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Hyatt exercised ROFR

Tucsonadventurer

TUG Review Crew: Veteran
TUG Member
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Messages
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Location
Tucson
Resorts Owned
Hyatt Pinon Pointe, Hyatt Beach House, Westin Kierland
We absolutely love our Hyatt. It is the best value wise in my opinion. My kids and our guests love it too.
 

sjsharkie

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I found a Hyatt ts online. Owner wants $1,000 plus all costs associated with sale. We submitted with LT Transfers and now Hyatt has answered saying they will purchase at the existing offer. Is there ANYTHING I can do?
Next time, be sure to include all fees in the contract as part of the purchase price and that seller is responsible for closing costs.

So instead of purchase price being $1k, you load the $1k purchase price + $650 transfer fee + $250 deed transfer/recording + $100 escrow (if any) + mf reimbursement (if any) all in the sale price. Then state that seller will pay all costs. This simple way of restating the transaction has several benefits.

Win-win for both...
Seller gets quicker transfer (generally, hyatt takes longer if they ROFR), plus sometimes they end up handling the closing themselves and seller will receive residual fees back from closing company (generally less ROFR processing fee).

Buyer has a better chance of passing ROFR.

-ryan
 

Anthony Schmid

TUG Member
Joined
Dec 13, 2016
Messages
151
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62
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89
Location
Orlando, FL
Resorts Owned
Grandview at Las Vegas, Elara a Hilton Grand Vacation Club, The Jockey Club, Hilton Grand Vacation Club at Coylumbridge, Hilton Grand Vacations at Craigendarroch
Here is your Freebie... 1880 points
 

Sapper

Tug Review Crew: Rookie
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Houston, TX
Here is your Freebie... 1880 points
“Free” does not make it a good deal. Between owners not being able to use it for years and the already high maintenance fee that took a staggering jump at the end of 2019, I would have trouble taking a diamond unit for free. All that being said, it should be a like new property (whenever they finish) in a beautiful location.
 

liongate88

TUG Member
Joined
Jul 30, 2020
Messages
20
Reaction score
2
Points
53
Resorts Owned
DIsney Aulani
Hi Does Hyatt residence club have resale restrictions? Can you book on all resorts with the hyatt points if you buy resale? And the MF is paid yearly for EOY? Thanks
 

Tucsonadventurer

TUG Review Crew: Veteran
TUG Member
Joined
Jul 17, 2014
Messages
1,203
Reaction score
304
Points
194
Location
Tucson
Resorts Owned
Hyatt Pinon Pointe, Hyatt Beach House, Westin Kierland
Hi Does Hyatt residence club have resale restrictions? Can you book on all resorts with the hyatt points if you buy resale? And the MF is paid yearly for EOY? Thanks
The only restriction is that you can't use points for hotel stays but that is a very poor use of points and there are many other ways to accumulate Hyatt hotel points
 

Anthony Schmid

TUG Member
Joined
Dec 13, 2016
Messages
151
Reaction score
62
Points
89
Location
Orlando, FL
Resorts Owned
Grandview at Las Vegas, Elara a Hilton Grand Vacation Club, The Jockey Club, Hilton Grand Vacation Club at Coylumbridge, Hilton Grand Vacations at Craigendarroch
Anyone here win this Auction? This price included closing costs and fees

1597075621473.png
 

escanoe

TUG Member
Joined
Jun 3, 2018
Messages
476
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241
Points
104
Location
Washington, DC
Resorts Owned
HGVC: Flamingo & Anderson Ocean Club
Woodstone (Luxury, RCI Points) at Massanutten Resort
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