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Many people love their Ziva/Zilara all inclusive resorts. I would hope Hilton is large enough they are not trying to do this to previous owners. Leisure travel appeals to all income levels, so if you want to get big in leisure travel, it cant be all 100% super luxury. The customer is still right, and we still have choices. I'm thoroughly pissed off at HGVC. There's no shortage of places to stay with our wide collection of Florida timeshare resorts, where you'll feel at home with . to all of you! I would guess they would have some objections to using the same branding for these "new" properties, particularly since some are going to be directly competing with existing Ziva/Zilara properties. 4 Days/3 Nights $199 Per Stay + Get 25,000 Hilton Honors Points LEARN MORE Share Your Vacation Moments With #myHGV The Hilton Grand Vacations Difference A proud legacy. How are timeshare brands dealing with the pandemic? 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. Each Four or Five Diamond-rated resort had to undergo inspections to meet high standards in . She did good and we feel for it. The companies provided no guidance on what happens to those pre-paid vacation packages after HGV completes the buyout of Diamond Resorts. Great for short trips with affordable pricing in great central locations. Explore Vacation Ownership | Hilton Grand Vacations This change will begin with the following 5 Diamond Resorts: If youd like to get more information regarding how this integration will affect you on the resale market, please feel free to fill out a contact form. The HGV Max program will fail. We will love to be part of the class action suit. I would join the class action lawsuit. Press Esc to cancel. I am Diamond member since 2007 and last year even upgraded to a platinum membership status. 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. Hilton will be the 5th owner of that property since I bought it 17 years ago! I'm not particularly excited about Hyatt being 'asset-light' - that means they will have less and less skin in the game, and their whole thing becomes a marketing/booking service. Hyatt senior vice president of loyalty, brand marketing and consumer insights Amy Weinberg told TPG: Hyatt, in a press release announcing the news, said, Whether youre planning a rejuvenating wellness break, time to relax for two, some quality family time or the ultimate destination wedding, the planned addition of these new resorts to Hyatts existing collection of 1,000+ hotels will give you even more memory-making options., Related: A complete guide to Hyatt Hotels. Looking forward to seeing what Hyatt does here. For Diamond owners, that should be an upgrade, according to the industry experts who talked to us about Hilton's buyout of Diamond. We got suckered into these timeshares as well. Would absolutely love if they bought it but not sure I would want it to be rebranded to Canopy. These places are NOT luxury. This is equal to $270.59 cents per night based on a seven night stay. 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. This is no way to transition the loyal Diamond members who have acted in good faith and had no say in the process. And, he added, Id like to reiterate that this announcement will have no impact on how we do business with you. Sharon. I am curious to see how Hyatt prices this properties with regards to points. As I said at the time, this acquisition is likely to be quite polarizing, with some consumers being super excited, and others being totally indifferent. For an explanation of our Advertising Policy, visit. Theres nothing cheap about what they sell. Just got back from an unlimited luxury stay at Secrets Maroma (seemed like a good burn of sapphire points, last-min getaway). Make sure you say that you saw this message via ''Red Week''. I am a Diamond owner at Polo Towers, week 52, 2 bedroom 2 bath. Javier - that is my question as well. Find your perfect Southwestern escape at Scottsdale Villa Mirage, comfortably set in the scenic Arizona landscape and distinctively decorated with traditional desert charm. My thought is I am going to just sit tight and see what else they offer - this honestly can't be it. 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). This assesment could help educate you into making the right decision. 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. My husband and I owned HGV for more than 10 years. I have stayed at several Hyatt Ziva's and had wonderful experiences (especially the Hyatt Ziva Cap Cana). This merger should have just expanded the placed you could go, but instead turned into a money grab from the timeshare crooks. He and Gary L should pair up. Why Hilton Grand Vacations Upped the Bid in $1.4 Billion Timeshare Takeover 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). Have they not been welcoming to LGBTQ couples, or? "Over time, we will provide additional details on how these two clubs might function together," HGV said in response to our questions. While I love traveling to Europe and get very excited when Hyatt adds hotels in Italy or France, getting a long list of high quality all inclusive resorts available for points would get most Hyatt members excited. The $2.7 billion cash deal is expected to close in the fourth quarter of this year. Do you have a list of all ALG's properties? Secrets, Zoetry & Sunscape properties were bookable using Choice Hotel points for between 40k-60k points per night. I turned both of them down. Hi we just had a sales pitch from HIlton ( we are diamond resort owners since 2005) and they wanted $68k to switch to Hilton max . What a joke! Then I read somewhere that Hilton wont accept sales made through the timeshare companies and that sales had to go through Hilton resale department. Leisure travel has recovered more quickly than business travel. Hyatt buying Apple Leisure Group for $2.7 billion. One of the most notable changes is that Hilton has adjusted ClubPoint values to be 160% higher than before. So option 3 was the only viable option at the time for me. Hyatt Hotels to Acquire Apple Leisure Group, Parent of AMResorts This is a big letdown because the one thing I don't like about Hyatt is its small footprint. ), 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. In August, The Wall Street Journal reported that the deal would cost Hyatt roughly $2.7 billion in cash plus some debt. My husband started having health problems and we were not able use the HGV! 