What a lousy letdown - the place was anything but relaxing but instead, an adult day care with cheap and cheesy amenities to say the least. 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 . What a joke! The deal has an announced purchase price of $480 million with the potential for an additional $120 million based on the final terms. She keep talking and manipulating the situation. Cash proceeds from the $2 billion asset sale programare expected to be usedto pay down debt, including debt incurred to fundthe acquisition. 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. Nothing. The companies provided no guidance on what happens to those pre-paid vacation packages after HGV completes the buyout of Diamond Resorts. + Get 15,000 Hilton Honors Points. I have the same situation as Lorna posted in the previous comment. They just added about 100 properties that you'll be able to book with points. Hyatt Hotels to Acquire Apple Leisure Group, Parent of AMResorts You all sound like someone excited about an Olive Garden attached to some expensive mall. I need to get out of this contract. 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. Many of our features might not work. 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). I have been trying to call people and fill out forms to have people call me for more information. We were told that, if we didnt upgrade to HGVC, wed be left with shrinking inventory and rising maintenance fees. My husband then got very upset and said, why didnt they offer this to begin with.? I have stayed at several Hyatt Ziva's and had wonderful experiences (especially the Hyatt Ziva Cap Cana). This is a big letdown because the one thing I don't like about Hyatt is its small footprint. Otherwise i will not have access to Hilton properties and some Diamond properties that do not meet Hilton standards will be closed. 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. ALG also has over a dozen subsidiaries, including Apple Vacations, CheapCaribbean.com, Southwest Vacations, United Vacations, Unlimited Vacation Club, and more. He worked in TV news for 20 years, including stints at ABC, MSNBC and Fox, before landing his dream job. I think I am paying for Disney Vacation $450 per year. Inclusive Collection | Celebrate Every Moment 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. Being denied the right of use in any contract is a breach of the original contract . Appeal to a new type of customer? @ Julia -- Did I, or anyone else, say that this was a bad investment? 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 expects to sell $3.5 billion of hotel real estate over the next three years, including $1.5 billion worth of properties this year. 100 new properties to join World of Hyatt as Apple Leisure Group deal This news may have a significant impact on owners of both clubs. Maybe they see the Covid writing on the wall for cruise lines and know that all-inclusive vacations will appeal to that customer. LEARN MORE Show more Ive barely looked it over but am already excited about the top level eco brand available on Isles Mujares near Cancun and nice looking property near Tulum. My husband and I owned HGV for more than 10 years. Strategic Indeed, was it right or wrong only time will tell. The maintenance once I am not happy with has means of renting out rooms to collect money and those can be used toward maintenance and utilities etc. I'm not sure the properties are even worth the annual maintenance fees let alone the additional buy in $ they want1. Also, we thought the hard timeshare sales tactics of badmouthing the competition and making an offer contingent on your accepting it immediately were a thing of the past.! No one gives you any answers. I told them to suck wind during my presentation. I'm thoroughly pissed off at HGVC. Explore Vacation Ownership | Hilton Grand Vacations 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. The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. Please view our advertising policy page for more information. I wonder if Hilton will dramatically increase my value and if I could sell it in the future for more than is offered now. The 50 most popular World of Hyatt redemptions, Do Not Sell or Share My Personal Information. I would guess they would have some objections to using the same branding for these "new" properties, particularly since some are going to be directly competing with existing Ziva/Zilara properties. 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,. But sometime down the road, the two clubs are likely to be combined under one roof named Hilton with all the brand-name benefits that Hilton Grand Vacations (HGV) already provides existing owners. You can now earn and redeem Hyatt points at select AMR Collection all 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. Enjoy a day by one of the pools or practice your swing on the course. So we took a huge loss basically got $5,000 just to get out of the deed. Basically the timeshare although we were always told its not a timeshare because you own a part of it! HGVC Owner here. Worse move we ever made. 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). 3) Folks like Ben should just focus more on cash bookings at high end, independent and 3) Folks like Ben should just focus more on cash bookings at high end, independent and boutique hotels. Jeff is a California-based journalist who has covered California, Congress, and the White House. Make sure you say that you saw this message via ''Red Week''. I have acquired a lung disease that prevents me from traveling, they do not care about debilitating health issues. 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. I wasn't a fan either of all inclusives. anybody got ANY IDEAS how to get out with no money involved? You complainers need to quit yer bitchin'. 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. Just got back from an unlimited luxury stay at Secrets Maroma (seemed like a good burn of sapphire points, last-min getaway). 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 Gold members of Diamond and made the horrible mistake of paying the fees to to include Hilton HGVC. Experience the all-inclusive, adults-only Hyatt Vivid Hotels & Resorts. 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? As new timeshare products become available, Hilton has hinted at a tight integration between the two vacation clubs. "Over time, we will provide additional details on how these two clubs might function together," HGV said in response to our questions. Secrets Mallorca Villamil Resort & Spa now joins the Hyatt portfolio, SUNSHINE STATE SEES STARS: The Michelin Guide comes to Florida, SHANGHAI DISNEY SUDDENLY SHUT OVER COVID CASE. It appears to real and not a scam but I remain concerned. I am single. There are a ton of very amazing properties here. 