Too bad they are so greedy. Well explain what is changing and what these changes mean for you. No one will buy something they should get for free. For others, its probably quite a bit less exciting. Shameful! If anyone on this forum hears of a class action, count me in. And they are still trying to sell new membership when the sales staff clearly have no clue what is happening! ALGs portfolio includes over 33,000 rooms operating in 10 countries. I love Motel1 in Europe and they have been expanding at a fast clip. Our current maintenance fees for the gold level our $6500. It is based on a 100,000 dollar a year income. If the past acquisitions by Hyatt are any indication, this translates to 100+ more Category 7 or 8 properties that Ill never stay at. He and Gary L should pair up. They lost a discrimination suit in 2004 and were forced to accept gay and lesbian couples as guests. -Dreams: upscale family-friendly So, whats the rationale? They are offering us 4.25 a point. Would absolutely love if they bought it but not sure I would want it to be rebranded to Canopy. Check here before booking an award fare. Tucked away on the secluded coastline of Conejos Bay, Secrets Huatulco Resort & Spa offers the ultimate escape for serenity and romance. A year from now, or so, all vestiges of Diamond Resorts will likely disappear from marquees and lobbies as HGV absorbs Diamond resorts and rebrands them as part of a new Hilton entity, called Hilton Vacation Club. They only take Hilton Honors Points and refuse our HGVC owner club points. After I got upset and said it criminal my sales associate disappeared, and he manager offered us the same membership for 30k . I am curious to see how Hyatt prices this properties with regards to points. By adjusting the value of ClubPoints, the numbers more easily map to the points values used by Diamond Resorts. The $2.7 billion cash deal is expected to close in the fourth quarter of this year. This is an update to note that this agreement has now been finalized, and we have more of a sense of when World of Hyatt members can expect to benefit from this. 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 . Compare the cost in points or miles to cash, and see which option is best. Are resorts charging owners fees for COVID? I got a call from a Diamond person asking me to buy more points so I could opt into HGV max as a premier plus member. If you do a Class Action or anything to get our money back please let me know. Lasting vacation memories. It operates under the names Apple Vacations brands, CheapCaribbean.com and others. Whopping changes are ahead for members of both clubs, but none will surface until after the deal is closed, and approved by regulators, this summer. According to Diamond CEO Mike Flaskey, HGV will also incorporate Diamond's "events and concerts platform" to deliver expanded vacation opportunities to owners. Once we pay off the loan can we sell it back. Its recommended to use a Licensed, Bonded, and Insured closing company. Their footprint in Europe is still minuscule. It seems unless we spend more money we will have less to choose from. I have a deed at Lake Tahoe Vacation Resort but use Diamond points. Begin typing your search above and press return to search. Something don't add up. My application got rejected because of unpaid maintenance fees. Meanwhile, WoH members dont see a reasonable benefit imho. By the way, your comment about CheapCarribean.com shows you ignorance. By the way, your comment about CheapCarribean.com shows you ignorance. For example, if you own a 1 Bedroom Grand at Elara in Gold season, you would have previously received 5,000 ClubPoints annually. My husband started having health problems and we were not able use the HGV! Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company offering 20 premier brands. -Secrets: luxury adult-only romantic So we took a huge loss basically got $5,000 just to get out of the deed. The hotel company hassecured a $1.7 billion financing commitment from J.P. Morgan. Our team of experts are ready to answer your questions about timesharing and the timeshare industry. Not much. We are Gold members of Diamond and made the horrible mistake of paying the fees to to include Hilton HGVC. The real question is, will Hyatt be entering this market as a player or will they remain in the hotel business and break up ALG to pieces. Orlando. 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. Has anyone sold their Polo towers? As its described, heres what Hyatt is hoping to gain by acquiring ALG: Heres how Hyatt CEO Mark Hoplamazian described the acquisition when it was first announced: With the asset-light acquisition of Apple Leisure Group, we are thrilled to bring a highly desirable independent resort management platform into the Hyatt family. 