I am not excited by this at all but if its makes some money for Hyatt, good for them. They are one of the best sources of luxury resort packages. Previously, there were only a few upscale/luxury all-inclusives you could use Hyatt points at. Check back for the latest news on the World of Hyatt expansion. I have a deed at Lake Tahoe Vacation Resort but use Diamond points. I'll check back later. Well the irony for me in this announcement, and the subsequent OMAAT article, its unreal. My only question is can we legally do something about this? Hilton will never see a dime of my money with this strong arm tactic. The 50 most popular World of Hyatt redemptions, Do Not Sell or Share My Personal Information. I stayed at Zotry Paraiso de la Bonita Riviera Maya last May. 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. Our current maintenance fees for the gold level our $6500. Currently, Choice Hotel points can be used to book this very same properties, usually ranging between 40k and 60k hotel points. In particular, Hyatt will gain 40 properties in Spain and three in Greece. What have we gotten from that? #1, continue as is, but diamond would increase my maintenance fees by $800 per year going forward starting in 2024. A year from now, or so, all vestiges of Diamond Resorts will likely disappear from marquees and lobbies as HGV absorbs Diamond resorts and rebrands them as part of a new Hilton entity, called Hilton Vacation Club. @ Jason -- "There's nothing cheap about what they sell?" I am paying roughly $1,894.12 per year for maintenance. If you own more points you own more weeks in theory. Hyatt Hotels Corporation , headquartered in Chicago , is a leading global hospitality company offering 20 premier brands. Any ideas from anyone on how to let this timeshare go? And, he added, Id like to reiterate that this announcement will have no impact on how we do business with you. Today Hyatt Hotels Corporation announced that it is buying luxury resorts operator Apple Leisure Group (ALG) for $2.7 billion in cash. 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. A friend recently stayed there and by her Snapchats and Instagram stories, it looked extremely upscale. 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. This was this past year. Currently, the two clubs are separate in the sense that owners can not book a reservation at the other clubs resorts using the points they currently own. As of June 30, 2021 , the Company's portfolio included more than 1,000 hotel and all-inclusive properties in 68 countries across six continents. I dread the day that I have to make a reservation. Tucked on the foothills of the Great Smoky Mountains, Bent Creek Golf Village provides a relaxing retreat in Gatlinburg, Tennessee. What is this transition going to mean for me in regards to my annual maintenance taxes and banked weeks. Send tips to Clint.Henderson@thepointsguy.com. 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. ), 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. Compare the cost in points or miles to cash, and see which option is best. If you love water sports, you can go windsurfing, swimming and snorkeling. He worked in TV news for 20 years, including stints at ABC, MSNBC and Fox, before landing his dream job. 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 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. We're excited about luxury in particular because we expect the global luxury travel market to grow at about 11% from 2021 to 2027.. Once we pay off the loan can we sell it back. i do not fit into that creteria either. It is such a convoluted mess. If it's so bad, go be loyal to Marriott. Diamond Owners need to get together. Nothing. Apple Leisure Groups portfolio has exploded from nine resorts in 2007 to approximately 100 properties by the end of 2021, and there is an additional pipeline of 24 executed deals with a large number of additional hotels in development. I'm seeing all-inclusive resorts for well under $100 per person per day. Oh and second real life example all the crappy Hyatt properties that still 'can't serve Globalists breakfast because Covid.' Located mere minutes from many of Orlandos theme parks, Mystic Dunes Resort & Golf Club is a perfect family-friendly destination. These are not the Royalton properties under the Marriott umbrella. Its recommended to use a Licensed, Bonded, and Insured closing company. Meanwhile, WoH members dont see a reasonable benefit imho. The Blue Diamond properties set to convert to the Autograph Collection portfolio include the Royalton Riviera Cancun Resort & Spa, Hideaway at Royalton Riviera Cancun , Planet Hollywood Beach. @ Christian -- Did they, that's interesting, as I don't think I've heard that before? Once again they use scare tactics and carefully worded phrases in their attempts to have you pay again for access that we already purchased. Improve earnings, maximize rewards and track progress toward dream trips. I'm not sure the properties are even worth the annual maintenance fees let alone the additional buy in $ they want1. 