Reserving "Portfolio Program" vs. "Residence Club" units

[stover33]

Question which I think has likely been asked before (if so apologies, I did try searching but had no luck)... as an HVC member who owns a deeded week and does not participate in the portfolio program - what is the difference between "Portfolio" and "Residence Club" units if I am making a CUP reservation?
For example I did a search for availability at a specific resort on the Hyatt site, and saw several of the same dates and size units listed twice, once as "Residence Club" and once as "Portfolio". From my perspective, is there any difference in choosing one or the other? Likewise on other searches I've only seen "Portfolio" as an option - are these still available to me as a deeded week owner, and if so would the reservation fees be higher than a standard HVC unit? Many thanks!

 

[PerryKing]

Deeded points or Portfolio points: Same thing and same value each, except for a cleaning fee required with Portfolio reservations (made by Deeded Week only owners) . Around $60 , rather for one night or 1 week. Paid directly to the resort at checkout. That sort of makes a one night stay much more expensive.

 

[stover33]

Same thing except for cleaning fee required with Portfolio reservations. Around $60 rather for one night or 1 week.

Ah OK many thanks!

 

[AJCts411]

Expanding on what's the difference, would anyone know this. If a HRC owner uses their points and reserves a portfolio week, (or visa versa) how do the points reconcile between the two systems? Are there any financial implications related to (unbalanced) points to an individual HRC resort?

 

[PerryKing]

Points are points. Reservations cost in points are whatever the avilability (system) is asking for, i.e. both deeded week and portfoilo points have the same value for making reservations.

The Portfolio "advantage" is the Portforlio point holders see the availability from the portfolio owned inventory up to 6 Months (I believe) before the remaining protfolio availability shows up in the Hyatt booking system for deeded week members to see and book. What deeded week (only) members see in the Hyatt on-line member booking system is what is left over from the Portfolio Inventory that was not reserved in the prior 6 months by Prortfolio Members.

The points required to book either as a Portfolio memeber or a deeded member are the same, and set per the Hyatt points chart for each resort.

i.e. Porfolio Point members get first choice to book the units that are held in the " Portfolio Trust ", What's left over, 6 months later, is then being offerd to all HRC memebers to book.

All my comments are based on my experience only. I have not bothered to read the Rules regarding the Portfolio system, mainly because when I first saw and studied the schedual of Prorfolio Point system $$$ fees involved in owning and using the Portfolio Points system, that was enough for me to know that I had NO Interest in buying into the PPS. Even after Hyatt recently eliminated the most costly fee, that being the fee charged for moving your Fixed Week points (if you have any) into the portfolio points system each year.

 

[ScoopKona]

Adding to all this accurate information:

The fact that the reservation window is the same 6 months as HRC (unless someone cashes in their week as soon as their yearly reservation window opens), makes HPP a ridiculous waste of money.

The only reason this is happening is that it allows Marriott to sell the same properties over and over.