you just need the points, isn't the point/MF ratio pretty good? If I have no intention of staying at that location, points are points, no?

 

[Msb1102]

It's "Ok". I think a lot of tuggers are betting on a recession and another pull back on pricing. A lot of the primo units have bounced back pretty close to pre pandemic.

I'd probably wait right now and see how things play out.

 

[Nowaker]

Price is $2K

Most of Judi's listings are always overpriced (she once tried to convince me that $9K is the right price for Flamingo 2 BR Platinum when I had one from a different broker available for $4.5K but ended up purchasing privately for $3.9K). It's a "get a foot in the door tactic" just to acquire listings and list high, so it won't sell, and over time, have owners reduce their ask. This deed will not sell at that price, and it will be reduced to $500 - $1000, and then advertised as "hot deal" on FB resale group by Judi, and then it will go. I heard Judi charges $1500 for listing and handling if listing sells, so this aligns with my point ("owner gets nothing").

And yes, it's not a great deed. It's an "okay" starter deal if you're not yet sure if you want to invest into HGVC, or just get a feel of it at a lower cost but not the best MFpp. Still acceptable, but not "good".

MF are $971

Don't expect much from brokers. They're known for providing sloppy information. That's most likely 2021 MF.

EDIT: you read it wrong. The listing is clear:

Maintenance 970.56
Taxes 31.43

Total $1001.99, consistent with my report.

 

[SFTechGeek]

Most of Judi's listings are always overpriced (she once tried to convince me that $9K is the right price for Flamingo 2 BR Platinum when I had one from a different broker available for $4.5K but ended up purchasing privately for $3.9K). It's a "get a foot in the door tactic" just to acquire listings and list high, so it won't sell, and over time, have owners reduce their ask. This deed will not sell at that price, and it will be reduced to $500 - $1000, and then advertised as "hot deal" on FB resale group by Judi, and then it will go. I heard Judi charges $1500 for listing and handling if listing sells, so this aligns with my point ("owner gets nothing").

And yes, it's not a great deed. It's an "okay" starter deal if you're not yet sure if you want to invest into HGVC, or just get a feel of it at a lower cost but not the best MFpp. Still acceptable, but not "good".



Don't expect much from brokers. They're known for providing sloppy information. That's most likely 2021 MF.

EDIT: you read it wrong. The listing is clear:

Maintenance 970.56
Taxes 31.43

Total $1001.99, consistent with my report.

Okay. Understood. Without trying to offend here, brokers have to make money too. who or where do you suggest prospective buyers go to buy secondary market? Aren’t you paying for the services of knowing your sale is going to go through ROFR properly and escrow is smooth and estoppel is correct? Boy, if you get screwed on a sale once, you’re gonna wish you had purchased through a broker.

I'm just saying, while no one wants to pay brokerage fees or points or commissions on anything we buy, we'll be glad there’s someone to turn to when the sale goes South, no? Do you feel safe purchasing through eBay or Redweek or just dealing directly with the seller? I would be curious to know where Tuggers go to buy secondary market TS.

 

[rickandcindy23]

The main issue I have with HGVC Trump in LV is the location. It seems out of the way and not close to places I'd want to spend when I'm in Vegas. Another issue is the décor of the units -- just not my style. What is the parking situation at the Trump location? I thought I heard it was valet only. If so, that would be another strike against it for me.

Kurt

Yes, it's really far from the strip.

 

[rickandcindy23]

Okay. Understood. Without trying to offend here, brokers have to make money too. who or where do you suggest prospective buyers go to buy secondary market? Aren’t you paying for the services of knowing your sale is going to go through ROFR properly and escrow is smooth and estoppel is correct? Boy, if you get screwed on a sale once, you’re gonna wish you had purchased through a broker.

I'm just saying, while no one wants to pay brokerage fees or points or commissions on anything we buy, we'll be glad there’s someone to turn to when the sale goes South, no? Do you feel safe purchasing through eBay or Redweek or just dealing directly with the seller? I would be curious to know where Tuggers go to buy secondary market TS.

