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.

 

[mlou2@HGVC]

Hi
I am looking to buy into hgvc and I have been learning lots from here. It is a great resource.

I am interested in the specifics of buying a resale ODD year only deed (Elara) to test out

1. I’d like to learn more about paying the annual fee obligations with respect to the odd years and even years. Is the below right?

2025: annual club dues + resort maintenance fee

2026: annual club dues

2027: annual club dues + resort maintenance fee

2. Any words of wisdom regarding biennial contracts?

3. Missing any recurring fees?

As for me, I have two ownerships that are biennial. One odd, one even. They are two totally unique vacation opportunities. Valdoro Colorado which has one set ski week in a 2 bedroom and one floating week in a 2 bedroom. We have enjoyed vacationing there at any of the seasons. Then, the other year we own with HGVC is at Kingsland on the Big Island and even every other year is too much for us because we far away in Florida. But when we do go, it is fabulous. Otherwise, we trade it out for other HGVC properties, or have let family stay. This year we rented it out and it paid for the maintenance fees.

 

[Mjasp]

Thanks for this thread. I also am in the market for an Elara unit. Because I like the location and also want an EOY.
We own a Sheraton EOY that I bought on ebay just as a trader in II and love it and now that I retired want to add another EOY at Elara because that is where we would want to go EOY. We also cruise a lot. So one resort stay a year plus a few cruises, is perfect for us.
My question is at Elara if it says HGVC points and has the # of points, then it's definitely HGVC? Because I see on Redweek most of their Elara units are not points.
My other question is, if it says 1BR, and not 1BR PLUS or GRAND, does that mean it is a Jr. Suite? How small are the Jr. suites?

This is what I found in the pinned section, that is why I am questioning it.

1 BR Codes -
Jr Suite (all units face the north Sphere side, Bellagio Fountains)
1BD and the PLUS version 1BP - attached to 2BD (4 - 39) and 2BP (Plus) Corner Unit Only (2/floor)
1KB and the PLUS version 1KX - Standalone unit (2/floor)
No PREMIUM versions at this time, but expect some in the future (as of Dec 2020)
1 BR Grand
1BB and the PLUS version 1BX - Standalone Unit (3/floor)
1BR and the PLUS version 1LP - attached to a STD (most are this type)
1X2 is the PREMIUM version - attached to a Studio PREMIER SX2 - only found on the 56th FL.

Thanks

 

[GT75]

My question is at Elara if it says HGVC points and has the # of points, then it's definitely HGVC?

Correct, but when you get the estoppel, it will be clear if it is a HGVC or Westgate deed.

1BB is 930 ft2
1BR/1BX/1LP/1X2 is 884-1020 ft2
1BD/1KB/1BP/1KX is 544-644 ft2

 

[dayooper]

My other question is, if it says 1BR, and not 1BR PLUS or GRAND, does that mean it is a Jr. Suite? How small are the Jr. suites?

Thanks

The big difference between the 1 bedroom Grand the Jr Suite is the kitchen. The Grands have a full kitchen with a full sized fridge and cooktop while the Jr Suites only have a kitchenette. Any Elara type can be designated as a plus. They are rooms that are on floor 50 or higher.

 

[Mjasp]

When you use your home weeks, you must stay in the same size (1 bedroom/2bedroom) season (Platinum/Gold) designation (standard/plus/premiere/grand) for the full week checking in on your designated check in day (usually Saturday) using all of that years points for that week. It really limits how you use your ownership. I own at Flamingo and Boulevard, but will probably never stay there, especially for a week. We take 5 day trips to Vegas and stay at Elara when we go. There are no resort fees when making a club booking. Only the reservation fee. In certain places, especially urban areas, you may have to pay for parking but that's it. Chicago has a $60 a night parking fee but we just don't bring a car.

IMO, the only time you should purchase for staying at your home week is if the place you want to go to is hard to book. Ocean Oak in Hilton Head, Ski weeks in Breck and Park City, certain Oahu resorts and the SW Florida affiliates are generally the deeds you want to buy for your home week. Otherwise, you should look at MF per point ratios and purchase price. Elara 1 bedroom Grand and Grand Plus have great MF's, but you will pay a premium upfront. The standard and plus rooms don't have the MF ratios that Boulevard and Paradise have. If I would be purchasing in Vegas again, I would be looking at Paradise. Not as well known and great MF's. right there with Boulevard.

