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Hicv rofr

S

skotrla

TUG Member
Joined
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Location
Texas
I heard recently that HICV exercised ROFR on a South Beach unit - anyone ever heard of this happening before?

-Scott Kotrla
Owner, HICV Google+ Group
 
I have heard it happening a lot lately , I am waiting for one to go thru right now will post when I here something
 
Yes, that has happened to me in the past when I tried to buy HIVC at South Beach. It is easier to buy at Lake Geneva old points system - Marcus Vacation points.

Those will convert to Holiday Inn Vacation Club points.
 
I've completed purchases on 3 South Beach units in the last 18 months (105K 1BR, 150K 2BR, and 150K 2BR Odd) and paid a grand total of $400 for all 3 units including closing, including one completed in April. What kind of units are they exercising ROFR on? Maybe Signature?

-Scott Kotrla
Owner, HICV Google+ Group
 
Last edited:
skotrla said:
I've completed purchases on 3 South Beach units in the last 18 months (105K 1BR, 150K 2BR, and 150K 2BR Odd) and paid a grand total of $400 for all 3 units including closing, including one completed in April. What kind of units are they exercising ROFR on? Maybe Signature?

-Scott Kotrla
Owner, HICV Google+ Group
Click to expand...

Wow! Awesome deals!!! I want to learn from you:hi:
 
Sandy,

You just have to be patient and be willing to let them go if the price is too high - during that same timeframe I made bids on Ebay and lost, made offers on listings that were not accepted, and passed on really overpriced listings for probably 10 times as many units. In some cases I paid more for current year usage but then got a refund because the previous owner decided to use it.

Also, you have to be looking to buy at the right time - sometime I'll have months with no buying opportunities, followed by several offers being accepted within the span of a couple of weeks. Even if I have enough points, I'm always willing to buy additional units with maintenance $/1K below my current average in the hopes that I'll be able to eventually sell the higher maintenance units.

-Scott
Owner, HICV Google+ Group
 
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