Should we convert HRC to HPC?

[alameda94501]

Just had the pitch to buy HPP points in addition to the HRC week we have in Lake Tahoe. We have not had a problem trading each year, mostly within Hyatt, but I am noticing more HPP inventory, which we pay slightly higher fees for. There was no mention of a fee on top of the cost of points and Closing Costs. The pitch is more inventory 6 to 14 (or 15) months. The smallest amount was 660 points. With 1880 in our deeded week we might consider just enough to get us to 2201 points. Is that even possible and will the additional flexibility allow us to get into Maui or Sunset Key? We have 3x 2brs for 5 nights Sun to Fri this week at Coconut Plantation. It’s nice as always.

You ask if adding 660 pts would get you over 2201 pts - yes sounds like you would get to 2540 above the Classic Tier.

As to whether it would get you into Maui or Siesta Key - it's unlikely. What would have to happen is that:

1. A hybrid owner is out there who owns a deeded week at Maui (rare) or Siesta Key (super rare)**.
2. They don't use their deeded week (HRPP).
3. They annually convert, meaning they put it into Portfolio inventory 12mo-6mo.
4. No one is ahead of you on the 18mo-12mo Portfolio request list (Elites start at 18mo)

It does happen, I see some Portfolio weekends at Maui... but I wouldn't spend $14k on that chance.

** This is because those two resorts are not "Portfolio resorts" meaning there is no genuine Portfolio inventory at these resorts.

 

[bksm]

Thanks Alameda94501,

I was asking the cheapest way to get at least the 321 points I would need to be in an elite tier instead of paying the $14k for the 660 points. Can I buy HPP points on the secondary market and then combine it with my HRC?

They stopped at their offer for 660 points. If it was available I would have thought they’d offer us 330 points or even a straight conversion of our 1880 points before letting us go on our way.

 

[ScoopKona]

LOL first off the fact that they made up the word "Hyattize" I find so ridiculous.
Just remember, legacy weeks already are a hybrid model if you want them to be, you just can't reserve points inventory until 6 months out.

If you mean HRC points inventory, you absolutely CAN reserve them 12-6 months out. People like me give up their week as soon as possible to start reserving. So my Beach House Week is generally available one year out.

 

[ScoopKona]

Thanks Alameda94501,

I was asking the cheapest way to get at least the 321 points I would need to be in an elite tier instead of paying the $14k for the 660 points. Can I buy HPP points on the secondary market and then combine it with my HRC?

They stopped at their offer for 660 points. If it was available I would have thought they’d offer us 330 points or even a straight conversion of our 1880 points before letting us go on our way.

If I'm reading you correctly, your best option would be to purchase a Diamond Week somewhere. And then sell your Gold Week so you're not paying two maintenance fees.

There's no easy way to access Diamond inventory unless you own two weeks (which are close together so the points come good around the same time), or just buy a Diamond.

Anything else, you're paying too much for too little.

Don't get me wrong, I'd rather be cooking in the Hyatt Maui kitchen than some random Hawaii Interval kitchen. Since I can get some random Hawaii resort for anywhere between 430 and 1300 points, I wouldn't spend 2200 even if I had them. (I also have 1880.)

In general, I don't think Hyatt resorts are worth the point premium. They're good, sure. But are they 70% better? (The difference between 1300 and 2200 points). I don't think so. I'd be happier with two weeks in an Interval one bedroom than one week at the Hyatt.

 

[alameda94501]

Thanks Alameda94501,

I was asking the cheapest way to get at least the 321 points I would need to be in an elite tier instead of paying the $14k for the 660 points. Can I buy HPP points on the secondary market and then combine it with my HRC?

They stopped at their offer for 660 points. If it was available I would have thought they’d offer us 330 points or even a straight conversion of our 1880 points before letting us go on our way.

Ah, got it @bksm - yes even our family would be interested in a lower offer too, given the way Aspen went and Sunset Harbor is going.

I know it's been done many times for certain people (220pts, 330pts, 400pts - and 660pts biennial which is similar to 330pts annual) but they keep turning me down, even when I say I know other members interested in the same. I'll keep holding out for a group purchase of 330 pts, which might start to look appealing to them if the economy worsens.

Resale points have never been done before because they keep ROFRing at the "market price". Additionally, the points aren't currency. What I mean by that is that the contract itself states a point value, but they do not subdivide. So you purchase a contract of "660 points" but you cannot split up those points later on.

 

[Mongoose]

Just had the pitch to buy HPP points in addition to the HRC week we have in Lake Tahoe. We have not had a problem trading each year, mostly within Hyatt, but I am noticing more HPP inventory, which we pay slightly higher fees for. There was no mention of a fee on top of the cost of points and Closing Costs. The pitch is more inventory 6 to 14 (or 15) months. The smallest amount was 660 points. With 1880 in our deeded week we might consider just enough to get us to 2201 points. Is that even possible and will the additional flexibility allow us to get into Maui or Sunset Key? We have 3x 2brs for 5 nights Sun to Fri this week at Coconut Plantation. It’s nice as always.

At this point I would wait till 2024 to see what the new HVC will look like. Too many uncertainties to spend that money now, at least for me.