Would like to bump up to next HGV level. Input sought.

[Oggysweep]

We are looking to bump up our HGV membership from Preferred+ to Premier. Need 10,400 points to do so.

Looking for the groups input as the best way to do this.

We did look into secondary market timeshare, but we understand or were told that the points do not count towards Status Upgrade.

Thanks in advance for your suggestions and comments.

 

[brp]

My suggestion: Don't.

Buy resale which, as you said, won't count. You'll save a ton of money and miss out on negligible added benefits. JMO, though.

Cheers.

 

[CalGalTraveler]

You will need to buy developer to do this in MAX. You will need to run the numbers as to whether the cost of retail will be offset by the benefits of the higher elite tier. Usually it does not. If you just need the points, buy resale.

 

[dayooper]

We are looking to bump up our HGV membership from Preferred+ to Premier. Need 10,400 points to do so.

Looking for the groups input as the best way to do this.

We did look into secondary market timeshare, but we understand or were told that the points do not count towards Status Upgrade.

Thanks in advance for your suggestions and comments.

What benefit/benefits are you looking to earn?

 

[GT75]

We are looking to bump up our HGV membership from Preferred+ to Premier. Need 10,400 points to do so.

I agree with @CalGalTraveler/@dayooper and basically "run the numbers" looking at with benefits you will get moving from preferred+ to Premier vs. what it will cost. I would estimate that it will cost you $50K to $70K for those additional points. Only you can decide if that additional level will be worth it. After the Premier tier, there will be Premier+ and then Centum.

 

[PigsDad]

I agree with @CalGalTraveler/@dayooper and basically "run the numbers" looking at with benefits you will get moving from preferred+ to Premier vs. what it will cost. I would estimate that it will cost you $50K to $70K for those additional points. Only you can decide if that additional level will be worth it. After the Premier tier, there will be Premier+ and then Centum.

And since you can buy an additional 10K+ points on the resale market for $5K or less, you have to look at the additional benefits of going to Premier vs. an extra $45K - $65K in your pocket.

Kurt

 

[CalGalTraveler]

If you decide the extra elite tier is worth it for you, this is what I would do to avoid paying full retail for 10,500 points.

Buy a resale week for < $5k that has high original retail value that can be traded into HGVC (no affiliates, no managed properties because you cannot trade those in.).

Then go to a Retail presentation and trade in that unit for the full retail value of the unit and then pay only the difference. This will bring your price tag down to $10 - $30k.

A good resale deed to buy is W57 8400 point studio. You can get those for $3000 or less. It will credit toward developer trade-in at $50k - 100k depending how recently the seller bought from the developer. The more recent the higher the trade in value because it is based on the original purchase price.

Note that certain offices have minimum sales requirements and some cannot sell all inventory so try to deal with HQ in Florida or NYC because they have access to all inventory. There may be other offices that have full access as well but IDK what those are.

 

[Smclaugh99]

I just upped from Max Premier+ to Centum and echo the sentiments above. The juice ultimately is not worth the squeeze. Even with creative resale deed to retail deed arbitrage and dollar cost averaging, there is no scenario where it becomes “worth it” just to reach that status. However, others have pointed out, astutely, that value is different to everybody. I liken this to an expensive luxury car that depreciated 95% after leaving the lot. Still fun to drive and to own, but not a great investment. So build your ownership how you want to use it and if those goals correspond to achieving status, then that is a bonus. But the status, itself, should not be the main goal.

Sean

 

[rishj09]

Can’t you buy a 2 bed platinum resale in Craigandarroch Lodges? As that goes through an official HGVC resale channel, I believe it qualifies for the status. It should run around $5-6k for that purchase.

 

[CalGalTraveler]

Craigendarroch lodges do not qualify for MAX. It also is not eligible for HGVC trade-in to offset the cost because it is an affiliate. That's why I was recommending W57 or other HGVC owned property with high retail value but low resale for trade-in.

 

[dayooper]

Can’t you buy a 2 bed platinum resale in Craigandarroch Lodges? As that goes through an official HGVC resale channel, I believe it qualifies for the status. It should run around $5-6k for that purchase.

The status you can earn with a Craig Lodge is the Legacy Elite program. As @CalGalTraveler says above, Craig Lodges do not enroll you in Max membership, nor does it count toward Max tier levels.

 

[Oggysweep]

What benefit/benefits are you looking to earn?

Great question, thank you.
Points management and some other perks. We don't have to decide a year in advance what we are doing and whether we have to transfer to HH points. The ability to transfer the points in the same year is, to us, a major benefit, as well as the upgrades and extra service, longer reservation times, and more. We are at least considering the move up, as this will transfer to our kids in the future. It looks like a worthwhile move, making management easier for them as well.

 

[GT75]

longer reservation times,

I don't see this benefit listed.

The ability to transfer the points in the same year is, to us, a major benefit

Most of us don't see transferring HGVC pts to HH at 16-1 as a benefit. Why not use the $50K-$70K upgrade fee and pay for your Hilton hotel bookings? But it is your money and of course your decision.

 

[dayooper]

Great question, thank you.
Points management and some other perks. We don't have to decide a year in advance what we are doing and whether we have to transfer to HH points. The ability to transfer the points in the same year is, to us, a major benefit, as well as the upgrades and extra service, longer reservation times, and more. We are at least considering the move up, as this will transfer to our kids in the future. It looks like a worthwhile move, making management easier for them as well.

1. The ability to transfer the points in the same year is, to us, a major benefit - Sure, I can see this as being useful. My question back to you is: Is it worth $50K - $70K to do so? How often do you convert to HHonors? My humble opinion is that converting club points to HHonors points are a poor use of the club points. Over the years, Hilton Hotels has consistently devalued the points and HGV has kept the amount each deed is worth the same.
2. Upgrades - How often do you get upgrades? Is it consistent? Again, is it worth the upgrade when you can book exactly what you want for $5k in resale points.
3. Extra Service - What extra services are you referring to? I'm not a Max member so I'm not that familiar with them.
4. Longer reservation times - I am not familiar with any longer reservation times with Max tier increases. They have the search function, but that's not a longer reservation window.
5. Transferring to kids easier - Can you elaborate on this for me?

It is of my opinion that the Max benefits are not worth the extra cost it would to reach the next level. Then again, I'm not in your situation and don't know how you use them. For my situation, the value of my points comes in the club reservations and I can get those with my resale points. I also go by the notion that any tier perk can be taken altered, reduced or taken away without warning. If you feel that it's worth the extra costs to move up to the next tier, then do so. If you are asking my opinion, I don't feel that it's worth it.

 

[Chris-ATX]

nice and also useful discusion

 

[1Kflyerguy]

The status you can earn with a Craig Lodge is the Legacy Elite program. As @CalGalTraveler says above, Craig Lodges do not enroll you in Max membership, nor does it count toward Max tier levels.

Is HGV still advancing people to the Legacy Elite status if you purchase from Craig or another legacy resort?

 

[Exit Time]

[deleted - no advertisement/solicitation please list in the marketplace]

 

[GT75]

Is HGV still advancing people to the Legacy Elite status if you purchase from Craig or another legacy resort?

yes