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Hyatt Portfolio Points Program

GTLINZ

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I would suggest the resale value of HPP points is ZERO, rather than "close to zero". :)
Dealing with timeshares is kinda like playing with grenades - close to the target is good enough since the damage inflicted is about the same!
 

Kal

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...Siesta Key is not a typical weekly ownership - it is fractional (usually larger chunks of time). I think somebody has to decide they want to use Hyatt points and turn in some of their time for it to be available. So I don't think it becomes available by default at 6 months out if a reservation for it is not made. That would explain why availability is rare....
The purchase price for Siesta Key was substantial. I believe those owners have various options for usage. If they don't occupy the unit themselves, the best option would be to rent the unit. I don't see where they could get comparable value by applying the points for usage in the HRC system (except for maybe two of the Colorado high mountain resorts).
 

audax one

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Very sorry to hear that you were mislead. I would also say you have plenty of company on Tug with people who were taken advantage of - but we are here now and we learn to 1) not get swindled again and 2) maximize the use of what we have.

Siesta Key is not a typical weekly ownership - it is fractional (usually larger chunks of time). I think somebody has to decide they want to use Hyatt points and turn in some of their time for it to be available. So I don't think it becomes available by default at 6 months out if a reservation for it is not made. That would explain why availability is rare.

The PP locations you have the booking advantage on are not plentiful at this point but may become so later if corporate keeps buying legacy weeks. But you do have access to HRC weeks also and I hope you decide to use what you have - it will eventually give you some payback that will ease the pain. Each year I use my points I get more value out of them that the MFs I pay in.

One real advantage of Hyatt is inventory in the Keys - so if you like the area it is not that hard to book outside of snowbird time.
Appreciate the encouragement thanks. I think it is very interesting that they offered me to get out of the maint (i.e. dissolve the obligation) a little while ago. I still wonder what they are up to, and given the track record, I can't imagine it is going to be a benefit to me. Sure, I like the keys just fine. I usually go to the plantation, and most of the time you can use the Hyatt Regency property rigth next door (of course you have to pay to park there now - I love being nickel and dimed to death).
 

alameda94501

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[...] Inventory is not officially just at those two locations, not sure where you are getting that.
@audax one, very sorry to hear you stuck as an HPC buyer. I wrote a series of seven posts on the Portfolio Club last year (mainly from the perspective of a legacy HRC owner) and one of them went through the Legal Property Records to gain a picture of the HPC Inventory. Since Coconut Plantation is the next (and only known) HPC expansion, that's what I meant by "Wild Oak and Coconut Plantation" being the primary two properties. The post is as of June 2019, but only Coconut Plantation would be the difference, besides a small smattering of ROFR purchases by Hyatt.

Click here for the HRC and HPC Inventory Post

Also in case it is helpful, here are the other six posts.

Click here for the Introduction Post
Click here for the Request List, Wait List, and Reservations Post
Click here for the Annual Conversion Option Post
Click here for the Hyattizing and Developer Benefits Post
Click here for the Sales Tactics using the Reservation Site
Click here for the Maintenance Fee
 

audax one

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@audax one, very sorry to hear you stuck as an HPC buyer. I wrote a series of seven posts on the Portfolio Club last year (mainly from the perspective of a legacy HRC owner) and one of them went through the Legal Property Records to gain a picture of the HPC Inventory. Since Coconut Plantation is the next (and only known) HPC expansion, that's what I meant by "Wild Oak and Coconut Plantation" being the primary two properties. The post is as of June 2019, but only Coconut Plantation would be the difference, besides a small smattering of ROFR purchases by Hyatt.

Click here for the HRC and HPC Inventory Post

Also in case it is helpful, here are the other six posts.

Click here for the Introduction Post
Click here for the Request List, Wait List, and Reservations Post
Click here for the Annual Conversion Option Post
Click here for the Hyattizing and Developer Benefits Post
Click here for the Sales Tactics using the Reservation Site
Click here for the Maintenance Fee
This is a stunning amount of information, thank you. It is going to take some time to take it all in. I remember pressing them, hard, so I thought, for complete info when I was entangled in the sales process. I can see how woefully inadequate my efforts were now. What a mess. Thanks again.
 

Kal

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This is a stunning amount of information, thank you. It is going to take some time to take it all in. I remember pressing them, hard, so I thought, for complete info when I was entangled in the sales process. I can see how woefully inadequate my efforts were now. What a mess. Thanks again.
As I recall, Hyatt provides HPP buyers with a "deed". That would seem to give comfort to a prospective buyer. Of course the deed is for points not real property. Can you imagine how the county clerk would react to someone attempting to record that deed!
 

Anthony Schmid

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Is HPP so bad that its not even worth $0?

1592088117679.png
 

audax one

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Is HPP so bad that its not even worth $0?

