Even after upgrading less than a year ago. HGVC and Diamond owners alike should push back hard on this. Tell them what you think!!!!! I own properties in both Hilton (Las Vegas) and Diamond (LakeTahoe). I went solo last year to Secrets the Vine in Cancun and ocean skinny dipped with a gay gentleman from Texas and a 60-something lady who was there with a girlfriend. All-inclusive resorts you can book with points - The Points Guy I am excited to see how all of this unfolds. I wonder if Hilton will dramatically increase my value and if I could sell it in the future for more than is offered now. 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. Basically the timeshare although we were always told its not a timeshare because you own a part of it! My name is Mike Schultz, if you would like more information on how to relinquish your rights with the company or at least obtaining a free assesment, or to have more information on how much is your contract worth in todays market give me a call 872-266-2666 ext. We have updated all of the points charts on our website to reflect the new point values. I saw Hilton Grand Vacations just agreed to buy Diamond Resorts. I would advise everyone to seek counsel and start a lawsuit. 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. 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. 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. Has anyone sold their Polo towers? Thank you all for your comments. Are you looking at the right group, Ben? This news may have a significant impact on owners of both clubs. Think of it this way, before yesterday Hyatt had 100 less properties than they do today. The Hilton Grand Vacations team initially floated the idea last October of an all-stock acquisition of Diamond Resorts at an equity value of $840 million, according to a recent filing with the. 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). What a lousy letdown - the place was anything but relaxing but instead, an adult day care with cheap and cheesy amenities to say the least. Leave your cares behind. Both Hilton and Diamond are trying to screw the owners out of another $20K. Hyatt buying Apple Leisure Group for $2.7 billion. 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. It's proven its resiliency and durability, said Mark Hoplamazian, president and CEO of Hyatt, on an investor call this morning. They cannot sell more points than they can occupy. Ben's "meh" headline was kinda "meh". Feel bad for friend who have wedding there and spent thousands but not getting what she pay for. Any increase in Hyatt hotels in Mexico and the Caribbean is FANTASTIC. I bought into Diamond Resort and then the Hilton because the salesperson said we could sell it and or rent it out. I think Ben is correct, I would never stay at an all inclusive resort either, ( remembering Club Med ) hes merely pointing out a new business acquisition which in itself is great news. Hilton will be the 5th owner of that property since I bought it 17 years ago! Otherwise i will not have access to Hilton properties and some Diamond properties that do not meet Hilton standards will be closed. 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. Hilton will never see a dime of my money with this strong arm tactic. We just spent a week at Beachwoods Resort in Kitty Hawk, NC. I've been waiting to hear something about opting in. 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). All the paperwork is under Diamond but she keep saying that we where Hilton. I stayed at Zotry Paraiso de la Bonita Riviera Maya last May. 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. This merger should have just expanded the placed you could go, but instead turned into a money grab from the timeshare crooks. I wonder if Hyatt is going to rebrand most/all these all inclusives to Zivas or Zilaras. Is it even worth paying for it or letting it go, the maintenance fees is no joke. The addition of ALGs properties will immediately double Hyatts global resorts footprint. We did our presentation this morning. At which point, we backed out of the deal. My husband and I owned HGV for more than 10 years. 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. Worse move we ever made. We are new to this and I have no clue what to do. Secrets is NOT couples only, its just a focus. Our current maintenance fees for the gold level our $6500. This sounds like a fantastic upgrade opportunity for quality Diamond Resort owners. Click the following link if youre looking for Hilton Grand Vacations resales. we owned deeded weeks 51 and 52 and another 52 , 3 weeks at parkway international resort for the last 32 years and its had several owners, every time they say it needs a major facelift and you know what goes along with that, our money out the window, i cant take it any more, i could have bought a mansion for the money those trumps and trillionaires have raped me for. Bottom line. is the managing editor for news at TPG. Something don't add up. Adding this with my initial investment this is crazy. I am a Diamond silver owner and I just went through a Hilton Update presentation. Had my owner's update in Feb 22. It would have been easy to figure out what our Diamond points are worth in HGVC and moved them over. On paper, the HGV buyout of Diamond appears to be a big win for HGV and a muddled ending for Diamond, which was bought by Apollo Global Management (an investment fund) in 2016 for $2.2 billion. If so please reach out to me as I too would like to seek legal justice in this matter. I own (have a deed) for a Diamond Resort property in Florida. 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.) World of Hyatt's top all-inclusive contenders. There are a ton of very amazing properties here. ALGs portfolio of luxury brands, leadership in the all-inclusive segment and large pipeline of new resorts will extend our reach in existing and new markets, including in Europe, and further accelerate our industry-leading net rooms growth. No thanks, as Im a 100% leisure traveler. 