alameda94501
TUG Member
- Joined
- Apr 14, 2016
- Messages
- 238
- Reaction score
- 160
- Points
- 153
This is part of a series of posts:
Click here for the Introduction Post
Click here for the HRC and HPC Inventory Post
Click here for the Annual Conversion Option Post
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There are two pools of inventory now - an HRC pool and an HPC pool.
There are thus four cases to cover:
One of the trickiest things is that different HPC members get slightly different privileges depending on their Membership Tier (cf: Exhibit B - Membership Tier Level Chart)
(sorry how small print it is, you'll have to click to zoom in)
Case 1: HPC Requests/Reservations for HPC Inventory Pool
(cf: Reservation Rules and Regulations for the HPC Club Vacation Ownership Plan, Exhibit #2 to the Multisite Public Offering Statement)
(cf: Club to Club Exchange Agreement)
A. Request List (between 18mo thru 12mo) “… shall mean the list of HPC Club Owners who wish to make a reservation for use of a Vacation Period in advance of the Owner Reservation Period related to such Vacation Period.
B. Owner Reservation Period [ORP]: (12mo to 6mo prior to Check-In Day) - “during which the HPC Club Owner must compete on a first come, first served basis with other HPC Club Owners to reserve the use of any available Vacation Periods in the HPC Club.”
There is an "HPC Fixed option" that members can additionally purchase that gives a special 12mo to 9mo fixed reservation option.
This is the equivalent of the HRPP in HCP land. No one but HPC Club members can compete for this inventory.
C. Exchange Reservation Period (6mo to 2mo) – “During the Exchange Reservation Period, HPC Club Owners and HRC Members have the voluntary right, on a first come, first served basis, to reserve the use of any available Vacation Period within the HPC Club.”
This is what you are seeing in the web site when you see Portfolio Points openings.
D. HPC Club Priority Period (2mo to Check-In Day) – “during which HPC Club Owners have only limited rights to reserve the related Accommodation within the HPC Club.”
Similar to HRC Club Priority Periods, this is how the developer snatches sales weeks and/or does maintenance, but primarily it's open for either HRC or HPC ownership.
Case 2: HPC Requests/Reservations for HRC Inventory Pool
(cf: Reservation Rules and Regulations for the HPC Club Vacation Ownership Plan, Exhibit #2 to the Multisite Public Offering Statement)
(cf: Club to Club Exchange Agreement)
A. Request List (18mo) –”for HPC Club Owners who wish to make reservations for use of Weeks or Split Weeks within the Hyatt Residence Club through the exchange program with Hyatt Residence Club established pursuant to the Club to Club Exchange Agreement in advance of the Week or Split Week being available for reservation by HPC Club Owners.
This is at the crux of how Hyatt (HVGG) favors the HPC. What the Club to Club Exchange Agreement says is simply: "HVGG shall maintain all request lists or wait lists in accordance with the respective Club’s rules."
But... in HRC we have an 18mo Request List for HRC Inventory and in HPC they have a 12mo Request List for HPC Inventory except for the Membership Tier Bonus.
So - 1) An HRC member has no Membership Tier so we don't get the bonus and so we get a 12mo Request List for HPC Inventory, and 2) An HPC member can put forth an 18mo Request List for HRC Inventory.
B. Club Use Period (6mo to 60 days) – “During the Club Use Period, a Club Member must compete with other Members on a first come, first served basis for a reservation for any available Week or Split Week. Club Members will have only limited rights to reserve Weeks or Split Weeks within the Club during the Club Priority Period described below.”
Here HPC competes with us equally for our own HRC CUP weeks.
C. Club Priority Period (60days to 0) – “If a reservation request for a given Week has not been received by Reservation Services by the beginning of the Club Priority Period (the 60-day period preceding the first day of use of every Week), Reservation Services’ ability to confirm a subsequent reservation request for the Week will be limited.”
Again, HPC competes with us equally for our own HRC CPP weeks.
Case 3. HRC Requests/Reservations for HPC Inventory Pool
A. Request List (12mo)
Again, the Club to Club Agreement states: "HVGG shall maintain all request lists or wait lists in accordance with the respective Club’s rules."
And you can see this on the web site where it says in the Request List portion: "If you are using your Portfolio Points to submit a waitlist request for Portfolio Program Resorts, we are accepting those up to 12 months prior to check-in."
B. Exchange Reservation Period (6mo to 2mo) – “During the Exchange Reservation Period, HPC Club Owners and HRC Members have the voluntary right, on a first come, first served basis, to reserve the use of any available Vacation Period within the HPC Club.”
So we miss out on the first 12mo to 6mo period (the ORP) but can compete with them after six months on the HPC inventory.
C. HPC Club Priority Period (2mo to Check-In Day) – “during which Club Owners have only limited rights to reserve the related Accommodation within the HPC Club.”
Same in the HPC Club Priority Period.
Case 4. HRC Requests/Reservations for HRC Inventory Pool
Well... you've all been doing this for some time, probably so I won't bore you here! Nothing's changed within the HRC.
Click here for the Introduction Post
Click here for the HRC and HPC Inventory Post
Click here for the Annual Conversion Option Post
-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-
There are two pools of inventory now - an HRC pool and an HPC pool.
There are thus four cases to cover:
- HPC Requests/Reservations for HPC Inventory Pool
- HPC Requests/Reservations for HRC Inventory Pool
- HRC Requests/Reservations for HPC Inventory Pool
- HRC Requests/Reservations for HRC Inventory Pool
One of the trickiest things is that different HPC members get slightly different privileges depending on their Membership Tier (cf: Exhibit B - Membership Tier Level Chart)



(sorry how small print it is, you'll have to click to zoom in)
Case 1: HPC Requests/Reservations for HPC Inventory Pool
(cf: Reservation Rules and Regulations for the HPC Club Vacation Ownership Plan, Exhibit #2 to the Multisite Public Offering Statement)
(cf: Club to Club Exchange Agreement)
A. Request List (between 18mo thru 12mo) “… shall mean the list of HPC Club Owners who wish to make a reservation for use of a Vacation Period in advance of the Owner Reservation Period related to such Vacation Period.