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. 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! Does anyone know? 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. #2, request a transition out of ownership, but my cost would be 2 years of maintenance fee ($13K), plus $1K for every contract where we bought extra points (5). Please download an updated and supported browser . 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. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Then if this is the case $138.46 all the way to $1894.12 shows a huge issue. Well just before year end an offer came in and it was very low. So option 3 was the only viable option at the time for me. Are you looking at the right group, Ben? 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. ALGs AMResorts is the largest portfolio of luxury all-inclusive resorts in the Americas, with well-known high-end brands SecretsResorts & Spa, DreamsResorts & Spas, BreathlessResorts & Spas and ZotryWellness & Spa Resorts, as well as AluaHotels & Resorts, which is expanding quickly in Europe. But. I agree with your sentiments, very little to appeal to me. At the update I was told that I only had 3 choices with the merger. And they are still trying to sell new membership when the sales staff clearly have no clue what is happening! On the surface they say, oh we let you guys have a grandfather clause and if you want to remain in diamond, you can BUT, the caveat is, they are going to strip all the diamond resorts locations except for about 16 that are in the trust OUT of your diamond resorts system with the proclamation that even those resorts are subject to change at any time thusfor diamond owners who already spent thousands and thousands to own and are comfortable with the system and properties they have access to, must either spend a minimum of between 20 and 40 thousand dollars to purchase the minimum point allocation of 4500 points to convert their diamond ownership to hiltons HVG brand, or have their diamond ownership devalued down to 16 resorts, most of them the crappiest in the diamond portfolio save 4 or 5. Full disclosure: the author of this Ask RedWeek is a longtime owner at Diamond Resorts. I wasn't a fan either of all inclusives. 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. 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! $1,899 Per Stay. The logic given was incomprehensible, as usual. Until check out time, and the woman assigned to this part was very clear and forthcoming when she went over the entire sale, which was NOT how it was presented to us. I believe Hilton has screwed all of its current club members!!! Feel bad for friend who have wedding there and spent thousands but not getting what she pay for. Hyatt has completed its acquisition of Apple Leisure Group (ALG), which is a resort-management services, travel, and hospitality group. We are also DRI silver status members for over 10 yrs. They just added about 100 properties that you'll be able to book with points. Hyatt Residence Club provides flexible access to global travel experiences through a diverse portfolio of boutique residential-style retreats. I spoke to my buddy tonight and he owns a Wyndham timeshare. In August, The Wall Street Journal reported that the deal would cost Hyatt roughly $2.7 billion in cash plus some debt. If they rebrand a Diamond property it becomes a Hilton therefore no longer being available to us. 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. All prices in U.S. dollars unless otherwise stated. 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. Two years ago, the tables were turned, when news reports surfaced that Apollo had submitted an offer to buy HGV. This assesment could help educate you into making the right decision. We were encouraged to attend a presentation and I was interested in hearing about the acquisition, being Diamond owners. They sold the Diamond acquisition as something we would have access to last year. We have updated all of the points charts on our website to reflect the new point values. 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. We are going to wait to the beginning of the year and see what they do. We got suckered into these timeshares as well. They lost a discrimination suit in 2004 and were forced to accept gay and lesbian couples as guests. This is equal to $270.59 cents per night based on a seven night stay. Pritzkers lose interest and Hyatt will be gone (acquired) - regardless of any acquisitions. 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.". Advertiser Disclosure: Some links to credit cards and other products on this website will earn an affiliate commission. At which point, we backed out of the deal. 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. 