I like sellingtimeshares.net They also specialize in Hilton. Seth Nock used to be a TUG member. Not sure if he still is a member, but he is the managing broker for the site. I have talked to him over the phone at length about DVC. He is very knowledgeable with DVC as well.

 

[brp]

Do you feel safe purchasing through eBay or Redweek or just dealing directly with the seller? I would be curious to know where Tuggers go to buy secondary market TS.

I have bought from brokers and from eBay. I have definitely felt safer with brokers and had to do less due diligence. With eBay (2 resales), I was more circumspect and more apt to check and double-check things. In the end, it worked as well as broker sales, but took more work on my part.

I sold two low-value units with a broker. After fees for them and seller agent, net payment was $0. However, I did get current year MFs refunded in both cases (something I had not expected) and this was actually a bit more than the sales prices that I saw none of. I considered this a win-win

Cheers.

 

[brp]

Yes, it's really far from the strip.

That's it for us. The name is not a deterrent. The location is.

Cheers.

 

[Nowaker]

who or where do you suggest prospective buyers go to buy secondary market?

Ebay. Facebook groups.

Aren’t you paying for the services of knowing your sale is going to go through ROFR properly and escrow is smooth and estoppel is correct?

No. Closing company does ROFR, escrow, etc, not the broker. Closing company like LT Transfers.

Broker is a salesman. Closing company is the actual doer. Moreover, when you use a broker, they withhold some information from you, and it's not unheard of that people hear "ROFR passed" from their broker but never see the actual estoppel documents. This never happens with LT Transfers, who is extremely transparent at every stage of the process.

By using a broker, you pay more and get less.

 

[escanoe]

I think a lot of tuggers are betting on a recession and another pull back on pricing. A lot of the primo units have bounced back pretty close to pre pandemic.

I'd probably wait right now and see how things play out.

I am not hoping for anyone to face misfortune, but I think it may be a double barrel blow 1) MFs going up (much more hefty than usual) from recent inflation and 2) a possible recession resulting from the monetary policy that will be utilized to fight inflation.

 

[1Kflyerguy]

I agree with Nowaker about the cheapest place to find resales, but i also think that brokers can make the process easier and sometimes faster access to the unit type your looking for.

As for the question about the impact of the resort name, yes i think that does impact some consumers. I know when we last did a presentation in Vegas, the HGV salesperson, asked first before presenting Trump as an option for a upgrade. Clearly the HGV sales team has seem some people react negatively to the resort. But I think there are some that would consider it a plus, or not care at all. I think the important thing is to consider how you feel about a resort before purchasing.

 

[dayooper]

I think if you are purchasing a higher priced or more desirable deed, a broker is the way to go. Dropping that kind of money, you want the piece of mind you are purchasing what you signed on for. As the price climbs, there’s more room to maneuver and more security for your cash. If you are looking for cheap points, DIY is the way to go. In fact, as of last week, there was a gold 3 bedroom at Tuscany on Timeshare Nation for free. I believe they will pay all closing costs (they might not pay the enrollment fee). That’s about as cheap as you can get.

I purchased my last deed from an ad on one of the Facebook groups. I got a steal on a 2 bedroom platinum at The Boulevard. There are deals like that out there, but they are few and far between.

When purchasing or taking on a deed, one thing I always take into account is divesting myself of the deed if I have to. Right now, I can sell my deeds and even make a bit of money in the process. Even in the bad times, I can easily sell mine super cheap or even give away. A lower quality deed might be hard to get rid of. Just something to think about.

 

[Hobokie]

Politics aside, I personally would NOT purchase a unit at Trump tower because of the risk of not being able to “get out” if I wanted to. Like @1Kflyerguy mentioned, there’s a reason the sales team is sometimes hesitant to offer these units (to avoid potentially offending someone). This alone would keep me away, killer deal or not.