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. I have no intention of joining HGV. To get access to use Diamond properties, they want another $20K membership. It was more like $35K. How are timeshare brands dealing with the pandemic? This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). I agree with everyone that they are going to try to squeeze us out, but one thing we all have are % deeds in those proprieties, I don't see how they can sell them, if we own them? The logic given was incomprehensible, as usual. ALG also has over a dozen subsidiaries, including Apple Vacations, CheapCaribbean.com, Southwest Vacations, United Vacations, Unlimited Vacation Club, and more. They tell me I must decide by December 6th but cannot reach a dang soul. I dread the day that I have to make a reservation. Also, we thought the hard timeshare sales tactics of badmouthing the competition and making an offer contingent on your accepting it immediately were a thing of the past.! 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. People are being really funny when accusing Ben of not understanding how expensive or exclusive this or that all-inclusive property is. Maybe they see the Covid writing on the wall for cruise lines and know that all-inclusive vacations will appeal to that customer. This acquisition will be very successful for them. is the managing editor for news at TPG. HowwillHiltonbuyingDiamondaffectownersofbothclubs. Well the irony for me in this announcement, and the subsequent OMAAT article, its unreal. These are not the Royalton properties under the Marriott umbrella. Hilton will never see a dime of my money with this strong arm tactic. + Get 15,000 Hilton Honors Points. Interval International has over 2,500 resorts in over 80 countries around the world that are part of their exchange program. I'm not sure the properties are even worth the annual maintenance fees let alone the additional buy in $ they want1. 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. I saw Hilton Grand Vacations just agreed to buy Diamond Resorts. I am paying roughly $1,894.12 per year for maintenance. Nothing wrong with that, of course, but if that's the most premium property, and we're calling this an acquisition of "luxury resorts," maybe you can see where my skepticism comes from? But sometime down the road, the two clubs are likely to be combined under one roof named Hilton with all the brand-name benefits that Hilton Grand Vacations (HGV) already provides existing owners. But. But at that point I did not want to pay any more maintenance dues. So option 3 was the only viable option at the time for me. This gives members the ability to earn and redeem points at all kinds of new properties. Hyatt expects to sell $3.5 billion of hotel real estate over the next three years, including $1.5 billion worth of properties this year. They tell me we have to upgrade, ( purchase another property) or we will never be eligible, even though we already own 2 properties. What do you make of Hyatts acquisition of Apple Leisure Group? They bought a whole new business model. What's the big picture impact of this transaction and, more importantly, what does it mean for owners of both timeshare companies? We were encouraged to attend a presentation and I was interested in hearing about the acquisition, being Diamond owners. Anyone have a firm who shows interest? This is huge for Hyatt leisure travellers, espcially those with families. Designed for travelers seeking casual comforts and simple pleasures, where custom meets convenience and living well is effortlesswe set the stage for memory-making moments. They sold the Diamond acquisition as something we would have access to last year. Find the right card for you. One of Diamond Resorts' flagship properties, Mystic Dunes Resort features an on-site golf course and restaurant. They were nice, and told me they would try to sell it. Honest question -- how much cheaper can all-inclusives get? Hyatt adds that it is determining ways in which the World of Hyatt loyalty program and ALGs Unlimited Vacation Club can bring added value and unique loyalty benefits to their respective member bases when integrates the AMR Collection into World of Hyatt in 2022. We will love to be part of the class action suit. It was terrible stay, very slow service and seems unable to live up to 4 or 5 star reputation. Hyatt Hotels has completed its acquisition of Apple Leisure Group, adding roughly 100 hotels and resorts to the Hyatt portfolio, including popular all-inclusive properties from brands like Secrets Resorts and Spas and Dreams Resorts and Spas. We were told that, if we didnt upgrade to HGVC, wed be left with shrinking inventory and rising maintenance fees. Bens generally biased against all-inclusive (which is a great option for aspirational middle class consumers, in particular.) I don't care for all-inclusive properties, so I won't be interested in most of these properties. This was this past year. Youll find all the comforts of home while enjoying the resorts amenities, including an outdoor pool and hot tub, childrens pool and fitness center. ALG has now been purchased for $2.7 billion in cash from KKR and KSL Capital Partners. It's a world where, in times of economic crisis, the toughest survive. This assesment could help educate you into making the right decision. I planned to use the reminder of my Choice points for booking one of those properties in Mexico or Jamaica. The customer is still right, and we still have choices. 