• 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!

Hyatt now has a buy back program

bdh

TUG Member
Joined
Aug 12, 2006
Messages
786
Reaction score
198
I don't know the details of the program, but here's the link to their website on the topic.

 

PerryKing

TUG Member
Joined
Jul 17, 2011
Messages
402
Reaction score
171
Location
Colorado
Resorts Owned
HYATT: Beaver Creek, Breckenridge, Bonita Springs, and 2X Dorado Puerto Rico.
-##-
MEXICO: Crown Paradise, Royal Holiday Club, Vidanta Mayan Palace, and Vidanta "Kingdom of the Sun-Nuevo Vallarta at Vidanta World.
?? We will see about that ! Maybe don't get to excited about it. Even if legit, maybe they are only interested in buy backs at properties where they trying to sell the Portfolio Points program !
Since I do have my 3 bedroom peak ski week 11 at HMSS Breckenridge for sale here on TUG I sent an email to the Hyatt.com/ Exit address listed on the site, I will see what happens next. I'm guessing however I will not be very impressed !

Thanks
 

ivywag

TUG Member
Joined
Jan 22, 2011
Messages
366
Reaction score
116
Location
Northern California
I don't know the details of the program, but here's the link to their website on the topic.

It doesn't really say that it's a "buyback." I read it as an offer to help you sell your unit-probably for a fee. It is pretty short on details! You can be sure that it will benefit Marriott.
 

PerryKing

TUG Member
Joined
Jul 17, 2011
Messages
402
Reaction score
171
Location
Colorado
Resorts Owned
HYATT: Beaver Creek, Breckenridge, Bonita Springs, and 2X Dorado Puerto Rico.
-##-
MEXICO: Crown Paradise, Royal Holiday Club, Vidanta Mayan Palace, and Vidanta "Kingdom of the Sun-Nuevo Vallarta at Vidanta World.
You are right on I believe !!
 

CPNY

TUG Member
Joined
Jun 18, 2019
Messages
7,618
Reaction score
4,485
Resorts Owned
Harborside Resort at Atlantis
SVV - Key West/Bella
WKV
Regal Vista at Massanutten
It doesn't really say that it's a "buyback." I read it as an offer to help you sell your unit-probably for a fee. It is pretty short on details! You can be sure that it will benefit Marriott.
Wouldn’t be surprised if Marriott is buying units to add into a common currency program with inventory they own. legally they probably can’t but who knows.
 

PerryKing

TUG Member
Joined
Jul 17, 2011
Messages
402
Reaction score
171
Location
Colorado
Resorts Owned
HYATT: Beaver Creek, Breckenridge, Bonita Springs, and 2X Dorado Puerto Rico.
-##-
MEXICO: Crown Paradise, Royal Holiday Club, Vidanta Mayan Palace, and Vidanta "Kingdom of the Sun-Nuevo Vallarta at Vidanta World.
However Like IVTWIG posted above it appears to not be a "BUY BACK " program but a "help you Exit " program.
 

TravelTime

TUG Member
Joined
Mar 20, 2018
Messages
8,108
Reaction score
6,467
Location
California
Resorts Owned
All Resale: MVC DPs, Marriott Ko Olina, Marriott Marbella, WKOVR-N, Four Seasons Aviara
I just sold back a Hyatt Windward Point to Hyatt.
 

PerryKing

TUG Member
Joined
Jul 17, 2011
Messages
402
Reaction score
171
Location
Colorado
Resorts Owned
HYATT: Beaver Creek, Breckenridge, Bonita Springs, and 2X Dorado Puerto Rico.
-##-
MEXICO: Crown Paradise, Royal Holiday Club, Vidanta Mayan Palace, and Vidanta "Kingdom of the Sun-Nuevo Vallarta at Vidanta World.
Well that's great, please tell us some of the details, did you sell it through Hyatt and their new "EXIT " service? or did Hyatt actually buy it from you ? or did you maybe actually "trade it in" to buy into the portfolio points program.
Thank you.
 

SteelerGal

TUG Member
Joined
Mar 8, 2019
Messages
1,758
Reaction score
835
Resorts Owned
WKV, SDO, HPP, Bay Club
I’m not surprised. Since purchasing Vistana, a deedback program is now offered. It’s been an option available to Marriott owners. You basically have to pay the next years MF for deedback.
 