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. The acquisition comprises 33,000 hotel rooms in 10 countries, making Hyatt the worlds largest operator of luxury all-inclusive resorts based on room count and the largest operator of luxury hotels in Mexico and the Caribbean. I have been trying to call people and fill out forms to have people call me for more information. They are one of the best sources of luxury resort packages. Leisure travel appeals to all income levels, so if you want to get big in leisure travel, it cant be all 100% super luxury. Not much. Compare the cost in points or miles to cash, and see which option is best. So, whats the rationale? As for the cost Hyatts money structure is completely different from most other public companies due to the Pritzkers. The success of the buyout hinges on the following projections from HGV, including $125 million in "cost synergies" achieved by reducing payroll and consolidating operations over two years. Hyatt didn't buy a hotel portfolio, they bought a tour and travel agent company. We strongly believe we can achieve more together said ALG president and CEO Alejandro Reynal, who will continue to lead ALG as a distinct business unit within Hyatt. Hyatt Hotels to Acquire Apple Leisure Group, Parent of AMResorts Check here before booking an award fare. Hyatt welcomes Dream Hotels, The Chatwal, and Unscripted Hotels brands. What's the big picture impact of this transaction and, more importantly, what does it mean for owners of both timeshare companies? I believe Hilton has screwed all of its current club members!!! Today marks the beginning of ALGs next chapter, in which we will continue to build on the strong loyalty and reputation we have established through our luxury travel brands and services, now as part of Hyatt. Was looking at wedding venues for a gay wedding in Mexico and read nothing but praise for the Secrets location we looked at (Playa Mujeres). I'm a gold member in diamond. We've been approached by a mexican company saying they represent Tickets travel company. HGVC Owner here. Would have loved for them to buy Excellence, its the only all-inclusive i will ever consider. Well Im not playing along. They are far more knowledgeable than armchair commenters and travel bloggers who believe they know better how to run a Hotel group. Hilton Grand Vacations Acquires Diamond Resorts - LoyaltyLobby 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. I would hope Hilton is large enough they are not trying to do this to previous owners. I turned both of them down. Didn't Secrete continually have issues with this? Check back for the latest news on the World of Hyatt expansion. Timeshare News: Hilton Grand Vacations To Acquire Diamond Resorts It was terrible stay, very slow service and seems unable to live up to 4 or 5 star reputation. And, he added, Id like to reiterate that this announcement will have no impact on how we do business with you. 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). Its just a marketing ploy. If the past acquisitions by Hyatt are any indication, this translates to 100+ more Category 7 or 8 properties that Ill never stay at. 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. This answer was provided by RedWeek contributor, Jeff Weir. Points have to logically work their way back to a fractional ownership. This is a big letdown because the one thing I don't like about Hyatt is its small footprint. 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 . Interval International has over 2,500 resorts in over 80 countries around the world that are part of their exchange program. 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 travelers., 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., Related: The 50 most popular World of Hyatt redemptions. 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? According to Hyatt, the company is currently working to determine how the World of Hyatt program and ALGs Unlimited Vacation Club properties can bring added value and unique loyalty benefits to their respective bases. The goal, the statement said, is for the integration to happen in 2022 so World of Hyatt members can start earning and redeeming points at more than 100 new properties through the program. Hyatt spent $2.7 billion acquiring Apple Leisure Group, and it's nice to see the group's 100+ all-inclusive properties increasingly being added to the World of Hyatt portfolio. In 2021, Hyatt acquired more than 100 all-inclusive resorts part of the AMR Collection. The resort is set on more than 600 acres and includes condo-style accommodations with full kitchens, living rooms, dining rooms and bathrooms. The deal has an announced purchase price of $480 million with the potential for an additional $120 million based on the final terms. 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. Stay connected with the latest travel, aviation, and credit card news. Press Esc to cancel. Experience the all-inclusive, adults-only Hyatt Vivid Hotels & Resorts. 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. Test your swing on one of the many nearby golf courses, soak up the seemingly endless sunshine or discover what makes Scottsdale an iconic desert destination. 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). The logic given was incomprehensible, as usual. For more TPG news delivered each morning to your inbox, sign up for our daily newsletter. Finest and Beloved are excellent (no pun intended) value and its a trip i like to make every year. We are so glad that we did. In mid-August 2021, Hyatt announced a major acquisition. ALG has resorts listed in Article secrets, dreams, breathless and more with partners. A friend recently stayed there and by her Snapchats and Instagram stories, it looked extremely upscale. Of course it was nothing but a sales pitch. Please view our advertising policy page for more information. ALG is fundamentally an asset-light business with no hotel ownership, aligning perfectly with our strategic goals, said Hoplamazian. Expansive Residential-Style Retreats Book Today, Plan Your Stay Hyatt Residence Club San Antonio, Wild Oak Ranch View Resort Details Need a Vacation? 