The ultra-luxury all-inclusive Dreams Resorts chain is coming under the Hyatt banner. This sounds like a fantastic upgrade opportunity for quality Diamond Resort owners. 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). @ Christian -- Did they, that's interesting, as I don't think I've heard that before? I was told when we did a small point package for HGVMax there would not be fees to transfer our points to Hilton Honors or to roll our points over from Diamondnow I am told there are cost for everything now. So I just found out that the former Diamond Resorts are not available to Hilton Grand Vacation Club owners. + Get 15,000 Hilton Honors Points. + Get 15,000 Hilton Honors Points. Lasting vacation memories. Currently, Choice Hotel points can be used to book this very same properties, usually ranging between 40k and 60k hotel points. Full disclosure: the author of this Ask RedWeek is a longtime owner at Diamond Resorts. They didn't just buy AM Resorts. Hyattexpects tofund more than 80% of the purchase with a combination of $1 billion of cash on hand and new debt financings, and the remainder with approximately $500 million from equity financing, according to a statement. 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. Another 24 properties are in the pipeline. Sharon. I will be researching the best way to unload this timeshare! @ Julia -- Did I, or anyone else, say that this was a bad investment? My husband started having health problems and we were not able use the HGV! Youll find all the comforts of home while enjoying the resorts amenities, including an outdoor pool and hot tub, childrens pool and fitness center. I need to get out of this contract. For more TPG news delivered each morning to your inbox, sign up for our daily newsletter. The addition of ALGs properties will immediately double Hyatts global resorts footprint. Plus I asked if there will be reduced number of resorts for Diamond members then what was sold to us is no longer valid. HGVC Owner here. Compare the cost in points or miles to cash, and see which option is best. 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. How will Hilton buying Diamond affect owners of both clubs? All the paperwork is under Diamond but she keep saying that we where Hilton. Jeff is a California-based journalist who has covered California, Congress, and the White House. People are being really funny when accusing Ben of not understanding how expensive or exclusive this or that all-inclusive property is. Settle in for a quiet escape, splash in the surf with the kids or rediscover the child in you on a Sunshine State adventure. But I do recall her saying we would still have access too all of our DRI resorts, as we have in the past. Or it is simply equal to $157.85 per monthly to keep my membership. If it's so bad, go be loyal to Marriott. 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 I'm looking at you, Waikiki Centric of Cheap Owner. 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. The companies provided no guidance on what happens to those pre-paid vacation packages after HGV completes the buyout of Diamond Resorts. Having the additional booking methods and travel agent access, as TrvlGuru pointed out, probably sold this deal, but these resorts are 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). Very diverse crowd at Secrets - all-inclusive and people inclusive resort. Feel bad for friend who have wedding there and spent thousands but not getting what she pay for. 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. So my total to walk away would be $18K. When the transition is complete, HGV's management team, headed by CEO Mark Wang, will run the combined company. Would absolutely love if they bought it but not sure I would want it to be rebranded to Canopy. As for the cost Hyatts money structure is completely different from most other public companies due to the Pritzkers. In August, The Wall Street Journal reported that the deal would cost Hyatt roughly $2.7 billion in cash plus some debt. 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. World of Hyatt's top all-inclusive contenders. Now if they just buy Motel1 in Europe (another one Ben will pan) and rebrand it to Canopy they will be set. I have no experience with this but I thought they had issues in the past.maybe it was Sandals after all and not Secrets. They sold the Diamond acquisition as something we would have access to last year. Our current maintenance fees for the gold level our $6500. Please download an updated and supported browser . Both Hilton and Diamond are trying to screw the owners out of another $20K. As has been tracked in in recent years, America has been found to have, 2 Bed Plus | Annual | Fixed Week 51| 13440 Points, 2 Bed | Annual | Platinum Ski| 11200 Points, 3 Bedroom | Annual | Silver| 6560 Points. they were pissed!! Well the irony for me in this announcement, and the subsequent OMAAT article, its unreal. Loyalty programs arent going to be narrowly tailored to peoples tastes. It would have been easy to figure out what our Diamond points are worth in HGVC and moved them over. 1. 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. 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. Recently was told that Diamond properties would be refurbished by Hilton. I find your reaction to be truly bizarre. I was told that there would be a fee associated with opting in--more points--who knows? Hyatt didn't buy a hotel portfolio, they bought a tour and travel agent company. Nothing. I have the same situation as Lorna posted in the previous comment. We may receive compensation when you click on links to those products. I stayed at Zotry Paraiso de la Bonita Riviera Maya last May. The customer is still right, and we still have choices. 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. Hyatt Spends $2.7 Billion To Become World's Largest Operator - Forbes What is this transition going to mean for me in regards to my annual maintenance taxes and banked weeks. Meanwhile, WoH members dont see a reasonable benefit imho. Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company offering 20 premier brands. HowwillHiltonbuyingDiamondaffectownersofbothclubs. Their footprint in Europe is still minuscule. #1, continue as is, but diamond would increase my maintenance fees by $800 per year going forward starting in 2024. If so please reach out to me as I too would like to seek legal justice in this matter. I wonder if Hyatt is going to rebrand most/all these all inclusives to Zivas or Zilaras. Experience the all-inclusive, adults-only Hyatt Vivid Hotels & Resorts. Any increase in Hyatt hotels in Mexico and the Caribbean is FANTASTIC. I think I am paying for Disney Vacation $450 per year. Too bad they are so greedy. 