All they want is money. Currently, Choice Hotel points can be used to book this very same properties, usually ranging between 40k and 60k hotel points. ALG is one of, if not the largest travel industry wholesalers in the world. Now if they just buy Motel1 in Europe (another one Ben will pan) and rebrand it to Canopy they will be set. At Selling Timeshares, Inc., Exchanging Marriott Vacation weeks through Interval International is a great way to get more out of an MVC membership. No one will buy something they should get for free. I have the same situation as Lorna posted in the previous comment. Click the following link if youre looking for Hilton Grand Vacations resales. If so please reach out to me as I too would like to seek legal justice in this matter. He and Gary L should pair up. Plus, your own feed of TPG content. We walked out of "update" today and so did others. Looking forward to seeing what Hyatt does here. The maintenance once I am not happy with has means of renting out rooms to collect money and those can be used toward maintenance and utilities etc. The so called plus for option 3 was, if we called into a special diamond department during a specified window of time and booked 20K of our 30K points at a non-diamond resort, then diamond would apply a credit of $6500 towards our maintenance fees. HGV offered no information on what will happen to Diamond's executives. I think I am paying for Disney Vacation $450 per year. Too bad they are so greedy. In late 2021 and 2022, the bigger-than-ever Hilton Vacation Club will then include 154 resorts and 720,000 owners with a global footprint that offers travel to mid-level, upscale and luxury resorts. Many people love their Ziva/Zilara all inclusive resorts. Choose the Extraordinary Hilton Grand Vacations Club Members I do not fit the creteria. Need to find attorney to represent Diamond clients, Diamond got a billion dollars in the buy out, we are owners, where is our buy out. We are Diamond Gold, Hilton told us last week at the Las Vegas Polo Towers that only 10% of Diamond owners have not upgraded to Max, (I bet not) they offered us $14,900 to upgrade, $1,600 down and $300 a month for 10 years.) #1, continue as is, but diamond would increase my maintenance fees by $800 per year going forward starting in 2024. The logic given was incomprehensible, as usual. Short of buying Excellence Resorts or Velas Resorts, this is probably the best purchase they could have made to increase their luxury A-I portfolio (save for Sunscape). Miles of pristine beaches, tiny island keys and underwater reefs surround the boundaries of this southeastern peninsula providing the quintessential vacation destination where an inland oasis offers high energy adventure with endless amusement parks, entertainment and shopping extravaganzas.A stones throw away from the clear blue waters of the Atlantic, Ocean Beach Club offers a quiet, relaxing atmosphere to come back to at the end of the day. Our current maintenance fees for the gold level our $6500. People are being really funny when accusing Ben of not understanding how expensive or exclusive this or that all-inclusive property is. Check here before booking an award fare. #2, request a transition out of ownership, but my cost would be 2 years of maintenance fee ($13K), plus $1K for every contract where we bought extra points (5). I would advise everyone to seek counsel and start a lawsuit. I have stayed at several Hyatt Ziva's and had wonderful experiences (especially the Hyatt Ziva Cap Cana). Not much. Very diverse crowd at Secrets - all-inclusive and people inclusive resort. Theres nothing cheap about what they sell. On the surface they say, oh we let you guys have a grandfather clause and if you want to remain in diamond, you can BUT, the caveat is, they are going to strip all the diamond resorts locations except for about 16 that are in the trust OUT of your diamond resorts system with the proclamation that even those resorts are subject to change at any time thusfor diamond owners who already spent thousands and thousands to own and are comfortable with the system and properties they have access to, must either spend a minimum of between 20 and 40 thousand dollars to purchase the minimum point allocation of 4500 points to convert their diamond ownership to hiltons HVG brand, or have their diamond ownership devalued down to 16 resorts, most of them the crappiest in the diamond portfolio save 4 or 5. A day later or so out of the blue they call and I am on hold first time for an hour and when the person answered they hung up immediately without speaking. I hope i have a chance bases on the fact that I do not fit the creteria. We were at silver level. I even have the rep that signed us up on a text (6 months ago) that said she was told there would be no fees for rolling points or transferring to Hilton Honors and yet I am told there are and, she came back yesterday and said well I did not know at the time but there are, sign up anyway. Loyalty programs