Hgvc rofr

[bevans]

I just heard back from Discount Timeshares and my 7K Boulevard ROFR was exercised. That was going to be my first owned TS. Now I need to start from scratch. Seth we've emailed a few months ago. I may reach out.


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I am a little confused as one of your earlier posts in this thread said you passed ROFR is this the property you referred to? Curt

 

[frank808]

I got my Hilton on eBay 7K and it just passed ROFR. I got a deal at $6K ($0.85/point). I heard the complete opposite of Hilton exercising ROFR as of late.

Ctighe, please say it wasn't BCS Rentals. See the link that Seagalia posted, one is the thread I started to spread awareness on that crook. If it is, contact Amex now, assuming you HOPEFULLY used them.


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Did this one pass and another one get taken in rofr? You have another post that said you got exercised on your first timeshare so wondering if this is another one?

 

[1Kflyerguy]

Lots have passed.
$8500 for 8400 points, $3,250 for 5,000 points, $4,000 for 4800 points.

Thanks for the update. Great to see there are still good deals available.

 

[joeyb1180]

I am a little confused as one of your earlier posts in this thread said you passed ROFR is this the property you referred to? Curt

Didn't state that correctly. It passed title and was sent to ROFR, so I was concerned same would happen.


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[joeyb1180]

Did this one pass and another one get taken in rofr? You have another post that said you got exercised on your first timeshare so wondering if this is another one?

Nope, same property.


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[onenotesamba]

My most recent (resale) purchase, they did the verification/estoppel and the ROFR request at the same time, so I was only about 30 days to get the whole thing approved, then a few more days to record the new title, and the points showed up in my account shortly thereafter.

But now, I'm purchasing a second week, and it's taking for. ev. er. I'm purchasing from a (reputable, according to this forum) high volume seller, and their in-house closing company has taken over a month just to verify the unit, week, etc., even though they're pretty much just flipping it. Then, and only then, they'll submit it for ROFR. There's been good communication, but I don't understand why they don't just verify the unit and ask for ROFR in one fell swoop, like my last seller did.

Should I be concerned, or just annoyed?

 

[alexadeparis]

Just be annoyed. It will close eventually. My first unit took longer to close than my first. It was literally over 9 months and a complete nightmare.

 

[wgallen8]

Has HGVC exercised ROFR (Right of First Refusal) recently?

 

[elleny76]

I feel your pain!... I bought one in November 2015 and I called HGVC yesterday and they didn't even know I exist!... ( GPP says 4 more weeks..maybe?):annoyed:

My agent is cool its just some TS are a pain !

My most recent (resale) purchase, they did the verification/estoppel and the ROFR request at the same time, so I was only about 30 days to get the whole thing approved, then a few more days to record the new title, and the points showed up in my account shortly thereafter.

But now, I'm purchasing a second week, and it's taking for. ev. er. I'm purchasing from a (reputable, according to this forum) high volume seller, and their in-house closing company has taken over a month just to verify the unit, week, etc., even though they're pretty much just flipping it. Then, and only then, they'll submit it for ROFR. There's been good communication, but I don't understand why they don't just verify the unit and ask for ROFR in one fell swoop, like my last seller did.

Should I be concerned, or just annoyed?

 

[elleny76]

Seth, $8500 for 8400 points
All those prices below are just for the TS alone or its for the general purchase including : closing cost , Club fee of $995 and FM for the year?

Thanks

_____________________________________________

Lots have passed.
$8500 for 8400 points, $3,250 for 5,000 points, $4,000 for 4800 points.

 

[wgallen8]

Any that Hilton exercised on?

 

[onenotesamba]

In case anyone is keeping track (or is on tenterhooks waiting for an answer), I just had Hilton waive ROFR on a 4800 pt. 1BR Platinum unit at the Las Vegas Boulevard/Strip property. Purchase price was $3000. I feel like it was a good deal, considering that the property has the lowest MF in the system, across the board.

 

[seagila]

NY W 57th for just over $3k

Concluded auction here

Seems inexpensive for a NY deed. Was tempted to bid just for the NY booking advantage, but did not think I was going travel to NY often enough to justify the higher mf.

Curious if it passes ROFR.

 

[cas42021]

Concluded auction here

Seems inexpensive for a NY deed. Was tempted to bid just for the NY booking advantage, but did not think I was going travel to NY often enough to justify the higher mf.

Curious if it passes ROFR.

Wow that is cheap...$1600 annual MF's though

 

[CalGalTraveler]

Concluded auction here

Seems inexpensive for a NY deed. Was tempted to bid just for the NY booking advantage, but did not think I was going travel to NY often enough to justify the higher mf.

Curious if it passes ROFR.

For some reason I cannot see the listing. Perhaps it didn't meet reserve? If it did close this is a sweet deal for HGVC ROFR. $3000 cost for a property that they will turn around and sell for $50k+ retail? How many businesses make this kind of margin long term?

 

[1Kflyerguy]

For some reason I cannot see the listing. Perhaps it didn't meet reserve? If it did close this is a sweet deal for HGVC ROFR. $3000 cost for a property that they will turn around and sell for $50k+ retail? How many businesses make this kind of margin long term?

Scroll down if your using a web browser, eBay displays current lisitings first, with the closed auction at the bottom of the page. The eBay app on a mobile devices lists it at the top.

My guess is HGVC will snap that one up with ROFR, but that is just my guess.

 

[CalGalTraveler]

Scroll down if your using a web browser, eBay displays current lisitings first, with the closed auction at the bottom of the page. The eBay app on a mobile devices lists it at the top.

My guess is HGVC will snap that one up with ROFR, but that is just my guess.

Thanks. I can see it now. There seems to be several inconsistencies in the advertisement e.g. they show an image of W 57th, but the address they indicate is HCNY on Avenue of the Americas. Also I am not aware of any W. 57 5000 point units (They are 3800 or 5250 or 7k). Perhaps this is an RTU unit from HCNY?

 

[1Kflyerguy]

Thanks. I can see it now. There seems to be several inconsistencies in the advertisement e.g. they show an image of W 57th, but the address they indicate is HCNY on Avenue of the Americas. Also I am not aware of any W. 57 5000 point units (They are 3800 or 5250 or 7k). Perhaps this is an RTU unit from HCNY?

Unfortunately errors are pretty common all across eBay. One of the easiest way to create a listing is to copy an existing or older auction listing.

I hope the successful bidder got what they expected..

 

[TheCryptkeeper]

5000 points and Avenue of Americas suggests Hilton Club, not W. 57th Street (W. 57th Street would be 5250 point). At Hilton Club there are some Right-to-Use units remaining (although I believe they're also offering deeded properties now).

 

[asmitch]

Does anyone have any recent ROFR activity on 7k pt properties? I've seen some go quite cheap on eBay recently.


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