This thread is great and just what I needed, thanks @Jamlam2025 for starting it.
@dayooper you really are giving me something to think about here. How much does HGVC charge for reservation fees if you aren't staying at your home resort.
We already own a EOYO that we picked up just for trading, but want a point based TS for the even year, since I recently retired we will travel a lot more. We are in the market for an EOYE at Elara. We were just in Vegas in April and stayed across from the Elara at the Carriage House, which we enjoyed. Anyway, we loved the location of where we stayed. We walked everywhere, from our resort to Excalibur and also from resort to the Sphere.
But if the reservation fees aren't too high and Elara isn't a high demand resort, then I will look elsewhere.
I do have another question, I am noticing that the maintenance fees for 11,200 pts and 8k points are the same. Is that correct?

Thank you all for your knowledge and for sharing it here on TUG

 

[geist1223]

Maintenance Fees are set by size of Unit. Number of Points are set by Season - Gold or Platinum. Platinum gives you more Points. So a 2 bedroom Platinum will have the same Maintenance Fees as a Gold 2 bedroom. A Platinum Week will cost you more up front.

 

[Mjasp]

Maintenance Fees are set by size of Unit. Number of Points are set by Season - Gold or Platinum. Platinum gives you more Points. So a 2 bedroom Platinum will have the same Maintenance Fees as a Gold 2 bedroom. A Platinum Week will cost you more up front.

Ohhhh,
Thank you. I was wondering why they had the same maintenance fees.

 

[GT75]

Club reservation fees are $129 (call CSR) or $79 (online) for all non-Home Week reservations and Legacy HGVC members. Elite levels have reduced rates.

 

[dayooper]

This thread is great and just what I needed, thanks @Jamlam2025 for starting it.
@dayooper you really are giving me something to think about here. How much does HGVC charge for reservation fees if you aren't staying at your home resort.
We already own a EOYO that we picked up just for trading, but want a point based TS for the even year, since I recently retired we will travel a lot more. We are in the market for an EOYE at Elara. We were just in Vegas in April and stayed across from the Elara at the Carriage House, which we enjoyed. Anyway, we loved the location of where we stayed. We walked everywhere, from our resort to Excalibur and also from resort to the Sphere.
But if the reservation fees aren't too high and Elara isn't a high demand resort, then I will look elsewhere.
I do have another question, I am noticing that the maintenance fees for 11,200 pts and 8k points are the same. Is that correct?

Thank you all for your knowledge and for sharing it here on TUG

This year? $79 but they have increased every year for the past few.

Here is the fee schedule. With what you are looking to buy, most of these you will never pay.

2025 HGVC, HCNY, HGV Max Club Rules, Fees and Tips

2025 HGVC, HCNY, HGV Max Club Rules, Fees and Tips (1) Hilton Grand Vacations Club (HGVC) 2025 Club Rules & Fees & Resorts Club Point Charts and Open Season Rates - Post #2 2022, 2023, 2024, and 2025 Fee Change Comparison - Post #3 2022, 2023, 2024 and 2025 Open Season Rate Change Comparison -...

tugbbs.com

 

[iftravel]

Club reservation fees are $129 (call CSR) or $79 (online) for all non-Home Week reservations and Legacy HGVC members. Elite levels have reduced rates.

Think it’s free for Elite Premier. I’m curious how EOY works for Premier status. Say one year you have 35k club points and next year zero, are you Premier in one year and not the next?

 

[GT75]

Think it’s free for Elite Premier. I’m curious how EOY works for Premier status. Say one year you have 35k club points and next year zero, are you Premier in one year and not the next?

Elite status is based on annual ownership points.

 

[iftravel]

Elite status is based on annual ownership points.

so what do you really mean? EOY contracts do not count at all, count as 1/2 or count in the year it has points?

 

[dayooper]

so what do you really mean? EOY contracts do not count at all, count as 1/2 or count in the year it has points?

It really doesn't matter. The only way you can earn Elite status is by purchasing resale at a select few properties through their sales office. Craigendarroch Lodges is one place where you can earn Elite. I'm not sure they sell EOY contracts. You can always contact them if you are interested. If you purchase through HGVC retail, you would be automatically placed in the Max program. Part of that program is no fee reservations, but you would pay ~$30k for a good EOY contract.

 

[iftravel]

It really doesn't matter. The only way you can earn Elite status is by purchasing resale at a select few properties through their sales office. Craigendarroch Lodges is one place where you can earn Elite. I'm not sure they sell EOY contracts. You can always contact them if you are interested. If you purchase through HGVC retail, you would be automatically placed in the Max program. Part of that program is no fee reservations, but you would pay ~$30k for a good EOY contract.

Yeah not for resales. Only perhaps bHC to get rid of the exchange fees.

 

[GT75]

EOY contracts don’t count as 1/2. If you have a. EOY and EEY qualified deeds then that would count towards elite status.