is the managing editor for news at TPG. 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. After I got upset and said it criminal my sales associate disappeared, and he manager offered us the same membership for 30k . I believe more than $100,000. So when January was coming close I decided to lower the $$ amount we would do. Send tips to Clint.Henderson@thepointsguy.com. For the shorter term, Diamond owners will have to go through the same exchange exercise to book rooms at non-Diamond properties. Hyatt has completed its acquisition of Apple Leisure Group (ALG), which is a resort-management services, travel, and hospitality group. She did good and we feel for it. and if we did not our $400+ month maintenance fees would increase to $1,000 in January. Then I read somewhere that Hilton wont accept sales made through the timeshare companies and that sales had to go through Hilton resale department. Love Hyatt, but had high hopes for a different acquisition. Thank you all for your comments. I am not this one. 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. For an explanation of our Advertising Policy, visit. anybody got ANY IDEAS how to get out with no money involved? Here are the latest all-inclusive . Even after upgrading less than a year ago. HGVC and Diamond owners alike should push back hard on this. Tell them what you think!!!!! Didn't Secrete continually have issues with this? Their footprint in Europe is still minuscule. The portfolio has grown at a fast pace, from nine resorts in 2007 to approximately 100 resorts by the end of 2021, with 24 more executed deals in the pipeline. Hyatt Hotels has completed its acquisition of Apple Leisure Group, adding roughly 100 hotels and resorts to the Hyatt portfolio, including popular all-inclusive properties from brands like Secrets Resorts and Spas and Dreams Resorts and Spas. The ultra-luxury all-inclusive Dreams Resorts chain is coming under the Hyatt banner. Just got back from an unlimited luxury stay at Secrets Maroma (seemed like a good burn of sapphire points, last-min getaway). But. They tell me we have to upgrade, ( purchase another property) or we will never be eligible, even though we already own 2 properties. They do use other sales offices, you just cant do it. In August 2019, HGV announced it had hired an investment firm to review offers, which meant it was really up for sale. I guess people are ignoring the elephant in the room. We left without signing anything and Im very confused on what to do next.. We are new to this and I have no clue what to do. Bottom line. As new timeshare products become available, Hilton has hinted at a tight integration between the two vacation clubs. 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. Are resorts charging owners fees for COVID? Please view our advertising policy page for more information. He also has roots in Silicon Valley, where he directed public relations and marketing programs for high-tech companies. Strategic Indeed, was it right or wrong only time will tell. 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. 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. My husband then got very upset and said, why didnt they offer this to begin with.? 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. He is also a timeshare owner and member of RedWeek.com. Finest and Beloved are excellent (no pun intended) value and its a trip i like to make every year. $1,899 Per Stay. i do not fit into that creteria either. Its typical big business take over bs and its the equivalent of Elon musk coming to your home and showing you a video of how great Teslas are and encouraging you to test drive one then as soon as you do, confiscating the car you already own and paid for, and making you buy the Tesla or just sit in the driveway because they took out your engine. 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. On March 10 of this year, Apollo agreed to sell Diamond to HGV for $1.4 billion in a non-cash, all-stock transaction that will give Apollo 28 percent of HGV's stock and membership on its board of directors. How can you excess maintenance fees on properties that are no longer associated with the agreement? Great for short trips with affordable pricing in great central locations. I was forced to go to Las Vegas (or else I would have to pay for the room which is 1000 dollars. I have a deed at Lake Tahoe Vacation Resort but use Diamond points. As a point of comparison, in 2018 Hyatt acquired Two Roads Hospitality (which brought us brands like Alila and Thompson) for $480 million. 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. Once we pay off the loan can we sell it back. If it's so bad, go be loyal to Marriott. This will be complicated! 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. Its just a marketing ploy. Distinctive Hilton service. Hi we just had a sales pitch from HIlton ( we are diamond resort owners since 2005) and they wanted $68k to switch to Hilton max . Secrets Akumal Riviera Maya in Mexico. Previously, there were only a few upscale/luxury all-inclusives you could use Hyatt points at. Currently, Choice Hotel points can be used to book this very same properties, usually ranging between 40k and 60k hotel points. This answer was provided by RedWeek contributor, Jeff Weir. Warning: Your web browser is out of date. You have successfully joined our subscriber list. What this means for current DRI i.e. I saw Hilton Grand Vacations just agreed to buy Diamond Resorts. For Diamond owners, that should be an upgrade, according to the industry experts who talked to us about Hilton's buyout of Diamond. Supposedly HGV Max is to launch today (10/5/22). This merger should have just expanded the placed you could go, but instead turned into a money grab from the timeshare crooks. Now my question is, how long will it take HGV to throw the BS diamond told me out the back door, then try to force me to spend more $$$??? 