Elite Owners (6,600+ HPC Portfolio Points) can annually request either "18 months before check in day for 1 reservation for a max of 14 nights or 2 reservations for a max 7 nights each"
Premier Owners (4,400 - 6,600 HPP) can annually request "16 months before check in for 1 reservation of maximum of 7 nights"
Executive Owners (2,200 - 4,400 HPP) can annually request "15 months before check in for 1 reservation of maximum of 7 nights
Classic Owners (0 - 2,200 HPP) can annually request "14 months before check in for 1 reservation of maximum of 7 nights"
Non-Authorized RESALE HPC Owners do not have any request list privileges.
After the special Tier-based annual request list bonus, all HPC owners have a 12 month Request List. (This will be important later)
Premier Owners (4,400 - 6,600 HPP) can annually request "16 months before check in for 1 reservation of maximum of 7 nights"
Executive Owners (2,200 - 4,400 HPP) can annually request "15 months before check in for 1 reservation of maximum of 7 nights
Classic Owners (0 - 2,200 HPP) can annually request "14 months before check in for 1 reservation of maximum of 7 nights"
Non-Authorized RESALE HPC Owners do not have any request list privileges.
After the special Tier-based annual request list bonus, all HPC owners have a 12 month Request List. (This will be important later)
B. Owner Reservation Period [ORP]: (12mo to 6mo prior to Check-In Day) - “during which the HPC Club Owner must compete on a first come, first served basis with other HPC Club Owners to reserve the use of any available Vacation Periods in the HPC Club.”
There is an "HPC Fixed option" that members can additionally purchase that gives a special 12mo to 9mo fixed reservation option.
This is the equivalent of the HRPP in HCP land. No one but HPC Club members can compete for this inventory.
C. Exchange Reservation Period (6mo to 2mo) – “During the Exchange Reservation Period, HPC Club Owners and HRC Members have the voluntary right, on a first come, first served basis, to reserve the use of any available Vacation Period within the HPC Club.”
This is what you are seeing in the web site when you see Portfolio Points openings.
D. HPC Club Priority Period (2mo to Check-In Day) – “during which HPC Club Owners have only limited rights to reserve the related Accommodation within the HPC Club.”
Similar to HRC Club Priority Periods, this is how the developer snatches sales weeks and/or does maintenance, but primarily it's open for either HRC or HPC ownership.
Case 2: HPC Requests/Reservations for HRC Inventory Pool
(cf: Reservation Rules and Regulations for the HPC Club Vacation Ownership Plan, Exhibit #2 to the Multisite Public Offering Statement)
(cf: Club to Club Exchange Agreement)
A. Request List (18mo) –”for HPC Club Owners who wish to make reservations for use of Weeks or Split Weeks within the Hyatt Residence Club through the exchange program with Hyatt Residence Club established pursuant to the Club to Club Exchange Agreement in advance of the Week or Split Week being available for reservation by HPC Club Owners.
This is at the crux of how Hyatt (HVGG) favors the HPC. What the Club to Club Exchange Agreement says is simply: "HVGG shall maintain all request lists or wait lists in accordance with the respective Club’s rules."
But... in HRC we have an 18mo Request List for HRC Inventory and in HPC they have a 12mo Request List for HPC Inventory except for the Membership Tier Bonus.
So - 1) An HRC member has no Membership Tier so we don't get the bonus and so we get a 12mo Request List for HPC Inventory, and 2) An HPC member can put forth an 18mo Request List for HRC Inventory.
B. Club Use Period (6mo to 60 days) – “During the Club Use Period, a Club Member must compete with other Members on a first come, first served basis for a reservation for any available Week or Split Week. Club Members will have only limited rights to reserve Weeks or Split Weeks within the Club during the Club Priority Period described below.”
Here HPC competes with us equally for our own HRC CUP weeks.
C. Club Priority Period (60days to 0) – “If a reservation request for a given Week has not been received by Reservation Services by the beginning of the Club Priority Period (the 60-day period preceding the first day of use of every Week), Reservation Services’ ability to confirm a subsequent reservation request for the Week will be limited.”
Again, HPC competes with us equally for our own HRC CPP weeks.
Case 3. HRC Requests/Reservations for HPC Inventory Pool
A. Request List (12mo)
Again, the Club to Club Agreement states: "HVGG shall maintain all request lists or wait lists in accordance with the respective Club’s rules."
And you can see this on the web site where it says in the Request List portion: "If you are using your Portfolio Points to submit a waitlist request for Portfolio Program Resorts, we are accepting those up to 12 months prior to check-in."
B. Exchange Reservation Period (6mo to 2mo) – “During the Exchange Reservation Period, HPC Club Owners and HRC Members have the voluntary right, on a first come, first served basis, to reserve the use of any available Vacation Period within the HPC Club.”
So we miss out on the first 12mo to 6mo period (the ORP) but can compete with them after six months on the HPC inventory.
C. HPC Club Priority Period (2mo to Check-In Day) – “during which Club Owners have only limited rights to reserve the related Accommodation within the HPC Club.”
Same in the HPC Club Priority Period.
Case 4. HRC Requests/Reservations for HRC Inventory Pool
Well... you've all been doing this for some time, probably so I won't bore you here! Nothing's changed within the HRC.
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