ROFR Exercised/Passed

[dayooper]

So a total of two Elara weeks per year, one HGVC and the other Westgate?

ETA: What season is the HGVC deed?

If it’s an annual with 3500 points and around $650 MF’s, it’s a platinum studio plus.

 

[GT75]

The South Carolina resorts were financed by Strand Capitol and they have been very aggressive with their ROFR. Some have reported that they have even taken back EOY gold deeds. When I was looking to purchase back in the spring, a couple of the well know brokers told me very little was passing ROFR in South Carolina.

I am hearing the same thing.

 

[mrharris03]

We just received word that Hilton waived ROFR on our purchase of an annual 2BR (7000 point) Fixed Weed 52 unit at Kings' Land, first use 2021. Purchase price was $9000. This unit complements our week 51 unit in the same unit type, allowing a continuous stay at Kings' Land through the holidays! I've added the data point to rofr.net.

 

[Gunfighter]

Passed ROFR - Kings Land 2BR Premium, 14,400 annual points, $14,000. We've stayed at several HGVC, but this will be the first one we own. Ironically we're heading to the Bay Club later this month on an RCI exchange.

 

[GT75]

Kings Land 2BR Premium, 14,400 annual points, $14,000.

Very nice purchase with nice number of points and low MFs.

 

[Gunfighter]

Very nice purchase with nice number of points and low MFs.

We were searching for the best MF value we could find. The big island has long been a family favorite destination, so finding a good value at Kings' Land is a bonus.

 

[BingoBangoBongo]

We were searching for the best MF value we could find. The big island has long been a family favorite destination, so finding a good value at Kings' Land is a bonus.

I own an EOY 12,600 point 1BR Premier @ KL and it’s a great MF ratio. Hopefully headed there in early October.

 

[Willywilkes]

HGVC on the Boulevard - 2x 2 Bedroom Platinum Annual (7K points each, total 14K points). Purchase price $14975 which was a bit higher than desired but it has full 2020 pts saved (unknown how many we will have time to use once xfer completes) and full 2021 points so that helped justify - and pretty happy with MFs of $0.1288/pt. ROFR submitted on 9/30, waived on 10/4. Looks like original mortgage was $57980.

 

[dayooper]

HGVC on the Boulevard - 2x 2 Bedroom Platinum Annual (7K points each, total 14K points). Purchase price $14975 which was a bit higher than desired but it has full 2020 pts saved (unknown how many we will have time to use once xfer completes) and full 2021 points so that helped justify - and pretty happy with MFs of $0.1288/pt. ROFR submitted on 9/30, waived on 10/4. Looks like original mortgage was $57980.

Hmmmm . . . I wonder if The Boulevard deeds have reverted back to pre-pandemic resale pricing. It was a little under $1 a point. I don't see as many of these out there on the market as I did earlier in the year.

 

[SFTechGeek]

Got word that HGVC did not exercise ROFR on The Bay Club, Waikoloa, Hawaii. Purchase price, $3,800, 7000 Points Annual. Hilton waived, 9/7 and I believe it was submitted 9/4. Hope to close by the end of this month. So I'm guessing that 2 months is a reasonable time to close the deal.

I hope this is the correct place to post ROFR, I was trying to search for the original post.

 

[brp]

I hope this is the correct place to post ROFR, I was trying to search for the original post.

It is. But also go toe original post and, in post #2, you will find a link to the ROFR database where you can formally enter this.

Congrats on the waiver. And time to join Tug

Cheers.

 

[SFTechGeek]

Thanks, took the survey. What does that mean in the survey when the results are N/A? Isn't it either it passed or failed? For 2021, those who took the survey with HGVC, 49 Passed, 5 Failed, 1 N/A. Appears that Hilton is not exercising many ROFR. Any other patterns one can discern? I'm anxiously awaiting points to arrive in my account.

 

[dayooper]

Thanks, took the survey. What does that mean in the survey when the results are N/A? Isn't it either it passed or failed? For 2021, those who took the survey with HGVC, 49 Passed, 5 Failed, 1 N/A. Appears that Hilton is not exercising many ROFR. Any other patterns one can discern? I'm anxiously awaiting points to arrive in my account.

It means the person who made the entry didn't answer that question. They clicked enter before they filled that box. We don't know if it passed or not.

