I agree. Its like what is the point?! It really does nothing for Hyatt. The only thing I can think is they have future plans that have not yet been announced. Some type of HGVMAX type of cross sell?
I think abused in the sense that no real information has flown to owners.
| Resort | City | ST | Weeks | PlatinumPoints | Week% | PP% |
| Lawrence Welk Resort Villas | Escondido | CA | 10,588 | 2,541,120,000 | 23.3% | 22.4% |
| Villas on the Green | Escondido | CA | 9,619 | 1,760,610,000 | 21.1% | 15.5% |
| Desert Oasis | Cathedral City | CA | 5,638 | 676,560,000 | 12.4% | 6.0% |
| Mountain Villas | Escondido | CA | 3,942 | 1,201,320,000 | 8.7% | 10.6% |
| Northstar Lodge | Truckee | CA | 3,906 | 1,717,890,000 | 8.6% | 15.2% |
| Sirena Del Mar | Cabo | Mx | 3,744 | 1,347,840,000 | 8.2% | 11.9% |
| Lodges at Timber Ridge | Branson | MO | 3,120 | 741,360,000 | 6.9% | 6.5% |
| Pono Kai | Kapa'a | HI | 734 | 140,175,000 | 1.6% | 1.2% |
| Ranahan | Breckenridge | CO | 572 | 269,010,000 | 1.3% | 2.4% |
| The Cliffs at Princeville | Princeville | HI | 562 | 103,680,000 | 1.2% | 0.9% |
| One Village Place | Truckee | CA | 433 | 182,250,000 | 1.0% | 1.6% |
| El Corazon de Santa Fe | Santa Fe | NM | 410 | 179,400,000 | 0.9% | 1.6% |
| Eagle Crest Resort | Redmond | OR | 364 | 64,110,000 | 0.8% | 0.6% |
| Four Seasons Residence Club - Aviara | Carlsbad | CA | 327 | 141,750,000 | 0.7% | 1.3% |
| Villas of Cave Creek | Cave Creek | AZ | 301 | 56,880,000 | 0.7% | 0.5% |
| Red Wolf Lodge at Squaw Valley | Olympic Valley | CA | 263 | 16,860,000 | 0.6% | 0.1% |
| Stoneridge Resort | Blanchard | ID | 200 | 19,632,000 | 0.4% | 0.2% |
| Arroyo Roble Resort | Sedona | AZ | 188 | 55,950,000 | 0.4% | 0.5% |
| Red Wolf Lakeside Lodge | Tahoe Vista | CA | 182 | 9,930,000 | 0.4% | 0.1% |
| Falcon Point | Avon | CO | 150 | 21,445,000 | 0.3% | 0.2% |
| Four Seasons Residence Club - Troon North | Scottsdale | AZ | 140 | 63,000,000 | 0.3% | 0.6% |
| Poste Montane Lodge | Avon | CO | 128 | 20,670,000 | 0.3% | 0.2% |
| TOTALS | 45,511 | 11,331,442,000 |
With deeded ownership, all you own is Unit X during Week Y. The thought that someone "owns" the pool of intervals as an asset is not specified in the deed.
These numbers make my head hurt. On first blush, it would appear that either there's a tremendous amount of unsold inventory, or Welk only owned a portion of the resort. For the bottom seven, only 0.5% - 0.9% are in play?? Where is the attraction for Marriott to purchase this Club???
When you join the "Club" you are provided a set of rules. There is no contract negotiation. The rules call out all the terms of exchange and point values, etc. Hyatt owns the system and they can and have changed any aspect of the rules at their leisure. If an individual resort desires to remove itself from the Club (as determined by the resort owners and BOD), Hyatt is removed and so are the rules. The resort is then free to retain another management firm and that firm provides new rules. In that case, there is still no contract or negotiation thereof with any individual owner.
That's a very well thought out description of the Welk situation. What it really means is MCV saw an opportunity and acted. They are well aware of the extremely limited resource presented in Welk properties. Thankfully, MCV created a totally separate system without adversely impacting or diluting the existing HPP & HRC structure. Now let's watch all the frustration when owners see very slim pickings for exchanges.
I'm not sure they were simply allowed to buy resale as there are commercial activity restrictions. They would have to negotiate T&C's with each company. They also had access to Disney.
I could be wrong. I did talk to the folks at Poste Montane and Pono Kai about Welk's involvement. And it may not have been strictly a wholesale purchase. Welk basically negotiated the purchase of fixed weeks at these various resorts and that is how they acquired inventory. Not sure about the Disney access; but that no longer exists.