The pandemic gave all major travel companies, including timeshares, a yearlong timeout to recalibrate for travel to resume. For others, its probably quite a bit less exciting. Hilton will never see a dime of my money with this strong arm tactic. Hawaii Timeshare Resorts Hilton Grand Vacations $249 Per Stay. The HGV Max program will fail. Option 3, was buy an extra 4500 points for $20K to be grandfathered into the unknown HGV plan. 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). 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. I have the same situation as Lorna posted in the previous comment. 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. We're excited about luxury in particular because we expect the global luxury travel market to grow at about 11% from 2021 to 2027.. What have we gotten from that? Hyatt has completed its acquisition of Apple Leisure Group (ALG), which is a resort-management services, travel, and hospitality group. See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values. As a result, Hyatt now offers one of the largest collections of luxury all-inclusive resorts in the world, including new . What this means for current DRI i.e. Secrets Akumal Riviera Maya in Mexico. 1. I am paying roughly $1,894.12 per year for maintenance. She keep talking and manipulating the situation. All the paperwork is under Diamond but she keep saying that we where Hilton. Hilton did announce that there will be new timeshare products coming down the road that will integrate the two clubs together, rumored to be called HGV Max. They sold the Diamond acquisition as something we would have access to last year. I have paid enough to this timeshare crap. Now I'm selling my HGVC property. I hope you can provide me with some comments. I am interested in knowing if anyone is, actually, working on a class action suit that you have mentioned? He worked in TV news for 20 years, including stints at ABC, MSNBC and Fox, before landing his dream job. People are being really funny when accusing Ben of not understanding how expensive or exclusive this or that all-inclusive property is. The hotel company hassecured a $1.7 billion financing commitment from J.P. Morgan. -Secrets: luxury adult-only romantic 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. I dread the day that I have to make a reservation. Previously, there were only a few upscale/luxury all-inclusives you could use Hyatt points at. Scottsdale Villa Mirage offers the ideal desert retreat with fully-equipped accommodations that feature a kitchen, fireplace and in-room washer and dryer. Hyatt hired competent professionals assessing/reviewing these deals. Warning: Your web browser is out of date. and if we did not our $400+ month maintenance fees would increase to $1,000 in January. -Dreams: upscale family-friendly ALG manages AMResorts, which includes Alua, Breathless, Dreams, Secrets, Sunscape, and more. They didn't just buy AM Resorts. Tucked away on the secluded coastline of Conejos Bay, Secrets Huatulco Resort & Spa offers the ultimate escape for serenity and romance. 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. In August 2019, HGV announced it had hired an investment firm to review offers, which meant it was really up for sale. As long as they think Hyatt can afford it, Hyatt can. @ Julia -- Did I, or anyone else, say that this was a bad investment? A friend recently stayed there and by her Snapchats and Instagram stories, it looked extremely upscale. Points have to logically work their way back to a fractional ownership. The deal has an announced purchase price of $480 million with the potential for an additional $120 million based on the final terms. Is this real? -Sunscape: budget family-friendly. It would have been easy to figure out what our Diamond points are worth in HGVC and moved them over. How is this sane? I was excited about that concept, though personally I cant say Im excited about the execution here. One of Diamond Resorts' flagship properties, Mystic Dunes Resort features an on-site golf course and restaurant. Importantly, the combination of this value-creating acquisition and the $2 billion increase in our asset sale commitment will transform our earnings profile, and we expect Hyatt to reach 80% fee-based earnings by the end of 2024.. "Our plans are to re-brand Diamond properties to a new sub-brand of HGV, which will be called Hilton Vacation Club," said a spokesperson for HGV. Very diverse crowd at Secrets - all-inclusive and people inclusive resort. This assesment could help educate you into making the right decision. Think of it this way, before yesterday Hyatt had 100 less properties than they do today. As for the cost Hyatts money structure is completely different from most other public companies due to the Pritzkers. Just imagine spending a week or longer just lying around on the beautiful beaches. Is it even worth paying for it or letting it go, the maintenance fees is no joke. Since Diamonds was acquired, can we get out of contract? One of Diamond Resorts flagship properties, Mystic Dunes Resort features an on-site golf course and restaurant. Hyatt has been a travel agent friendly brand and now they just bought access to all those travel agents selling leisure travel through ALG. Hyatt Hotels to Acquire Apple Leisure Group, Parent of AMResorts Adults-Only Resort in Conejos Bay | Secrets Huatulco Resort - Hyatt 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. Otherwise i will not have access to Hilton properties and some Diamond properties that do not meet Hilton standards will be closed. Too bad they are so greedy. 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!!! I am not excited by this at all but if its makes some money for Hyatt, good for them. We walked out of "update" today and so did others. However the unlimited vacation brand of all inclusive resorts is definitely quality and a game changer for those that don't prefer them. 