Interested in Hyatt Points went to presentation at Hyatt Wild Oak

[ljlong15]

Good morning, so we went to a presentation and here was the offer $38K for 1100. Now that my kids are getting older me and my husband are more interested in taking 3/4 day trips. We own 3 Marriotts-weeks, but we did not enroll into their points system. Like to have the weeks to travel with the kids so no intention of getting rid of them. The one thing that interest us on the presentation was a code that they used to get great rates at Hyatt brand hotels. Does the code come with some level of ownership? Or what they showed us was not really all that good. Thank you for any information.

 

[GTLINZ]

The Hyatt Points program (HPP) is a trust like Marriott Abound, with limited inventory so far and generally higher MFs per point (see below).

The original deeded HRC weeks (Hyatt Residence Club) are also a points system (unlike Marriott) - you can use your week (specific unit also) or use the points. You can purchase a deeded week resale and save a lot of cash, and resale still has all rights to use the points system. I use my points for a combination of shorter stays and Interval exchanges.

HPP owners have first access to their inventory, and HRC owners have first access to their inventory - then a six months out the other system has access. I have met HPP owners at resorts who are frustrated with lack of inventory and did not realize they will see a lot more at 6 months out because it is HRC inventory.

If you go on ebay you will find HPP resales are generally worthless because of restrictions they place on resales. In my opinion, HPP is an very bad deal and many other HRC owners on this board have voiced a similiar opinion over the years.

HRC weeks have the same MF no matter what the season - so a 2br 1300 point bronze week has the same MF at a resort as a 2200 point diamond week. You can often get a low season week for free and have more points than your 38K 1100 point deal - but the MFs are by points in HPP so the MF would likely be lower per point with their offer - but that is not saying much.

If you are interested in Hyatt timeshare points, i would consider a gold 1880, platinum 2000, or diamond 2200 point 2br deeded HRC week purchased resale. Aside from Maui, most of them will be well under 10k and likely under 5k to purchase with a better MF ratio on points. The lower the season, the less the cost to get in, but the MF cost per point rises with lower seasons. The MFs vary by resort, so some are better than others for MF cost per point.

 

[socaltimeshare]

The one thing that interest us on the presentation was a code that they used to get great rates at Hyatt brand hotels.

I’ve never heard of such code. There is a code that can be used for a discount at Hyatt Vacation Clubs only, but availability can be limited and is not a crazy good discount.

 

[Kal]

Just to put the number in perspective, for considerably less, you can purchase a resale Maui 2 BR 2200 point unit. It hurts my head to even think you would give these hucksters $38K for anything especially a paltry 1100 points which is useless in the system.

 

[ScoopKona]

This is a horrible deal.

 

[Scavanjer]

I just got out of a sales presentation with Hyatt for the Maui resort at Kaanapali. This is our 2nd presentation with these guys and we are staying at the HR next door on the special "access pass" rate. The pitch this time was pretty much the same as 2.5 years ago.

Floating 2BR, every other year, mid-band floors. Roughly 39K and that includes 300K World of Hyatt points, 2K credit for our HR stay and some other nominal discounts. He started the presentation with a 2BR annual contract with 1M Hyatt points as an incentive.

The discussion was cordial but he quickly understood that I know the Hyatt program, both the Globalist hotel perks and the Hyatt Residence Club, pretty darn well. He made several pitches and brought in a closer but it was pretty easy to decline the offers.

For my 1 hour investment in time I received an additional 25K points and I also signed up for another access package to return in 2 years. I made it pretty clear I will probably never purchase at HKB from the developer. They said thats fine we'd love to have you come back.

When I told him I own a deeded week in Sedona and have 2200 points to play around with he said good luck trading that into Maui. I did not tell him I have already confirmed my trade and will be spending 1 week in a 2BR in August!!

In conclusion, the sales pitch was about a 4 out 10 in terms of sales pressure. If you can speak to them with the facts about the program and that you know how it works, they really have a tough product to sell. They rely on people that fall in love with the property and the island and who don't spend any time doing their homework.

 

[Tucsonadventurer]

I just got out of a sales presentation with Hyatt for the Maui resort at Kaanapali. This is our 2nd presentation with these guys and we are staying at the HR next door on the special "access pass" rate. The pitch this time was pretty much the same as 2.5 years ago.

Floating 2BR, every other year, mid-band floors. Roughly 39K and that includes 300K World of Hyatt points, 2K credit for our HR stay and some other nominal discounts. He started the presentation with a 2BR annual contract with 1M Hyatt points as an incentive.

The discussion was cordial but he quickly understood that I know the Hyatt program, both the Globalist hotel perks and the Hyatt Residence Club, pretty darn well. He made several pitches and brought in a closer but it was pretty easy to decline the offers.

For my 1 hour investment in time I received an additional 25K points and I also signed up for another access package to return in 2 years. I made it pretty clear I will probably never purchase at HKB from the developer. They said thats fine we'd love to have you come back.

When I told him I own a deeded week in Sedona and have 2200 points to play around with he said good luck trading that into Maui. I did not tell him I have already confirmed my trade and will be spending 1 week in a 2BR in August!!

In conclusion, the sales pitch was about a 4 out 10 in terms of sales pressure. If you can speak to them with the facts about the program and that you know how it works, they really have a tough product to sell. They rely on people that fall in love with the property and the island and who don't spend any time doing their homework.

They are more respectful than most and don't outright lie. I don't mind their presentations.

 

[ljlong15]

Don't worry I know not to buy from developer . All my weeks are resale. Thank you for the information.