HGVC hasn't been exercising ROFR all year (even back into 2020). The only resorts that have had ROFR exercised are the South Carolina resorts and they are owned by a third party (Strand Capitol). They were taking everything back, even the low season EOY deeds. One has snuck through recently and it was a Ocean 22 platinum EOY one bedroom plus at a pretty decent price. Maybe they are scaling back their buy backs.

I think that HGVC won't start exercising ROFR much until next year, and it very well could be further down the line. Once they start to get the ball rolling with the DRI purchase, they will need to be able to sell to members looking to buy up. With the incertainty of what will happen with the merger, my guess is sales are a little low right now. Most don't want to buy until they know the details of the merger. HGVC doesn't want to buy back a bunch of deeds and have to pay the MF's on those this year.

 

[MotherBear26]

Passed ROFR - Kings Land 2BR Premium, 14,400 annual points, $14,000. We've stayed at several HGVC, but this will be the first one we own. Ironically we're heading to the Bay Club later this month on an RCI exchange.

Nice!! Someone had pointed this listing to me, and I delayed as I was still figuring things out, but now I wish I did. Oh well.

I did end up getting a Kingsland 2BD, Platinum, 10,500 annual for $6k which passed ROFR.

 

[mscheribel59]

10/4/21 I won an EBay HGV Elara Platium 1Bedroom 4,800 point/EOYO for $890.00, total w/closing costs was $1,938.00 with $617 yet to be billed by Hilton.I didn't think it would pass ROFR. 1 week later Resort Closings Inc. sent me an email stating HGV waived ROFR and the Deed was recorded/Copy was enclosed. It's now off to Hilton for transfer. This encluded this years points of 4800, and Maintence fees were paid already for 2021. This purchase compliments my 4,800 point HGV Parc Soliel EOYE deed. I also own a 7,000 point annual at Tuscany in Orlando. All of them bought over the last 4 years on e-bay. Thanks for all the info I've learned over the last 5 years here on TUG.
Here is the Breakdown:

 

[Smclaugh99]

10/4/21 I won an EBay HGV Elara Platium 1Bedroom 4,800 point/EOYO for $890.00, total w/closing costs was $1,938.00 with $617 yet to be billed by Hilton.I didn't think it would pass ROFR. 1 week later Resort Closings Inc. sent me an email stating HGV waived ROFR and the Deed was recorded/Copy was enclosed. It's now off to Hilton for transfer. This encluded this years points of 4800, and Maintence fees were paid already for 2021. This purchase compliments my 4,800 point HGV Parc Soliel EOYE deed. I also own a 7,000 point annual at Tuscany in Orlando. All of them bought over the last 4 years on e-bay. Thanks for all the info I've learned over the last 5 years here on TUG.
Here is the Breakdown:
View attachment 40906

Congrats on the purchases and passing ROFR. I, too, have had great success with HGVC resales on eBay (6 total since 2018). I think there are some great deals to be had that are cheaper than the resales from TUG-approved resale people (Judy K, Seth Nock, and Diane Nadeau).

Sean

 

[brp]

Congrats on the purchases and passing ROFR. I, too, have had great success with HGVC resales on eBay (6 total since 2018). I think there are some great deals to be had that are cheaper than the resales from TUG-approved resale people (Judy K, Seth Nock, and Diane Nadeau).

Sean

Same here. Two most recent purchases (of 3 total) were eBay and went quite well.

Cheers.

 

[frank808]

Got word that HGVC did not exercise ROFR on The Bay Club, Waikoloa, Hawaii. Purchase price, $3,800, 7000 Points Annual. Hilton waived, 9/7 and I believe it was submitted 9/4. Hope to close by the end of this month. So I'm guessing that 2 months is a reasonable time to close the deal.

I hope this is the correct place to post ROFR, I was trying to search for the original post.

FYI HGVC does not have ROFR at Bay Club. You just go through the formalities of applying for ROFR but it is automatically granted. This was a resort that was originally developed by another entity, then unsold units and land was aquired by HGVC. I have not seen the ROFR clause in my Bay Club deeds. Kohala Suites and Kingsland has a ROFR clause.

