- Joined
- Aug 20, 2006
- Messages
- 2,190
- Reaction score
- 421
- Points
- 443
- Location
- Chicagoland
- Resorts Owned
- HGVC
I did a quick owner's update at the Oahu property yesterday since I had some questions and need honors points offered for the update for a trip next year. The saleslady said they are aggressively offering upgrades to current owners. Apparently, a lot of people who owned at Lagoon and Kalia Towers upgraded to the Grand Waikikian (and maybe Waikoloa), so there are odds and ends of inventory in those two towers. To sell off the units, they are offering discounts and bonus incentives to owners.
She guaranteed it's going to get harder for non-Hawaii owners to book into Oahu (I'm reserving judgment on that remark until after the Waikikian opens and we see how availability goes) and tried to talk me into trading one of my deeds for an EOY oceanview 2 bedroom in Lagoon, but I'm not willing to pay the cost for upgrading.
I learned the following:
* Minimum upgrade amount that Hilton will do is $7,000.
* Hilton now gives 65% credit on resales if you upgrade. They only know what the unit sold for originally. I learned what my resales are worth, which is considerably more than I paid for them even minus the 35% for upgrading.
* Hilton charges $795 (!) closing fee on upgrades +$300 upgrade fee, effectively gaining back a portion of the discount they give.
She guaranteed it's going to get harder for non-Hawaii owners to book into Oahu (I'm reserving judgment on that remark until after the Waikikian opens and we see how availability goes) and tried to talk me into trading one of my deeds for an EOY oceanview 2 bedroom in Lagoon, but I'm not willing to pay the cost for upgrading.
I learned the following:
* Minimum upgrade amount that Hilton will do is $7,000.
* Hilton now gives 65% credit on resales if you upgrade. They only know what the unit sold for originally. I learned what my resales are worth, which is considerably more than I paid for them even minus the 35% for upgrading.
* Hilton charges $795 (!) closing fee on upgrades +$300 upgrade fee, effectively gaining back a portion of the discount they give.
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