I don't think the fractional units will continue to sell. The whole ownership units will sell and I believe that the investors don't want to prolong the sales program. Unless the inventory has been "spoiled" by selling intervals in every unit, I predict the investors will unwind the remaining fractional inventory and "reconstitute" it into whole ownership.
Hyatt modified their development model of the basic TS product years ago when they headed into fractional units with the Colorado properties (since mud season units are difficult to sell, fractional was the ideal product in Colorado). The development model adjustment continued with the planned mixed hotel, TS and fractional properties of Hawaii and Manhattan - while the construction of the Hawaii TS/fractional units were never added to the existing hotel property, Manhattan's construction was completed but they never rolled out the TS/fractional units (since it is a small number of units, they just turned them over to the hotel side to rent on a nightly basis for now). The migration continued with the development of new fractional properties like Northstar and HSK. Throw in the recent acquirement of The Blue and Escala Lodge whole ownership properties and the recent inclusion of fractional sales at these properties, the direction is pretty obvious to see. The public name change from Hyatt Vacation Club to Hyatt Residence Club a year ago was just a continuation of the change in direction.
Since it takes considerable time (years) to develop a new property from concept to completion and the economy was heading south as construction of Northstar and HSK was wrapping up, only a portion of the total units at each property were released for sale as fractional. By holding back the sale of the remaining units, it makes it easy to adjust the model to whole ownership on the remaining unreleased units. By reading the last paragraph of page 1 and the first paragraph of page 2 of the public records, you can see that only 11 of the 44 HSK units are fractional - the remaining 33 can be sold as fractional or whole ownership as demand dictates. http://www.clerk.co.sarasota.fl.us/oprapp/cache/2011138265.pdf
At the moment, demand is for 2 whole ownership units, so that is what they supplied.
With as unpredictable as the future economy is, the time tested concept of supply and demand would say that all of Hyatt's future development plans would be a mixture of ownership types and include the ability to adjust the type as demand dictates. No reason to think that all of the Caribbean projects being considered at this point in time are anything other than a mixture and the final outcome is a TBD.
REVISED LINK PATH
In order to view the public records document you'll need to access Sarasota County's search page first at http://www.clerk.co.sarasota.fl.us/oprapp/oprinq.asp
then enter 2011138265 into the left "instrument number from" box and hit search - when the next page loads, click the "image" link at the right side.