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Hilton Grand Vacations strikes deal to acquire Diamond Resorts

I have 4 TS right now. 1 Hilton Odd, 7,000 points, 1 Hyatt Even 1400 points, 14,000 annual WM credits and 150,000 annual HICV credits. My total purchase price for all 4 was about $2500 all in. A little more than half of that was for my WM, which was fully loaded. I've only been treated poorly by salesmen and I think that is universal for everyone.... I've sold 3 others for a modest profit and given two others back (VRI and HICV). I love TS's, just take your time and buy resale at a location you want with a good company. I like having a mix of different brands it provides more options.
 
Already got my first request to call the marketing department for my trip next week. I’m sure we will be hounded for an update meeting. I think I will pass.
 
colatown said:
Since over 96% of shareholders, which includes them , approved the deal this didn't have the desired impact. Your link is from May 6,.
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I was totally surprise of that large vote to merge with DRI..
 
colatown said:
Since over 96% of shareholders, which includes them , approved the deal this didn't have the desired impact. Your link is from May 6,.
Click to expand...

It’s not my link - someone else posted it.
 
amy241 said:
It’s not my link - someone else posted it.
Click to expand...

That was a group that was very against the merger. The had a smallish stake in HGVC bought in the last half of 2020. They knew they didn’t have the votes to stop it so they were trying to convince others to vote against.
 
The actual vote to merge was 95.6% in attended.

Those shareholders voted to merge with DRI according to the about news article
 
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Fried_shrimp said:
I did use the word attend. ;) :ROFLMAO:

I'm just playing their game with the updates and letting them pay for a good chunk of my maint fees. Win/Win for me and the concierge (concierge gets a bonus for everyone they send to an update) though it's still a lose for the salesman. :cry: I've been doing this ever since they changed their rules from max 1 update per quarter so about 8 years now at 10-12 meetings per year at minimum $200 a pop. Quite a nice chunk of change.
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Changed from max 1 update per quarter to what is it now? Also, how do you get the $200 offers? That's sounds on the high side, my experience has been around $150 range.
 
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winger said:
Also, how do you get the $200 offers? That's sounds on the high side, my experience has been around $150 range.
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That was from a DRI owner. In general, I have been offered around $150-175 max also from HGVC (but I did earlier this year accept at $250 off MFs). So, now $250 off MFs is my new requirement.
 
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I never get offered at Hilton Hawaiian Village.

Sent from my SM-N975U using Tapatalk
 
GT75 said:
That was from a DRI owner. In general, I have been offered around $150-175 max also from HGVC (but I did earlier this year accept at $250 off MFs). So, now $250 off MFs is my new requirement.
Click to expand...

I’m heading to Elara tomorrow and got my calls to attend a meeting (picked after the 3rd call in 2 hours). Found out some interesting things (to me, at least).
  • Offered $100 gift card to attended a meeting. Pushed hard to get me to go before I checked or was able to get to our room. We politely declined

  • Did not know I was full resale. Asked if I was the original owner as the account said there was no reservations from 1994 until 2019. The owners purchased in 1994. We purchased from them in 2018 and had our first reservation in 2019. Didn’t even show when our account was made.

  • Really pushing benefits that many owners don’t know exist as thehook to get used to go.

  • No concierge at Elara right now. Go to Vegas.com for show discounts.


  • On a different note, Planet Hollywood is starting to charge for parking. I contacted the resort to see if Elara guests had to pay. The resort said if we were using club points, the fee will be waived. My guess is open season or home season stays would be included, but external exchanges would not. I don’t know about Hilton Hotel guests.
 
dayooper said:
I’m heading to Elara tomorrow and got my calls to attend a meeting (picked after the 3rd call in 2 hours). Found out some interesting things (to me, at least).
  • Offered $100 gift card to attended a meeting. Pushed hard to get me to go before I checked or was able to get to our room. We politely declined

  • Did not know I was full resale. Asked if I was the original owner as the account said there was no reservations from 1994 until 2019. The owners purchased in 1994. We purchased from them in 2018 and had our first reservation in 2019. Didn’t even show when our account was made.

