Resale vs Retail?

[Greenotterpop]

Was recently at a "owner's update" and heard a lot of conflicting information. I asked about resale to the first sales guy and he said resale points can only be used at platinum and heritage properties only. Then the next sales guy said resale points can only be used at platinum properties only. Also, cannot convert points to World of Hyatt nor use their Beyond program. It's so hard to get concrete information.

Anyone have clarity and know the restrictions on resale vs retail points? Thanks.

 

[ScoopKona]

Hyatt has so many different products that it is impossible to answer this question without knowing what, where and when you are considering buying.

The 5 w's -- we're missing four of them. Most importantly -- why?

 

[Greenotterpop]

This is the Welk timeshare group so I assumed the Platinum Points program or Hyatt Vacation Club was implied. Are there other programs under this umbrella? Resale is all point based and usually in increments of 60,000 starting at 240,000 (used to be 120,000).

What do you mean why? You want to know why I am asking this question? I don't understand what you mean.

 

[ScoopKona]

What do you mean why? You want to know why I am asking this question? I don't understand what you mean.

Why = your expectations. In a perfect world, what would you do with this purchase?

1) World of Hyatt is a bad deal and always has been. You're trading your annual maintenance fee for one or two nights in a hotel. Maybe you can get four or five nights at some Hyatt backwater. Regardless of which hotel, it's better to have a Hyatt credit card and generate hotel points that way if that's what you want. Hyatt hotels is no longer the same company or owners as Hyatt timeshare.

2) Beyond is an even worse deal. You'll be trading your points for cruises and tours which are exchanged at MSRP -- not the deep discounts you can get shopping around. Interval has a similar program and it's universally dismissed as a lousy use of your maintenance fee.

So even if you have the ability, it's not something you'd likely want -- except as a last resort.

 

[Kal]

The bigger question is "why are you even considering what the hucksters are offering"? Just take their freebie gift and run...FAST.

 

[Ski-Dad]

No timeshare salesperson is ever going to tell you buying resale is a better option.

Highly improbable any members of this forum would ever recommend you buy retail.

Which opinion should you trust? You can figure out your own answer to this. What's in it for the person providing the advice?

 

[Bill8777]

Was recently at a "owner's update" and heard a lot of conflicting information. I asked about resale I to the first sales guy and he said resale points can only be used at platinum and heritage properties only. Then the next sales guy said resale points can only be used at platinum properties only. Also, cannot convert points to World of Hyatt nor use their Beyond program. It's so hard to get concrete information.

Anyone have clarity and know the restrictions on resale vs retail points? Thanks.

I haven't gotten much luck from this forum. I'm in the closing process for Hyatt Welk Propterty 240,000 points. I have no idea how many nights that will convert to and I don't really see answers here more than people posting more questions.

 

[Hindsite]

I haven't gotten much luck from this forum. I'm in the closing process for Hyatt Welk Propterty 240,000 points. I have no idea how many nights that will convert to and I don't really see answers here more than people posting more questions.

Was the first sticky in the forum that has the points chart no help?

 

[Bill8777]

Was the first sticky in the forum that has the points chart no help?

I don't know. The post is 4 years old.

 

[Hindsite]

I don't know. The post is 4 years old.

You posted today that you were had no idea how many nights you would get, do you have a points chart to check?

 

[Bill8777]

I looked at the one in the sticky but I'm assuming the points values have changed in 4 years. What's done is done. I've signed the papers. Once I close I'll be able to get up to date information which might be the same. I hate to shell out more money for points but it is what it is. They certainly done make it easy to figure out. So many systems and even different tiers in each system. I think in the end the timeshare developers want to keep the owners confused.

 

[jp10558]

I looked at the one in the sticky but I'm assuming the points values have changed in 4 years. What's done is done. I've signed the papers. Once I close I'll be able to get up to date information which might be the same. I hate to shell out more money for points but it is what it is. They certainly done make it easy to figure out. So many systems and even different tiers in each system. I think in the end the timeshare developers want to keep the owners confused.

