Huge Hyatt Maintenance Fees

[Robert D]

I found a Hyatt Residence Club Beaver Creek 2BR week 8 for sale for $10,000 but the maintenance fees are $4,428! It says that it is 2,200 fixed points and 1,440 float points. Why are the fees so high and what does the fixed and float points mean? I own a lot of timeshares that I rent but have never owned Hyatt because the fees have always been too high. I've heard the transfer fees are high too.

 

[DAman]

This appears to be for two weeks. $2214 a week. Still a little high but not unconscionable. 3640 points is a decent amount of points. You can do better owning at Piñon Pointe on a per point/MF basis but if you want week 8 at Beaver Creek it’s not out of line. IMO.

The fixed week is self explanatory. The float week probably allows you to book a mud week and either use it or take the points.

 

[ScoopKona]

I found a Hyatt Residence Club Beaver Creek 2BR week 8 for sale for $10,000 but the maintenance fees are $4,428! It says that it is 2,200 fixed points and 1,440 float points. Why are the fees so high and what does the fixed and float points mean? I own a lot of timeshares that I rent but have never owned Hyatt because the fees have always been too high. I've heard the transfer fees are high too.

2200 points is a diamond week. No issues there. 1440 is strange. I've never stayed at any of the Colorado properties. (And ever since Marriott took over, strange things are happening with the club.) There is no 1440-point HRC week. There's silver at 1400. There's Gold at 1880. But no 1440. They may have sold the ski weeks with the caveat: "You have to take this as well. Use these points to play around in the HRC or II system." Because otherwise the resort would only sell the ski and summer weeks.

3640 points is 8 studio weeks in Interval with about 200 leftover points in change. It's more realistic to assume four or five weeks in a mix of unit sizes (if just trading). That's $100-135 per night.

As DAman points out, you can do better -- Sedona is the winner for bang for the buck. And the winner for "we don't have any natural disasters." But the skiing isn't particularly well regarded -- even up in Flagstaff, which does in fact have skiing. Thankfully, I've never been attracted to any sport that includes an ambulance at the end of the run. (But I'm OK with "you might drown, blow out a lung, or suffer an air-gas embolism." Go figure.)

If you ski, this is a pretty good deal. You're getting 2200 points for $2675 per year (I'm prorating the maintenance fee); and 1440 for $1753. I pay $1500 for 1880 points in Key West. (If I had a Diamond week, I would pay the more attractive $1500 for 2200 points.) So the numbers aren't out of line.

If you don't use your diamond week, or trade down in size, you have at least a couple weeks of vacation in addition. More realistically, you have three-to-five weeks. And if you're OK with studios, many weeks each year. I could stay in Europe for two full months with 3640 points.

 

[echino]

2,200 + 1,440 is for 18 nights. 2,200 is 7 nights fixed week during Diamond season. 1,440 is 11 floating nights during Copper season: 1,100 for the week + 340 for 4 nights mid-week. Maintenance fee is so high because it's calculated based on 18 nights.

 

[brdweb]

I found a Hyatt Residence Club Beaver Creek 2BR week 8 for sale for $10,000 but the maintenance fees are $4,428! It says that it is 2,200 fixed points and 1,440 float points. Why are the fees so high and what does the fixed and float points mean? I own a lot of timeshares that I rent but have never owned Hyatt because the fees have always been too high. I've heard the transfer fees are high too.

That’s not expensive at all. If you don’t want it I’ll buy it


Sent from my iPhone using Tapatalk Pro

 

[TABLVNV]

Both Beaver Creek properties -- HRC Mountain Lodge and HRC Park Hyatt -- were sold based upon 20 "ski weeks," weeks 47-14 (Thanksgiving to mid-April). Owner gets specific ski week for owned unit plus 10 float days to be used weeks 15-46 at property. Or, owner can exchange point value of ski week and/or float days to book other HRC properties or exchange via Interval.

 

[ScoopKona]

Both Beaver Creek properties -- HRC Mountain Lodge and HRC Park Hyatt -- were sold based upon 20 "ski weeks," weeks 47-14 (Thanksgiving to mid-April). Owner gets specific ski week for owned unit plus 10 float days to be used weeks 15-46 at property. Or, owner can exchange point value of ski week and/or float days to book other HRC properties or exchange via Interval.

I find it odd that they couldn't sell summer weeks to hikers, fly fishers, and people just trying to escape the heat in the southwest. As far as I'm concerned, the best time to visit Colorado is right now -- when it's 117f outside in what seems like half the country.

 

[RunCat]

I find it odd that they couldn't sell summer weeks to hikers, fly fishers, and people just trying to escape the heat in the southwest. As far as I'm concerned, the best time to visit Colorado is right now -- when it's 117f outside in what seems like half the country.

I had a friend selling at the Park Hyatt in 2007. At the time, even though summer was popular, the money was, and arguably still is, in the winter. It was much easier to sell a fixed winter-week unit than to try and sell a fixed summer week.

 

[GTLINZ]

Very clever of them to package non-ski time with a ski week (and the associated MFs) !

1) 7 day ski week
2) 7 day copper week, likely with same MF as ski week. You cannot let this week go since it is part of the package.
3) 4 day copper midweek. Like above but even better for them - you probably pay 4/7 of weeks MF but they keeep one weekend of every two, likely in hopes of direct rentals.

This strategy keeps low demand weeks from defaulting as they tend to at non ski properties. That is indirectly good for the owners, but they are paying for it.

 

[sponger76]

Very clever of them to package non-ski time with a ski week (and the associated MFs) !

I think I saw on the HGVC forum that they do the same thing at certain resorts, except it's a ski week paired with a non-ski week rather than a number of non-ski days. Apparently the thinking is that people want to hold onto their ski weeks so bad they'll pay the MFs for the non-ski weeks as well, so those offseason week MFs are defaulted on less than from owners of just standalone non-ski weeks.