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Interval Leisure Group to buy SVO

As a market matures the total number of companies consolidating into usually (+-)3. Those big three (+ -) will control 80% of all transactions. All others the rest.

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Interval did sell off one Hyatt vacation club (I think to Welk). .....

I would expect the two umbrellas of Hyatt and SVN to stay separate with perhaps some reciprocity (a la Wyndham/Worldmark) at maybe the 6 month mark or priority within II.

Welk did buy part of the Hyatt Residence Club in Northstar. And they are building out the rest of the property they acquired in the deal.

I would love to see some reciprocity between SVN and Hyatt. Neither has enough locations, but the quality is strong. It would be a nice combination.

It will be interesting to follow and see how things develop.

Mike
 
As a market matures the total number of companies consolidating into usually (+-)3. Those big three (+ -) will control 80% of all transactions. All others the rest.

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I completely understand what you are saying. The Pareto Principle holds that 80% of something is controlled by 20% of the population. Literally in Pareto's case, it was that 80% of land in Italy was owned by 20% of the population.

So what you are trying to say is that 20% of timeshare corporations control 80% of the inventory. Assuming you are referring to II, Wyndham, and DRI, there would be 12 other major systems that control the remainder of the industry. If you wrapped up all independent resorts into a single entity, you might be pretty close. DVC and Marriott are well regarded systems but small in comparison to those three.
 
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Welk did buy part of the Hyatt Residence Club in Northstar. And they are building out the rest of the property they acquired in the deal.

I would love to see some reciprocity between SVN and Hyatt. Neither has enough locations, but the quality is strong. It would be a nice combination.

It will be interesting to follow and see how things develop.

Mike

If you use Wyndham's acquisitions of Worldmark and Shell as a benchmark, there is some reciprocity where Wyndham retail owners can book Worldmark (but I don't think it works the other direction), and very little interaction between Wyndham and Shell--It seems that Club Wyndham owns a few intervals in Shell resorts and makes that available to CWP members.

Seeing as II is an Exchange company first, and their Exchange arm makes a profit every time you deposit your Hyatt and trade it for an SVN or vice versa, I don't know what the value would be to the company of introducing reciprocity.
 
Yes. Hilton has it's toe in SFX, that's from memory from another post, you may see one or two high end "boutique" as SFX puts it, build a relationship. Money is cheep, those public companies got to grow. Other western based resorts.

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If Starwood and II are in advanced talks, do you think they can get the deal closed in 2 months ( year's end )?

Hope they maintain the internal trading with star options , by any other name, for all locations , not just the mandatories. At least for year or more. Integrating disparate systems or converting two to a 3rd, if they attempt it, willl take quite awhile....
 
I would virtually guarantee that you won't see any substantive changes before 2016.
 
I will be interested in knowing what this means for Harborside. Harborside is really a joint venture of Starwood and Kerzner, so I wonder if we'll be treated differently than the Westin, Sheraton, and/or Vistana owners.
Jv upfront but now it is run bases on the deeded docs.
 
Interval did sell off one Hyatt vacation club (I think to Welk). The two in SVN I would be the most concerned about would be Harborside and SDO.



I would expect the two umbrellas of Hyatt and SVN to stay separate with perhaps some reciprocity (a la Wyndham/Worldmark) at maybe the 6 month mark or priority within II.



Personally I would like to see Harborside go to Marriott with ability to enroll in the DC and perhaps better points values especially for summer months.



This also means II will be competing with itself selling retail weeks/points in Maui.


Why do you call out SDO specifically as a concern? Just curious... I get the Harborside concern.


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Why do you call out SDO specifically as a concern? Just curious... I get the Harborside concern.


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I wondered about that too. But I don't own there so I did not mention it.
 
I called out SDO only because it is in scotsdale along with WKV and may be redundant. On the other hand Orlando is full of SVO and Key West has multiple Hyatts.
 
I really don't think this would have any impact on the internal StarOptions trading program. I don't recall precedent where timeshare companies took away something that was structural, but would welcome any clarification.

If anything, there might be a date where existing owners are grandfathered in, and any future owners are subject to different rules (this is similar to what Marriott did in June 2010 and Worldmark did in November 2006).

Additionally, we might see a cross-pollination between the different systems, where StarOptions can be used to book Hyatt properties (the leftovers), similar to what Worldmark and Wyndham have done.

I think all of these would be interesting, but the most interesting would be if Starwood deposits to II were returned because it is more lucrative for II to exchanges made via II versus via StarOptions.