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. We got suckered into these timeshares as well. Cash proceeds from the $2 billion asset sale programare expected to be usedto pay down debt, including debt incurred to fundthe acquisition. At which point, we backed out of the deal. Orlando. ALG is continuing to operatevery similarly to the way it did before the combination. 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). Just hope services, etc will be better. Nothing. 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. Something don't add up. Many people love their Ziva/Zilara all inclusive resorts. Compare the cost in points or miles to cash, and see which option is best. 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. I'd go there in a heartbeat on points if I could. -Secrets: luxury adult-only romantic Each Four or Five Diamond-rated resort had to undergo inspections to meet high standards in . I wonder if Hyatt is going to rebrand most/all these all inclusives to Zivas or Zilaras. 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 think you should check out the newly opened Secrets in Puerto Vallarta. A few days later they called again and you automatically go on hold was waiting over 45 minutes and when the person answered they hung up immediately. We travel to explore new places, eat delicious local foods and explore, all of these are generally harder with all-inclusive properties. TPG previously reached out to Hyatt for details on the integration with World of Hyatt. I wonder if Hilton will dramatically increase my value and if I could sell it in the future for more than is offered now. @ Christian -- Did they, that's interesting, as I don't think I've heard that before? your thoughts? I wasn't a fan either of all inclusives. If so please reach out to me as I too would like to seek legal justice in this matter. What have we gotten from that? I, too, am waiting to join a class action suit. Because that is a lot of additional money - I already own a deeded week and paid that much for 9000 points. Theres nothing cheap about what they sell. We will love to be part of the class action suit. It is such a convoluted mess. 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. 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 . 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. Secrets is NOT couples only, its just a focus. No one gives you any answers. We were told that, if we didnt upgrade to HGVC, wed be left with shrinking inventory and rising maintenance fees. 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. Slow down. Most helpful comments ( as chosen by the OMAAT community ). 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. We were encouraged to attend a presentation and I was interested in hearing about the acquisition, being Diamond owners. Why the negativity about this acquisition? 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. Basically the timeshare although we were always told its not a timeshare because you own a part of it! For others, its probably quite a bit less exciting. Does anyone know? Otherwise i will not have access to Hilton properties and some Diamond properties that do not meet Hilton standards will be closed. Curious as to what they all are. Being denied the right of use in any contract is a breach of the original contract . According to Hyatt, the company is currently working to determine how the World of Hyatt program and ALG's . I am paying roughly $1,894.12 per year for maintenance. Best, Donna. In 2009, 63% of Hyatts earnings came from owned and leased properties, with fee-based earnings making up the remaining 37%. Recently, Hyatt completed its acquisition of Apple Leisure Group, opening a new door to all-inclusive resorts for World of Hyatt members. Our passionate members who share a commitment to consistent, quality time away. These places are NOT luxury. Sharon. This will help funnel guests to current Hyatt properties and away from their competition. "As Diamond properties are rebranded under the HGV umbrella, they will be available for rental on Hilton.com.". Do you have a list of all ALG's properties? 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 would hope Hilton is large enough they are not trying to do this to previous owners. This is equal to $270.59 cents per night based on a seven night stay. Click the following link if youre looking for Hilton Grand Vacations resales. 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. When the transition is complete, HGV's management team, headed by CEO Mark Wang, will run the combined company. 2) I am not a big fan of all inclusive either, but it is a big segment. I own (have a deed) for a Diamond Resort property in Florida. One of the most notable changes is that Hilton has adjusted ClubPoint values to be 160% higher than before. Let's band together you cannot operate as a company like this and defraud people. 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.) It is based on a 100,000 dollar a year income. My only question is can we legally do something about this? One of Diamond Resorts flagship properties, Mystic Dunes Resort features an on-site golf course and restaurant. 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. Accommodations included a fully-equipped kitchen, laundry facilities and full bathroom. Press Esc to cancel. The AMR Collection checks that box, specializing in unlimited luxury all-inclusive experiences like gourmet a la carte dining and many amenities and perks usually not associated with all-inclusive resorts. The difficulty lies in finding any attorney or attorneys who will take this on.
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