Compare the cost in points or miles to cash, and see which option is best. ALG is continuing to operatevery similarly to the way it did before the combination. Ben's "meh" headline was kinda "meh". Editorial disclaimer: 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. I find your reaction to be truly bizarre. 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. The acquisition adds 100 hotels and resorts across Europe, Mexico, the Caribbean and Central America to Hyatt's portfolio - including all-inclusive resorts from AMR Collection brands like Secrets Resorts . There are a ton of very amazing properties here. 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). They tell me I must decide by December 6th but cannot reach a dang soul. 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. I was excited about that concept, though personally I cant say Im excited about the execution here. How is going to effect me? Bens generally biased against all-inclusive (which is a great option for aspirational middle class consumers, in particular.) The logic given was incomprehensible, as usual. @khatl: In Mexico/Caribbean, they are the following brands: -Zoetry: luxury that kids can stay at but targeted to adults-only -Secrets: luxury adult-only romantic -Breathless: luxury adult-only social -Dreams: upscale family-friendly -Sunscape: budget family-friendly. Recently was told that Diamond properties would be refurbished by Hilton. We walked out of "update" today and so did others. Being denied the right of use in any contract is a breach of the original contract . Apple leisure is a tour company with hotels not the other way around. The HGV Max program will fail. If they rebrand a Diamond property it becomes a Hilton therefore no longer being available to us. 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. I am Diamond member since 2007 and last year even upgraded to a platinum membership status. I recently went to the DRI website to make reservations for next year, and NOTHING is available now, no matter which dates I put in within the year timeframe. The lower level properties will also be great for attracting younger families into Hyatt. Does being fully vaccinated exempt me from travel restrictions? to all of you! This is very exciting as it is going to flip the script. Hyatt buying Apple Leisure Group for $2.7 billion. @Jason, I agree with your take on this as well. @ Julia -- Did I, or anyone else, say that this was a bad investment? The high-end of the pricing of what I'm seeing in some destinations is a Planet Hollywood property that's all-inclusive. Totally agree. I've been to Dreams for a friends wedding. My thought is I am going to just sit tight and see what else they offer - this honestly can't be it. We would like to sell all of this within the next two years but where and how? Advertiser Disclosure: Some links to credit cards and other products on this website will earn an affiliate commission. I am interested, if those Diamond owners who did upgrade to Max, I wonder if Hilton got them to sign over their deeds in the Diamond properties? 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 are so glad that we did. 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. The $2.7 billion cash deal is expected to close in the fourth quarter of this year. Strategic Indeed, was it right or wrong only time will tell. Please download an updated and supported browser . 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. Is there no one to stop these people? The result, so far: Wyndham Destinations rebranded its entire company to shift towards a travel-club model that offers all travel services, not just reservations at timeshares. The hotel company hassecured a $1.7 billion financing commitment from J.P. Morgan. People generally love Hyatt but say they lack the number of hotels in comparison to Marriot, Hilton and IHG. 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. We appreciate your continuing updates to keep us informed. 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. Hyatt Buys Apple Leisure Group, 100+ Hotels, Hyatt buying Apple Leisure Group for $2.7 billion, How Hyatt explains Apple Leisure Group acquisition, resorts will be integrated into World of Hyatt in 2022, Hyatt was looking to acquire a hotel brand, Thompson Central Park New York Launches Upper Stories Concept, Hyatt Sells Alila Ventana Big Sur For $150 Million, Please view our advertising policy page for additional details about our partners, An expanded footprint in luxury and resort travel this acquisition is expanding Hyatts presence in luxury leisure travel, as it will double the number of resorts Hyatt manages, and will allow Hyatt to offer the largest portfolio of luxury all-inclusive resorts in the world, Major expansion in Europe this will grow Hyatts European footprint by 60%, and will allow the Hyatt brand to enter 11 new European markets, An expanded platform for growth ALGs developer and owner base will expand Hyatts relationships with committed partners in key complementary geographies, Hotel owners will benefit owners of Apple Leisure Group resorts will have access to a much broader collection of brands (in other words, we could see some of these hotels rebranded under one of Hyatts existing brands), along with the backing of Hyatts global distribution, sales, and marketing, More options for World of Hyatt members its expected that these, This will expand Hyatts end-to-end leisure travel offerings ALG Vacations is one of the largest package tour providers and leisure travel distribution platforms in North America, so Hyatt could get more into the package holiday business, This allows Hyatt to grow its asset-light strategy ALG is asset-light, and with Hyatt continuing to sell real estate assets, the company hopes to increase the percent of revenue generated from fees, This reflects that Hyatt is looking to grow in the leisure market, which is logical at this point, given that its anyones guess when business travel will get back to 2019 levels, This is a huge purchase Hyatts market cap is $7.3 billion, and this is a $2.7 billion acquisition, so proportionally this is almost like when Marriott purchased Starwood, The heavy focus on all-inclusives is going to be polarizing some people love all-inclusives (especially those with families and those who like hanging out at resorts), while others dont enjoy this type of vacation, I think it might be a stretch to suggest that all/most of these properties are luxury resorts, as Id say most of these properties are more mid-range, Assuming theres not a major rebranding of existing resorts, Hyatt is getting worse than Marriott here in terms of the number of hotel brands it will have, Browsing Apple Leisure Groups portfolio, theres not a single hotel that jumps out and me and makes me say I cant wait to stay/redeem points here! (which isnt to say I wont stay at one, but its not like when Hyatt acquired Two Roads Hospitality, and I suddenly saw a dozen hotels I desperately wanted to stay at), I really wish Hyatts acquisitions were a bit more strategically focused for consumers in terms of growing on its core value proposition; while Im not a huge IHG fan, I love how IHG wanted to grow in the luxury space, and then acquired Kimpton, Regent, and Six Senses, all of which are great brands (gosh, I would have loved if Hyatt acquired Six Senses instead! owning time share properties is very stressful. Its just a marketing ploy. Not much. Just got back from an unlimited luxury stay at Secrets Maroma (seemed like a good burn of sapphire points, last-min getaway). I will assume Choice points will not be a option for booking these properties in the near future. They sold the Diamond acquisition as something we would have access to last year. I have been trying to call people and fill out forms to have people call me for more information. 