icul8rg8r
TUG Member
Why is there no ROFR at the HGVC Flamingo? Is it an affiliate? If so, why the HGVC in the name? If not, then why no ROFR? Just wondering....
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Why no ROFR at Flamingo?
- Thread starter icul8rg8r
- Start date
janckenn
TUG Member
- Joined
- Apr 29, 2010
- Messages
- 101
- Reaction score
- 4
- Points
- 229
- Location
- Atlanta
- Resorts Owned
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HGVC Grand Waikikian x1
HGVC West 57th Street x2,
HGVC Flamingo x2,
HC The District x1
HGVC member since 2007
HGVC Flamingo was the first HGVC timeshare. Before HGVC got sophisticated with their contracts, there was no right of first refusal in the HGVC Flamingo contracts. The resale market is perfect for both buyers and sellers at HGVC Flamingo because there is no ROFR. I wanted to add more HGVC points, so I bought resale at HGVC Flamingo. Maintenance fees are reasonable and it is a great location to stay at in Las Vegas. I don't know what the building around it will do to it, but I have had a great time every time that I stay there. Will be there for the New Years weekend.
- Joined
- Jul 4, 2007
- Messages
- 16,808
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- Resorts Owned
- HGVC & GTS
A bit of historical perspective:
The Flamingo TS was built by Hilton about 18 years ago. At the time, HGVC was a fledgling enterprise with no other resorts. For management and to create a "club," Hilton partnered with a SW Florida developer (Mariner Group) who brought the older SW Florida affiliates to the party. Mariner did not have ROFR at its resorts. But by the time Hilton built their second TS, Seaworld, Hilton "wised up" and started using the ROFR clause.
The Flamingo TS was built by Hilton about 18 years ago. At the time, HGVC was a fledgling enterprise with no other resorts. For management and to create a "club," Hilton partnered with a SW Florida developer (Mariner Group) who brought the older SW Florida affiliates to the party. Mariner did not have ROFR at its resorts. But by the time Hilton built their second TS, Seaworld, Hilton "wised up" and started using the ROFR clause.
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