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Why no ROFR at Flamingo?

icul8rg8r

TUG Member
Joined
Dec 13, 2011
Messages
90
Reaction score
0
Points
116
Location
Seattle area
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....
 

Remy

TUG Member
Joined
Jun 10, 2011
Messages
666
Reaction score
49
Points
239
Location
Kansas
Resorts Owned
Hilton Grand Vacations Club on the Boulevard, Hyatt Residence Club Wild Oak Ranch
It isn't in the contract. It is not an affiliate.
 

janckenn

TUG Member
Joined
Apr 29, 2010
Messages
101
Reaction score
4
Points
229
Location
Atlanta
Resorts Owned
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.
 

Talent312

TUG Review Crew: Veteran
TUG Member
Joined
Jul 4, 2007
Messages
17,629
Reaction score
7,468
Points
948
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.
 
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