 

[Cyberc]

Got word that HGVC did not exercise ROFR on The Bay Club, Waikoloa, Hawaii. Purchase price, $3,800, 7000 Points Annual. Hilton waived, 9/7 and I believe it was submitted 9/4. Hope to close by the end of this month. So I'm guessing that 2 months is a reasonable time to close the deal.

I hope this is the correct place to post ROFR, I was trying to search for the original post.

IIRC HGV don’t have ROFR over any Bay club listings. Same goes for the Flamingo in Vegas.

 

[sng85]

Purchased 2-bed Plus, Platinum Ski Season, 8,400 pts at Sunrise Lodge Park City for $6,000 + closing/transfer costs.
Not the lowest MF/pt or initial price/pt, but gives me 12-month home week reservation for ski season.
These were marketed by Hilton’s resale department and I purchased through Judi/Dana. As usual, very smooth purchase process!

 

[letsgobobby]

Congrats on the purchases and passing ROFR. I, too, have had great success with HGVC resales on eBay (6 total since 2018). I think there are some great deals to be had that are cheaper than the resales from TUG-approved resale people (Judy K, Seth Nock, and Diane Nadeau).

Sean

My first HGVC deed was 7000 EOY plat at Marbrisa off EBAY for $1400 including all closing costs and transfer fee. I just had to pay club dues. The closing took a long time but in the end it worked out and it was an extremely low risk/cost way to get into the system. We're using this year's points to stay at Lagoon over Thanksgiving... Super happy with that for $1400 MF!

 

[mscheribel59]

10/4/21 I won an EBay HGV Elara Platium 1Bedroom 4,800 point/EOYO for $890.00, total w/closing costs was $1,938.00 with $617 yet to be billed by Hilton.I didn't think it would pass ROFR. 1 week later Resort Closings Inc. sent me an email stating HGV waived ROFR and the Deed was recorded/Copy was enclosed. It's now off to Hilton for transfer. This encluded this years points of 4800, and Maintence fees were paid already for 2021. This purchase compliments my 4,800 point HGV Parc Soliel EOYE deed. I also own a 7,000 point annual at Tuscany in Orlando. All of them bought over the last 4 years on e-bay. Thanks for all the info I've learned over the last 5 years here on TUG.
Here is the Breakdown:
View attachment 40906

Received all the closing papers/copy of recoeded deed on 10/28/21. The property was added to my HGV account on 10/26/21 and the 4,800 points for 2021 were deposited into my HGV account on 10/27/21. Being purchased on E-bay on 10/4/21, entire process was only 23 days.

 

[HuskerATL]

We are in the process of closing a two 2 bedroom on one deed purchase at Blvd (annual 10,000 gold) for $6,000. It passed ROFR on 10/25/2021 and waiting for estoppel now.

 

[KDaley]

4-25-2020
Resort: HGVC ELARA Contract Number:
Location: Las Vegas, Nevada 89109
Size: 1 Bedroom / 1 Bath (1 Bedroom Grand) This ownership is a FULL WEEK at the resort EVERY
ODD YEAR and does not come with HGVC Points.
Week: Floats Weeks: 1-52
Annual or Biennial: ODD Year Usage
Buyers First Year of Use: 2021
Annual Dues Begin: 2021
Purchase & Closing Costs
Purchase Price: $99.00
Closing Costs paid by- BUYER: $199.00
Transfer Fee paid by- BUYER: $65.00
2020 Maintenance Fee Due: $0.00 (Buyer first year of MF is 2021)
Total amount due including all costs to be sent: $363.00
Note: All payments will be held in an Escrow Account at Sterling Title

 

[KDaley]

4-28-2020
Resort: HGVC ELARA Account Number:
Location: Las Vegas, Nevada 89109
Size: 2 Bedroom / 2 Bath Lockoff (Studio Standard + 1 Bedroom Grand)
Week: Floats Weeks: 1-52 This owernship is a FULL WEEK at the resort every Even Year and does not
come with HGVC Points.
Annual or Biennial: EVEN Year Usage
Buyers First Year of Use: 2020
Annual Dues Begin: 2020
Purchase & Closing Costs
Purchase Price: $250.00
Closing Costs paid by- BUYER: $199.00
Transfer Fee paid by- BUYER: $65.00
2020 Maintenance Fee Due: $608.00 ((50% Off 2020 MF)
Total amount due including all costs to be sent: $1,122.00