TravelTime

TUG Member
Joined
Mar 20, 2018
Messages
8,108
Reaction score
6,467
Location
California
Resorts Owned
All Resale: MVC DPs, Marriott Ko Olina, Marriott Marbella, WKOVR-N, Four Seasons Aviara
I called the resale operations for Marriott, Vistana and Hyatt. Hyatt is purchasing the week from me for $5400. It is an annual Diamond week at Windward Point in Key West. The transaction takes about 90 days to close. Hyatt will assume MFs in 2021 so 2020 was my last year of paying MFs. I am happy to answer any other questions.
 

PerryKing

TUG Member
Joined
Jul 17, 2011
Messages
402
Reaction score
171
Location
Colorado
Resorts Owned
HYATT: Beaver Creek, Breckenridge, Bonita Springs, and 2X Dorado Puerto Rico.
-##-
MEXICO: Crown Paradise, Royal Holiday Club, Vidanta Mayan Palace, and Vidanta "Kingdom of the Sun-Nuevo Vallarta at Vidanta World.
Do you have their phone number please?
 

bdh

TUG Member
Joined
Aug 12, 2006
Messages
786
Reaction score
198
Do you have their phone number please?

Info from the Hyatt link:

To speak to an Exit Specialist about your options, call toll-free +1 833.‍891.‍9412, 9:00 AM‍–‍5:00 PM Monday through Thursday, 10:00 AM‍–‍5:00 PM Friday, Eastern Time
 

TravelTime

TUG Member
Joined
Mar 20, 2018
Messages
8,108
Reaction score
6,467
Location
California
Resorts Owned
All Resale: MVC DPs, Marriott Ko Olina, Marriott Marbella, WKOVR-N, Four Seasons Aviara
I called the number on this link:

 

bradj

TUG Member
Joined
Jul 21, 2019
Messages
60
Reaction score
37
Resorts Owned
Hyatt Beach House
I called the resale operations for Marriott, Vistana and Hyatt. Hyatt is purchasing the week from me for $5400. It is an annual Diamond week at Windward Point in Key West. The transaction takes about 90 days to close. Hyatt will assume MFs in 2021 so 2020 was my last year of paying MFs. I am happy to answer any other questions.

I just sold my Platinum week 20 Beach House 2000 points back to Hyatt for $5400 net on March 10th, 2020. ($6150 minus $750 closing expenses.) 60 t0 120 days to close depending on which agent you talk to. I talked to 4. Also there is some confusing info on the return of your prepaid maintenance fees. Also depends on which agent you talk to. Any real answers to that? Hyatt is claiming to be buying and exercising FROR for all Hyatt resales. Not true. When cornered, they (Hyatt/Marriott) admitted they have a "threshold" at which they will NOT buy a unit back. Very misleading. My advice for all Sunset Harbor deeded owners is to NEVER give up a deeded week to Hyatt or participate in any Portfolio Points program. Your weeks are far too valuable.
 

travelhacker

TUG Review Crew
TUG Member
Joined
Oct 10, 2018
Messages
1,349
Reaction score
1,164
I just sold my Platinum week 20 Beach House 2000 points back to Hyatt for $5400 net on March 10th, 2020. ($6150 minus $750 closing expenses.) 60 t0 120 days to close depending on which agent you talk to. I talked to 4. Also there is some confusing info on the return of your prepaid maintenance fees. Also depends on which agent you talk to. Any real answers to that? Hyatt is claiming to be buying and exercising FROR for all Hyatt resales. Not true. When cornered, they (Hyatt/Marriott) admitted they have a "threshold" at which they will NOT buy a unit back. Very misleading. My advice for all Sunset Harbor deeded owners is to NEVER give up a deeded week to Hyatt or participate in any Portfolio Points program. Your weeks are far too valuable.
The amounts they are paying is so much higher than I would have thought. I could have bought a week 20 at Windward Pointe this time last year for $2500 ALL in....kinda wish I would have pulled the trigger on it, I just didn't see week 20 as a week that would have much demand.
 

Sapper

Tug Review Crew: Rookie
TUG Member
Joined
Oct 12, 2016
Messages
1,205
Reaction score
756
Location
Houston, TX
I wonder if they are only buying units they can dump into the Portfolio Program. For example, if you called up with a High Sierra unit, would they take it or say thanks but no thanks?

@PerryKing did you ever call? What did they say?
 

bradj

TUG Member
Joined
Jul 21, 2019
Messages
60
Reaction score
37
Resorts Owned
Hyatt Beach House
The amounts they are paying is so much higher than I would have thought. I could have bought a week 20 at Windward Pointe this time last year for $2500 ALL in....kinda wish I would have pulled the trigger on it, I just didn't see week 20 as a week that would have much demand.