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. It is always stressful. We are in the same boat. Slow down. Why are diamond fees more than double that? This is a very unfair deal and we were all kept in the dark by Diamond resorts and now Hilton's grand scam is being unveiled. Ehhh. Is it even worth paying for it or letting it go, the maintenance fees is no joke. Editorial Disclosure: The editorial content on this page is not provided by any entity mentioned herein. Outside of banner ads published through the Boarding Area network, this compensation does not impact how and where products appear on this site. I wonder if Hyatt is going to rebrand most/all these all inclusives to Zivas or Zilaras. By 2019, the split had shifted to 57% fee-based earnings. Resorts across all companies have had issues with this in Jamaica for a while, but Secrets has had no issues as a brand as far as I know of. They do use other sales offices, you just cant do it. In the meantime, Diamond owners who have purchased Getaway or Sampler packages should pursue reservations through Diamond's existing reservations system. Distinctive Hilton service. -Breathless: luxury adult-only social Should not our contacts be canceled and money returned? The AMR Collection checks that box, specializing in unlimited luxury all-inclusive experiences like gourmet a la carte dining and many amenities and perks usually not associated with all-inclusive resorts. This seems like a quick fix for Hyatt Marketing to squawk about. This integration is now almost complete. 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!!! Secrets Mallorca Villamil Resort & Spa now joins the Hyatt portfolio, SUNSHINE STATE SEES STARS: The Michelin Guide comes to Florida, SHANGHAI DISNEY SUDDENLY SHUT OVER COVID CASE. This is a big letdown because the one thing I don't like about Hyatt is its small footprint. I think a class action will probably come, but still a little early right now, maybe next year. Now there are dozens. I guess people are ignoring the elephant in the room. Terrible decision makers at HGVC. Any increase in Hyatt hotels in Mexico and the Caribbean is FANTASTIC. Over the years we upgraded to more points for $$s. The portfolio has grown at a fast pace, from nine resorts in 2007 to approximately 100 resorts by the end of 2021, with 24 more executed deals in the pipeline. Hyatt Hotels Corp. is acquiring Apple Leisure Group, which offers travel, hospitality and luxury-resort management services.The management of AMResorts properties, which includes the Dreams, Secrets, Breathless and Zotry brands, are part of the agreement. Does anyone know? @ Julia -- Did I, or anyone else, say that this was a bad investment? This merger doesn't sound like it was in any owner's favor even the Hilton owners. Of course it was nothing but a sales pitch. Today Hyatt Hotels Corporation announced that it is buying luxury resorts operator Apple Leisure Group (ALG) for $2.7 billion in cash. 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. ), 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. I spoke to my buddy tonight and he owns a Wyndham timeshare. It is hard to trust anyone now.. Like all of you, I was cohersted into signing the contract. Plus, your own feed of TPG content. Theres nothing cheap about what they sell. RedWeek, Inc. is a Registered Seller of Travel in the following states: Oct 22, 2021 (edited), Apr 05, 2022 (edited), Jun 11, 2022 (edited), Jun 15, 2022 (edited), Dec 05, 2022 (edited), Jan 05, 2023 (edited), Jan 18, 2023 (edited), Feb 19, 2023 (edited). So I went, and found out that I was actually signing another contract to join Hilton Grand Vacations, I did not know this at the time. The ultra-luxury all-inclusive Dreams Resorts chain is coming under the Hyatt banner. Well just before year end an offer came in and it was very low. I will be researching the best way to unload this timeshare! Are you looking at the right group, Ben? How can the owners unite and take the power back over from them and get the maintenance fee to where it needs to be? 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. I think I am paying for Disney Vacation $450 per year. Many of our features might not work. ALG is one of, if not the largest travel industry wholesalers in the world. At the same time, industry execs were fielding (and repeating) rumors that Diamond was simultaneously in talks with Wyndham about a potential purchase or buyout. This is no way to transition the loyal Diamond members who have acted in good faith and had no say in the process. Aren't all of the Ziva/Zilara properties owned/run by Playa Resorts? Maintenance should also be lowered because the community of properties are a smaller selection. 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. Each Four or Five Diamond-rated resort had to undergo inspections to meet high standards in . They are far more knowledgeable than armchair commenters and travel bloggers who believe they know better how to run a Hotel group. I wasn't a fan either of all inclusives. One of Diamond Resorts flagship properties, Mystic Dunes Resort features an on-site golf course and restaurant. As long as they think Hyatt can afford it, Hyatt can. Hyatt Hotels has completed its previously announced deal to acquire leading luxury resort-management services, travel, and hospitality group Apple Leisure Group (ALG), which will notably enable the hotel company to double its global resorts footprint through the addition of ALG's AMR Collection brand portfolio, comprising approximately 100 hotels Ben's "meh" headline was kinda "meh". This news may have a significant impact on owners of both clubs. I'll check back later. 