Hyatt ROFR

[ntsmith]

Hello Everyone,
I want to buy a Florida Hyatt timeshare. I made an offer on a resale and I was notified today that the developer exercised ROFR. The closing company said this never usually happens. Not sure if I believe that since I have no prior experience with Hyatt Vacation Club.

Has anyone else recently had one taken by the developer? Has anyone recently passed ROFR? Is it worth going through the process of locating another unit, doing all the paperwork and waiting 30 days again?

Thanks!

 

[lizap]

Hyatt had rarely been exercising ROFR, but maybe things are changing now that they are owned by II.

Hello Everyone,
I want to buy a Florida Hyatt timeshare. I made an offer on a resale and I was notified today that the developer exercised ROFR. The closing company said this never usually happens. Not sure if I believe that since I have no prior experience with Hyatt Vacation Club.

Has anyone else recently had one taken by the developer? Has anyone recently passed ROFR? Is it worth going through the process of locating another unit, doing all the paperwork and waiting 30 days again?

Thanks!

 

[sjsharkie]

Did you receive a copy of the ROFR exercise from the closing company?

It rarely does happen from what I have seen but I'm not sure what deal you got for the unit so it is hard to say whether II is starting to exercise rofr more often or if this is a one off.

Ryan

Sent from my SAMSUNG-SM-G900A using Tapatalk

 

[ntsmith]

Did you receive a copy of the ROFR exercise from the closing company?

It rarely does happen from what I have seen but I'm not sure what deal you got for the unit so it is hard to say whether II is starting to exercise rofr more often or if this is a one off.

Ryan

Sent from my SAMSUNG-SM-G900A using Tapatalk

Yes I received a copy of the ROFR exercise.

 

[wilma]

My nieces recently won an ebay auction for a Hyatt Sierra January week for $150. Hyatt exercised ROFR yesterday.

 

[lizap]

I guess this is good as it is helping support unit prices..

My nieces recently won an ebay auction for a Hyatt Sierra January week for $150. Hyatt exercised ROFR yesterday.

 

[scsu_hockey_fan]

Here is what I think Hyatt is doing and why........ They are stocking up on inventory to prepare for the newly announced "pure points program", buy buying back cheap 1300 and 1400 points weeks to re-sell to current owners as "extra" or "flex" points and stripping the deeded week from them. I also think that these extra points will be "dished" out on Jan 1. of each year, instead of the deeded week date. (or perhaps the buyer will get to pick?) The idea to figure out a way to do exactly what i just described above was actually explained to me by a hyatt sales lady back in fall of 2013.

What ever they end up doing with the new program, i hope there are laws in place so they can sell not more time or "points" then what would be allowed if they were just deeded weeks, Basically selling more time then what is available and flooding the pool and making reservations more difficult.

 

[lizap]

I don't get it - we already have a points program. Is Hyatt going the way of Marriott?

Here is what I think Hyatt is doing and why........ They are stocking up on inventory to prepare for the newly announced "pure points program", buy buying back cheap 1300 and 1400 points weeks to re-sell to current owners as "extra" or "flex" points and stripping the deeded week from them. I also think that these extra points will be "dished" out on Jan 1. of each year, instead of the deeded week date. (or perhaps the buyer will get to pick?) The idea to figure out a way to do exactly what i just described above was actually explained to me by a hyatt sales lady back in fall of 2013.

What ever they end up doing with the new program, i hope there are laws in place so they can sell not more time or "points" then what would be allowed if they were just deeded weeks, Basically selling more time then what is available and flooding the pool and making reservations more difficult.

 

[scsu_hockey_fan]

Please see thred on "hyatt pure points program" from last month. Sounds like "sales" in the "future" are going to just be for just points and not a hrpp execpt for maui.

I don't get it - we already have a points program. Is Hyatt going the way of Marriott?

 

[lizap]

I read this thread, but we still don't know the details yet. My guess is they are going to try to get more $ from existing owners, ala Marriott..

Please see thred on "hyatt pure points program" from last month. Sounds like "sales" in the "future" are going to just be for just points and not a hrpp execpt for maui.

 

[Key West Bill]

Hyatt in Florida

We recently bought a week for $7,000 on the secondary market. The Hyatt price was about $37,000 with some incentives. They did not challenge but a person at Hyatt told us that they were going to begin. That was in July. The person who found one for $150 was a no-brainer for Hyatt as they can resell it for thousands more. I hate to see the move to points as that makes inventory scarce.

 

[ondeadlin]

I recently closed on an 1800 point week for $1,750, which I thought was a good price, but never worried about passing ROFR because prior to now I'd never heard of a week being bought back.

 

[Beaglemom3]

I bought a platinum, 2000 pts, week 6, at the Hyatt Sunset Harbor (HSH) for $9.5k at the beginning of this year and a gold, 1880 pts., week 4 at HSH, last year for $8.5k.
I was assured by both resale agents that they would pass ROFR and they did.

-

 

[lizap]

You got a great price for 1800 points.