arent going to be narrowly tailored to peoples tastes. Mar 10, 2021 8:01AM EST (RTTNews) - Hilton Grand Vacations Inc. (HGV) has entered into an agreement to acquire Diamond Resorts International, Inc. in a stock-based deal with an equity value of. I can understand not being thrilled about Dreams or Sunscape, but Zotry, Secrets, and Breathless Ive heard very good things about, and all appear to be quite swank. I dread the day that I have to make a reservation. After I got upset and said it criminal my sales associate disappeared, and he manager offered us the same membership for 30k . They only take Hilton Honors Points and refuse our HGVC owner club points. Nothing. ALG has now been purchased for $2.7 billion in cash from KKR and KSL Capital Partners. Strategic Indeed, was it right or wrong only time will tell. He worked in TV news for 20 years, including stints at ABC, MSNBC and Fox, before landing his dream job. This is a step in the right direction for World of Hyatt considering one of the biggest complaints from loyalty members is the smaller footprint of Hyatt compared to Marriott and Hilton. All I said is that I'm personally not excited about this as a consumer, based on my own travel patterns, and that Hyatt is spending a lot of money here. I turned both of them down. The addition of ALGs properties will immediately double Hyatts global resorts footprint. Gonzalo del Pen, Group President, AMResorts Americas & Global Commercial, said the merger will allow the company to offer more options to guests and realize expanded growth potential. I wonder if Hyatt is going to rebrand most/all these all inclusives to Zivas or Zilaras. This sounds like a fantastic upgrade opportunity for quality Diamond Resort owners. Today Hyatt Hotels Corporation announced that it is buying luxury resorts operator Apple Leisure Group (ALG) for $2.7 billion in cash. I would hope Hilton is large enough they are not trying to do this to previous owners. If you love water sports, you can go windsurfing, swimming and snorkeling. I'm thoroughly pissed off at HGVC. Here are the latest all-inclusive . I saw Hilton Grand Vacations just agreed to buy Diamond Resorts. Unwind amidst the natural beauty, soak in the warm summer sun poolside, enjoy the on-site fitness center or explore Great Smoky Mountains National Park on a daylong hike. I have a deed at Lake Tahoe Vacation Resort but use Diamond points. Makes Hyatt feel less desirable to me. We would like to sell all of this within the next two years but where and how? Full disclosure: the author of this Ask RedWeek is a longtime owner at Diamond Resorts. Until check out time, and the woman assigned to this part was very clear and forthcoming when she went over the entire sale, which was NOT how it was presented to us. Or it is simply equal to $157.85 per monthly to keep my membership. There are a ton of very amazing properties here. A few thoughts: Hyatt has completed its acquisition of Apple Leisure Group, which is Hyatts biggest acquisition yet. Hyatt currently offers eight all-inclusives in the Caribbean and Mexico under the Hyatt Ziva and Zilara names, while the AMR Collection includes the Secrets, Dreams, Zoetry, Breathess, Alua, and Sunscape resort brands. Press Esc to cancel. "Our plans are to re-brand Diamond properties to a new sub-brand of HGV, which will be called Hilton Vacation Club," said a spokesperson for HGV. Enjoy spectacular ocean views and our signature Unlimited-Luxury experience.Surrounded by golden sand, extraordinary rock formations, and sapphire blue waters, this fabulous AAA Four Diamond resort offers an ideal setting for couples and honeymooners looking . I was excited about that concept, though personally I cant say Im excited about the execution here. 3) Folks like Ben should just focus more on cash bookings at high end, independent and 3) Folks like Ben should just focus more on cash bookings at high end, independent and boutique hotels. You all sound like someone excited about an Olive Garden attached to some expensive mall. Its typical big business take over bs and its the equivalent of Elon musk coming to your home and showing you a video of how great Teslas are and encouraging you to test drive one then as soon as you do, confiscating the car you already own and paid for, and making you buy the Tesla or just sit in the driveway because they took out your engine. I thought this was going to be an awesome thing, for Diamond and Hilton to merger, in no way did my naive brain think they were going to CHARGE ME MORE!!! This will greatly expand Hyatts footprint in the all-inclusive resort market, especially in the Caribbean, Mexico, and Europe. Please view our advertising policy page for additional details about our partners. Many of our features might not work. The hotel group said, "Hyatt now offers one of the largest collections of luxury all-inclusive resorts in the world, including new destinations for Hyatt such as Acapulco, Curaao, the Canary Islands, Menorca and