HGVC Future

[Aquaman55]

With HGVC acquisitions/expansions in Vegas, Hawaii, Tuscany and elsewhere, does anyone have a handle, or a good guess, on what corporate is going to do in the next few years?

The Future:

Will Club add more units that cost more points?
How will Elite develop? Any changes there?
Where else will HGVC expand? Caribbean, maybe?
Any Club resorts or affiliates fairing poorly?
Any Club resorts or affiliates skyrocketing?
Anyway insight or inside knowledge on what corporate wants to do with HGVC?



A few specific questions:

When will Elara be listed on HGVC site, not just Hilton? How many club points for a room?
When will Tuscany be available and how many points for a unit there?
Will HGVC/Karen continue as is?

 

[sjuhawk_jd]

Sorry, my crystal ball is not showing anything about the HGVC.

It is telling me what stocks to pick, which commodities to stock up, and to avoid ski vacations.

 

[GregT]

With HGVC acquisitions/expansions in Vegas, Hawaii, Tuscany and elsewhere, does anyone have a handle, or a good guess, on what corporate is going to do in the next few years?

The Future:

Will Club add more units that cost more points?
How will Elite develop? Any changes there?
Where else will HGVC expand? Caribbean, maybe?
Any Club resorts or affiliates fairing poorly?
Any Club resorts or affiliates skyrocketing?
Anyway insight or inside knowledge on what corporate wants to do with HGVC?



A few specific questions:

When will Elara be listed on HGVC site, not just Hilton? How many club points for a room?
When will Tuscany be available and how many points for a unit there?
Will HGVC/Karen continue as is?

I think Hilton will continue to focus on its core markets (Hawaii, Orlando and Las Vegas) and add existing buildings opportunistically -- I certainly hope one of them is in the Caribbean, but I'm not holding my breath.

I also think that Blackstone will take the Hilton company public (hotels and timeshares) -- perhaps going so far as to split them into two separate companies if Marriott's spin-off is viewed as a financial success. If not, perhaps they will sell HGVC directly to the Marriott SpinCo.

We will see -- interesting times owning timeshares!

Best,

Greg

 

[GregT]

More speculation --> I think that HGVC will stay with the accepted point chart for future properties (4,800/6,200 for 1BRs and 7,000/8400/9600 for 2BRs).

I may be reading too much into this, but I believe the decision at KingsLand to go back to the original point chart for this next phase (and presumably construct smaller units) is recognition that it was too much of a reach to have the significant increase in points. I hope that is the case and we will learn if this is true when HGVC Waikiki BeachWalk is opened next year.

All the best,

Greg

 

[whatsburning]

I also read that HGVC is focusing more on acquiring existing buildings instead of building from scratch.

Frankly, I think the Oahu/Vegas/Orlando areas are tapped out with so many HGVC offerings. I'd like to see them look into other vacation destinations, even if staying in Hawaii like Maui and Kauai... that would be a BIG hit! How about places like Lake Tahoe, near Los Angeles (Hollywood, Anaheim perhaps), or even San Francisco?

Has there ever been a HGVC thread polling members where HGVC should establish their next resorts?

 

[barond]

My last conversation with hgvc was that they have learned that its better to buy resale than to buy retail :rofl:

They will not be building any new hgvc resorts from scratch in the near future. They will be acquiring other timeshares and converting them to hgvc and buying back resales of their units (if the price is right) to resale at full price to new victims of the timeshare sales departments.

Baron

 

[sjuhawk_jd]

My last conversation with hgvc was that they have learned that its better to buy resale than to buy retail :rofl:

They will not be building any new hgvc resorts from scratch in the near future. They will be acquiring other timeshares and converting them to hgvc and buying back resales of their units (if the price is right) to resale at full price to new victims of the timeshare sales departments.

Baron

:hysterical: :rofl: :hysterical:

 

[Remy]

My last conversation with hgvc was that they have learned that its better to buy resale than to buy retail :rofl:

They will not be building any new hgvc resorts from scratch in the near future. They will be acquiring other timeshares and converting them to hgvc and buying back resales of their units (if the price is right) to resale at full price to new victims of the timeshare sales departments.

