Welk timeshare

[sundar.velayutham]

I am being offered Welk Timeshare resale for 1k - 540k yearly points starting next year with 3200 HOA. I wanted to understand any gotchas with buying such a resale? Should I go for HVC points or buying a Welk resale that can be traded is a good idea?

 

[Guitarmom]

You could get 540,000 points for $1,000? That's a good deal.

Those 540,000 points will get you three weeks in a large one bedroom *OR* four and a half weeks in a small one bedroom *OR* one week in a two-bedroom plus another week in a two-bedroom lockoff (two kitchens, two living rooms, two bedrooms and two bathrooms). There are many other combinations that could come from 540,000 points.

EDIT: I don't think there's a difference between "HVC points" and a "Welk resale." All Welk points are HVC points now.

Let us know if your deal goes through. A $1,000 asking price risks Hyatt exercising their ROFR (right of first refusal).

 

[iftravel]

How do Welk points trade in II? Do they come with a free II membership? Do they get preference and discounted exchange fees for Hyatt properties?

 

[Guitarmom]

How do Welk points trade in II? Do they get preference and discounted exchange fees for Hyatt properties?

Your first question is a great question, but one that I can't answer right now. We (HVC owners) were just informed that II has re-evaluated HVC deposits. I can tell you that HVC used to trade very well in II, but I don't know what these changes will do.

Your second question is a qualified yes. I know that exchange fees for Hyatt properties are reduced, but I don't know if preference is given for HVC owners. I'm not even sure how to find out.

 

[dioxide45]

I know that exchange fees for Hyatt properties are reduced, but I don't know if preference is given for HVC owners. I'm not even sure how to find out.

If you can obtain a copy of the II Buyers Guide for Welk Owners, it will have details about preference. You probably need to obtain this from Welk.

 

[sundar.velayutham]

Thank you for that information. So, If I do get the Welk points based ownership, I can go to any of the Hyatt properties that I can go with the vacation club points right? If I can trade into II and get some international trips once in a while, that would be great as well!

 

[dioxide45]

Thank you for that information. So, If I do get the Welk points based ownership, I can go to any of the Hyatt properties that I can go with the vacation club points right? If I can trade into II and get some international trips once in a while, that would be great as well!

With a Welk point ownership, you can only use the points at the legacy Welk properties. To go to former Hyatt Residence Club resorts, you need to use II.

 

[Guitarmom]

Thank you for that information. So, If I do get the Welk points based ownership, I can go to any of the Hyatt properties that I can go with the vacation club points right? If I can trade into II and get some international trips once in a while, that would be great as well!

@dioxide45 is correct, Hyatt Vacation Club Platinum Points only work at the legacy Welk properties: San Diego, Palm Springs, Branson, Cabo San Lucas, for sure. I also think that Breckenridge, Lake Tahoe, and Santa Fe work with Platinum Points. You can trade in II for other Hyatt properties, as well as those international trips every so often.

I'm sorry that I misunderstood your question and gave you incomplete advice. I learned something new from @dioxide45, too!

 

[ambere]

You could get 540,000 points for $1,000? That's a good deal.

Those 540,000 points will get you three weeks in a large one bedroom *OR* four and a half weeks in a small one bedroom *OR* one week in a two-bedroom plus another week in a two-bedroom lockoff (two kitchens, two living rooms, two bedrooms and two bathrooms). There are many other combinations that could come from 540,000 points.

EDIT: I don't think there's a difference between "HVC points" and a "Welk resale." All Welk points are HVC points now.

Let us know if your deal goes through. A $1,000 asking price risks Hyatt exercising their ROFR (right of first refusal).

Actually, if you go on the TUG Marketplace, you can get 540K points for FREE! (or 180K, 240K or 300K pts). Or even 720K points for $900. It's really about how much in maintenance fees you want to take on. I talked to one of the guys who posted his points for free, and he seemed very legit; just looking to unload his parent's timeshares they've had for 20+ years. Check them out! https://www.tug2.com/timesharemarketplace/search?KeyWord=hyatt &ForSale=True