I do not fit the creteria. With this deal, more than 110,000 members of ALGs Unlimited Vacation Club will be brought into the Hyatt fold. Orlando. ALGs portfolio includes over 33,000 rooms operating in 10 countries. We took a pass and will seek ways to no get out of our ownership - Hiton can cover our maintenance fees themselves! Make sure you say that you saw this message via ''Red Week''. We don't travel as much and our financial situation has changed. Begin typing your search above and press return to search. Then when hotel operators decide they're going rogue, there won't be much Hyatt can do about it. We also went to the presentation because nothing in the account said Hilton. The logic given was incomprehensible, as usual. 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. The . I have been approached by PEMEX to buy my 30K Diamond points. I'm not overly excited about this news but there are probably some interesting hotels hidden in the portfolio in Spain that might come in useful. They are offering us 4.25 a point. I'm thoroughly pissed off at HGVC. 1 | 2. Cash proceeds from the $2 billion asset sale programare expected to be usedto pay down debt, including debt incurred to fundthe acquisition. My maintenance fees would go up an additional $870 3. Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company offering 20 premier brands. To get access to use Diamond properties, they want another $20K membership. 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 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.". I wasn't a fan either of all inclusives. 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. Appeal to a new type of customer? to all of you! Hilton Grand Vacations To Acquire Diamond Resorts - Quick Facts @ Julia -- Did I, or anyone else, say that this was a bad investment? The 50 most popular World of Hyatt redemptions, Do Not Sell or Share My Personal Information. All-Inclusive is meh, but these are not luxury hotels. 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 expects to sell $3.5 billion of hotel real estate over the next three years, including $1.5 billion worth of properties this year. ALG is one of, if not the largest travel industry wholesalers in the world. Our current maintenance fees for the gold level our $6500. I wonder if Hyatt is going to rebrand most/all these all inclusives to Zivas or Zilaras. 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 . In 2009, 63% of Hyatts earnings came from owned and leased properties, with fee-based earnings making up the remaining 37%. It appears to real and not a scam but I remain concerned. All and all I eventually added it all up and the amount we had invested was astounding! Terms apply to the offers listed on this page. 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! @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 gives members the ability to earn and redeem points at all kinds of new properties. The ultra-luxury all-inclusive Dreams Resorts chain is coming under the Hyatt banner. 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 $$$??? Ben's "meh" headline was kinda "meh". This is no way to transition the loyal Diamond members who have acted in good faith and had no say in the process. This is very exciting as it is going to flip the script. Many of our features might not work. Explore Vacation Ownership | Hilton Grand Vacations They only take Hilton Honors Points and refuse our HGVC owner club points. I'll check back later. 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? Hyatt has been a travel agent friendly brand and now they just bought access to all those travel agents selling leisure travel through ALG. She did good and we feel for it. The presentation is just a sales pitch so they can get paid. Well the irony for me in this announcement, and the subsequent OMAAT article, its unreal. See more about our ethics policies here. 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. Too bad they are so greedy. Marriott Vacation Club to buy Vistana, Hyatt, Interval - RedWeek Adding this with my initial investment this is crazy. I think Ben is correct, I would never stay at an all inclusive resort either, ( remembering Club Med ) hes merely pointing out a new business acquisition which in itself is great news. It is always stressful. There's no shortage of places to stay with our wide collection of Florida timeshare resorts, where you'll feel at home with . Through the acquisition, Hyatt has added properties in 11 new European markets and expanded its European brand footprint by 60%, strengthening Hyatts growth potential in a critical region for global leisure travel demand. 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!!! I do wonder how Hyatt will approach the issue of the Secrets brand being couples only when they have been so LGBTQ+ friendly. We have updated all of the points charts on our website to reflect the new point values. In the meantime, Diamond owners who have purchased Getaway or Sampler packages should pursue reservations through Diamond's existing reservations system. The high-end of the pricing of what I'm seeing in some destinations is a Planet Hollywood property that's all-inclusive. @ Christian -- Did they, that's interesting, as I don't think I've heard that before? Hyatt has completed its acquisition of Apple Leisure Group (ALG), which is a resort-management services, travel, and hospitality group. Terrible decision makers at HGVC. I am not going to sign up. They cannot sell more points than they can occupy. Would absolutely love if they bought it but not sure I would want it to be rebranded to Canopy. 