HGVC odd only contract

[HuskerATL]

Is there a big difference between Elara HGVC vs Elara bHC? bHC is better in terms of converting to HH points at 32:1?

Compare the bigger picture of cost and MF/pt though...HH conversion is just gravy

 

[GT75]

Are there Income Statement, the Balance Sheet, and the Statement of Cash Flows for the properties? Specifically, im looking for elara and boulevard

 

[ljmiii]

Is there a big difference between Elara HGVC vs Elara bHC? bHC is better in terms of converting to HH points at 32:1?

People have reported very much liking the bHC units…whether the point cost difference is ‘worth it’ is in the eye of the beholder.

But if you mean owning Elara bHC I expect that the people most interested in buying are those who own bHC in NYC/DC and want to use those inexpensive Elara bHC points elsewhere..

 

[iftravel]

People have reported very much liking the bHC units…whether the point cost difference is ‘worth it’ is in the eye of the beholder.

But if you mean owning Elara bHC I expect that the people most interested in buying are those who own bHC in NYC/DC and want to use those inexpensive Elara bHC points elsewhere..

Yeah regardless of buy in price (don’t know how to find one and for how much), if you can score one, you get nearly lowest MF pp, all inclusive club fees, and 32:1 HH conversation ratio. Hard to beat that?

 

[Jamlam2025]

My interest was in the possibility of special assessment. I’d like to know if the reserve funds and maintenance fees are underfunded.
Are there bylaws or statues that require reserve funding for Vegas timeshares?

 

[Jamlam2025]

@GT75 I’ve gone down a deep rabbit hole now.
Would you happen to have 2024 and 2023 for both to share as well?

 

[GT75]

Would you happen to have 2024 and 2023 for both to share as well?

I can not access 2023 Elara Budget Report. Anyone owning Elara should be able to get it from their owners page.

 

[BingoBangoBongo]

@GT75 I’ve gone down a deep rabbit hole now.
Would you happen to have 2024 and 2023 for both to share as well?

Enjoy

I own 4 deeds and Elara is the only EY one have. The other three are all EOY deeds. They are the District, Valdoro and Kings Land. The Kings Land one was the first one I bought and has over 20,000 points allocated to it. Initially I though that would be enough, but within days/weeks I realized I would need more points longer term. I've owned for about 4 years and I while I am still working I have been able to use points with no problem. I'm currently in a situation where I have already used all of my 2026 points and 2/3 of my 2027 points. I have about 34,000 points a year, and I was shocked a couple weeks ago when I realized where I was point wise. I do have a trip to Marbrisa later this year with some friends and family that is using up 25,000 points and one to FL next year that is using up 38,000 points. To put that into financial perspective for you, those two trips have 61 nights booked with a variety of 1 BR's and 3 BR's and I think one studio and the average cost per night per room is $123. I think that's hard to beat. I look at my initial outlay as a sunk cost that I should be able to recover about 2/3 of, so I really don't work that into my calculations because that per night rate is so rediculously low compared to a hotel room that doesn't have in room laundry, a full kitchen and a living area. Plus no occupancy taxes, which run about 13% in most areas. YMMV

 

[Jamlam2025]

@BingoBangoBongo @GT75 Thanks for information. I could get this information from a broker but its nice on this forum. I'll join the TUG membership soon enough.

I consider it buying 1/52 of a condo with the same due diligence. Sunk cost is one thing. My concern is the underfunding of reserves leading to a sudden special assessment. It is common for condos around where I live to underfund their reserves to make the maintenance fees low to entice buyers, but when major repairs are required, the HOA requires a special assessment to all owners to fund the works. I am attempting to assess that risk.
Hence i was asking if there are bylaws or statues that require reserve funding for Vegas timeshares.

 

[SmithOp]

@BingoBangoBongo @GT75 Thanks for information. I could get this information from a broker but its nice on this forum. I'll join the TUG membership soon enough.

I consider it buying 1/52 of a condo with the same due diligence. Sunk cost is one thing. My concern is the underfunding of reserves leading to a sudden special assessment. It is common for condos around where I live to underfund their reserves to make the maintenance fees low to entice buyers, but when major repairs are required, the HOA requires a special assessment to all owners to fund the works. I am attempting to assess that risk.
Hence i was asking if there are bylaws or statues that require reserve funding for Vegas timeshares.

I think Vegas is fairly well insulated from special assessments, and Hilton is good about collecting reserves to keep up with maintenance and refreshes. It's things like hurricane season in the Gulf, humid climates causing rot, or bringing up resorts to higher standards that cause special assessments. The new bHC Hilton units at Elara should be very low risk for a SA.