ROFR Exercised/Passed

[Sandy VDH]

Perhaps they have a budget for the year for certain high demand units and by end of year the budget is exhausted. Not sure if that is the timing or not.

 

[brp]

Perhaps they have a budget for the year for certain high demand units and by end of year the budget is exhausted. Not sure if that is the timing or not.

I had Judi Kozlowski tell me this a few years back when we were buying through her. When the pot is gone, they buy back less. As mentioned above, the dynamic could change with the spinoff, but my understanding is that this is how it has generally worked in the past.

Cheers.

 

[Elle]

FYI - There is a no advertising rule on the forums, so don't be surprised if your posting gets edited to remove the above information which makes your posting look like an ad.

Also, while I would consider $7000 a reasonable listing price for that ownership, just know that the TUG Marketplace already has one listed cheaper than that, so you may need to be willing to negotiate on price. Good luck!

Thanks for the note! If I find an edit button I will self correct my post

 

[jeepinjoel]

I am 0 for 3 trying to buy re-sale in the last 5 weeks. All three were on the Big Island, and all 3 were steals for sure. So in a way... I am glad Hilton is keeping the value of their timeshares high. But couldn't they have given me one little bone? lol
No worries, still trying.

 

[DazedandConfused]

I am 0 for 3 trying to buy re-sale in the last 5 weeks. All three were on the Big Island, and all 3 were steals for sure. So in a way... I am glad Hilton is keeping the value of their timeshares high. But couldn't they have given me one little bone? lol
No worries, still trying.

What point size, season, bedroom size, and price did they exercise ROFR?

 

[Cyberc]

I am 0 for 3 trying to buy re-sale in the last 5 weeks. All three were on the Big Island, and all 3 were steals for sure. So in a way... I am glad Hilton is keeping the value of their timeshares high. But couldn't they have given me one little bone? lol
No worries, still trying.

I'm sure if you buy a silver season, hgvc will let it pass rofr

In the past prior to hgvc going independent you had the most luck late in the year as their rofr budget was used up. If that's still the case only time will tell.

 

[jeepinjoel]

The three I lost out on, all on the Big Island, platinum season... but I was only paying attention to points, not bedroom size. I'll look that up later.
Kings' Land, every even year, 8,400 points
Kohala, EEY, 7000
King's Land, annual, 7,200

I have two new contacts written for:
Florida, Marco Island, annual, 5000 points
Bay Club Waikoloa, annual, 7000 points.
... fingers crossed.....

 

[GregT]

The three I lost out on, all on the Big Island, platinum season... but I was only paying attention to points, not bedroom size. I'll look that up later.
Kings' Land, every even year, 8,400 points
Kohala, EEY, 7000
King's Land, annual, 7,200

What was the prices that they exercised? Those are good weeks....thanks!

Greg

 

[jeepinjoel]

I'm embarrassed to say. Lol yes, they were dirt cheap, and I'm sort of glad HGVC is keeping their value high.
$2,590
$2,200
$5,995

 

[SmithOp]

No rofr on Bay Club so you should get that one.


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[jeepinjoel]

Thanks SmithOp... I'm new to TUG and to trying to buy re-sale. I didn't understand the difference between an actual HGVC and an affiliate until you mentioned that about the Bay Club... I went searching and stumbled on good info. Hopefully I WILL get this one. Trying to get positioned for post-retirement vacations, and who could resist having enough points for nearly 3 weeks EOY in Hawaii? (that would be with points we already own).
Thanks again.
Joel

 

[frank808]

Bay club will pass as rofr is just a formality.

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[SkyBlueWaters]

I had Judi Kozlowski tell me this a few years back when we were buying through her. When the pot is gone, they buy back less. As mentioned above, the dynamic could change with the spinoff, but my understanding is that this is how it has generally worked in the past.

Cheers.

Pardon my ignorance, but what spinoff?

 

[SkyBlueWaters]

Bay club will pass as rofr is just a formality.

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How do you know this?

 

[Sandy VDH]

How do you know this?

Because Bay Club as an affiliate does not have a ROFR in the contract. This resort predates HGVC participation and contracts were not written as such, AFAIK.

 

[frank808]

How do you know this?

There is nothing in the deed that gives hgvc rofr at Bay Club. This complex was originally built as a regular condo hence the very large 1br, 2br and duplex units.

As of a few years ago there were some units that were still owned by individuals. Not all the units were converted to timeshares. I donot know if hgvc is still trying to buy those units from the owners. They were buying them as they came on the market a few years ago.

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[JIMinNC]

Pardon my ignorance, but what spinoff?

Hilton Grand Vacations is no longer a part of Hilton Hotels. During the first quarter of this year it was spun off as a separate company now traded on the New York Stock Exchange under the ticker HGV. They license their trademarks and brands from Hilton, as well as participation agreements in Hilton Honors, but in all other ways, HGV is now an independent company, with independent management, its own board, and its own shareholders. Same thing that Marriott International did several years ago with Marriott Vacations Worldwide.

 

[Sandy VDH]

There is nothing in the deed that gives hgvc rofr at Bay Club. This complex was originally built as a regular condo hence the very large 1br, 2br and duplex units.

This is one resort that although Bay Club is an affiliate I strongly doubt that it would ever leave HGVC. So although it is an affiliate it is in a different class, by itself. Why? Well the land that Kohola is on is/was owned by Bay Club. I do not know if they still own it or if it was sold off. But it was part of the deal that brought Bay Club into HGVC.

 

[frank808]

This is one resort that although Bay Club is an affiliate I strongly doubt that it would ever leave HGVC. So although it is an affiliate it is in a different class, by itself. Why? Well the land that Kohola is on is/was owned by Bay Club. I do not know if they still own it or if it was sold off. But it was part of the deal that brought Bay Club into HGVC.

Yes i really dont think it will ever leave hgvc either, could it, sure, but not likely. President of HGVC Mark Wang was gm at bay club many years ago and now runs the company.
Also i think the land under kohala suites is still owned by the same entity of bay club.

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[OMC]

Just informed that we have passed ROFR for the following.

Kings Land 2BR Platinum 10,500 points for $7,000.

 

[Sandy VDH]

Just informed that we have passed ROFR for the following.

Kings Land 2BR Platinum 10,500 points for $7,000.

That's awesome. What are the MFs on that 10500 points?

 

[jeepinjoel]

I am 0 for 3 trying to buy re-sale in the last 5 weeks. All three were on the Big Island, and all 3 were steals for sure. So in a way... I am glad Hilton is keeping the value of their timeshares high. But couldn't they have given me one little bone? lol
No worries, still trying.

update! I am no longer 0 for 3!! My realtor was trying to push HGVC to respond with the written ROFR notice for one of the deals.... so I could get my escrow refunded... they decided to accept one of the 3!
Super excited!
Getting King's Land, 7,200 Annual Points, paying $6k, MF of $1,492. And... it happens to be my wife's birthday week in May. So once our kids are out of the house... what a great place to spend her birthday!

 

[GT75]

they decided to accept one of the 3!

Congratulations!!!!

 

[Panina]

It's great to get the place you wanted and can enjoy, congrats!

 

[DazedandConfused]

Just informed that we have passed ROFR for the following.

Kings Land 2BR Platinum 10,500 points for $7,000.

wow...that is a great price