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. I'll give some all-inclusive resorts a chance though since it's sometime nice to WORRY nothing but chill, eat, drink, and sleep. Scottsdale Villa Mirage offers the ideal desert retreat with fully-equipped accommodations that feature a kitchen, fireplace and in-room washer and dryer. Had my owner's update in Feb 22. We are Gold members of Diamond and made the horrible mistake of paying the fees to to include Hilton HGVC. Bottom line. Shameful! 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. I own properties in both Hilton (Las Vegas) and Diamond (LakeTahoe). Would have loved for them to buy Excellence, its the only all-inclusive i will ever consider. The real question is, will Hyatt be entering this market as a player or will they remain in the hotel business and break up ALG to pieces. I write about travel trends and news you can use. For others, its probably quite a bit less exciting. In 2021, Hyatt acquired more than 100 all-inclusive resorts part of the AMR Collection. When you stay at Flamingo Beach Resort, you will have all of this, and more. Were very bullish on leisure travel. Hilton Vacation Club will be the new sub-brand for Diamond Resorts in the future, with Hilton Grand Vacations remaining as Hiltons top-tier timeshare product. See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values. I have been trying to call people and fill out forms to have people call me for more information. I am paying roughly $1,894.12 per year for maintenance. What's funny is the crooks running this timeshare want $20K from HGVC owners to use Diamond Properties, but then they also want $20K for Diamond owners to use HGVC properties. 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. 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. 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. At the moment no details have been officially released by Hilton. Not an easy task. As long as they think Hyatt can afford it, Hyatt can. Hyatt hired competent professionals assessing/reviewing these deals. One of Diamond Resorts' flagship properties, Mystic Dunes Resort features an on-site golf course and restaurant. Due to Hilton also adjusting the Hilton points charts proportionally that determine how many points it takes to make reservations at each resort, the amount of vacation time for each ownership will stay exactly the same. The lower level properties will also be great for attracting younger families into Hyatt. Do you have a list of all ALG's properties? We are so glad that we did. How are timeshare brands dealing with the pandemic? Hilton will be the 5th owner of that property since I bought it 17 years ago! Secrets, Zoetry & Sunscape properties were bookable using Choice Hotel points for between 40k-60k points per night. We were encouraged to attend a presentation and I was interested in hearing about the acquisition, being Diamond owners. Hyatt Buys High-End Chain To Help It Compete With Hotel Giants - Forbes + Get 15,000 Hilton Honors Points. The sales presentation was very misleading, and of course a hard sale, that we almost went with. OR the sales staff is just using a high pressure scare tactic! I wonder if Hilton will dramatically increase my value and if I could sell it in the future for more than is offered now. owning time share properties is very stressful. These are not the Royalton properties under the Marriott umbrella. My thought is I am going to just sit tight and see what else they offer - this honestly can't be it. 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.. But at that point I did not want to pay any more maintenance dues. ALG has now been purchased for $2.7 billion in cash from KKR and KSL Capital Partners. Our team of experts are ready to answer your questions about timesharing and the timeshare industry. Editorial Disclosure: The editorial content on this page is not provided by any entity mentioned herein. Then fractional ownership of condo for example would have to divide say $300 a month for the HOA and here guessing $300 a month on utilities this is $600 a month and $7200 a year. 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 called it a breach of contract. Hyatt is betting on luxury travel with $2.7 billion resorts deal The $2.7 billion cash deal is expected to close in the fourth quarter of this year. Supposedly HGV Max is to launch today (10/5/22). Hyatt to buy Apple Leisure Group (Secrets, Dreams, etc) I love Motel1 in Europe and they have been expanding at a fast clip. Has anyone sold their Polo towers? 5 Days/4 Nights. The so called plus for option 3 was, if we called into a special diamond department during a specified window of time and booked 20K of our 30K points at a non-diamond resort, then diamond would apply a credit of $6500 towards our maintenance fees. Our passionate members who share a commitment to consistent, quality time away. We left without signing anything and Im very confused on what to do next.. 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 am a Diamond owner at Polo Towers, week 52, 2 bedroom 2 bath. At the update I was told that I only had 3 choices with the merger. World of Hyatt's top all-inclusive contenders. During the trip following, my husband decided to attend another of their "meetings" and they explained that we needed to put in another $10K to ultimately save on maintenance fees. The ultra-luxury all-inclusive Dreams Resorts chain is coming under the Hyatt banner. Let's band together you cannot operate as a company like this and defraud people. HGV's expanded network will include 20 new markets and many drive-to destinations that Diamond offered to customers. I wish I had added it up before. It is such a convoluted mess. Well I refused. Was looking at wedding venues for a gay wedding in Mexico and read nothing but praise for the Secrets location we looked at (Playa Mujeres). I am Gold with Diamond with 39,000 points and he wanted me to purchase up to 54,000. #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). Not sure I like this.
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