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. Basically the timeshare although we were always told its not a timeshare because you own a part of it! ALG is continuing to operatevery similarly to the way it did before the combination. What have we gotten from that? We've been approached by a mexican company saying they represent Tickets travel company. 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. 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. It's a world where, in times of economic crisis, the toughest survive. At the moment no details have been officially released by Hilton. Tucked on the foothills of the Great Smoky Mountains, Bent Creek Golf Village provides a relaxing retreat in Gatlinburg, Tennessee. Improve earnings, maximize rewards and track progress toward dream trips. All they want is money. Cash proceeds from the $2 billion asset sale programare expected to be usedto pay down debt, including debt incurred to fundthe acquisition. If it's so bad, go be loyal to Marriott. World Of Hyatt Adds 100+ All-Inclusive Resorts, New Award Chart Hyatts acquisition of ALG represents a brand-defining moment in our more than 60-year history and builds on our legacy as a hospitality leader, said Hyatt president and CEO Mark Hoplamazian, president, adding, Hyatt and ALG have highly complementary brand portfolios and share a deep commitment to colleague and guest experiences focused on care. In particular, Hyatt will gain 40 properties in Spain and three in Greece. Oh and second real life example all the crappy Hyatt properties that still 'can't serve Globalists breakfast because Covid.' I am not going to sign up. We also went to the presentation because nothing in the account said Hilton. Hilton Grand Vacations To Acquire Diamond Resorts - Quick Facts 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. ALG is fundamentally an asset-light business with no hotel ownership, aligning perfectly with our strategic goals, said Hoplamazian. Will Americans New York To Doha Route Survive? Presentations will tell members that they have to buy in to use the Hilton properties and benefits and at huge prices. Increase in Brand value and footprint, yes! Florida Timeshare Vacation Resorts | Hilton Grand Vacations 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 hope you can provide me with some comments. HowwillHiltonbuyingDiamondaffectownersofbothclubs. 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. Then when hotel operators decide they're going rogue, there won't be much Hyatt can do about it. Many of our features might not work. I'm seeing all-inclusive resorts for well under $100 per person per day. No one gives you any answers. We're excited about luxury in particular because we expect the global luxury travel market to grow at about 11% from 2021 to 2027.. This answer was provided by RedWeek contributor, Jeff Weir. Choose the Extraordinary Hilton Grand Vacations Club Members We just spent a week at Beachwoods Resort in Kitty Hawk, NC. 2) I am not a big fan of all inclusive either, but it is a big segment. owning time share properties is very stressful. I think a class action will probably come, but still a little early right now, maybe next year. Just imagine spending a week or longer just lying around on the beautiful beaches. @Jason, I agree with your take on this as well. Terms apply to the offers listed on this page. LEARN MORE Show more We are so glad that we did. 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. The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. Any increase in Hyatt hotels in Mexico and the Caribbean is FANTASTIC. No one will buy something they should get for free. Distinctive Hilton service. Soak up the sun. 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. Timeshare & Vacation Rental Resorts | Hyatt Residence Club Is it even worth paying for it or letting it go, the maintenance fees is no joke. This was this past year. 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. I wish they would add more European regular hotels though. No thanks, as Im a 100% leisure traveler. 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. Pritzkers lose interest and Hyatt will be gone (acquired) - regardless of any acquisitions. I dread the day that I have to make a reservation. 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. But it was better than paying to get rid of the money pit! Best wishes to all going through this buyout! Your feedback is important in helping us keep our community safe. We'll run a soft credit check to find special offers, but it wont affect your credit score. These all-inclusives also compete directly with the cruise industry, which may take years to return to it's previous dominance, so I think it makes great financial sense for Hyatt to make this move. They only take Hilton Honors Points and refuse our HGVC owner club points. I was told that there would be a fee associated with opting in--more points--who knows? We don't travel as much and our financial situation has changed. Well Im not playing along. Following the acquisition of Dream Hotel Group's Dream Hotels, The Chatwal, and Unscripted Hotels brands, we will be adding additional lifestyle and luxury properties in the Americas and Europe to the Hyatt portfolio in key destinations like Nashville, Hollywood, South Beach, several new locations in New York City, and . At which point, we backed out of the deal. I do not fit the creteria. 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 complainers need to quit yer bitchin'. Should not our contacts be canceled and money returned? To book stays at non-HGV resorts and Diamond inventory, HGV owners will need to go through an exchange company probably RCI or Interval International to secure a reservation. I have stayed at several Hyatt Ziva's and had wonderful experiences (especially the Hyatt Ziva Cap Cana). 