Do you have a list of all ALG's properties? I am Gold with Diamond with 39,000 points and he wanted me to purchase up to 54,000. Its just a marketing ploy. Secrets, Zoetry & Sunscape properties were bookable using Choice Hotel points for between 40k-60k points per night. It was terrible stay, very slow service and seems unable to live up to 4 or 5 star reputation. 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. "Over time, we will provide additional details on how these two clubs might function together," HGV said in response to our questions. . Leave your cares behind. It was more like $35K. 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). Here are the latest all-inclusive . Dreams Resorts & Spas T oday Hyatt Hotels Corporation announced that it is buying luxury resorts. Option 3, was buy an extra 4500 points for $20K to be grandfathered into the unknown HGV plan. 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! 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. I agree that this acquisition is not exciting to me. Well Im not playing along. The original Escondido resort location has grown over the years, encompassing 450 acres where there are two 18-hole golf courses, seven swimming pools, a fitness center, five recreation centers,. Now I'm selling my HGVC property. I'd go there in a heartbeat on points if I could. There are no perks to try to urge us into travelling and saving a few bucks- we are gold preferred but prices have gotten so inflated we will never be able to at least try a HYAtt hotel. Im sad to say that we feel betrayed by Diamond Resorts and Hilton. 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. In 2021, Hyatt acquired more than 100 all-inclusive resorts part of the AMR Collection. In mid-August 2021, Hyatt announced a major acquisition. We are so glad that we did. This is very exciting as it is @Jason, I agree with your take on this as well. All sides denied it, but kept talking about it, because a Wyndham-Diamond merger sounded like a good fit of timeshare cultures. You have successfully joined our subscriber list. Hilton will be the 5th owner of that property since I bought it 17 years ago! 100 new properties to join World of Hyatt as Apple Leisure Group deal closes, This post contains references to products from one or more of our advertisers. We were encouraged to attend a presentation and I was interested in hearing about the acquisition, being Diamond owners. Secrets Akumal Riviera Maya in Mexico. 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. 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. HGV's expanded network will include 20 new markets and many drive-to destinations that Diamond offered to customers. My maintenance fees would go up an additional $870 3. 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. 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 Hotels Corporation , headquartered in Chicago , is a leading global hospitality company offering 20 premier brands. 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 don't know if he spoke the truth. These are not the Royalton properties under the Marriott umbrella. Or it is simply equal to $157.85 per monthly to keep my membership. In 2009, 63% of Hyatts earnings came from owned and leased properties, with fee-based earnings making up the remaining 37%. 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. Just book by specific location. Is there no one to stop these people? -Zoetry: luxury that kids can stay at but targeted to adults-only Our team of experts are ready to answer your questions about timesharing and the timeshare industry. We'll run a soft credit check to find special offers, but it wont affect your credit score. Presentations will tell members that they have to buy in to use the Hilton properties and benefits and at huge prices. A friend recently stayed there and by her Snapchats and Instagram stories, it looked extremely upscale. 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. So if enough of us stand strong they'll have to deal will us to get rid of some of those proprieties in the portfolio. It seems unless we spend more money we will have less to choose from. You clearly have never stayed at an AMResort property. 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 moment no details have been officially released by Hilton. Once we pay off the loan can we sell it back. It was recently announced that Hilton Grand Vacations has purchased Diamond Resorts. We just spent a week at Beachwoods Resort in Kitty Hawk, NC. The prices are high-end, too; at Zoetry boutique properties, the average daily rate (ADR) is $400 a night. Also strange how they said we missed the "pre-merger" option which was a cost of only $18,000 to move to the Hilton program. 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 write about travel trends and news you can use. The addition of ALGs properties will immediately double Hyatts global resorts footprint. 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. Does anyone know? ALG manages AMResorts, which includes Alua, Breathless, Dreams, Secrets, Sunscape, and more. Now if they just buy Motel1 in Europe (another one Ben will pan) and rebrand it to Canopy they will be set. Has anyone sold their Polo towers? -Dreams: upscale family-friendly I've been waiting to hear something about opting in. I will be researching the best way to unload this timeshare! For more TPG news delivered each morning to your inbox, sign up for our daily newsletter. Outside of banner ads published through the Boarding Area network, this compensation does not impact how and where products appear on this site. We were majorly scammed. What do you make of Hyatts acquisition of Apple Leisure Group? Now that HGV purchased Diamond we are being told by their sales staff that we now have to upgrade to Hilton HGV Max by paying an additional $20k in order to access to Hilton properties are else we will be only limited to Diamond's diminishing properties under their US collection. As new timeshare products become available, Hilton has hinted at a tight integration between the two vacation clubs. I hope you can provide me with some comments. A few thoughts: Hyatt has completed its acquisition of Apple Leisure Group, which is Hyatts biggest acquisition yet. Enjoy a day by one of the pools or practice your swing on the course. Thanks for the comments - I just went to the "update meeting about the merger" tonight (9/29/22) - .it was just a sales pitch like all of you said below. There's no shortage of places to stay with our wide collection of Florida timeshare resorts, where you'll feel at home with . As a result, Hyatt now offers one of the largest collections of luxury all-inclusive resorts in the world, including new . Mar 10, 2021 8:01AM EST (RTTNews) - Hilton Grand Vacations Inc. (HGV) has entered into an agreement to acquire Diamond Resorts International, Inc. in a stock-based deal with an equity value of. Aren't all of the Ziva/Zilara properties owned/run by Playa Resorts? They were nice, and told me they would try to sell it. Well just before year end an offer came in and it was very low. The high-end of the pricing of what I'm seeing in some destinations is a Planet Hollywood property that's all-inclusive. @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. Maintenance should also be lowered because the community of properties are a smaller selection. Are resorts charging owners fees for COVID? Probably for the best that Hyatt did not buy them to keep Excellence Group a secret (again no pun intended either). In the meantime, Diamond owners who have purchased Getaway or Sampler packages should pursue reservations through Diamond's existing reservations system. Recently was told that Diamond properties would be refurbished by Hilton. 