I recently closed on an 1800 point week for $1,750, which I thought was a good price, but never worried about passing ROFR because prior to now I'd never heard of a week being bought back.

 

[ondeadlin]

One key clarification: It was an EOY week (even).

I've got other weeks and another full every year week would have been too much. EOY was exactly what I wanted - I'd been looking for it for a while on eBay.

So, yes, if it were every year, it would have been a great price. For EOY, I think it was good.

 

[Beaglemom3]

One key clarification: It was an EOY week (even).

I've got other weeks and another full every year week would have been too much. EOY was exactly what I wanted - I'd been looking for it for a while on eBay.

So, yes, if it were every year, it would have been a great price. For EOY, I think it was good.

It is a great price. Best I've heard of even for an EOY.

I decided to pay what I paid as it's exactly where & when I wanted to stay in late January and February. Did not quibble as I did not want to lose out.

You see, I had been looking for a cottage or condo in Key West to buy, but did not want a 4th house to be responsible for. So, I thought about getting 2-3 contiguous weeks of timeshare in Key West and maybe one more in one of the upper Keys for a winter escape.

"My Plan" (Custer had a plan, too )
Right now I have week 4 at HSH, then we move out to the Marriott Beachside for week 5(using MRPs) and then back to HSH for week 6. I can play with some different points arrangement, but at least we escape the harsh New England winters for a few weeks now without the worry of another house.

 

[ondeadlin]

I decided to pay what I paid as it's exactly where & when I wanted to stay in late January and February. Did not quibble as I did not want to lose out.

Sometimes the price is less important than getting exactly what you want.

Sounds like a GREAT plan!

 

[Beaglemom3]

Sometimes the price is less important than getting exactly what you want.

Sounds like a GREAT plan!

Thanks !

May I ask where you bought ? 1800 points will take you far ."Ya done good !".

I am fond of the Coconut Plantation. Best lazy river pool !

=

 

[suzannesimon]

That Marriott Beachside is a beautiful resort. We stayed there a couple days after a partial week at Hyatt Windward Point. It looks like it was built as a timeshare. The units are beautiful.

 

[lizap]

I agree. Still an excellent price for 1800 points..

It is a great price. Best I've heard of even for an EOY.

I decided to pay what I paid as it's exactly where & when I wanted to stay in late January and February. Did not quibble as I did not want to lose out.

You see, I had been looking for a cottage or condo in Key West to buy, but did not want a 4th house to be responsible for. So, I thought about getting 2-3 contiguous weeks of timeshare in Key West and maybe one more in one of the upper Keys for a winter escape.

"My Plan" (Custer had a plan, too )
Right now I have week 4 at HSH, then we move out to the Marriott Beachside for week 5(using MRPs) and then back to HSH for week 6. I can play with some different points arrangement, but at least we escape the harsh New England winters for a few weeks now without the worry of another house.

 

[Beaglemom3]

That Marriott Beachside is a beautiful resort. We stayed there a couple days after a partial week at Hyatt Windward Point. It looks like it was built as a timeshare. The units are beautiful.

Thanks, Suzanne, for sharing that. The reviews and photos looked good, but there's nothing like a Tugger's input !

I opted for the larger, condo-like unit and water view, for an upcharge. Just a splurge.

-

 

[ondeadlin]

Thanks !

May I ask where you bought ? 1800 points will take you far ."Ya done good !".

I am fond of the Coconut Plantation. Best lazy river pool !

Wild Oak Ranch. We may not ever visit. We love the Hyatt ski properties. The 1800 points gives us flexibility to either tack weekend stays on to other II exchanges or go for multiple week-long stays in a studio.

 

[TFTG]

I was able to purchase week 51 at Hyatt High Sierra a few months ago in July and it passed Hyatt's ROFR. I feel the price I paid was reasonable for a Christmas week and was worried they would exercise ROFR.

As others have mentioned above, it looks like the new owner of HRC, Interval Intl, is looking to buy back inventory at lower prices and either keep prices high and/or get cheaper inventory for their new "Pure Points Program" they recently announced.

It will be interesting to see how this plays out over the next year...and what the new program will exactly consist of.

 

[suzannesimon]

Hello Everyone,
I want to buy a Florida Hyatt timeshare. I made an offer on a resale and I was notified today that the developer exercised ROFR. The closing company said this never usually happens. Not sure if I believe that since I have no prior experience with Hyatt Vacation Club.

Has anyone else recently had one taken by the developer? Has anyone recently passed ROFR? Is it worth going through the process of locating another unit, doing all the paperwork and waiting 30 days again?

Thanks!

I didn't see what price the Hyatt Vacation club was ROFR'd. Could you share it with us?

 

[ondeadlin]

If they're buying back weeks at the absolute lowest end of the spectrum for a Marriott-like trust, I think that's probably good for current owners. It will support resale prices and ensure those weeks are regularly paying MFs.

Hard to evaluate a hypothetical trust program until we see (1) in what increments they offer points; (2) the price per point; and (3) the MF per point.