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? So in other words, Hilton acquired diamond to take all its resorts to feed to their members, while locking diamond owners out of them, and forcing all the diamond owners to buy their more expensive project. -Dreams: upscale family-friendly They were nice, and told me they would try to sell it. They will promote that its a no pressure friendly meeting to answer any questions when in fact its just their opportunity to squeeze more money out of your wallets! Hyatt Hotels Corporation - Hyatt to Acquire Apple Leisure Group -Secrets: luxury adult-only romantic All and all I eventually added it all up and the amount we had invested was astounding! We're very unhappy and want out. On March 10 of this year, Apollo agreed to sell Diamond to HGV for $1.4 billion in a non-cash, all-stock transaction that will give Apollo 28 percent of HGV's stock and membership on its board of directors. Hilton Grand Vacations has entered into a definitive agreement to acquire Diamond Resorts International, the largest independent timeshare operator, in a stock-based transaction value of 1.4. Hyatt welcomes Dream Hotels, The Chatwal, and Unscripted Hotels brands. #1, continue as is, but diamond would increase my maintenance fees by $800 per year going forward starting in 2024. The main point was that i had to buy into Hilton Max. This site does not include all credit card companies or all available credit card offers. Having the additional booking methods and travel agent access, as TrvlGuru pointed out, probably sold this deal, but these resorts are the icing on the cake here for WoH members. Hyatt to Acquire Apple Leisure Group, Expanding Global Brand Presence The hotel company hassecured a $1.7 billion financing commitment from J.P. Morgan. This will help funnel guests to current Hyatt properties and away from their competition. 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. Located mere minutes from many of Orlandos theme parks, Mystic Dunes Resort & Golf Club is a perfect family-friendly destination. Due to Hilton also adjusting the Hilton points charts proportionally that determine how many points it takes to make reservations at each resort, the amount of vacation time for each ownership will stay exactly the same. Warning: This site requires Javascript to function properly. This news may have a significant impact on owners of both clubs. I have acquired a lung disease that prevents me from traveling, they do not care about debilitating health issues. They are far more knowledgeable than armchair commenters and travel bloggers who believe they know better how to run a Hotel group. Hilton will never see a dime of my money with this strong arm tactic. What is this transition going to mean for me in regards to my annual maintenance taxes and banked weeks. My husband then got very upset and said, why didnt they offer this to begin with.? So my total to walk away would be $18K. 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. As long as they think Hyatt can afford it, Hyatt can. All-Inclusive is meh, but these are not luxury hotels. But today we send the letter of cancelation of that contract. I will assume Choice points will not be a option for booking these properties in the near future. Hyatt Residence Club provides flexible access to global travel experiences through a diverse portfolio of boutique residential-style retreats. Now I'm selling my HGVC property. This acquisition locks Hyatt into a hot emerging market (maybe not to Bens bourgeois taste) and lowers Hyatts exposure to business travel which in the age of Zoom may *never* recover (at least proportionally). I need to check on this, and wow the resorts are out of this world amazing and I am glad to spend my initial investment plus $450 annually. @ Christian -- Did they, that's interesting, as I don't think I've heard that before? I was forced to go to Las Vegas (or else I would have to pay for the room which is 1000 dollars. 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 ALGs AMR Collection brand portfolio, comprising approximately 100 hotels and resorts operating in 10 countries. We did our presentation this morning. Accommodations included a fully-equipped kitchen, laundry facilities and full bathroom. -Breathless: luxury adult-only social 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'd go there in a heartbeat on points if I could. ALG has now been purchased for $2.7 billion in cash from KKR and KSL Capital Partners. Timeshare News: Hilton Grand Vacations To Acquire Diamond Resorts Hyatt Buys High-End Chain To Help It Compete With Hotel Giants - Forbes This will help funnel guests to current Hyatt properties and away from their competition. What they are not telling you amidst all those marketing marveling and chanting of how great Hilton is, and how much they did a study looking at all the problems and complaints that diamond owners had worn their vacation packages, is that they are effectively FORCING diamond owners to buy Hilton points and convert over to the new HVG system. So when January was coming close I decided to lower the $$ amount we would do. Advertiser Disclosure: Some links to credit cards and other products on this website will earn an affiliate commission. All-inclusive resorts you can book with points - The Points Guy Can you provide some industry guidance? Marriott Vacation Club to buy Vistana, Hyatt, Interval - RedWeek By adjusting the value of ClubPoints, the numbers more easily map to the points values used by Diamond Resorts. See more about our ethics policies here. We are new to this and I have no clue what to do. They just added about 100 properties that you'll be able to book with points. In 2021, Hyatt acquired more than 100 all-inclusive resorts part of the AMR Collection. I would advise everyone to seek counsel and start a lawsuit. 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. I am single. 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 If you own more points you own more weeks in theory. We walked out of "update" today and so did others. Maybe they see the Covid writing on the wall for cruise lines and know that all-inclusive vacations will appeal to that customer. Is this real? The addition of ALGs properties will immediately double Hyatts global resorts footprint. For the shorter term, Diamond owners will have to go through the same exchange exercise to book rooms at non-Diamond properties. I am excited to see how all of this unfolds. Hilton Grand Vacations Acquires Diamond Resorts - LoyaltyLobby Bens generally biased against all-inclusive (which is a great option for aspirational middle class consumers, in particular.) $1,899 Per Stay. Plus, your own feed of TPG content. 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. By the way, your comment about CheapCarribean.com shows you ignorance. By the way, your comment about CheapCarribean.com shows you ignorance.