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Hyatt now has a buy back program

ResaleExpert

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Resorts Owned
Hyatt High Sierra Lodge
Hyatt Wild Oak Ranch
Marriott Royal Palms
Sands of Kahana fractional (sold)
All I can say is nothing since end of March through last week has been exercised.
Marriott Vacation Club stated in Sept. they are basing much of their buy back numbers on current developer sales, which have been extremely low. Still, it MIGHT be possible they COULD start with selective resales as prices are lower than prior to March for most (not all; summer in High Sierra Lodge saw significant increases in sales AND sales prices for example). No risk to buy now and timing the very bottom could result in Hyatt buying back a great deal by waiting. I also can say that if Hyatt sells Portfolio Points without a deed for $21.00 per point (list price) and the resale is even $3.00 or $4.00 per point that these are ALL fabulous ownerships when used and enjoyed; whether 80% or 90% discounts. Bill
Did they copy the letter? I'm sure it will happen some time...just when and 'how' aggressive?
 

bdh

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Bill here; yes, Marriott HAD agreements with many of the HOA boards to buy back foreclosures for one year's dues however, it appears they unilaterally 'postponed' these. Of course, this is what experts are saying.
Hyatt had a buy back foreclosure agreement in place with the Beach House HOA. From what's been heard on the "coconut telegraph", Hyatt asked the HOA to put the agreement on hold for the time being - according to the coconut telegraph, the BH HOA voted to suspend the agreement.
 

bdh

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All I can say is nothing since end of March through last week has been exercised.
Marriott Vacation Club stated in Sept. they are basing much of their buy back numbers on current developer sales, which have been extremely low. Still, it MIGHT be possible they COULD start with selective resales as prices are lower than prior to March for most (not all; summer in High Sierra Lodge saw significant increases in sales AND sales prices for example). No risk to buy now and timing the very bottom could result in Hyatt buying back a great deal by waiting. I also can say that if Hyatt sells Portfolio Points without a deed for $21.00 per point (list price) and the resale is even $3.00 or $4.00 per point that these are ALL fabulous ownerships when used and enjoyed; whether 80% or 90% discounts. Bill
Did they copy the letter? I'm sure it will happen some time...just when and 'how' aggressive?
Agree with Bill the RE. Combine CV-19 with Hyatt backing away from ROFR the past 4 months, if I was in the market for a Hyatt TS, NOW is the time to jump in!
 
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