Which Hyatt entity "owns" the unsold/undeeded timeshare weeks at a specific resort? What are they now doing to bring in some revenue with these unsold timeshare weeks?
For example, my review of the Monterey County Recorder public records for the Highlands Inn shows 2972 timeshare week deeds (about 2/3) of the total available (4500). Additionally, the deeds recorded by HVC Highlands LLC dropped to 0 starting in 2010 whereas they recorded 2972 deeds from Feb 2004 (first sale) through Dec 2009.
I'm curious who holds and is selling or renting/exchanging/... the remaining 1500 timeshare weeks. I suspect that the better weeks were sold and those remaining are not as desirable. Who is holding all these less desirable weeks and what are they now doing with them to generate revenue and minimize their ongoing holding costs?
My specific interest is learning more about the whereabouts and "doabouts" of the remaining Highlands Inn timeshare weeks so I better understand the likelihood of their waiving their Right of First Refusal (ROFR) on a resale.
I've used this specific resort as an example. However, undoubtedly other timeshare week resorts are dealing with the same issues re unsold less desirable timeshare weeks. If anyone needs more details before responding to my question(s), just ask as I can share additional Monterey County Recorder public data that I collected for the Highlands Inn.
For example, my review of the Monterey County Recorder public records for the Highlands Inn shows 2972 timeshare week deeds (about 2/3) of the total available (4500). Additionally, the deeds recorded by HVC Highlands LLC dropped to 0 starting in 2010 whereas they recorded 2972 deeds from Feb 2004 (first sale) through Dec 2009.
I'm curious who holds and is selling or renting/exchanging/... the remaining 1500 timeshare weeks. I suspect that the better weeks were sold and those remaining are not as desirable. Who is holding all these less desirable weeks and what are they now doing with them to generate revenue and minimize their ongoing holding costs?
My specific interest is learning more about the whereabouts and "doabouts" of the remaining Highlands Inn timeshare weeks so I better understand the likelihood of their waiving their Right of First Refusal (ROFR) on a resale.
I've used this specific resort as an example. However, undoubtedly other timeshare week resorts are dealing with the same issues re unsold less desirable timeshare weeks. If anyone needs more details before responding to my question(s), just ask as I can share additional Monterey County Recorder public data that I collected for the Highlands Inn.