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. Many people love their Ziva/Zilara all inclusive resorts. HGV offered no information on what will happen to Diamond's executives. Here are the latest all-inclusive . I write about travel trends and news you can use. Should not our contacts be canceled and money returned? I would join the class action lawsuit. What's the big picture impact of this transaction and, more importantly, what does it mean for owners of both timeshare companies? Then when hotel operators decide they're going rogue, there won't be much Hyatt can do about it. I've been waiting to hear something about opting in. The ultra-luxury all-inclusive Dreams Resorts chain is coming under the Hyatt banner. Now if they just buy Motel1 in Europe (another one Ben will pan) and rebrand it to Canopy they will be set. We also went to the presentation because nothing in the account said Hilton. 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. 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'm thoroughly pissed off at HGVC. Expansive Residential-Style Retreats Book Today, Plan Your Stay Hyatt Residence Club San Antonio, Wild Oak Ranch View Resort Details Need a Vacation? Is it even worth paying for it or letting it go, the maintenance fees is no joke. Time to travel again, or take a different kind of vacation? 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. 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. This is very exciting as it is @Jason, I agree with your take on this as well. Just book by specific location. I don't care for all-inclusive properties, so I won't be interested in most of these properties. 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. Points have to logically work their way back to a fractional ownership. I feel like I was sucker punched during my owner's update. 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 mid-August 2021, Hyatt announced a major acquisition. Adding this with my initial investment this is crazy. Leave your cares behind. The acquisition of ALG fits well into Hyatts long-term strategy of flipping its business model to favor fee-based earnings. Hyatt has been a travel agent friendly brand and now they just bought access to all those travel agents selling leisure travel through ALG. All they want is money. All sides denied it, but kept talking about it, because a Wyndham-Diamond merger sounded like a good fit of timeshare cultures. This sounds like a fantastic upgrade opportunity for quality Diamond Resort owners. Settle in for a quiet escape, splash in the surf with the kids or rediscover the child in you on a Sunshine State adventure. So when January was coming close I decided to lower the $$ amount we would do. In 2021, Hyatt acquired more than 100 all-inclusive resorts part of the AMR Collection. We took a pass and will seek ways to no get out of our ownership - Hiton can cover our maintenance fees themselves! So we took a huge loss basically got $5,000 just to get out of the deed. Click the following link if youre looking for Hilton Grand Vacations resales. is the managing editor for news at TPG. Just got back from an unlimited luxury stay at Secrets Maroma (seemed like a good burn of sapphire points, last-min getaway). Not sure I like this. I bought into Diamond Resort and then the Hilton because the salesperson said we could sell it and or rent it out. We will love to be part of the class action suit. 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 He's at their Silver level and his maintenance fees are $2300. Now the company has spent more than five times as much on Apple Leisure Group. and if we did not our $400+ month maintenance fees would increase to $1,000 in January. I am excited to see how all of this unfolds. See the scenery on horseback, or go for a hike along the many trails. 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'll give some all-inclusive resorts a chance though since it's sometime nice to WORRY nothing but chill, eat, drink, and sleep. I think you should check out the newly opened Secrets in Puerto Vallarta. As a Globalist and a father of a 2 year old working on making another one, this is very exciting news for me. 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 . As for the cost Hyatts money structure is completely different from most other public companies due to the Pritzkers. Supposedly HGV Max is to launch today (10/5/22). your thoughts? 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. My maintenance fees would go up an additional $870 3. They cannot sell more points than they can occupy. I, too, am waiting to join a class action suit. owning time share properties is very stressful. Yep, they first offered me 4500 points and a cost of $16,000, then 2000 points for a cost of $8,300. No one will buy something they should get for free. No one gives you any answers. Please view our advertising policy page for additional details about our partners. Warning: This site requires Javascript to function properly. If you do a Class Action or anything to get our money back please let me know. So I decided rather than just giving our HGV property back for $0.00, I would try going through HGV resale. The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. 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. Now, you can earn and redeem World of Hyatt points at some of them.