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'll give some all-inclusive resorts a chance though since it's sometime nice to WORRY nothing but chill, eat, drink, and sleep. Currently, Choice Hotel points can be used to book this very same properties, usually ranging between 40k and 60k hotel points. Choose the Extraordinary Hilton Grand Vacations Club Members What a joke! Leisure travel has recovered more quickly than business travel. To get access to use Diamond properties, they want another $20K membership. At Selling Timeshares, Inc., Exchanging Marriott Vacation weeks through Interval International is a great way to get more out of an MVC membership. The first three are huge to me as they are a great portfolio of adult-only/targeted all-inclusives that are way outside of what most people would consider all-inclusive. In addition, theacquisitionwill also bring Hyatts brand into 11 new European markets. We got suckered into these timeshares as well. We travel to explore new places, eat delicious local foods and explore, all of these are generally harder with all-inclusive properties. Go look at the Zoetry in Isla Mujeres or the one in Riviera Maya and let me know if those are still "cheap" to you. Meanwhile, WoH members dont see a reasonable benefit imho. $1,899 Per Stay. They are offering us 4.25 a point. One, Some shocking numbers have been recently shared by the U.S. Travel Associations Project Time Off, in the 2017 report titled The State of the American Vacation. 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. Cash proceeds from the $2 billion asset sale programare expected to be usedto pay down debt, including debt incurred to fundthe acquisition. For those not familiar with ALG, its a company largely focused on selling package holidays, along with managing resorts in the Caribbean, Mexico, Europe, and beyond. Makes Hyatt feel less desirable to me. -Dreams: upscale family-friendly Your feedback is important in helping us keep our community safe. LEARN MORE Show more Nothing. We are going to wait to the beginning of the year and see what they do. It is based on double occupancy. But at that point I did not want to pay any more maintenance dues. Previously, there were only a few upscale/luxury all-inclusives you could use Hyatt points at. Well explain what is changing and what these changes mean for you. The ultra-luxury all-inclusive Dreams Resorts chain is coming under the Hyatt banner. I have stayed at several Hyatt Ziva's and had wonderful experiences (especially the Hyatt Ziva Cap Cana). The original Escondido resort location has grown over the years, encompassing 450 acres where there are two 18-hole golf courses, seven swimming pools, a fitness center, five recreation centers,. We left without signing anything and Im very confused on what to do next.. 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. All of this is very strange and seems not quite legal - Hilton buys all of Diamond unsold properties and we as owners no longer have access to them unless we buy in plus pay our annual maintenance fees? The companies provided no guidance on what happens to those pre-paid vacation packages after HGV completes the buyout of Diamond Resorts. Diamond's 92 leisure resorts and nearly 400,000 owners uniquely complement HGV's 62 upscale and luxury properties and over 325,000 owners, and the combination will create the premier vacation ownership company with the broadest offering in the industry. For consumers who like all-inclusive properties, this is great news. ALGs portfolio includes over 33,000 rooms operating in 10 countries. Are resorts charging owners fees for COVID? 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. Youll find all the comforts of home while enjoying the resorts amenities, including an outdoor pool and hot tub, childrens pool and fitness center. Marriott International is adding 19 Blue Diamond Resorts - Travel Weekly The acquisition of ALG fits well into Hyatts long-term strategy of flipping its business model to favor fee-based earnings. We were told that, if we didnt upgrade to HGVC, wed be left with shrinking inventory and rising maintenance fees. See more about our ethics policies here. According to Diamond CEO Mike Flaskey, HGV will also incorporate Diamond's "events and concerts platform" to deliver expanded vacation opportunities to owners. Maybe they see the Covid writing on the wall for cruise lines and know that all-inclusive vacations will appeal to To play devil's advocate, maybe that's the point? They didn't just buy AM Resorts. Not sure I like this. 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!!! Just got back from an unlimited luxury stay at Secrets Maroma (seemed like a good burn of sapphire points, last-min getaway). Maybe they see the Covid writing on the wall for cruise lines and know that all-inclusive vacations will appeal to that customer. @Christian (and Ben), Sandals was structurally homophobic in the past (as were all such resorts). For an explanation of our Advertising Policy, visit. And now HGV has made the biggest adjustment of all, buying Diamond, the largest independent timeshare company, to its portfolio. To play devil's advocate, maybe that's the point? When you stay at Flamingo Beach Resort, you will have all of this, and more. Opinions expressed here are the authors alone, and have not been reviewed, approved or otherwise endorsed by any of these entities. They tell me I must decide by December 6th but cannot reach a dang soul. Hyatt Buys High-End Chain To Help It Compete With Hotel Giants - Forbes LEARN MORE. If anyone on this forum hears of a class action, count me in. 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. Please download an updated and supported browser . In 2009, 63% of Hyatts earnings came from owned and leased properties, with fee-based earnings making up the remaining 37%. As long as they think Hyatt can afford it, Hyatt can. He worked in TV news for 20 years, including stints at ABC, MSNBC and Fox, before landing his dream job. Too bad they are so greedy. That industry won't be the same for years or decades, these types of hotels will appeal to someone unwilling to get on a cruise ship and risk the Coronavirus-Norovirus roulette but still want that type of vacation.
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