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. My only question is can we legally do something about this? You can now earn and redeem Hyatt points at select AMR Collection all Your feedback is important in helping us keep our community safe. 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. We also will love to get out of the Diamond Resort, since the merge with Hilton is been a nightmare. Inclusive Collection | Celebrate Every Moment They are offering us 4.25 a point. Hawaii Timeshare Resorts Hilton Grand Vacations 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.! Hyatt to Acquire Apple Leisure Group, Expanding Global Brand Presence Then I read somewhere that Hilton wont accept sales made through the timeshare companies and that sales had to go through Hilton resale department. I guess people are ignoring the elephant in the room. 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. 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!!! $249 Per Stay. 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. I saw Hilton Grand Vacations just agreed to buy Diamond Resorts. We are going to wait to the beginning of the year and see what they do. Accommodations included a fully-equipped kitchen, laundry facilities and full bathroom. This site does not include all credit card companies or all available credit card offers. Aren't all of the Ziva/Zilara properties owned/run by Playa Resorts? Have they not been welcoming to LGBTQ couples, or? Hyatt Residence Club provides flexible access to global travel experiences through a diverse portfolio of boutique residential-style retreats. Now, you can earn and redeem World of Hyatt points at some of them. 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!!! When you learn the answers they change the questions and we are always in limbo. 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. 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.". This is $138.46 per week and points start balancing out to a week. 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. TPG previously reached out to Hyatt for details on the integration with World of Hyatt. 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. At the moment no details have been officially released by Hilton. I am curious to see how Hyatt prices this properties with regards to points. Plus, your own feed of TPG content. Appeal to a new type of customer? And, he added, Id like to reiterate that this announcement will have no impact on how we do business with you. It is always stressful. These are not the Royalton properties under the Marriott umbrella. 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. See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values. The presentation is just a sales pitch so they can get paid. @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. The prices are high-end, too; at Zoetry boutique properties, the average daily rate (ADR) is $400 a night. So option 3 was the only viable option at the time for me. 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. 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. Please view our advertising policy page for more information. Is it even worth paying for it or letting it go, the maintenance fees is no joke. This is a big letdown because the one thing I don't like about Hyatt is its small footprint. Is there no one to stop these people? 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 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). The resort is set on more than 600 acres and includes condo-style accommodations with full kitchens, living rooms, dining rooms and bathrooms. I have no intention of joining HGV. I have stayed at several Hyatt Ziva's and had wonderful experiences (especially the Hyatt Ziva Cap Cana). $1,899 Per Stay. 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. 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. Since I arrive i told the sales lady ,we aren't spendding no more money. In 2021, Hyatt acquired more than 100 all-inclusive resorts part of the AMR Collection. Were very bullish on leisure travel. The . We had the displeasure of attending our owners update yesterday here at Polo Towers so we could learn all the wonderful benefits of the Hilton merger. Adults-Only Resort in Conejos Bay | Secrets Huatulco Resort - Hyatt I am a Diamond silver owner and I just went through a Hilton Update presentation. You have successfully joined our subscriber list. Press Esc to cancel. 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. Theres nothing cheap about what they sell. It was terrible stay, very slow service and seems unable to live up to 4 or 5 star reputation. We're excited about luxury in particular because we expect the global luxury travel market to grow at about 11% from 2021 to 2027.. We accepted the offer. The pandemic gave all major travel companies, including timeshares, a yearlong timeout to recalibrate for travel to resume. I'm not sure the properties are even worth the annual maintenance fees let alone the additional buy in $ they want1. Just book by specific location. They tell me we have to upgrade, ( purchase another property) or we will never be eligible, even though we already own 2 properties. Supposedly HGV Max is to launch today (10/5/22). We appreciate your continuing updates to keep us informed. 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. Its recommended to use a Licensed, Bonded, and Insured closing company. In August 2019, HGV announced it had hired an investment firm to review offers, which meant it was really up for sale. 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. I have a deed at Lake Tahoe Vacation Resort but use Diamond points. What have we gotten from that? This acquisition will be very successful for them. Hyatt has been a travel agent friendly brand and now they just bought access to all those travel agents selling leisure travel through ALG. I had truly hoped that Hilton would prove to be a more ethical corporation than we experienced with Diamond but unfortunately weve found that the greed just changed names! I agree that this acquisition is not exciting to me. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). We also recently attended an update after being told the same thing - we had to invest another $20K+ to be a part of HGV. According to Diamond CEO Mike Flaskey, HGV will also incorporate Diamond's "events and concerts platform" to deliver expanded vacation opportunities to 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. We were told that, if we didnt upgrade to HGVC, wed be left with shrinking inventory and rising maintenance fees. For a full view HGV's position on the acquisition, see this presentation made for investors. 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.
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hyatt buys diamond resorts