The Point at Poipu HGVC

[dashndream]

We're interested in purchase at The Point at Poipu but can't seem to find any point values associated with for sale properties. Any info on this?

 

[GT75]

P@P is a HVC (former DRI) property. Therefore, I moved your post.

 

[dashndream]

Thank you.

 

[T_R_Oglodyte]

We're interested in purchase at The Point at Poipu but can't seem to find any point values associated with for sale properties. Any info on this?

If you are looking at buying a deeded ownership, the deed will be tied to a view category, and you will be entitled to make a reservation, space available, for one week in the view category associated with the deed. The view categories are Ocean Front; Ocean View; Partial Ocean View; and Garden View. There also some deeds that are not attached to a view category- these are known as "float-float" weeks. An owner of a float-float week can reserve in any view category.

The other type of ownership is an interest in the Hawaii Collection. The Hawaii Collection is a trust that owns units at a collection of resorts, including Point at Poipu. Essentially, the trust owns deeds for some of the units at Poipu, so when someone owns trust points, they have an indirect interest in Poipu, as well as all of the other properties in which the trust owns property. I believe that at present the Hawaii Collection owns about 60% (maybe more) of the deeds at Poipu.

When you buy an ownership in the Hawaii Collection, you are buying an ownership, and that ownership is recorded in points. So you might buy a Hawaii Collection interest that is, say, 20,000 points. You then use those points to make reservations throughout the Hawaii Collection.

 

[dashndream]

Thank you for your response.

 

[T_R_Oglodyte]

We're interested in purchase at The Point at Poipu but can't seem to find any point values associated with for sale properties. Any info on this?

If you are looking at buying a deeded ownership, the deed will be tied to a view category, and you will be entitled to make a reservation, space available, for one week in the view category associated with the deed. The view categories are Ocean Front; Ocean View; Partial Ocean View; and Garden View. There also some deeds that are not attached to a view category- these are known as "float-float" weeks. An owner of a float-float week can reserve in any view category.

The other type of ownership is an interest in the Hawaii Collection. The Hawaii Collection is a trust that owns units at a collection of resorts, including Point at Poipu. Essentially, the trust owns deeds for some of the units at Poipu, so when someone owns trust points, they have an indirect interest in Poipu, as well as all of the other properties in which the trust owns property. I believe that at present the Hawaii Collection owns about 60% (maybe more) of the deeds at Poipu.

When you buy an ownership in the Hawaii Collection, you are buying an ownership, and that ownership is recorded in points. So you might buy a Hawaii Collection interest that is, say, 20,000 points. You then use those points to make reservations throughout the Hawaii Collection.

Be aware that I've omitted any discussion about about what happens when a membership is part of the Club. That's because Club memberships and benefits (and expenses) terminate if an ownership is sold. Since you are presumably interested in a private resale (Good for you!!!), Club benefits would be irrelevant to your purchase.

 

[dashndream]

Do you know of any other disadvantages of purchasing a private resale unit?