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. Makes Hyatt feel less desirable to me. 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. For others, its probably quite a bit less exciting. Check here before booking an award fare. 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 . She did good and we feel for it. This acquisition will be very successful for them. I think a class action will probably come, but still a little early right now, maybe next year. In biblical terms, hire a David to slay these Goliaths who don't care about consumers. 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. LEARN MORE Show more No one gives you any answers. We got suckered into these timeshares as well. 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. Then fractional ownership of condo for example would have to divide say $300 a month for the HOA and here guessing $300 a month on utilities this is $600 a month and $7200 a year. You all sound like someone excited about an Olive Garden attached to some expensive mall. Didn't Secrete continually have issues with this? One of the most notable changes is that Hilton has adjusted ClubPoint values to be 160% higher than before. 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). 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. Press Esc to cancel. 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 have the same situation as Lorna posted in the previous comment. 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. How will Hilton buying Diamond affect owners of both clubs? A cheap Cruise Ship on the ground. Javier - that is my question as well. All the paperwork is under Diamond but she keep saying that we where Hilton. 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? 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. Now the company has spent more than five times as much on Apple Leisure Group. I have kids, I'm a globalist, and we love all-inclusives in the Caribbean, so this is an ideal acquisition for customers like me. Leisure travel appeals to all income levels, so if you want to get big in leisure travel, it cant be all 100% super luxury. Settle in for a quiet escape, splash in the surf with the kids or rediscover the child in you on a Sunshine State adventure. Feel bad for friend who have wedding there and spent thousands but not getting what she pay for. Many people love their Ziva/Zilara all inclusive resorts. 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. 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. 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. It'll all become second nature when you make your second home among our collection of family-friendly Hawaii timeshare resorts located along the golden sands of Waikiki Beach, majestic mountain valleys of . I believe more than $100,000. Most helpful comments ( as chosen by the OMAAT community ). I for one am super-excited about this. Their footprint in Europe is still minuscule. This merger should have just expanded the placed you could go, but instead turned into a money grab from the timeshare crooks. It seems unless we spend more money we will have less to choose from. -Zoetry: luxury that kids can stay at but targeted to adults-only 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.) All-Inclusive is meh, but these are not luxury hotels. 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. Over the years we upgraded to more points for $$s. Your feedback is important in helping us keep our community safe. Because that is a lot of additional money - I already own a deeded week and paid that much for 9000 points. Let's band together you cannot operate as a company like this and defraud people. Choose the Extraordinary Hilton Grand Vacations Club Members They didn't just buy AM Resorts. I bought into Diamond Resort and then the Hilton because the salesperson said we could sell it and or rent it out. 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. It would have been easy to figure out what our Diamond points are worth in HGVC and moved them over. But today we send the letter of cancelation of that contract. I stayed at Zotry Paraiso de la Bonita Riviera Maya last May. The presentation is just a sales pitch so they can get paid. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Secrets, Zoetry & Sunscape properties were bookable using Choice Hotel points for between 40k-60k points per night. Is it even worth paying for it or letting it go, the maintenance fees is no joke. I am not going to sign up. Orlando. He worked in TV news for 20 years, including stints at ABC, MSNBC and Fox, before landing his dream job. Of course it was nothing but a sales pitch. Here are the latest all-inclusive . If so please reach out to me as I too would like to seek legal justice in this matter. 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. See the scenery on horseback, or go for a hike along the many trails. 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.! We are going to wait to the beginning of the year and see what they do. 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. I wish they would add more European regular hotels though. My maintenance fees would go up an additional $870 3. I planned to use the reminder of my Choice points for booking one of those properties in Mexico or Jamaica. Why are diamond fees more than double that? They were nice, and told me they would try to sell it. We are new to this and I have no clue what to do. I have stayed at several Hyatt Ziva's and had wonderful experiences (especially the Hyatt Ziva Cap Cana). Meanwhile, WoH members dont see a reasonable benefit imho. Accommodations included a fully-equipped kitchen, laundry facilities and full bathroom. As a result, Hyatt now offers one of the largest collections of luxury all-inclusive resorts in the world, including new . 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. I have acquired a lung disease that prevents me from traveling, they do not care about debilitating health issues. Leave your cares behind. The resort is set on more than 600 acres and includes condo-style accommodations with full kitchens, living rooms, dining rooms and bathrooms. Option 3, was buy an extra 4500 points for $20K to be grandfathered into the unknown HGV plan. Theres nothing cheap about what they sell. Now are asking me to buy into Hilton and I thought I have already bought into a time share that says I can travel the world and now I have limits. 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. Sharon. I was forced to go to Las Vegas (or else I would have to pay for the room which is 1000 dollars. For a full view HGV's position on the acquisition, see this presentation made for investors. Slow down. We will love to be part of the class action suit. @Christian (and Ben), Sandals was structurally homophobic in the past (as were all such resorts). I am Gold with Diamond with 39,000 points and he wanted me to purchase up to 54,000. They tell me we have to upgrade, ( purchase another property) or we will never be eligible, even though we already own 2 properties. You complainers need to quit yer bitchin'. Brand dilution. Click the following link if youre looking for Hilton Grand Vacations resales. 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).
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