St. Martin.". If they rebrand a Diamond property it becomes a Hilton therefore no longer being available to us. 2. This will be complicated! Make sure you say that you saw this message via ''Red Week''. That will include a centralized call center for all members to make reservations through Hilton, new travel packages that incorporate HGV and Diamond properties, new sales presentations for prospective buyers, new upgrade offers for existing members, etc. Aug 15 (Reuters) - U.S. hotel operator Hyatt Hotels Corp (H.N) said on Sunday it entered a deal to buy resort company Apple Leisure Group from its private-equity owner KKR & Co (KKR.N) and travel-and-leisure specialist KSL Capital Partners for $2.7 billion in cash. Love Hyatt, but had high hopes for a different acquisition. Hilton will be the 5th owner of that property since I bought it 17 years ago! I feel like I was sucker punched during my owner's update. Apple Leisure Groups portfolio has exploded from nine resorts in 2007 to approximately 100 properties by the end of 2021, and there is an additional pipeline of 24 executed deals with a large number of additional hotels in development. Hyatt is doubling its global resorts footprint through the addition of ALG's AMR Collection brand portfolio, which comprises approximately 100 hotels and resorts operating in 10 countries, as well as a pipeline of 24 executed deals in the Americas and Europe. -Sunscape: budget family-friendly. Hyatt and ALG have highly complementary brand portfolios and share a deep commitment to colleague and guest experiences focused on care, Mark Hoplamazian, Hyatts president and chief executive officer, said in a statement. Slow down. Find the right card for you. The presentation is just a sales pitch so they can get paid. We are in the same boat. The prices are high-end, too; at Zoetry boutique properties, the average daily rate (ADR) is $400 a night. Send tips to Clint.Henderson@thepointsguy.com. Brand dilution. The . What do you make of Hyatts acquisition of Apple Leisure Group? We also went to the presentation because nothing in the account said Hilton. Opinions expressed here are the authors alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. Tucked away on the secluded coastline of Conejos Bay, Secrets Huatulco Resort & Spa offers the ultimate escape for serenity and romance. We attended the presentation by HGV last night in Chandler AZ to learn how the acquisition would affect our interests - we expected a diminuation of our points but no way did we expect Hilton to expect us to pay $60,000 to bring us into the Hilton family - for our timeshare we have owned for nearly 30 years!!! Well just before year end an offer came in and it was very low. Hyatt has been a travel agent friendly brand and now they just bought access to all those travel agents selling leisure travel through ALG. Not an easy task. The $2.7 billion cash deal is expected to close in the fourth quarter of this year. We are going to wait to the beginning of the year and see what they do. My husband then got very upset and said, why didnt they offer this to begin with.? All-Inclusive is meh, but these are not luxury hotels. Had my owner's update in Feb 22. As new timeshare products become available, Hilton has hinted at a tight integration between the two vacation clubs. Jeff is a California-based journalist who has covered California, Congress, and the White House. I think a class action will probably come, but still a little early right now, maybe next year. I spoke to my buddy tonight and he owns a Wyndham timeshare. So option 3 was the only viable option at the time for me. + Get 15,000 Hilton Honors Points. Tucked on the foothills of the Great Smoky Mountains, Bent Creek Golf Village provides a relaxing retreat in Gatlinburg, Tennessee. Having first entered the fast-growing luxury all-inclusive space in 2013, we are ideally positioned to capture the significant and rising demand for leisure travel and extend the world-class hospitality we provide to a wide range of new travellers, he continued. It is a HUGE step for Hyatt because many of these properties are all inclusive resorts at great locations. Recently was told that Diamond properties would be refurbished by Hilton. Hyatt hired competent professionals assessing/reviewing these deals. ALG is fundamentally an asset-light business with no hotel ownership, aligning perfectly with our strategic goals, said Hoplamazian. I have stayed at several Hyatt Ziva's and had wonderful experiences (especially the Hyatt Ziva Cap Cana). I told them no as well and asked if I was going to be the trouble child by not paying an additional $16K and joining the HGV program and how would I access trades without the HGV program (you don't do the upgrade, you don't get HGV). They cannot sell more points than they can occupy. A few days later they called again and you automatically go on hold was waiting over 45 minutes and when the person answered they hung up immediately. Orlando. Best wishes to all going