So my total to walk away would be $18K. Distinctive Hilton service. Advertiser Disclosure: Some links to credit cards and other products on this website will earn an affiliate commission. 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. This is not only brave on the part of Hyatt to invest a huge amount of cash, it does go to show that Hyatt is comfortable in charting a strategic course which would value add to their Brand portfolio and diversify the brand segments. For Diamond owners, that should be an upgrade, according to the industry experts who talked to us about Hilton's buyout of Diamond. #1, continue as is, but diamond would increase my maintenance fees by $800 per year going forward starting in 2024. 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!!! Click the following link if youre looking for Hilton Grand Vacations resales. See more about our ethics policies here. I'm thoroughly pissed off at HGVC. I have been trying to call people and fill out forms to have people call me for more information. For more TPG news delivered each morning to your inbox, sign up for our daily newsletter. We were encouraged to attend a presentation and I was interested in hearing about the acquisition, being Diamond owners. Hyatt Hotels to Acquire Apple Leisure Group, Parent of AMResorts Would have loved for them to buy Excellence, its the only all-inclusive i will ever consider. ALG also has over a dozen subsidiaries, including Apple Vacations, CheapCaribbean.com, Southwest Vacations, United Vacations, Unlimited Vacation Club, and more. Its a nightmare! 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. 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 write about travel trends and news you can use. I bought into Diamond Resort and then the Hilton because the salesperson said we could sell it and or rent it out. @ Christian -- Did they, that's interesting, as I don't think I've heard that before? 1. 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. I would advise everyone to seek counsel and start a lawsuit. "Over time, we will provide additional details on how these two clubs might function together," HGV said in response to our questions. If they rebrand a Diamond property it becomes a Hilton therefore no longer being available to us. My husband started having health problems and we were not able use the HGV! The difficulty lies in finding any attorney or attorneys who will take this on. ALG has resorts listed in Article secrets, dreams, breathless and more with partners. Im sad to say that we feel betrayed by Diamond Resorts and Hilton. So I decided rather than just giving our HGV property back for $0.00, I would try going through HGV resale. At the update I was told that I only had 3 choices with the merger. This gives members the ability to earn and redeem points at all kinds of new properties. Check here before booking an award fare. For the shorter term, Diamond owners will have to go through the same exchange exercise to book rooms at non-Diamond properties. ), 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. Appeal to a new type of customer? And they are still trying to sell new membership when the sales staff clearly have no clue what is happening! One of Diamond Resorts' flagship properties, Mystic Dunes Resort features an on-site golf course and restaurant. Since I arrive i told the sales lady ,we aren't spendding no more money. 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 . It operates under the names Apple Vacations brands, CheapCaribbean.com and others. -Zoetry: luxury that kids can stay at but targeted to adults-only The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company offering 20 premier brands. It all has to go through them and then be accepted by HGV. is the managing editor for news at TPG. 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!!! Something don't add up. Hyatt says the following brands are included in the deal: Apple Leisure (or ALG) also sells vacation packages and charters. Totally agree. Well the irony for me in this announcement, and the subsequent OMAAT article, its unreal. They do use other sales offices, you just cant do it. Best wishes to all going through this buyout! The customer is still right, and we still have choices. 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 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 to Acquire Apple Leisure Group, Expanding Global Brand Presence 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. Hyatt currently offers eight all-inclusives in the Caribbean and Mexico under the Hyatt Ziva and Zilara names, while the AMR Collection includes the Secrets, Dreams, Zoetry, Breathess, Alua, and Sunscape resort brands. This news may have a significant impact on owners of both clubs. Love Hyatt, but had high hopes for a different acquisition. Set in unique destinations from Maui, Carmel and. I wasn't a fan either of all inclusives. Recently, Hyatt completed its acquisition of Apple Leisure Group, opening a new door to all-inclusive resorts for World of Hyatt members. They cannot sell more points than they can occupy. 4 Days/3 Nights. But I do recall her saying we would still have access too all of our DRI resorts, as we have in the past. NOT WiTH HILTON! Not an easy task. they were pissed!! I would join the class action lawsuit. We also will love to get out of the Diamond Resort, since the merge with Hilton is been a nightmare. We will love to be part of the class action suit. For example, if you own a 1 Bedroom Grand at Elara in Gold season, you would have previously received 5,000 ClubPoints annually. When you stay at Flamingo Beach Resort, you will have all of this, and more. Timeshare News: Hilton Grand Vacations To Acquire Diamond Resorts Improve earnings, maximize rewards and track progress toward dream trips. I stayed at Zotry Paraiso de la Bonita Riviera Maya last May. How can you excess maintenance fees on properties that are no longer associated with the agreement? Hyatt has been a travel agent friendly brand and now they just bought access to all those travel agents selling leisure travel through ALG. Maybe they see the Covid writing on the wall for cruise lines and know that all-inclusive vacations will appeal to that customer. 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. As of June 30, 2021, the Company's portfolio included more than 1,000 hotel. Bens generally biased against all-inclusive (which is a great option for aspirational middle class consumers, in particular.) Supposedly HGV Max is to launch today (10/5/22). Is there no one to stop these people? Previously, there were only a few upscale/luxury all-inclusives you could use Hyatt points at. Find your perfect Southwestern escape at Scottsdale Villa Mirage, comfortably set in the scenic Arizona landscape and distinctively decorated with traditional desert charm. Aren't all of the Ziva/Zilara properties owned/run by Playa Resorts? We're excited about luxury in particular because we expect the global luxury travel market to grow at about 11% from 2021 to 2027.. Ben's "meh" headline was kinda "meh". Hyatt has spent a huge amount of money on this acquisition. I think I am paying for Disney Vacation $450 per year. Even after upgrading less than a year ago. HGVC and Diamond owners alike should push back hard on this. Tell them what you think!!!!! My maintenance fees would go up an additional $870 3. As a result, Hyatt now offers one of the largest collections of luxury all-inclusive resorts in the world, including new . Send tips to Clint.Henderson@thepointsguy.com. 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. 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.) Slow down. 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. Time to travel again, or take a different kind of vacation? All-Inclusive is meh, but these are not luxury hotels. We have updated all of the points charts on our website to reflect the new point values. This was this past year. In the meantime, Diamond owners who have purchased Getaway or Sampler packages should pursue reservations through Diamond's existing reservations system. Hawaii Timeshare Resorts Hilton Grand Vacations 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. And now HGV has made the biggest adjustment of all, buying Diamond, the largest independent timeshare company, to its portfolio. This is no way to transition the loyal Diamond members who have acted in good faith and had no say in the process. Cash proceeds from the $2 billion asset sale programare expected to be usedto pay down debt, including debt incurred to fundthe acquisition. The Hilton Grand Vacations team initially floated the idea last October of an all-stock acquisition of Diamond Resorts at an equity value of $840 million, according to a recent filing with the. Any ideas from anyone on how to let this timeshare go? ALG is fundamentally an asset-light business with no hotel ownership, aligning perfectly with our strategic goals, said Hoplamazian. This is $138.46 per week and points start balancing out to a week. 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. This is equal to $270.59 cents per night based on a seven night stay. Now I'm selling my HGVC property. 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! Hyatt Completes Acquisition of Apple Leisure Group, Creating Global He is also a timeshare owner and member of RedWeek.com. World Of Hyatt Adds 100+ All-Inclusive Resorts, New Award Chart We accepted the offer. Diamond Owners need to get together. @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. 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. Polo Towers/ The Club paid for & deeded owners is higher annual maintenance fees. 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).

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