Baron

Isn't there an entire thread on the construction plans at HHV? $760 million in new construction is taking place over the remainder of the decade.

http://tugbbs.com/forums/showthread.php?t=160298

 

[Aquaman55]

Isn't there an entire thread on the construction plans at HHV? $760 million in new construction is taking place over the remainder of the decade.

http://tugbbs.com/forums/showthread.php?t=160298

You have all given such good insight. With the massive construction projects at HHV and the new acquisitions in Vegas, does this mean they will not add to Parc or the Strip? I think Parc was supposed to have as many as 6 buildings and the Strip 4. What do they do with all that space now...put down a lawn and sell street food?

I haven't been to HHV, but will head to the Big Island soon. I guess my idea of Hawaii is not staying at a resort in a big city. Does anyone think, HGVC might jettison a few of the resorts that are not performing well, i.e. Karen?

 

[Remy]

You have all given such good insight. With the massive construction projects at HHV and the new acquisitions in Vegas, does this mean they will not add to Parc or the Strip? I think Parc was supposed to have as many as 6 buildings and the Strip 4. What do they do with all that space now...put down a lawn and sell street food?

I haven't been to HHV, but will head to the Big Island soon. I guess my idea of Hawaii is not staying at a resort in a big city. Does anyone think, HGVC might jettison a few of the resorts that are not performing well, i.e. Karen?

If they are aggressively pursuing right of first refusal at the resort I wouldn't consider it a poor performer. Hilton wants Karen units so badly they're willing to pay $13,500 for a 2 bedroom platinum.

 

[ricoba]

Just my two cents, but I don't think that towers 3 & 4 will ever be completed at the Strip property, now that HGVC has taken over Planet Hollywood/Elara. If it does happen it will be years from now. The north end of the Strip is still a ghost town.

Remy, I find your comments about Karen Street interesting. I know they bought back our unit, but what other units are you aware of that HGVC is buying back at Karen Street, and why are they doing it?

 

[blackfoot]

What is Karen?

 

[ricoba]

What is Karen?

The street name of the HGVC@the LV Hilton (now LVH Hotel Casino)

 

[Talent312]

I suspect that it'll be awhile before we see any substantive changes, except around the margins.
Before that occurs, a large meteor will impact Earth causing the extinction of humankind.

------------------------
"In order to cause the extinction of human life, the impacting body would probably have to be greater than 1 km in diameter. The dinosaurs extinction 65 million years ago is linked to the impact of an asteroid between 10 and 15 km in diameter on the Yucatan peninsula."
-- Bostrom, Nick (March 2002), "Existential Risks: Analyzing Human Extinction Scenarios and Related Hazards." Journal of Evolution and Technology

 

[Remy]

Remy, I find your comments about Karen Street interesting. I know they bought back our unit, but what other units are you aware of that HGVC is buying back at Karen Street, and why are they doing it?

I attempted to purchase one at $13k and it was bought back. Seth or Judi could probably chime in as to success getting any Vegas unit past ROFR. It's not being treated any different than the Strip when it comes to the buyback pricing. In January I made a call to HGVC sales to see what my Flamingo unit originally sold for through the guise of wanting to "trade up". They attempted to sell me a Karen 2 bedroom Platinum for $39,500. I'm going to guess that it wasn't an original developer unit.

As to why... well, why not? They sell. They are making $25k off a two bedroom platinum. Vegas has the lowest maintenance fees and the knee jerk unit of choice to sell when talking to the sales folks is Vegas for the points. Opinion alert: If you think about it, it's in a better location than the LV Strip, which is in a field where someday Vegas may grow toward. If age is a concern, the Flamingo is older as the first HGVC property and there's no sign of that ever getting punted. Elara is a recent acquisition, implying they want more Vegas to sell, not less.

I haven't been around too long in the timeshare game, but it's my understanding only one timeshare property in the HGVC portfolio has ever been removed, and that was an action by the owners at the affiliate property, not HGVC.

 

[SmithOp]

Just finishing up a stay at Flamingo. They hounded me to attend an owners update at LVH, even called to say the limo would pick me up at 9:45am, i had to call back and cancel. They are pushing Elara.

