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Hyatt now has a buy back program

SunandFun83

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Marriott: Canyon Villas, Grande Vista, Ocean Pointe
Hyatt: Coconut Plantation, Hyatt Pinion Point
I am interested in buying Diamond weeks at Coconut Plantation and Sunset Harbor.
Please PM if you are looking to get out.
 

brdweb

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I went to the BUYBACK website and called and spoke with them months ago. They told me my WEEK 4 PARK HYATT BEAVERCREEK is not eligible for the program.

How much do you want for it? Might be interested.


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Hockeyraz

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Just called about selling back my Hyatt Beach House annual 25 deeded week. They do not "buy" back anymore but will allow you to "deed" it back to them for $0.
 

AJCts411

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Just called about selling back my Hyatt Beach House annual 25 deeded week. They do not "buy" back anymore but will allow you to "deed" it back to them for $0.

Maybe you should consider trying to giving it away here, buyer pays closing and 2022 maintenance fees. If it goes to ROFR your ahead. If not, new owner would be happy, decent deal IMO for that amount of points. The rental would likely bring you in 2800 to 3200 for a two bedroom.
 

Hockeyraz

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Maybe you should consider trying to giving it away here, buyer pays closing and 2022 maintenance fees. If it goes to ROFR your ahead. If not, new owner would be happy, decent deal IMO for that amount of points. The rental would likely bring you in 2800 to 3200 for a two bedroom.
Information like this is why I join this group. I'm trying to understand what my options are and how to execute on those options. Thank you for your feedback.
 

travelhacker

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Just called about selling back my Hyatt Beach House annual 25 deeded week. They do not "buy" back anymore but will allow you to "deed" it back to them for $0.
I would list it on the market place. A couple of years ago these sold for about $2500, now it's looking they are going for around $3500-$4000. Not big money, but better than paying Hyatt to take it off your hands and better than giving it away.

Alternatively, you could list it on Redweek. If you price it well, I would think you should be able to get a buyer in short order.
 
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maryjane

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Is there a special number to call? I called the main number today and was told that they’re not doing deed backs anymore. I listed our week 26 Beach House unit on Red Week last year and had no interest. Deeding back to Hyatt seemed like the easiest way to divest ourselves.


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travelhacker

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Is there a special number to call? I called the main number today and was told that they’re not doing deed backs anymore. I listed our week 26 Beach House unit on Red Week last year and had no interest. Deeding back to Hyatt seemed like the easiest way to divest ourselves.


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What was your price? Things are a bit different from last year. I don’t think you’d have any trouble getting more than you’d get from Hyatt (nothing). I’d estimate 3500 to 4000.

Heck if you’re just going to give it away, I’d be happy to get into a sales agreeement to buy it at a low price to bait Hyatt into taking it in RoFR, if I got it then that would be great.
 
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AJCts411

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I read in the HRC facebook that Hyatt exercised ROFR on a Beach House week for $9000.00. It was a good week, platinum I believe.
 

alameda94501

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I read in the HRC facebook that Hyatt exercised ROFR on a Beach House week for $9000.00. It was a good week, platinum I believe.

Just curious @AJCts411 - what is the name of the HRC Facebook group? I thought I was a member but couldn't find it recently.
 

bradj

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I read in the HRC facebook that Hyatt exercised ROFR on a Beach House week for $9000.00. It was a good week, platinum I believe.
I'm not on Facebook. What week was it that ROFR was exercised by Hyatt fo $9000? Any way we can verify that? I sold a Platinum BH week 20 back to Hyatt for a little over $7000 which included the return of my maintenance fee. That was in March 2020. A week later they quit buying anything back and took advantage of Covid and got stuff for free,
 

dmarston

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

I just called the Hyatt Residence Club's Hacienda Del Mar in Puerto Rico where I co-own a Platinum week unit. (Hyatt Residence Club was acquired by Marriott Vacation Club some time back). They said that Hacienda Del Mar is NOT participating in Deed Buy Back program at this time. (11/14/22). They didn't share any reason why but said perhaps sometime in the future this would change. Seems strange to me that some Marriott Vacation Club properties have the choice to opt out of the deed back program. You would think it's a company wide policy to participate in the program. From a legal perspective, it seems inconsistent and discriminatory to exclude certain properties from the deed back program.
 

TUGBrian

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even when marriott took over vistana, they did not accept deedbacks from resorts outside the US. IIRC it had to do with how those properties were deeded/closing/etc.

does not sound like that policy has changed :(
 
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