Hilton Grand Vacations strikes deal to acquire Diamond Resorts

[Seaport104]

I am hoping the take the Virginia Beach resorts and move them into the HGVC category with an offer to the existing owners to convert them into HGVC units. Fingers crossed....

 

[youppi]

Info DRI members received from HGVC

Any new info regarding DRI sale to Hilton?

So, does Mark Wang work for HVAC? Who is David Katz? I’m a little confused with this message. Did someone gather this info and post it here or did Katz or Wang weigh in here on TUG? First, its HGV or HGVC, not HVAC. Let me make it really simple. These excerpts were from the online meeting...

tugbbs.com

Any new info regarding DRI sale to Hilton?

So, does Mark Wang work for HVAC? Who is David Katz? I’m a little confused with this message. Did someone gather this info and post it here or did Katz or Wang weigh in here on TUG? First, its HGV or HGVC, not HVAC. Let me make it really simple. These excerpts were from the online meeting...

tugbbs.com

 

[dsmrp]

It's a done deal.

Hilton Grand Vacations Completes Acquisition of Diamond Resorts

Hilton Grand Vacations Completes Acquisition of Diamond Resorts

www.businesswire.com

 

[escanoe]

I could use some more points, but not bad enough to make a developer purchase. I agree about $1k would be my limit to be able to use a common currency. The benefits would be not having to pay RCI exchange fees and resort fees when trading into HGV properties (outer banks is where that would be most relevant to me). I would also like better access to the Virginia Beach resorts, but I can't imagine summer availability will be that great through an HGVC/HVC bridge.

It will be interesting to see
A. The common currency
B. The buy in price

I’m definitely not interested in more points or deeds. I have all I need.

I might be interested in a buy in to move between HVC and HGVC. DRI had two locations we miss traveling easily too, Sedona AZ and Santa Fe NM. Estes Park was nice but nearly impossible to reserve.

Otherwise most of DRI’s locations are covered by MVC with better resorts in more prime locations.

Keep the buy in less than $1,000 and it will be a consideration. Over $1,000 and it’s doubtful I’ll see the benefit.

 

[Ty1on]

I could use some more points, but not bad enough to make a developer purchase. I agree about $1k would be my limit to be able to use a common currency. The benefits would be not having to pay RCI exchange fees and resort fees when trading into HGV properties (outer banks is where that would be most relevant to me). I would also like better access to the Virginia Beach resorts, but I can't imagine summer availability will be that great through an HGVC/HVC bridge.

They may do something similar to Wyndham's Club Pass that allows exchange between WorldMark retail owners and Club Wyndham Retail owners. There is a fee for the exchange, I think it's $99.

I am hoping the take the Virginia Beach resorts and move them into the HGVC category with an offer to the existing owners to convert them into HGVC units. Fingers crossed....

There are system and contractual reasons an acquiring company doesn't cherry pick acquired individual resorts into its original brand.

 

[CalGalTraveler]

One event that may be driving HGV to focus on early 2022 for partial integration rollout is that MVC is also targeting their years-in-the-making integration announcement at that time.

There will be a subset of Vistana and MVC owners who may use this as an opportunity to look around at competitors to research the best next step. Similarly, there will be uncertain Diamond and HGV owners MVC will try to attract.

Once they buy, it will be difficult to pursue these customers for several more years so they won't want to miss this window. There is only so much budget and vacation time. Competition is good...we are in both systems. Let the games begin.