Portfolio Program

[hcarman]

The more I learn about the portfolio program the more problems I see with it. Will MVCI fix it one of these days - now that they own Hyatt?
1) If you want to borrow portfolio points from the following year you have to pay the maintenance fees upfront resulting in double fees for the year. With any of the other programs we own, you can borrow without paying next year’s fees. MVCI is one example.
2) If you want to convert your owner’s week into portfolio points you have to decide almost two years out if your owned week is toward the end of the year. Ours is week 52. So - in January of 2020 would need to decide on week 52 of 2021 - so just under two years out. And pay the maintenance fees of course.
3). Portfolio points have to be banked by mid summer.
4). Seems like status in portfolio isn’t based on total of what you own but rather how many points you have in the program each year. At least that is what it seems. So constantly changing. With MVCI it is the same status whether you opt to convert your week or not.
5). And still fees - for guest certificates, housekeeping, etc. Looks like you only get one free housekeeping? Then it is $60?

Maybe I am misunderstanding but the program seems to have a lot of flaws.

 

[Sapper]

The more I learn about the portfolio program the more problems I see with it. Will MVCI fix it one of these days - now that they own Hyatt?
1) If you want to borrow portfolio points from the following year you have to pay the maintenance fees upfront resulting in double fees for the year. With any of the other programs we own, you can borrow without paying next year’s fees. MVCI is one example.
2) If you want to convert your owner’s week into portfolio points you have to decide almost two years out if your owned week is toward the end of the year. Ours is week 52. So - in January of 2020 would need to decide on week 52 of 2021 - so just under two years out. And pay the maintenance fees of course.
3). Portfolio points have to be banked by mid summer.
4). Seems like status in portfolio isn’t based on total of what you own but rather how many points you have in the program each year. At least that is what it seems. So constantly changing. With MVCI it is the same status whether you opt to convert your week or not.
5). And still fees - for guest certificates, housekeeping, etc. Looks like you only get one free housekeeping? Then it is $60?

Maybe I am misunderstanding but the program seems to have a lot of flaws.

You seem to have a good grasp of the program. In short, it’s a disaster.

@alameda94501 made a number of outstanding threads which take a detailed look at HPP:

Click here for the HRC and HPC Inventory Post
Click here for the Introduction Post
Click here for the Request List, Wait List, and Reservations Post
Click here for the Annual Conversion Option Post
Click here for the Hyattizing and Developer Benefits Post
Click here for the Sales Tactics using the Reservation Site
Click here for the Maintenance Fee

 

[WalnutBaron]

@Sapper summarized things well, thanks to @alameda94501. I'll just add one additional comment: don't expect Marriott to clean up the mess or somehow sweeten the pot for HPP owners or even prospective owners. Marriott is focused on shareholder value, which means higher maintenance fees for Hyatt owners and a continued effort to find unknowing or naive HPP prospects to prey upon.

The ONLY value in the Hyatt portfolio is to buy fixed weeks resale in the legacy program. And there will be some deals available beginning in October when owners on shaky economic ground start to try to unload their ownership.