Super High Cost Properties

[loafingcactus]

So I've seen an ad around for Grand Waikkian penthouse 3B Christmas week for like a quarter million dollars. Really? Is this one ad by a psycho person that is being replicated around, or do people really pay that much? I just can't see how it could possibly be worth that much to anyone...

 

[Remy]

This is from their solicitation: Prices of weeks range from $10,990 to $278,700. Prices subject to change.

I would imagine the high end is those 3br penthouses.

 

[GregT]

This is from their solicitation: Prices of weeks range from $10,990 to $278,700. Prices subject to change.

I would imagine the high end is those 3br penthouses.

Woo Hoo!! My 3BR MOC units look like bargains!!!..................

Just kidding...I love my MOC units.....but $250K for one week? That's nuts.

 

[alwysonvac]

Here's an old article that was posted on TUG back in Dec 2008 regarding the Grand Waikikian prices

http://archives.starbulletin.com/content/20081219_Waikikis_Grand_opening

 

[loafingcactus]

Thanks for the article.

And really, looking at the math on the points totals for those penthouses, it's not sooooo insane... But I can't imagine spending that many points on just on week!

I'd really like to see one of those penthouses, just to see...

 

[ricoba]

Thanks for the article.

And really, looking at the math on the points totals for those penthouses, it's not sooooo insane... But I can't imagine spending that many points on just on week!

I'd really like to see one of those penthouses, just to see...

I have stayed in a 2 br penthouse there when we were bumped from the Lagoon Tower ph.

No doubt they are really very delux, but I still prefer the Lagoon Tower because it sits right on the beach.

 

[jestme]

I'm certainly not trying to justify the cost at all, because it is nuts, but that $250K gets you 28,750 points, and one maintenance fee. If you owned 3 separate 8400 point Lagoon packages, you would have 3 MF's. So, trading them in for 1 28,750 point package would save about $1500 / year in MF's for 3500 more points.

 

[loafingcactus]

Ummm... Tell more please! What made them lux? How fancy is this bath?

 

[Adrienne]

What we're forgetting is that anyone who can afford 250K for one prime week can afford it.
Perhaps they see it as a better investment than the US stock market. Perhaps they see it as an investment for their great-grandchildren. Perhaps they say "Screw it, let's take a nice vacation every year."

Ticket price is relative. It's not necessarily a reflection on the value.

 

[Talent312]

For that kind of $$, I'd rather...
-- buy a house in the mountains; or
-- a condo on the beach; or
-- a two-masted schooner...

But then, whoever would spend that $$ on a TS might have all those things, already.

 

[heathpack]

I was just noodling around on a Hyatt TS site, looking at recent resale prices and Hyatt Grand Aspen was similarly crazy- something like $150,000-$200,000 for a 2BR RESALE recently (within the past year). That is a fractional, so at least the buyer gets multiple weeks, but still, who would but that?!!!

H

 

[loafingcactus]

But then, whoever would spend that $$ on a TS might have all those things, already.

Good point. They could also have my HOUSE (and then some) for that!

 

[Adrienne]

But then, whoever would spend that $$ on a TS might have all those things, already.[/QUOTE]

Exactly. Or maybe he simply wants to vacation without the headache of responsibility. I own one week at Kingsland and my purchase was justified in this one little scene: Friends came over, used the facilities, and said, "Your toilet's broken."
I yawned and said, "Call maintenance," then took another sip of my Mai Tai.

Heck, if I win the CA lotto next weekend, I'll buy another 51 weeks at and would be moved in by Wednesday.

 

[Aptman]

I'm thinking that someone who just spent $250k on a week in Hawaii probably isn't too concerned with whether they have to pay $1,500 per year in MF or $3,000 per year.

It's like going in to the Ferrari dealership and asking the price - if you have to ask, you can't afford it. These are not things for TUG'ers who are out there trying to save a dime wherever they can.

I'm certainly not trying to justify the cost at all, because it is nuts, but that $250K gets you 28,750 points, and one maintenance fee. If you owned 3 separate 8400 point Lagoon packages, you would have 3 MF's. So, trading them in for 1 28,750 point package would save about $1500 / year in MF's for 3500 more points.

 

[DEROS]

Lets not assume it is a person but a business entity. Think Japan. A get away for executives at buiness expense. It could be just the points to allow multiple employes during the year get a week in sunny Hawaii.

 

[yumdrey]

I was just noodling around on a Hyatt TS site, looking at recent resale prices and Hyatt Grand Aspen was similarly crazy- something like $150,000-$200,000 for a 2BR RESALE recently (within the past year). That is a fractional, so at least the buyer gets multiple weeks, but still, who would but that?!!!

H

When I was at Grand Aspen 2 years ago, the sales person tried to explain that owning TS at grand aspen is much less expensive than buying a ski house as a second home or vacation home.
For fixed ski week, it was over $250k and MF was very expensive (I cannot remember the exact amount, but it was over 3k).
Since then, I am checking resale prices of GA, and I have never seen anything for my budget