View attachment 22088
Well, maybe. They don't shoot straight, that much is for sure. Would I have rescind if I could now? yes. I would. For me, I like going to the coconut plantation and when you do, you get to use the Hyatt Regency facilities next door, which are spectacular. They have black dates, so watch for that. If you can manage to utilize it at resort you like, and you enjoy it, I imagine (I hope) over time, you can justify the layout, not feel so bad about it. If you have not bought yet, I would say - stay away.
 

Anthony Schmid

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I'm currently closing on week 51 at Coconut Plantation at Bonita Springs, FL for $6,500. Hyatt just waived the sale last week so i'm good to go. I was reading about the HPP because it offered 1 night stays. I live in Orlando, FL and was considering HPP until i seen that all resorts are not apart of the HPP program.
 

audax one

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I'm currently closing on week 51 at Coconut Plantation at Bonita Springs, FL for $6,500. Hyatt just waived the sale last week so i'm good to go. I was reading about the HPP because it offered 1 night stays. I live in Orlando, FL and was considering HPP until i seen that all resorts are not apart of the HPP program.
Correct. There is a lot of bait and switch going on. They make you think "oh, you can go to any of these, anytime you want" but in reality, you cannot. They never talk about the "inventory" per the old programs, and how little inventory there actually is in the new program. Of course, you can use the old inventory if there is any available - for a additional cost, of course. They have lots of additional costs.
 

alameda94501

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Well, maybe. They don't shoot straight, that much is for sure. Would I have rescind if I could now? yes. I would. For me, I like going to the coconut plantation and when you do, you get to use the Hyatt Regency facilities next door, which are spectacular. They have black dates, so watch for that. If you can manage to utilize it at resort you like, and you enjoy it, I imagine (I hope) over time, you can justify the layout, not feel so bad about it. If you have not bought yet, I would say - stay away.
That's good, @audax one, that you like Coconut Plantation. Especially if/when the new extension in Coconut Plantation is complete, HPP owners have a strong advantage with all that HPP inventory. You'll get a six month headstart on the HPP inventory at Coconut Plantation and be dead-even in competing with HRC Legacy owners if you want to use their HRC inventory at Coconut Plantation (with the additional fees).
 

audax one

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That's good, @audax one, that you like Coconut Plantation. Especially if/when the new extension in Coconut Plantation is complete, HPP owners have a strong advantage with all that HPP inventory. You'll get a six month headstart on the HPP inventory at Coconut Plantation and be dead-even in competing with HRC Legacy owners if you want to use their HRC inventory at Coconut Plantation (with the additional fees).
Sure. But only 25% of the property is "dedicated" to HPP at Coconut. It is pretty galling that, during the pitch, they make you think this is "so flexible, it is the equivalent to booking a hotel on a whim for a long weekend" - ha! Not even close. You need to plan you trip at least six months out, and God knows, plans never change, right!?
 

AJCts411

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I may be off base here, being a non user of the points, use my weeks. But how can HPP trump an owned deeded week at Coconut plantation? That is to say if you lie it that much why not by?
 

audax one

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I may be off base here, being a non user of the points, use my weeks. But how can HPP trump an owned deeded week at Coconut plantation? That is to say if you lie it that much why not by?
I am not sure I understand your question, doesn't seem to make a lot of sense. I am guessing you think HPP owners trump non-HPP owners - that is NOT the case at all. They "allow" HPP people to access non-HPP inventory IF IT IS AVAILABLE for the time you want to be there. Otherwise, HPP owner is out of luck (that should be their motto for HPP owners - "out of luck").
 

GTLINZ

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But how can HPP trump an owned deeded week at Coconut plantation? That is to say if you lie it that much why not by?
Not sure what this means either.

You will see in the links above an analysis of the rules for reservations and waitlists. With HPC and HRC owners trying to get access to availability from both pools, the analysis goes thru the 4 combinations of both types of owners vying for inventory in each pool. The following statement found in the analysis may address your question - is is found in "Case 2: HPC Requests/Reservations for HRC Inventory Pool"

"This is at the crux of how Hyatt (HVGG) favors the HPC. What the Club to Club Exchange Agreement says is simply: "HVGG shall maintain all request lists or wait lists in accordance with the respective Club’s rules."

But... in HRC we have an 18mo Request List for HRC Inventory and in HPC they have a 12mo Request List for HPC Inventory except for the Membership Tier Bonus.

So - 1) An HRC member has no Membership Tier so we don't get the bonus and so we get a 12mo Request List for HPC Inventory, and 2) An HPC member can put forth an 18mo Request List for HRC Inventory.
"
 

bradj

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I am not sure I understand your question, doesn't seem to make a lot of sense. I am guessing you think HPP owners trump non-HPP owners - that is NOT the case at all. They "allow" HPP people to access non-HPP inventory IF IT IS AVAILABLE for the time you want to be there. Otherwise, HPP owner is out of luck (that should be their motto for HPP owners - "out of luck").
And try exiting the HPP program. Talk about "out of luck." There's absolutely no established resale market. No value. Deeded owners beware and don't buy or convert. Deeded weeks at least have some value.
 
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