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. My thought is I am going to just sit tight and see what else they offer - this honestly can't be it. They are pressuring us to buy as well and Im refusing. When you stay at Flamingo Beach Resort, you will have all of this, and more. In biblical terms, hire a David to slay these Goliaths who don't care about consumers. your thoughts? In addition, Hyatt is offering more options and experiences for its high-end guest and customer base and enhancing the end-to-end leisure travel experience through: Unlimited Vacation Club by AMR Collection, an exclusive membership club whose members enjoy preferred rates and other benefits at participating AMR Collection properties, ALG Vacations, one of the largest packaged vacation providers and leisure travel distribution platforms in North America serving the United States, Mexico, and the Caribbean, and, Amstar, a leading destination services management company Trisept Solutions, a unique leisure travel technology platform. 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. I am a Diamond owner at Polo Towers, week 52, 2 bedroom 2 bath. The answer was yes, you no longer can bank with interval (even if you have a membership on your own with interval international, Hilton only uses RCI) and you have to use Diamond's crappy Destination Flex program (which I never use because it is not user friendly). 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. I wish they would add more European regular hotels though. I'd go there in a heartbeat on points if I could. Appeal to a new type of customer? Just hope services, etc will be better. All-Inclusive is meh, but these are not luxury hotels. This will greatly expand Hyatts footprint in the all-inclusive resort market, especially in the Caribbean, Mexico, and Europe. Beautiful white sand, sparkling blue waters, sunny skies where else can you find all of this but in Saint Martin/Saint Maarten in the Caribbean? How will Hilton buying Diamond affect owners of both clubs? We travel to explore new places, eat delicious local foods and explore, all of these are generally harder with all-inclusive properties. Currently, Choice Hotel points can be used to book this very same properties, usually ranging between 40k and 60k hotel points. I have paid enough to this timeshare crap. My husband then got very upset and said, why didnt they offer this to begin with.? Polo Towers/ The Club paid for & deeded owners is higher annual maintenance fees. The $4.7 billion acquisition of ILG's shares, due to close by the end of the year, adds 250,000 more owners to the Marriott network as it assimilates the owners, assets, and 40 resorts held by the Westin, Sheraton, and Hyatt timeshare chains, Interval's vast exchange network, the VRI management company, the Aston hotel chain (primarily in Makes Hyatt feel less desirable to me. It appears to real and not a scam but I remain concerned. Make sure you say that you saw this message via ''Red Week''. A few thoughts: Hyatt has completed its acquisition of Apple Leisure Group, which is Hyatts biggest acquisition yet. Nothing good will come from it for those of us that own with paid off memberships. Being denied the right of use in any contract is a breach of the original contract . While we do try to list all the best miles and points deals, the site does not include all card companies or credit card offers available in the marketplace. Settle in for a quiet escape, splash in the surf with the kids or rediscover the child in you on a Sunshine State adventure. Javier - that is my question as well. Hyatt Hotels Corporation , headquartered in Chicago , is a leading global hospitality company offering 20 premier brands. He also has roots in Silicon Valley, where he directed public relations and marketing programs for high-tech companies. 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. We would like to sell all of this within the next two years but where and how? 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. Now that HGV purchased Diamond we are being told by their sales staff that we now have to upgrade to Hilton HGV Max by paying an additional $20k in order to access to Hilton properties are else we will be only limited to Diamond's diminishing properties under their US collection. If you love water sports, you can go windsurfing, swimming and snorkeling. The costs for employing a closing company for holding escrow, performing title search, rewriting the deed, recording the deed and executing resort specific transfer documents. In the near future, I'm guessing that HGV will only drag us diamond owners thru the mud a few more times before it's all said and done!!!
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