It's pretty rare for points to change, and when they do - it's a big deal from what I can tell. I know HGVC recently adjusted their points, and it was all over the forums and many resale sales when it happened. Given there's no major communication about it, I think it'd be pretty reasonable to assume the points are the same as 4 years ago.

 

[Bill8777]

It's pretty rare for points to change, and when they do - it's a big deal from what I can tell. I know HGVC recently adjusted their points, and it was all over the forums and many resale sales when it happened. Given there's no major communication about it, I think it'd be pretty reasonable to assume the points are the same as 4 years ago.

Thank you. It looks like I'll need to buy more. 240,00 looks to buy a week at some places but I'll need to probably double that for prime weeks. The MF on the one I'm buying are 2300 even year. I think I'll try to find an odd year once this one passes ROFR. I'd like to keep MF down to about 2000 a year for a week

Thanks for your help

 

[allisonmupas]

Why = your expectations. In a perfect world, what would you do with this purchase?

1) World of Hyatt is a bad deal and always has been. You're trading your annual maintenance fee for one or two nights in a hotel. Maybe you can get four or five nights at some Hyatt backwater. Regardless of which hotel, it's better to have a Hyatt credit card and generate hotel points that way if that's what you want. Hyatt hotels is no longer the same company or owners as Hyatt timeshare.

2) Beyond is an even worse deal. You'll be trading your points for cruises and tours which are exchanged at MSRP -- not the deep discounts you can get shopping around. Interval has a similar program and it's universally dismissed as a lousy use of your maintenance fee.

So even if you have the ability, it's not something you'd likely want -- except as a last resort.

What about the Heritage Property benefit and the experiences benefit they sell as only available through retail purchase? Are those included in resale? Are they worth it?

 

[Guitarmom]

@Bill8777
Here's what 240,000 points will get you at The Welk in San Diego:
- 1 week in a two bedroom
- 2 weeks in a small one bedroom
- 1 week in a large one bedroom with 60,000 points leftover
Be aware that if you roll 60,000 points into the next year, you will have a 60-day booking window.
This means that your reservation has to be for some time in the next 60 days.
I think that translates into the LAST day of your reservation has to be within the next 60 days.

Here are some other examples:
Northstar Lodge Lake Tahoe
- Red Season: 2 weeks in a Studio
- Yellow Season: 2 weeks in a studio with 60,000 points left over.

One Village Place Lake Tahoe
- Red Season: nothing is available for 240,000 points
- Yellow Season: a two bedroom or a one bedroom with 60,000 points left over

Hopefully, this gives you a flavor of what is available. Palm Springs and Branson are more affordable (fewer points needed for a room). Breckenridge and Sirena Del Mar offer at least a small one bedroom even in the peak seasons. El Corazon de Santa Fe one offer two-bedroom units, which start at 420,000 for a week.

 

[ambere]

240K pts will also get you a week in a 1-bdrm villa at Sirena del Mar in Cabo, ocean view, if it's available.

 

[DN4]

Was recently at a "owner's update" and heard a lot of conflicting information. I asked about resale to the first sales guy and he said resale points can only be used at platinum and heritage properties only. Then the next sales guy said resale points can only be used at platinum properties only. Also, cannot convert points to World of Hyatt nor use their Beyond program. It's so hard to get concrete information.

Anyone have clarity and know the restrictions on resale vs retail points? Thanks.

We recently got a resale from someone in this group and booked our first to two trips. We knew going in that we would not have access to World of Hyatt. You will also but have access to Juants or Beyond. Based on all the information in here, that's not much of a loss value wise. You'll have access to II.

We booked one trip through Hyatt at the Northstar & one through II in Monterey (as a last resort with 360k points in our new contract that was expiring at the end of this month). It was a great deal for the Tahoe spot and definitely not in Monterey, but glad the points weren't wasted all together.