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. What do you make of Hyatts acquisition of Apple Leisure Group? ALGs portfolio includes over 33,000 rooms operating in 10 countries. Leisure travel appeals to all income levels, so if you want to get big in leisure travel, it cant be all 100% super luxury. There's no shortage of places to stay with our wide collection of Florida timeshare resorts, where you'll feel at home with . I am a Diamond silver owner and I just went through a Hilton Update presentation. @Christian (and Ben), Sandals was structurally homophobic in the past (as were all such resorts). We told them we'd think about it, and they said the offer was only good for today. 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). 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. Well just before year end an offer came in and it was very low. 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). Miles of pristine beaches, tiny island keys and underwater reefs surround the boundaries of this southeastern peninsula providing the quintessential vacation destination where an inland oasis offers high energy adventure with endless amusement parks, entertainment and shopping extravaganzas.A stones throw away from the clear blue waters of the Atlantic, Ocean Beach Club offers a quiet, relaxing atmosphere to come back to at the end of the day. I dread the day that I have to make a reservation. I for one am super-excited about this. Bens generally biased against all-inclusive (which is a great option for aspirational middle class consumers, in particular.) Loyalty programs arent going to be narrowly tailored to peoples tastes. Now I'm selling my HGVC property. I was told that there would be a fee associated with opting in--more points--who knows? How will Hilton buying Diamond affect owners of both clubs? Most helpful comments ( as chosen by the OMAAT community ). The primary reason for this change is because Hilton wants to make it easier behind-the-scenes to integrate the club vacation clubs with one shared booking system. The main point was that i had to buy into Hilton Max. The resort is set on more than 600 acres and includes condo-style accommodations with full kitchens, living rooms, dining rooms and bathrooms. Both Hilton and Diamond are trying to screw the owners out of another $20K. Marriott Vacations Worldwide Completes Acquisition of Welk Resorts It's a world where, in times of economic crisis, the toughest survive. Option 3, was buy an extra 4500 points for $20K to be grandfathered into the unknown HGV plan. Since I arrive i told the sales lady ,we aren't spendding no more money. 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. You have successfully joined our subscriber list. 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. "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. @Jason, I agree with your take on this as well. Gonzalo del Pen, Group President, AMResorts Americas & Global Commercial, said the merger will allow the company to offer more options to guests and realize expanded growth potential. The addition of ALGs properties will immediately double Hyatts global resorts footprint. 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. 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. Secrets is NOT couples only, its just a focus. I, too, am waiting to join a class action suit. Presentations will tell members that they have to buy in to use the Hilton properties and benefits and at huge prices. 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. Is this real? Do you have a list of all ALG's properties? In the near future, I'm guessing that HGV will only drag us diamond owners thru the mud a few more times before it's all said and done!!! Marriott Vacations Worldwide bought independent Welk Resorts to add eight more high-touch resorts to its portfolio. Ben's "meh" headline was kinda "meh". ALGs portfolio of luxury brands, leadership in the all-inclusive segment and large pipeline of new resorts will extend our reach in existing and new markets, including in Europe, and further accelerate our industry-leading net rooms growth. Would absolutely love if they bought it but not sure I would want it to be rebranded to Canopy. We expect Hyatt to reach 80% fee-based earnings by the end of 2024, said Hoplamazian. As its described, heres what Hyatt is hoping to gain by acquiring ALG: Heres how Hyatt CEO Mark Hoplamazian described the acquisition when it was first announced: With the asset-light acquisition of Apple Leisure Group, we are thrilled to bring a highly desirable independent resort management platform into the Hyatt family. Find your perfect Southwestern escape at Scottsdale Villa Mirage, comfortably set in the scenic Arizona landscape and distinctively decorated with traditional desert charm. Does being fully vaccinated exempt me from travel restrictions? Honest question -- how much cheaper can all-inclusives get? Our team of experts are ready to answer your questions about timesharing and the timeshare industry. Once again they use scare tactics and carefully worded phrases in their attempts to have you pay again for access that we already purchased. 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). If they rebrand a Diamond property it becomes a Hilton therefore no longer being available to us. It would have been easy to figure out what our Diamond points are worth in HGVC and moved them over. 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 own (have a deed) for a Diamond Resort property in Florida. Points have to logically work their way back to a fractional ownership. 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. Currently, Choice Hotel points can be used to book this very same properties, usually ranging between 40k and 60k hotel points. At which point, we backed out of the deal. and if we did not our $400+ month maintenance fees would increase to $1,000 in January. They sold the Diamond acquisition as something we would have access to last year. Should not our contacts be canceled and money returned? I think both of those are factually correct? If it's so bad, go be loyal to Marriott. Orlando. For a full view HGV's position on the acquisition, see this presentation made for investors. It is based on double occupancy. This will greatly expand Hyatts footprint in the all-inclusive resort market, especially in the Caribbean, Mexico, and Europe. Because that is a lot of additional money - I already own a deeded week and paid that much for 9000 points. 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. Of course it was nothing but a sales pitch. How is going to effect me?
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