Hyatt now has a buy back program

[mlnuwer]

I don't know the details of the program, but here's the link to their website on the topic.

Exit Specialists Are Here to Help

Hyatt Vacation Club is doling out some serious #VacationEnvy. Check it out!

www.hyattresidenceclub.com

We own Welk San Diego a part of the HVC and I was told that there was an Exit Program, got an email from owner services and responded. All it said is that they will put you on their list and if there is anything about exiting they will be sure to let you know. I imagine all they will ever do is take it back for free!

 

[TUGBrian]

welk used to have a fair deedback program, but IIRC they really only ever took back platinum points.

then that slowly turned into not taking back anything and ive honestly not heard of a successful WELK ownership deedback in quite some time despite it still being advertised as an option.

hyatt (og hyatt) is a different story though im not sure very many hyatt/hyatt owners are in the situation where they cant sell or give away their units and thus dont have as big a need for a deedback program compared to hyatt/welk owners!

 

[RykerS]

I don't know the details of the program, but here's the link to their website on the topic.

Exit Specialists Are Here to Help

Hyatt Vacation Club is doling out some serious #VacationEnvy. Check it out!

www.hyattresidenceclub.com

I contacted them and received this response: "...we have registered your interest to exit your Hyatt Vacation Club ownership. At this time we do not have an exit offer for your ownership. We will contact you in the future, should an exit option become available...." Useless.

 

[rdc]

I had 2 weeks and was interested in reducing back to one. I initially got a similar response, but a few months later I called directly to one of their “specialists “ and they did buy back the week.

 

[TUGBrian]

yep, call/email regularly! and its almost always better to do this at the beginning of the year vs towards the end.

 

[jksung5295]

Just a quick update on this.

Trying to find options for Hyatt Beach House Week 40 (gold). Submitted online form early morning no response yet, so called the number found here and they did offer Deedback program. No cash compensation and i will be required to pay 2025 MF and have the ability to use 2025 points and Hyatt will take over starting in 2026. So i guess it is an option still.

 

[GTLINZ]

Just a quick update on this.

Trying to find options for Hyatt Beach House Week 40 (gold). Submitted online form early morning no response yet, so called the number found here and they did offer Deedback program. No cash compensation and i will be required to pay 2025 MF and have the ability to use 2025 points and Hyatt will take over starting in 2026. So i guess it is an option still.

You would have no issues selling a week 40 gold HBH unit, and should have time to do it before paying 2025 MF.

 

[jnaconde]

Just a quick update on this.

Trying to find options for Hyatt Beach House Week 40 (gold). Submitted online form early morning no response yet, so called the number found here and they did offer Deedback program. No cash compensation and i will be required to pay 2025 MF and have the ability to use 2025 points and Hyatt will take over starting in 2026. So i guess it is an option still.

That’s great, I’m glad you were successful! What is the phone number? I also submitted the online form a couple of days ago and got the “we have no exit options at this time response”. I’d like to try and call as well. Where is the phone number listed ? Thanks so much!

 

[Cranberry55]

Hi Everyone!

Thank you for folks who started this site, you are doing God's work here.

We have paid our TS long time ago and since our circumstances and availability to travel have changed we simply don't want/need it anymore.

Our HGVC (purchased 10 y ago, home resort in HI, but access to all locations) was offered a buy back by HGV resale department a few weeks ago and they are charging us $2,115 for, as they explained, "18 months fee that covers the company’s cost to transfer and record the title, as well as the costs HGV will incur related to future maintenance fee payments on your interval."

We don't currently have any outstanding invoices with them and our MF are due in Jan 2025 (we pay about $2,600 once every 2 years). I am, of course, trying to avoid paying anything and willing to give it away (and maybe I will on here once I figure out transfer fees due and other transfer related costs!).

From your experience with HGVC - is this a reasonable amount to pay the resort to exit?

Thanks so much!

 

[TUGBrian]

Hi Everyone!

Thank you for folks who started this site, you are doing God's work here.

We have paid our TS long time ago and since our circumstances and availability to travel have changed we simply don't want/need it anymore.

Our HGVC (purchased 10 y ago, home resort in HI, but access to all locations) was offered a buy back by HGV resale department a few weeks ago and they are charging us $2,115 for, as they explained, "18 months fee that covers the company’s cost to transfer and record the title, as well as the costs HGV will incur related to future maintenance fee payments on your interval."

We don't currently have any outstanding invoices with them and our MF are due in Jan 2025 (we pay about $2,600 once every 2 years). I am, of course, trying to avoid paying anything and willing to give it away (and maybe I will on here once I figure out transfer fees due and other transfer related costs!).

From your experience with HGVC - is this a reasonable amount to pay the resort to exit?

Thanks so much!

did you mean hyatt vs hilton? (this post is in the hyatt giveback thread)

 

[Cranberry55]

Sorry! I will post under Hilton.