Hilton Club offers to buy back

[amisco]

Hilton Club Buy Back Reportedly Ended

I heard from a reliable source that the buy back of Hilton Club New York memberships has ended. I hope that everyone who wanted to take the offers has done so already. I think that future resales of these RTU interests will be be on the resale market, still subject to ROFR but at a much lower premium than the recent offers.

For our ownership we decided to keep the unit because we love going to NYC each year and I will be in my eighties when the RTU contract expires... (I probably will not be going to NYC much at that time...assuming that I am going anywhere...LOL)

 

[LondonAndy]

Well, I got made another offer (of three times the amount I paid in the resale market five years ago). I do like the Hilton Club, but my stay last year was a bit soured, and there are now so many more options for a family to stay in NYC (airbnb for example).

I've now decided to take the money and run and given that the exchange rate is about 10% better if you are selling $ and buying £ than it was when I bought, I'll be even more in the money!

I'll miss the Hilton Gold membership, but guess I'll need to get that through my credit card....

Thanks to everyone for their help when I was first buying and for the advice given here when selling.

 

[Carlsbadguy]

Mine was only a little over double what I paid about 8 years ago, but decided to sell it back. Just sent in the paperwork and made my reservations to use up my last 2016 points. Maybe I should have waited for a better offer.

 

[Jason245]

Now that they are spinning off, I imagine they are going to escalate these buy backs to get these rtu deeds out of system.

Sent from my SAMSUNG-SM-N910A using Tapatalk

 

[debbyest]

HGVC resale

I got an e-mail from HGVC a couple of days ago. It is about three times the amount we paid in the resale market about four years ago. I think that we'll hang on to it regardless......

We have noticed that you have not been using your points. If you are considering selling your timeshare interval, please be advised that HGVC has a new option that may be of interest to you. This option is called Cancel Partial Refund.

With this option we can cancel your contract, and mail you a check for $19,700.00 NET to you within approximately ten to twelve weeks from the day you decide to execute this option. This is a very quick and easy option with virtually no waiting time. Although you will no longer be a member of HGVC you will be able to keep your HHonors membership according to their terms of use and at the tier that you have earned directly with HHonors. Please keep in mind that this offer is subject to change and is not guaranteed for a future date. If you are interested in this option, please contact us as soon as possible.

Best regards,

Resale Department
Hilton Grand Vacations
6355 Metrowest Blvd, Suite 180
Orlando, FL 32835
800-579-6129 or 407-722-3721
407-722-3720 Fax
resale@hgvc.com

Ha Ha, Hilton offered to buy back our HGVC timeshare for about 10% of what we originally paid for it!!! It was not in NYC though!

 

[LondonAndy]

Despite me saying that I'm taking the money and running, Hilton aren't being very forthcoming in providing the money! I sent the signed documents back over 5 months ago, and despite e-mails and voice mails I haven't had the check back.

Eventually I got a message today saying "We are trying to straighten everything out with the Title Company. Apparently, they are having issues finding the Resale deed from Mr. & Mrs. <<redacted>> over to you in order to deed back to Hilton, but I have been working with the title company to correct this problem."

To my thinking this isn't my problem - they have told me that I can't use the benefits of ownership after signing the documents, but aren't providing the money they promised! Being in the UK I don't understand the US system of title registration - is there a time after which it is reasonable to expect interest to be paid on the agreed amount? Is there a time after which the threat of legal action would be justified? I understand that paperwork gets lost, but this isn't my problem and if they can't find the Resale deed now, how will they find it in one, two, or twelve months?

Any thoughts would be appreciated.

(At least one good thing has come out of Brexit - if I ever do get the US$ check it will be worth a lot more GB£ that it was six months ago!

 

[AriMorgan]

You will not get paid until the title company is done on their end. If something is missing they have to wait to record it and then you will be mailed a check.