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. All-inclusive resorts you can book with points - The Points Guy 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. So when January was coming close I decided to lower the $$ amount we would do. If it's so bad, go be loyal to Marriott. Now, your ownership will be adjusted to give you 8,000 ClubPoints each year, but the points charts that show how many points it takes to book a 1 Bedroom Grand at Elara during Gold season will also be adjusted to 8,000 ClubPoints. Worse move we ever made. ), 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. The companies provided no guidance on what happens to those pre-paid vacation packages after HGV completes the buyout of Diamond Resorts. 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. I wonder if Hyatt is going to rebrand most/all these all inclusives to Zivas or Zilaras. $1,899 Per Stay. 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 planned to use the reminder of my Choice points for booking one of those properties in Mexico or Jamaica. Well Im not playing along. In August, The Wall Street Journal reported that the deal would cost Hyatt roughly $2.7 billion in cash plus some debt. Had my owner's update in Feb 22. 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? This is huge for Hyatt leisure travellers, espcially those with families. 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! Well the irony for me in this announcement, and the subsequent OMAAT article, its unreal. Appeal to a new type of customer? Send tips to Clint.Henderson@thepointsguy.com. Appeal to a new type of customer? We did our presentation this morning. 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. Anyone have a firm who shows interest? By 2019, the split had shifted to 57% fee-based earnings. 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. I agree with your sentiments, very little to appeal to me. This will help funnel guests to current Hyatt properties and away from their competition. Probably for the best that Hyatt did not buy them to keep Excellence Group a secret (again no pun intended either). They tell me I must decide by December 6th but cannot reach a dang soul. . We would like to sell all of this within the next two years but where and how? LEARN MORE Show more Because that is a lot of additional money - I already own a deeded week and paid that much for 9000 points. 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! 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 have been approached by PEMEX to buy my 30K Diamond points. The long-term success of the acquisition, analysts told us, will depend on HGV's plan to integrate Diamond's mid-level resorts into HGV's high-level resort portfolio while upgrading the overall customer experience of Diamond owners into HGV's culture. I have no experience with this but I thought they had issues in the past.maybe it was Sandals after all and not Secrets. There has to be something we can do legally. It was terrible stay, very slow service and seems unable to live up to 4 or 5 star reputation. Begin typing your search above and press return to search. Hyatt Hotels Corporation , headquartered in Chicago , is a leading global hospitality company offering 20 premier brands. My application got rejected because of unpaid maintenance fees. One of the most notable changes is that Hilton has adjusted ClubPoint values to be 160% higher than before. These are not the Royalton properties under the Marriott umbrella. i do not fit into that creteria either. My husband then got very upset and said, why didnt they offer this to begin with.? If you own more points you own more weeks in theory. Plus I asked if there will be reduced number of resorts for Diamond members then what was sold to us is no longer valid. I do not fit the creteria. 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. Am I missing something here? Now the company has spent more than five times as much on Apple Leisure Group. Dream Hotel Group | Hyatt Hotels & Resorts Hilton Grand Vacations To Acquire Diamond Resorts - Quick Facts Lasting vacation memories. Not sure I like this. Here you can have the most relaxing vacation of your life, or enjoy some of the many outdoor adventures in the area. Secrets, Zoetry & Sunscape properties were bookable using Choice Hotel points for between 40k-60k points per night. Florida Timeshare Vacation Resorts | Hilton Grand Vacations I wasn't a fan either of all inclusives. This will be complicated! 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 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? Hyatt has spent a huge amount of money on this acquisition. Distinctive Hilton service. Check back for the latest news on the World of Hyatt expansion. So, whats the rationale? Time to travel again, or take a different kind of vacation? 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. Hyatt Completes Acquisition of Apple Leisure Group, Creating Global Any increase in Hyatt hotels in Mexico and the Caribbean is FANTASTIC. Hilton Grand Vacations Buys Diamond Resorts: How This Affects You I write about travel trends and news you can use. I was forced to go to Las Vegas (or else I would have to pay for the room which is 1000 dollars. Two years ago, the tables were turned, when news reports surfaced that Apollo had submitted an offer to buy HGV. Terms apply to the offers listed on this page. 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. Hyatt is betting on luxury travel with $2.7 billion resorts deal ALG has now been purchased for $2.7 billion in cash from KKR and KSL Capital Partners. Adding this with my initial investment this is crazy. Best wishes to all going through this buyout! Hyatt to Acquire Apple Leisure Group, Expanding Global Brand Presence Press Esc to cancel. The addition of ALGs properties will immediately double Hyatts global resorts footprint. to all of you! I guess people are ignoring the elephant in the room. Both Hilton and Diamond are trying to screw the owners out of another $20K. This is equal to $270.59 cents per night based on a seven night stay. Recently was told that Diamond properties would be refurbished by Hilton. I turned both of them down. No thanks. But. 