• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 30 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 30th anniversary: Happy 30th Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $21,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $21 Million dollars
  • Sign up to get the TUG Newsletter for free!

    60,000+ subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

HVC Maui

Kyle

newbie
Joined
Oct 17, 2005
Messages
10
Reaction score
0
With the current economy, has construction of HVC Maui been placed on hold? Does anyone know? Thanks.
 

Cathyb

Tug Review Crew: Rookie
TUG Member
Joined
Jun 6, 2005
Messages
4,935
Reaction score
0
Location
Carlsbad, CA
I asked yesterday at Sedona about Maui and 'she couldn't talk about that location'
 

Kal

TUG Member
Joined
Jun 6, 2005
Messages
4,434
Reaction score
559
Location
Redmond, WA
Hyatt is typically very closed mouth about any future resorts. They want sales people to focus on the property where they are situated and not discuss those which are not yet operational.
 

Carmel85

TUG Member
Joined
May 29, 2006
Messages
913
Reaction score
1
Location
CA
Yes Kal is 100% correct.

I am very happy Hyatt is building more rooms at Sedona and Texas because MF's went down for 2009 even in this economy.

All is quiet about Maui, lets see would you start a project with this economy? Election coming up? New taxes? Money? The good news is Hyatt must start this project I think with in 3 years or they will loose their permit but they can always get a time extension.

People that are looking to buy Hyatt they should look at what resorts we have not and not presume anything else like Hawaii,Bermuda and other sites Kal has on his great website.

Northstar and Siesta Key are almost done Northstar in early 2009 and Siesta Key late 2009. NYC very soon.

c85
 

tahoeJoe

TUG Member
Joined
Mar 11, 2008
Messages
981
Reaction score
51
Location
Northern California
Hvc Nyc?

NYC very soon.

c85

Is NYC still a go? If yes, it should be well into the construction process since (according to Hyatt's own newsletter) it will OPEN in Dec 2009. Lastly, if HVC New York City is under construction and opening in approx 12 months, why no sales office, prices, or info?

-TJ
 

Carmel85

TUG Member
Joined
May 29, 2006
Messages
913
Reaction score
1
Location
CA
I do not see how Hyatt would start Maui with this news about Starwood.

Starwood profits fall on lower Hawaii timeshare demand
Pacific Business News (Honolulu)

Starwood Hotels & Resorts revenue fell 5 percent in the third quarter and the company blamed slowing timeshare sales in Hawaii and Florida.

Revenue for vacation ownership was down 27.4 percent to $183 million, compared to 2007. The company said contract sales of vacation ownership intervals decreased nearly 30 percent mostly due to the sellout of the company’s Westin Kaanapali Ocean Resort North on Maui and an overall decline in demand.

The company said it did not sell any vacation ownership receivables during the quarter, from which it had previously anticipated a gain of $10 million to $15 million.

Starwood said it expects operating income from its timeshare business to drop as much as $115 million this year as demand in Hawaii and Orlando, Fla. slows.

The White Plains, N.Y.-based company (NYSE: HOT) reported profits of $113 million for the quarter, compared to $129 million during the same period last year.

Revenue was 5 percent lower, totaling $575 million, down from $605 million during the third quarter 2007.

The company operates 12 properties in Hawaii.
 

darcy

newbie
Joined
Dec 6, 2006
Messages
97
Reaction score
0
Location
Austin, Texas
We wandered into the sales gallery (to look at some of the photos on the walls) when we were at the Hyatt in Aspen last week, and the guy there said that construction at Maui was on hold. He mentioned the NYC property, but I didn't note what opening date he said.
 

bdh

TUG Member
Joined
Aug 12, 2006
Messages
786
Reaction score
198
While in Key West last week, the Hyatt staff mentioned the properties coming on line as:

Northstar - some units in Dec 2008, remainder by March 2009.
Siesta Key - mid 2009
NYC - early 2010
 
Top