  • Really pushing benefits that many owners don’t know exist as thehook to get used to go.

  • No concierge at Elara right now. Go to Vegas.com for show discounts.


  • On a different note, Planet Hollywood is starting to charge for parking. I contacted the resort to see if Elara guests had to pay. The resort said if we were using club points, the fee will be waived. My guess is open season or home season stays would be included, but external exchanges would not. I don’t know about Hilton Hotel guests.
Click to expand...

A little troubling on the one hand to hear that PH is starting to charge for parking. OTOH, if Elara guest using points to book get the fee waived, this could be a good thing. If you arrive at the wrong time, parking could be a little difficult as this was one of the few garages around that did not charge to park. Maybe now we'll be able to get a spot closer to the floor the entrance is on vs parking 3 or 4 floors up and either waiting on the elevators, which always seemed dirty to us, or hoping that all the escalators were actually functional. So maybe this is a good thing.

The overwhelming support for the merger isn't a surprise to me. Who really thought they'd do all this leg work only to have it fail at the end?

Let the speculation of how the merged product will work. I'm hopeful it's a better transition than the MVC/ILG merger, which has had very little movement so far as to have a combined product.
 
dayooper said:
Offered $100 gift card to attended a meeting. Pushed hard to get me to go before I checked or was able to get to our room. We politely declined
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IMO, the first offers are the lowest.
dayooper said:
Really pushing benefits that many owners don’t know exist as the hook to get used to go.
Click to expand...
IMO, this is typical. Of course, the sales force doesn't really know any information on this. What they do know is to sell you full retail.
 
GT75 said:
That was from a DRI owner. In general, I have been offered around $150-175 max also from HGVC (but I did earlier this year accept at $250 off MFs). So, now $250 off MFs is my new requirement.
Click to expand...
To clarify, my experience is also from Diamond's side. Thus, my question of how he is (sound like it) getting $200 Diamond offers consistently.
 
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winger said:
To clarify, my experience is also from Diamond's side. Thus, my question to the how be is (sound like it) getting $200 Diamond offers consistently.
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One of the main benefits to the merger to stockholders is that HGVC has cheaper sources of "tour flow" than Diamond. I would expect Diamond presentatipn bonuses to go down, not HGVC to go up.
 
bizaro86 said:
One of the main benefits to the merger to stockholders is that HGVC has cheaper sources of "tour flow" than Diamond. I would expect Diamond presentatipn bonuses to go down, not HGVC to go up.
Click to expand...

Along this line, it also gives HGVC direct access to current Diamond owners with different types of offers than they currently have while also lowering their cost (not only tour payouts) of acquiring a “new“ customer compared to today. They know the % of tours they should turn into a sale and I can see they could increase that % with this acquisition.
 
HGVC had their 2021 2nd quarter earning call on Friday and there was a bit of info available on how they plan to handle the different sections. Here are some highlights:
  • Says each group (bHC, HGVC and HVC/Diamond) will not have any disruptions in their purchased rights.
  • There will be “common currency” between the brands.
  • They are creating a new membership product that will make marketing easier to market.
  • The new membership, introduced next year, will be available to purchase separately or included with any upgrade
  • There will be new promotions, includenhanced Hilton Honors benefits and other promotions
  • Looking to get several Diamond resorts up to brand 1st quarter of next year.
Looks like the pay to play prediction was correct. Didn’t specifically say that the new membership will be required to book across platforms, but that was my take. The big question is how much will the membership cost to buy separately.

Link to the full transcript here.

Edits: Sorry for the mess of edits, I’m at the airport typing this on my phone. Southwest delayed our flight by 1:40. Big fingers typing on a phone plus stupid autocorrect is bad combination.
 
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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.
 
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