FYI Just to brag a little bit, I bought the Beach House week 20 I just sold for $5400 off of Ebay 3 years ago for $10 (ten) dollars. At the time it was a silver week 1400 points. About a1/12 years ago Hyatt made it a platinum week, 2000 points. It gets even better. It came to me with prepaid maintenance fees, the 1400 points AND a one week reservation at Sunset Harbor! Even at $10 Hyatt did not exercise their First Right of Refusal. I did let the previous owner keep the Sunset Harbor reservation that he had made that came with my deal as a guest of mine. This whole deal was a matter of l-u-c-k. I just happened to be on Ebay when the "buy it now" for $10 popped up.
 

JanT

TUG Member
Joined
Jun 7, 2005
Messages
2,867
Reaction score
1,460
Why do you think this? For the right price from Hyatt I would probably sell our Sunset Harbor week to them.

My advice for all Sunset Harbor deeded owners is to NEVER give up a deeded week to Hyatt or participate in any Portfolio Points program. Your weeks are far too valuable.
 

alameda94501

TUG Member
Joined
Apr 14, 2016
Messages
238
Reaction score
160
I wonder if they are only buying units they can dump into the Portfolio Program. For example, if you called up with a High Sierra unit, would they take it or say thanks but no thanks?

I'm pretty sure they need more High Sierra units right now. I think they've only got around 20 unit-weeks. Not sure what they would do with a non-platinum/non-diamond week.
 

bdh

TUG Member
Joined
Aug 12, 2006
Messages
786
Reaction score
198
My advice for all Sunset Harbor deeded owners is to NEVER give up a deeded week to Hyatt or participate in any Portfolio Points program. Your weeks are far too valuable.

Hyatt must need inventory at HSH for their points program as they've been exercising ROFR the past couple of months - and the ROFR price continues to climb.
 

AJCts411

TUG Member
Joined
Apr 4, 2017
Messages
977
Reaction score
882
Resorts Owned
Hyatt Sunset x 2
My observations for Sunset, there is a high demand for the gold/platinum weeks, and almost as much for the silver weeks. From what the salesman disclosed inadvertently at a owners update, I'm reading between the lines, that HPP does not have the inventory for demand...no surprise there...and most likely to exercise ROFR at anything too low. Too low...my estimate is under the association owed listings, about 5-6K , perhaps.
 

JanT

TUG Member
Joined
Jun 7, 2005
Messages
2,867
Reaction score
1,460
Just out of curiosity I sent the resale operations office an email this morning about a potential buyback of our Hyatt Sunset Harbor week. I will report here what they say.

My observations for Sunset, there is a high demand for the gold/platinum weeks, and almost as much for the silver weeks. From what the salesman disclosed inadvertently at a owners update, I'm reading between the lines, that HPP does not have the inventory for demand...no surprise there...and most likely to exercise ROFR at anything too low. Too low...my estimate is under the association owed listings, about 5-6K , perhaps.
 
Last edited:

dahntahn

TUG Member
Joined
Jul 10, 2013
Messages
92
Reaction score
59
Location
Pittsburgh PA
Resorts Owned
DVC Saratoga Springs, Hyatt Beach House, Hyatt Coconut Plantation
Called Hyatt resale and they have a deedback program for anyone who wants to give their weeks back for free, just to get out from under the maintenance fees. They may be buying some weeks back, but offered nothing for my 3 Beach House weeks [diamond, platinum, gold] and my one Coconut week. [week 2 gold].
 

Sapper

Tug Review Crew: Rookie
TUG Member
Joined
Oct 12, 2016
Messages
1,205
Reaction score
756
Location
Houston, TX
I'm pretty sure they need more High Sierra units right now. I think they've only got around 20 unit-weeks. Not sure what they would do with a non-platinum/non-diamond week.

For some reason I thought the High Sierra was excluded from from HPP. I went back through the documentation, and sure enough, there it is. I guess I was thinking the Mountain Lodge, my mistake.
 

bdh

TUG Member
Joined
Aug 12, 2006
Messages
786
Reaction score
198
Called Hyatt resale and they have a deedback program for anyone who wants to give their weeks back for free, just to get out from under the maintenance fees. They may be buying some weeks back, but offered nothing for my 3 Beach House weeks [diamond, platinum, gold] and my one Coconut week. [week 2 gold].
They bought Beach House and a Windward Pointe weeks back - and now they say a deed back program. Sounds like they pick and choose when to do a buy back just the way they pick and choose when to do a ROFR - expect it's some formula of how much money they have to spend and how many points they need to dump into HPP. When they don't have money in their check book, they don't buy and say they're only accepting deed backs.
 
Top