We will see -- I'm sure someone is really really mad that confidential merger discussions were leaked that broadly. This is the kind of leak that can cool a deal for a few months. We will see.

Best,

Greg
 
I highly doubt this would happen but it would be nice as Starwood owner to be able to have access to some of the Hyatt properties but at this point everything is just a best guess.
 
Yeah, highly doubt this will happen. On the other hand, wouldn't mind using my Hyatt points to access WKORV, WPORV, and WSJ. Doubt this will happen as well...

I highly doubt this would happen but it would be nice as Starwood owner to be able to have access to some of the Hyatt properties but at this point everything is just a best guess.
 
I called out SDO only because it is in scotsdale along with WKV and may be redundant. On the other hand Orlando is full of SVO and Key West has multiple Hyatts.


Thanks for the response


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I highly doubt this would happen but it would be nice as Starwood owner to be able to have access to some of the Hyatt properties but at this point everything is just a best guess.

I understand the skepticism, but Wyndham and Worldmark finally developed an exchange between the two systems, and charge a $99 exchange fee. Worldmark owners only get access one month after Wyndham owners, so it would be the same as a Hyatt owner being able to use Hyatt points 7 months from check-in to book Starwood properties.

We all know there's little of value available 7 months out in SVO -- but the capability exists and is a great marketing tool. I would not be surprised to see a similar type of pollination occur.

Of course, they need to do the deal first!!

Best,

Greg
 
I agree. Something like this might work.



I understand the skepticism, but Wyndham and Worldmark finally developed an exchange between the two systems, and charge a $99 exchange fee. Worldmark owners only get access one month after Wyndham owners, so it would be the same as a Hyatt owner being able to use Hyatt points 7 months from check-in to book Starwood properties.

We all know there's little of value available 7 months out in SVO -- but the capability exists and is a great marketing tool. I would not be surprised to see a similar type of pollination occur.

Of course, they need to do the deal first!!

Best,

Greg
 
At a 30,000 ft level, the Interval group owning Starwood timeshare business is a little disquieting. So if sale went thru, Interval (ILG) would have control on the "Starwood" timeshare reservation systems, rules & policies AND the external exchange company with their rules and exchange logic. If you didn't want to use your home resort every year, e,g. primarily use as trader, you still have option to deposit into II. But potentially rules could become much more cohesive towards Interval's benefit & profit. There's less 'competition' per se to keep 'em honest, when it's all under one corporate umbrella.

this is what DavidnRobin and others alluded to in their 'buy where you want to go' posts. Personally I'm good with using my home resort or trading externally to go in shoulder season etc. Hope for the best and plan for the worst ;)
 
If this works out, I'd like to see a points system in interval. What's stopping me from using Interval is that I have 2 bedroom that I want to split into 1 bedrooms in different locations. I'd have to trade into a 2 bedroom or trade down to a 1 bedroom, without any change.
 
At a 30,000 ft level, the Interval group owning Starwood timeshare business is a little disquieting. So if sale went thru, Interval (ILG) would have control on the "Starwood" timeshare reservation systems, rules & policies AND the external exchange company with their rules and exchange logic. If you didn't want to use your home resort every year, e,g. primarily use as trader, you still have option to deposit into II. But potentially rules could become much more cohesive towards Interval's benefit & profit. There's less 'competition' per se to keep 'em honest, when it's all under one corporate umbrella.

this is what DavidnRobin and others alluded to in their 'buy where you want to go' posts. Personally I'm good with using my home resort or trading externally to go in shoulder season etc. Hope for the best and plan for the worst ;)

Wyndham, a bigger timeshare system, owns RCI, a bigger exchange system.
 
Wyndham, a bigger timeshare system, owns RCI, a bigger exchange system.

Yup they're related. they also have higher fees. If this sale goes thru, SVO to ILG, I think II fees will go up eventually.
 
I understand the skepticism, but Wyndham and Worldmark finally developed an exchange between the two systems, and charge a $99 exchange fee. Worldmark owners only get access one month after Wyndham owners, so it would be the same as a Hyatt owner being able to use Hyatt points 7 months from check-in to book Starwood properties.

We all know there's little of value available 7 months out in SVO -- but the capability exists and is a great marketing tool. I would not be surprised to see a similar type of pollination occur.

Of course, they need to do the deal first!!

Best,

Greg


See, I think that would be cool, if we could get a break like the $99 fee…that tome would be a good selling point to the timeshare folks...
 
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