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. Nothing good will come from it for those of us that own with paid off memberships. I am not going to sign up. "Over time, we will provide additional details on how these two clubs might function together," HGV said in response to our questions. This will help funnel guests to current Hyatt properties and away from their competition. The resort is set on more than 600 acres and includes condo-style accommodations with full kitchens, living rooms, dining rooms and bathrooms. Opinions expressed here are the authors alone, and have not been reviewed, approved or otherwise endorsed by any of these entities. What do you make of Hyatts acquisition of Apple Leisure Group? Marriott Vacations Worldwide bought independent Welk Resorts to add eight more high-touch resorts to its portfolio. Love Hyatt, but had high hopes for a different acquisition. Should not our contacts be canceled and money returned? ALG also has over a dozen subsidiaries, including Apple Vacations, CheapCaribbean.com, Southwest Vacations, United Vacations, Unlimited Vacation Club, and more. The difficulty lies in finding any attorney or attorneys who will take this on. This is very exciting as it is @Jason, I agree with your take on this as well. HGV's expanded network will include 20 new markets and many drive-to destinations that Diamond offered to customers. 2. It is a HUGE step for Hyatt because many of these properties are all inclusive resorts at great locations. Has anyone sold their Polo towers? What a joke! ALG has now been purchased for $2.7 billion in cash from KKR and KSL Capital Partners. Bottom line. This is very exciting as it is going to flip the script. 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. I was told that there would be a fee associated with opting in--more points--who knows? According to Hyatt, the company is currently working to determine how the World of Hyatt program and ALG's . I'm a gold member in diamond. You can now earn and redeem Hyatt points at select AMR Collection all We have updated all of the points charts on our website to reflect the new point values. Its just a marketing ploy. We are also DRI silver status members for over 10 yrs. The $2.7 billion cash deal is expected to close in the fourth quarter of this year. Today Hyatt Hotels Corporation announced that it is buying luxury resorts operator Apple Leisure Group (ALG) for $2.7 billion in cash. Really opened my eyes into this segment of resorts (aside from The Excellence, which was very solid - Ive never tried AM) - even with Hyatts management, I will steer clear. For Diamond owners, that should be an upgrade, according to the industry experts who talked to us about Hilton's buyout of Diamond. As Diamond owner, we were told today if we do not spend about $20,000 to move to Hilton we could loose most resorts be were promised when buying! I'll give some all-inclusive resorts a chance though since it's sometime nice to WORRY nothing but chill, eat, drink, and sleep. All-Inclusive is meh, but these are not luxury hotels. 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. And they are still trying to sell new membership when the sales staff clearly have no clue what is happening! 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. So we took a huge loss basically got $5,000 just to get out of the deed. I spoke to my buddy tonight and he owns a Wyndham timeshare. I am a Diamond owner at Polo Towers, week 52, 2 bedroom 2 bath. 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. @Jason, I agree with your take on this as well. Accommodations included a fully-equipped kitchen, laundry facilities and full bathroom. Polo Towers/ The Club paid for & deeded owners is higher annual maintenance fees. 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! -Zoetry: luxury that kids can stay at but targeted to adults-only The 50 most popular World of Hyatt redemptions, Do Not Sell or Share My Personal Information. Short term, both companies will remain separate entities while their management teams figure out how to consolidate them into the world's #2 timeshare company, right behind #1 Wyndham Destinations and just ahead of #3 Marriott Vacations. As a result, 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. 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. 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. 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. Their footprint in Europe is still minuscule. People generally love Hyatt but say they lack the number of hotels in comparison to Marriot, Hilton and IHG. 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 . I for one am super-excited about this. Leisure travel appeals to all income levels, so if you want to get big in leisure travel, it cant be all 100% super luxury. Our passionate members who share a commitment to consistent, quality time away. Once we pay off the loan can we sell it back. 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). Each Four or Five Diamond-rated resort had to undergo inspections to meet high standards in . I don't know if he spoke the truth. Let's band together you cannot operate as a company like this and defraud people. Theres nothing cheap about what they sell. ALG is one of, if not the largest travel industry wholesalers in the world. Marriott Vacation Club to buy Vistana, Hyatt, Interval - RedWeek I have stayed at several Hyatt Ziva's and had wonderful experiences (especially the Hyatt Ziva Cap Cana). View Vacation Offers Meet the Family They're our caring colleagues, our friends. Well just before year end an offer came in and it was very low. We got suckered into these timeshares as well. ALG is one of, if not the largest travel industry wholesalers in the world. We told them we'd think about it, and they said the offer was only good for today. By the way, your comment about CheapCarribean.com shows you ignorance. By the way, your comment about CheapCarribean.com shows you ignorance. I think this another one of your ill-advised articles. Please view our advertising policy page for more information.
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