- I think annual maintenance fees were $1480 (same price regardless of Silver/Gold/Plat etc) when we purchased in 2020.
- Fee for 2025 is $1981 which includes new $34 garbage fee for credit card payments (I consider this mandatory as I'm not giving 3rd party my ACH account info or risk check washing)
- Inflation calculator suggests inflation over past 5 years was approx. 25% - so if fees matched inflation rate the current fees would be $1850
So yes, the fees have risen faster than the rate of inflation. However I expect that insurance premiums have skyrocketed for some properties (including mine at HHS) due to high risk of natural disasters. So IMO the maintenance fee increases are reasonable under the circumstances.
As for whether it makes sense to buy, only you can determine that. There are two components:
- Amortized cost of purchase. For example, if you pay $5000 for your week, you annual cost (money you could be earning by investing $5k) is $300-400 depending on your ROI.
- Annual maintenance fee - varies by property but let's ballpark at $2k per year.
- Total annual cost of ownership is $2300-2400 (obviously higher if your purchase cost is higher)
- This assumes you could resell your unit when you are done with no loss (which may or may not be true).
If you assume one week of usage then your per night cost is approx. $300 for a 2BR unit. I typically get 9 nights so my cost is a bit lower.
Do you want to lock yourself into paying $300/nt for a vacation rental? Would you typically pay this amount for the equivalent hotel rooms or airbnb/vrbo?
For us this was a no brainer as we were often paying $250/nt x 2 rooms at the adjacent Hyatt hotel property. But the internal booking engine is much worse than I expected. I value II at zero as I have never been able to use points there but obviously II is a key component for other folks.