through this buyout! By the way, your comment about CheapCarribean.com shows you ignorance. By the way, your comment about CheapCarribean.com shows you ignorance. Meanwhile, WoH members dont see a reasonable benefit imho. I have been approached by PEMEX to buy my 30K Diamond points. During the trip following, my husband decided to attend another of their "meetings" and they explained that we needed to put in another $10K to ultimately save on maintenance fees. Outside of banner ads published through the Boarding Area network, this compensation does not impact how and where products appear on this site. The comments on this page have not been provided, reviewed, approved or otherwise endorsed by any advertiser, and it is not an advertiser's responsibility to ensure posts and/or questions are answered. Really opened my eyes into this segment of resorts (aside from The Excellence, Just got back from an unlimited luxury stay at Secrets Maroma (seemed like a good burn of sapphire points, last-min getaway). One of the most notable changes is that Hilton has adjusted ClubPoint values to be 160% higher than before. Since I arrive i told the sales lady ,we aren't spendding no more money. Now the company has spent more than five times as much on Apple Leisure Group. Because that is a lot of additional money - I already own a deeded week and paid that much for 9000 points. It's proven its resiliency and durability, said Mark Hoplamazian, president and CEO of Hyatt, on an investor call this morning. Lasting vacation memories. The high-end of the pricing of what I'm seeing in some destinations is a Planet Hollywood property that's all-inclusive. Soak up the sun. I own (have a deed) for a Diamond Resort property in Florida. Have they not been welcoming to LGBTQ couples, or? Pritzkers lose interest and Hyatt will be gone (acquired) - regardless of any acquisitions. There's no shortage of places to stay with our wide collection of Florida timeshare resorts, where you'll feel at home with . We left without signing anything and Im very confused on what to do next.. I am not excited by this at all but if its makes some money for Hyatt, good for them. ), One cant help but wonder the long-term impact on World of Hyatt for acquisitions like these, especially since theyre largely going after those who book package holidays; presumably these hotels have a lower fee structure and feel that they dont need to offer as many rewards, since that might not be what motivates people to book one of these properties. Leave your cares behind. All and all I eventually added it all up and the amount we had invested was astounding! This assesment could help educate you into making the right decision. Try calling any of the other numbers and getting a number for that departmentit is non-existent and no one will give it to you or if they do it's an invalid number. I've been to Dreams for a friends wedding. We are Gold members of Diamond and made the horrible mistake of paying the fees to to include Hilton HGVC. Youll find all the comforts of home while enjoying the resorts amenities, including an outdoor pool and hot tub, childrens pool and fitness center. OR the sales staff is just using a high pressure scare tactic! The US hotel group said in a statement Sunday that it has agreed to buy luxury resorts operator Apple Leisure Group from private equity firms KKR and KSL Capital Partners for $2.7 billion. ALG has resorts listed in Article secrets, dreams, breathless and more with partners. When the transition is complete, HGV's management team, headed by CEO Mark Wang, will run the combined company. Advertiser Disclosure: Some links to credit cards and other products on this website will earn an affiliate commission. $1,899 Per Stay. I believe Hilton has screwed all of its current club members!!! Finest and Beloved are excellent (no pun intended) value and its a trip i like to make every year. To get access to use Diamond properties, they want another $20K membership. The high-end of the pricing of what I'm seeing in some destinations is a Planet Hollywood property that's all-inclusive. We got suckered into these timeshares as well. Once we pay off the loan can we sell it back. My only question is can we legally do something about this? I am sure a lot of you are affected by this and wondering if there is a legal action against Diamond/Hilton is in the offing. I'm not overly excited about this news but there are probably some interesting hotels hidden in the portfolio in Spain that might come in useful. Secrets Akumal Riviera Maya in Mexico. This is very exciting as it is going to flip the script. They were nice, and told me they would try to sell it. Warning: This site requires Javascript to function properly. I am not this one. @ Julia -- Did I, or anyone else, say that this was a bad investment? Presentations will tell members that they have to buy in to use the Hilton properties and benefits and at huge prices.

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