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? Tucked on the foothills of the Great Smoky Mountains, Bent Creek Golf Village provides a relaxing retreat in Gatlinburg, Tennessee. All the paperwork is under Diamond but she keep saying that we where Hilton. Then if this is the case $138.46 all the way to $1894.12 shows a huge issue. Didn't Secrete continually have issues with this? Improve earnings, maximize rewards and track progress toward dream trips. I have stayed at several Hyatt Ziva's and had wonderful experiences (especially the Hyatt Ziva Cap Cana). 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.. We also went to the presentation because nothing in the account said Hilton. @Jason, I agree with your take on this as well. I do not fit the creteria. 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. Please view our advertising policy page for additional details about our partners. 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. Orlando. and if we did not our $400+ month maintenance fees would increase to $1,000 in January. 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. 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. At adults-only Secrets Resorts and family-friendly Dreams Resorts, rooms average $300 and $225 a night, respectively. Benefits the Business traveler? The sales presentation was very misleading, and of course a hard sale, that we almost went with. 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. I am curious to see how Hyatt prices this properties with regards to points. What is this transition going to mean for me in regards to my annual maintenance taxes and banked weeks. -Secrets: luxury adult-only romantic I need to get out of this contract. Ehhh. As of June 30, 2021, the Company's portfolio included more than 1,000 hotel. See more about our ethics policies here. This merger doesn't sound like it was in any owner's favor even the Hilton owners. Makes Hyatt feel less desirable to me. Terms apply to the offers listed on this page. When you stay at Flamingo Beach Resort, you will have all of this, and more. Plus I asked if there will be reduced number of resorts for Diamond members then what was sold to us is no longer valid. 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 saw Hilton Grand Vacations just agreed to buy Diamond Resorts. I am paying roughly $1,894.12 per year for maintenance. 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. Terrible article and hes getting more and more biased/entitled/opinionated/self-focused in his old(er) age (whereas IMHO he seemed a lot more balanced and objective in the past which is why I liked reading him). All-Inclusive is meh, but these are not luxury hotels. Its a nightmare! What's the big picture impact of this transaction and, more importantly, what does it mean for owners of both timeshare companies? I am a Diamond owner at Polo Towers, week 52, 2 bedroom 2 bath. 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. Each Four or Five Diamond-rated resort had to undergo inspections to meet high standards in . The US hotel group said in a statement Sunday that it has agreed to buy luxury resorts operator Apple Leisure Group from private equity firms KKR and KSL Capital Partners for $2.7 billion. Of course it was nothing but a sales pitch. They just added about 100 properties that you'll be able to book with points. anybody got ANY IDEAS how to get out with no money involved? I called it a breach of contract. We expect Hyatt to reach 80% fee-based earnings by the end of 2024, said Hoplamazian. I guess people are ignoring the elephant in the room. 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. So we took a huge loss basically got $5,000 just to get out of the deed. I wonder if Hyatt is going to rebrand most/all these all inclusives to Zivas or Zilaras. Find the right card for you. NOT WiTH HILTON! Basically the timeshare although we were always told its not a timeshare because you own a part of it! Too bad they are so greedy. Diamond Club Members beware! I have been approached by PEMEX to buy my 30K Diamond points. 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!!! Previously, there were only a few upscale/luxury all-inclusives you could use Hyatt points at. 1 | 2. They do use other sales offices, you just cant do it. How is going to effect me? This is a big letdown because the one thing I don't like about Hyatt is its small footprint. @Christian (and Ben), Sandals was structurally homophobic in the past (as were all such resorts). Being denied the right of use in any contract is a breach of the original contract . I feel like I was sucker punched during my owner's update. 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. ALG is one of, if not the largest travel industry wholesalers in the world. Anyone have a firm who shows interest? My thought is I am going to just sit tight and see what else they offer - this honestly can't be it. ALG is fundamentally an asset-light business with no hotel ownership, aligning perfectly with our strategic goals, said Hoplamazian. HGVC Owner here. Now the company has spent more than five times as much on Apple Leisure Group. We are in the same boat. So when January was coming close I decided to lower the $$ amount we would do. What this means for current DRI i.e. But. We appreciate your continuing updates to keep us informed. I have no experience with this but I thought they had issues in the past.maybe it was Sandals after all and not Secrets. Over the years we upgraded to more points for $$s. 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. Best, Donna. 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. ), 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. We are going to wait to the beginning of the year and see what they do. 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. For others, its probably quite a bit less exciting. It all has to go through them and then be accepted by HGV. Appeal to a new type of customer? Hyatt has spent a huge amount of money on this acquisition. This is a step in the right direction for World of Hyatt considering one of the biggest complaints from loyalty members is the smaller footprint of Hyatt compared to Marriott and Hilton. I was excited about that concept, though personally I cant say Im excited about the execution here. This site does not include all credit card companies or all available credit card offers. They didn't just buy AM Resorts. Javier - that is my question as well. Expansive Residential-Style Retreats Book Today, Plan Your Stay Hyatt Residence Club San Antonio, Wild Oak Ranch View Resort Details Need a Vacation? If you own more points you own more weeks in theory. There are a ton of very amazing properties here. This will help funnel guests to current Hyatt properties and away from their competition.
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