I had an interesting cab ride, the cabbie was honking and yelling at everyone, so I asked how long she had been a cabbie, 3 yrs. She said, I used to sell timeshares for $150K a yr.

No wonder they hound us.

 

[Aquaman55]

Just finishing up a stay at Flamingo. They hounded me to attend an owners update at LVH, even called to say the limo would pick me up at 9:45am, i had to call back and cancel. They are pushing Elara.

I had an interesting cab ride, the cabbie was honking and yelling at everyone, so I asked how long she had been a cabbie, 3 yrs. She said, I used to sell timeshares for $150K a yr.

No wonder they hound us.

OP, Do you know what HGVC is asking for units at Elara?

 

[SmithOp]

No sorry, I didn't ask. All contact was by phone, didn't want to be in the same room with a vegas ts salesman, much less being stranded at LVH since I didnt take a car.

 

[Remy]

No sorry, I didn't ask. All contact was by phone, didn't want to be in the same room with a vegas ts salesman, much less being stranded at LVH since I didnt take a car.

SmithOp, I had the same experience, but they were hauling me to the LV Strip location. Are you sure it wasn't the Strip they were taking you to? That's their Vegas sales office as far as I know. LVH is the Karen St. location.

They are sneaky with getting you "set up" for that particular presentation. A nice lady called and left messages repeatedly saying it was "urgent" and they "needed to confirm my stay" which got me to call back. Then the lady offers you some free dinners and some other coupon stuff, eventually leading to the limo for the presentation. I said no for a couple reasons. First, the prize wasn't big enough for my time and second, I imagine I'd be on my own getting back. The LV Strip location really is out there. Not that I'd mind owning there for the points and low MF.

 

[tahoeJoe]

With HGVC acquisitions/expansions in Vegas, Hawaii, Tuscany and elsewhere, ......?

Did I miss something? Is HGVC building a resort in Tuscany, Italy?

 

[Remy]

Did I miss something? Is HGVC building a resort in Tuscany, Italy?

Generally that's a nickname for a resort in Orlando (I-drive). However, there's some buzz from a salesdude floating around... http://tugbbs.com/forums/showthread.php?t=167039

 

[Aquaman55]

Generally that's a nickname for a resort in Orlando (I-drive). However, there's some buzz from a salesdude floating around... http://tugbbs.com/forums/showthread.php?t=167039

HGVC IS building a resort in Tuscany, Italy. That is certain. It's not going to be very big and I would guess, it will take a truck load of points to stay there...let alone to purchase a TS there. Imagine your MFs in Euros!

 

[whatsburning]

SmithOp, I had the same experience, but they were hauling me to the LV Strip location. Are you sure it wasn't the Strip they were taking you to? That's their Vegas sales office as far as I know. LVH is the Karen St. location.

They are sneaky with getting you "set up" for that particular presentation. A nice lady called and left messages repeatedly saying it was "urgent" and they "needed to confirm my stay" which got me to call back. Then the lady offers you some free dinners and some other coupon stuff, eventually leading to the limo for the presentation. I said no for a couple reasons. First, the prize wasn't big enough for my time and second, I imagine I'd be on my own getting back. The LV Strip location really is out there. Not that I'd mind owning there for the points and low MF.

A few years back we were "limo'd" to the LV strip for our owner's update during our stay at the Flamingo. We really didn't need/want an update, but we were intrigued by the offer of a $100 restaurant gift certificate for Planet Hollywood (we were going there anyway) and $15 tickets to the "V" show. Since our kids were 9 and 13 at the time, the limo ride was another "exciting" thing we did in Las Vegas during our week there.

As for the update, we were there for about two hours and everything went fine until we declined to purchase more points. After saying "no thanks" for about the third time, they gave us the cold shoulder, basically said, "Fine then!", and escorted us out of the lounge. We enjoyed the dinner, the show was fun, and the kids loved the limo rides. Hate the pressure talks, but love the gifts!

 

[gnorth16]

dupicate post

 

[gnorth16]

Source?

The only reference I have heard was of the newest complex in Orlando...

Addition....

http://www.timesharebrokersales.com...open-italy-timeshare-fractional-property.html

I guess I found the answer myself!