Question about Hyatt Resales

[Rtravels65]

Why would you say HPP is not a good thing? It has its plusses and minus's like all programs, but curious why you think its not good?

What are these "plusses" you speak of?

I see the entire program as a cynical cash-grab. The legacy owner can do just as much for far less initial outlay.

First, I am speaking of strictly resale as anyone who would buy into a timeshare at developers cost is making a poor financial decision. So your "cash grab" comment doesn't apply here.

Second, there are a lot of plusses in owning your program as I am sure someone with 6k plus comments on a timeshare bulletin board already understands and must be a rhetorical question.

Assuming a zero cash outlay to get into a points program that can do the same thing as a legacy deeded week, my original question remains; what makes HPP not a good thing?

 

[dioxide45]

First, I am speaking of strictly resale as anyone who would buy into a timeshare at developers cost is making a poor financial decision. So your "cash grab" comment doesn't apply here.

Second, there are a lot of plusses in owning your program as I am sure someone with 6k plus comments on a timeshare bulletin board already understands and must be a rhetorical question.

Assuming a zero cash outlay to get into a points program that can do the same thing as a legacy deeded week, my original question remains; what makes HPP not a good thing?

Generally, these types of trusts have a higher maintenance fee per point ratio than the better deeded weeks. This is because of two things. First, the trust is made up of a mix of different weeks. Some good but tend to be more bad. This pushes the average MF per point fairly hight. Second, there are also additional administrative costs associated with the trust which increases the maintenance fee on trust points

 

[GTLINZ]

Why would you say HPP is not a good thing? It has its plusses and minus's like all programs, but curious why you think its not good?

To each his own, i guess, but here goes. It sounds like you may be asking about picking an HPP resale cheap, which would be far better than from the developer.

- HPP has basically no resale value because they have purposely put restrictions on resale. A huge financial mistake if you buy from the developer, and if you buy resale you will get in cheap but have restrictions that a resale deeded unit does not.
- The MFs average higher than most deeded higher season units ( very well explained by @dioxide45 )
- Inventory is very low at many/most desireable locations - and i have heard that frustration from multiple HPP owners while at resorts. So they end up waiting for HRC inventory six months out (if they even realize they can after trying to book HPP inventory further out).
- Hard to get rid of (as would be a low season deeded unit).

It sure sounds bad to me. If you are in it for the long run, a bit more investment up front in a higher season deeded unit will keep your costs lower. The season matters as a 1300 bronze unit at a resort has the same MF as a 2200 point diamond unit.

 

[ScoopKona]

Second, there are a lot of plusses in owning your program as I am sure someone with 6k plus comments on a timeshare bulletin board already understands and must be a rhetorical question.

And if you go through all 6,000 of my posts, you won't find a single one suggesting the portfolio "program" is a good deal. Not one.

Pay more, get less, more inconvenient.

Where is the up side?

 

[tugsnowbird]

Sent you a DM.

I am also interested to know. Can you send me a DM as well? Thanks!

 

[Sapper]

No. And the longer Marriott plays their games with Hyatt, the more I'm convinced Marriott is deliberately devaluing the program to make their "flagship" timeshares look better by comparison. Interval bought Hyatt. Marriott bought Interval. Not one positive thing has happened since. My guess is that Marriott C-suite suits said, "Hey, we get Hyatt along with Interval, and we can kneecap that system and sell more Abound!"

100% this.

 

[SteveinHNL]

I am also interested to know. Can you send me a DM as well? Thanks!

Sent!

 

[SteveinHNL]

And if you go through all 6,000 of my posts, you won't find a single one suggesting the portfolio "program" is a good deal. Not one.

Pay more, get less, more inconvenient.

Where is the up side?

I believe he is primarily interested in Northstar ski weeks, so the Welk TS he is looking at may suit his particular needs.

 

[Kal]

Why would you say HPP is not a good thing? It has its plusses and minus's like all programs, but curious why you think its not good?

For starters, the cost would be EXTREME, the maintenence fees would be very high and you can't sell it.

 

[Tucsonadventurer]

For starters, the cost would be EXTREME, the maintenence fees would be very high and you can't sell it.

Great concise summary!

 

[flowerpower86]

The two Florida Hyatts that had already billed for 2021, are due January 5, 2021.

In my experience can pay as early as November but rhwy are due January.

 

[flowerpower86]

HVC does not have access to HRC resorts except thru Interval like everyone else. HVC and HRC are 2 separate things, although HPP is trying to bridge that but HPP is not a good thing if you do your research.

You need to look for an HRC deeded week if you want access to HRC inventory.

Eek lots of acronyms. What is HPP and HRC? I know HVC is hyatt vacation club bc that's what I own.