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Marriott-branded timeshares planned for World Gateway near Disney World

Eric B said:
I wonder which side of Hyatt it would be on. I don't own any on either, but seem to recall that there is still a difference between the original Hyatt side of things and the Welk Hyatt side. If they're looking to sell Welk inventory, it might make more sense on that side of things, but who knows. HGVC has taken on selling the old Diamond/HVC trust product at HGVC sites, so it could be either.
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Okay. I think a hint as to what they might be considering comes from an interview that John Geller did at the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum on March 14th. You can find this in the Events & Presentations section of the Marriott Vacations Worldwide website Investor Relations page. In speaking to a question about Hyatt he was talking about Hyatt Vacation Club properties not being in great sales markets. He specifically mentioned Orlando and that they "would probably not build a new Marriott resort but we would build a new Hyatt". He did mention they could possibly turn $40 or $50 million a year in sales, but they need to get inventory there first. With that, I fully expect this new resort to be a Hyatt Vacation Club property.
 
Is Orlando becoming over built with resorts, hotels and timeshare within a five (5) miles radius of WDW, Universal & Seaworld ?
 
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pedro47 said:
Is Orlando over built with hotels and timeshare within a five (5) miles radius of WDW, Universal & Seaworld ?
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They wouldn't keep building them if there wasn't demand for them. And Universal is about to open an entire new theme park which will certainly bring in even more visitors.
 
dioxide45 said:
Why not? This may not even be a Marriott Vacation Club. Perhaps they make it Westin Vacation Club or possibly even Hyatt Vacation Club.

I hope they come up with a different name than Gateway Vista.

I am surprised we haven't heard anything about this on any past VAC earnings calls.
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Westin would be awesome. I heard a bunch of rumors from the saleslady at the Marriott/Westin presentation but didn't know what to think of anything she had to say. She was bloviating to use a full hour of time after realizing we were Chairman's Club and didn't have any plans to use that status in Marriott. She did say that Westin would be building more resorts in several different locations, and I am sure Disney was mentioned. What I would love to see is a Westin or Marriott very close to Disneyland. I would dump my WorldMark in a heartbeat.
 
rickandcindy23 said:
Westin would be awesome. I heard a bunch of rumors from the saleslady at the Marriott/Westin presentation but didn't know what to think of anything she had to say. She was bloviating to use a full hour of time after realizing we were Chairman's Club and didn't have any plans to use that status in Marriott. She did say that Westin would be building more resorts in several different locations, and I am sure Disney was mentioned. What I would love to see is a Westin or Marriott very close to Disneyland. I would dump my WorldMark in a heartbeat.
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We know Westin Vacation Club will be coming to Savannah and Charleston. It looks like Hyatt Vacation Club might be the one they are considering for this new Orlando property. Just a guess based on certain information gleaned from different sources.
 
It certainly makes the most sense for this to be a Hyatt location. I mean Hyatt has to be the only major timeshare system without an Orlando location! Orlando is the timeshare capital of the world for a reasonā€¦

And it seems like Marriott is never going to be able to fold the Hyatt system into the larger Marriott/Vistana network they need to make it more appealing as a stand-alone system.
 
I would love to see Hyatt in Orlando, but no internal preference for me, if Hyatt even has internal preference.
 
rickandcindy23 said:
I would love to see Hyatt in Orlando, but no internal preference for me, if Hyatt even has internal preference.
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Hyatt owners aren't able to exchange into other Hyatt resorts through II. At least with the legacy Hyatt Residence Club resorts (non Welk)
 
jwalk03 said:
They wouldn't keep building them if there wasn't demand for them. And Universal is about to open an entire new theme park which will certainly bring in even more visitors.
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I guess, but anyone even a little in timesharing knows you can pretty much always get availability in Orlando. That's not to say they can't *sell* in Orlando, just that there's not much all full up happening there. Here's where opportunity to sell might be very high in Orlando, but actual need for use isn't necessarily there.
 
dioxide45 said:
Okay. I think a hint as to what they might be considering comes from an interview that John Geller did at the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum on March 14th. You can find this in the Events & Presentations section of the Marriott Vacations Worldwide website Investor Relations page. In speaking to a question about Hyatt he was talking about Hyatt Vacation Club properties not being in great sales markets. He specifically mentioned Orlando and that they "would probably not build a new Marriott resort but we would build a new Hyatt". He did mention they could possibly turn $40 or $50 million a year in sales, but they need to get inventory there first. With that, I fully expect this new resort to be a Hyatt Vacation Club property.
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I just listened to this webinar finally. Definitely sounds like its going to be a Hyatt and not Marriott.
 
Orlando is definitely not short on timeshares (Marriott brands included), but WW demand for the location is still high. We still get plenty of use and value out of my Grande Vista weeks, and they trade well in II also given the constant demand for the location.

Will be interesting to learn more, as this matures.
 
hangloose said:
Orlando is definitely not short on timeshares (Marriott brands included), but WW demand for the location is still high. We still get plenty of use and value out of my Grande Vista weeks, and they trade well in II also given the constant demand for the location.

Will be interesting to learn more, as this matures.
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Listening to John Geller it is also apparently a very profitable timeshare SALES location, and Hyatt needs more resorts in good sales locations to improve their performance as they have too many resorts in places that do not have robust sales prospects.

I agree that my Orlando Marriott weeks trade quite well. Both GV and Harbor Lake!
 
šŸ˜“ šŸ„± great, another timeshare in orlando
 
jwalk03 said:
Listening to John Geller it is also apparently a very profitable timeshare SALES location, and Hyatt needs more resorts in good sales locations to improve their performance as they have too many resorts in places that do not have robust sales prospects.

I agree that my Orlando Marriott weeks trade quite well. Both GV and Harbor Lake!
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Yeah, he mentioned $40-$50 million a year. I suspect that would double their Hyatt sales volume.
 
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