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ROFR Exercised/Passed

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.
 
Sandy VDH said:
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.
Click to expand...

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.
 
thegortons said:
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!
Click to expand...

Thanks for the note! If I find an edit button I will self correct my post
 
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.
 
jeepinjoel said:
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.
Click to expand...

What point size, season, bedroom size, and price did they exercise ROFR?
 
jeepinjoel said:
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.
Click to expand...

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

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.
 
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.....
 
jeepinjoel said:
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
Click to expand...

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

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


Sent from my iPad using Tapatalk
 
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
 
Bay club will pass as rofr is just a formality.

Sent from my SM-T217S using Tapatalk
 
brp said:
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.
Click to expand...
Pardon my ignorance, but what spinoff?
 
SkyBlueWaters said:
How do you know this?
Click to expand...
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.
 
SkyBlueWaters said:
How do you know this?
Click to expand...
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.

Sent from my SM-N910P using Tapatalk
 
SkyBlueWaters said:
Pardon my ignorance, but what spinoff?
Click to expand...

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.
 
frank808 said:
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.
Click to expand...

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.
 
Sandy VDH said:
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.
Click to expand...
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.

Sent from my SM-T217S using Tapatalk
 
OMC said:
Just informed that we have passed ROFR for the following.

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

That's awesome. What are the MFs on that 10500 points?
 
jeepinjoel said:
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.
Click to expand...

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