In 2021, Hyatt acquired more than 100 all-inclusive resorts part of the AMR Collection. They lost a discrimination suit in 2004 and were forced to accept gay and lesbian couples as guests. Adding this with my initial investment this is crazy. The 50 most popular World of Hyatt redemptions, Do Not Sell or Share My Personal Information. They do not have anything listed that tells you all of the fees you will pay for every type of transaction you will make but they want you to agree to it and opt In. I stayed at Zotry Paraiso de la Bonita Riviera Maya last May. Secrets is NOT couples only, its just a focus. 4 Days/3 Nights. A friend recently stayed there and by her Snapchats and Instagram stories, it looked extremely upscale. All they want is money. Scottsdale Villa Mirage offers the ideal desert retreat with fully-equipped accommodations that feature a kitchen, fireplace and in-room washer and dryer. 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. We were at silver level. 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. As for the cost Hyatts money structure is completely different from most other public companies due to the Pritzkers. Now I'm selling my HGVC property. One of Diamond Resorts' flagship properties, Mystic Dunes Resort features an on-site golf course and restaurant. Hilton Grand Vacations Acquires Diamond Resorts - LoyaltyLobby Once we pay off the loan can we sell it back. 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. Brand dilution. i do not fit into that creteria either. I agree that this acquisition is not exciting to me. 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. Hyatt has completed its acquisition of Apple Leisure Group (ALG), which is a resort-management services, travel, and hospitality group. Are resorts charging owners fees for COVID? I hope you can provide me with some comments. It is such a convoluted mess. We've been approached by a mexican company saying they represent Tickets travel company. Has anyone sold their Polo towers? They tell me we have to upgrade, ( purchase another property) or we will never be eligible, even though we already own 2 properties. Here you can have the most relaxing vacation of your life, or enjoy some of the many outdoor adventures in the area. I called it a breach of contract. Diamond Club Members beware! 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!!! 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. 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. 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 . He worked in TV news for 20 years, including stints at ABC, MSNBC and Fox, before landing his dream job. 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. 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 . In mid-August 2021, Hyatt announced a major acquisition. Of course it was nothing but a sales pitch. Full disclosure: the author of this Ask RedWeek is a longtime owner at Diamond Resorts. Lasting vacation memories. Hyatt didn't buy a hotel portfolio, they bought a tour and travel agent company. That will include a centralized call center for all members to make reservations through Hilton, new travel packages that incorporate HGV and Diamond properties, new sales presentations for prospective buyers, new upgrade offers for existing members, etc. It's proven its resiliency and durability, said Mark Hoplamazian, president and CEO of Hyatt, on an investor call this morning. This is very exciting as it is @Jason, I agree with your take on this as well. Tucked on the foothills of the Great Smoky Mountains, Bent Creek Golf Village provides a relaxing retreat in Gatlinburg, Tennessee. 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. Loyalty programs arent going to be narrowly tailored to peoples tastes. I would advise everyone to seek counsel and start a lawsuit. Find your perfect Southwestern escape at Scottsdale Villa Mirage, comfortably set in the scenic Arizona landscape and distinctively decorated with traditional desert charm. The sales presentation was very misleading, and of course a hard sale, that we almost went with. 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. I think a class action will probably come, but still a little early right now, maybe next year. Presentations will tell members that they have to buy in to use the Hilton properties and benefits and at huge prices. Hyatt Hotels Corporation - Hyatt to Acquire Apple Leisure Group ALG is one of, if not the largest travel industry wholesalers in the world. I am a Diamond silver owner and I just went through a Hilton Update presentation. The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. That industry won't be the same for years or decades, these types of hotels will appeal to someone unwilling to get on a cruise ship and risk the Coronavirus-Norovirus roulette but still want that type of vacation. This seems like a quick fix for Hyatt Marketing to squawk about. I feel like I was sucker punched during my owner's update. In biblical terms, hire a David to slay these Goliaths who don't care about consumers. We were encouraged to attend a presentation and I was interested in hearing about the acquisition, being Diamond owners. 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.) 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. The customer is still right, and we still have choices. Hyatt Hotels Corporation , headquartered in Chicago , is a leading global hospitality company offering 20 premier brands. We took a pass and will seek ways to no get out of our ownership - Hiton can cover our maintenance fees themselves! 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. Totally agree. Nothing. Just got back from an unlimited luxury stay at Secrets Maroma (seemed like a good burn of sapphire points, last-min getaway). 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 ALG's AMR Collection brand portfolio, comprising approximately 100 hotels This is equal to $270.59 cents per night based on a seven night stay. What do you make of Hyatts acquisition of Apple Leisure Group? When the transition is complete, HGV's management team, headed by CEO Mark Wang, will run the combined company. So in other words, Hilton acquired diamond to take all its resorts to feed to their members, while locking diamond owners out of them, and forcing all the diamond owners to buy their more expensive project. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company offering 20 premier brands. Meanwhile, WoH members dont see a reasonable benefit imho. I had truly hoped that Hilton would prove to be a more ethical corporation than we experienced with Diamond but unfortunately weve found that the greed just changed names! I turned both of them down. TPG previously reached out to Hyatt for details on the integration with World of Hyatt. Hyatt has been a travel agent friendly brand and now they just bought access to all those travel agents selling leisure travel through ALG. The logic given was incomprehensible, as usual. They are far more knowledgeable than armchair commenters and travel bloggers who believe they know better how to run a Hotel group. As a point of comparison, in 2018 Hyatt acquired Two Roads Hospitality (which brought us brands like Alila and Thompson) for $480 million. Am I missing something here? Hyatt Residence Club provides flexible access to global travel experiences through a diverse portfolio of boutique residential-style retreats. Their footprint in Europe is still minuscule. What they are not telling you amidst all those marketing marveling and chanting of how great Hilton is, and how much they did a study looking at all the problems and complaints that diamond owners had worn their vacation packages, is that they are effectively FORCING diamond owners to buy Hilton points and convert over to the new HVG system. Best, Donna. I own properties in both Hilton (Las Vegas) and Diamond (LakeTahoe). Terrible decision makers at HGVC. The high-end of the pricing of what I'm seeing in some destinations is a Planet Hollywood property that's all-inclusive. So I just found out that the former Diamond Resorts are not available to Hilton Grand Vacation Club owners. Since Diamonds was acquired, can we get out of contract? If you do a Class Action or anything to get our money back please let me know. The $2.7 billion cash deal is expected to close in the fourth quarter of this year. I was told that there would be a fee associated with opting in--more points--who knows? 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. In particular, Hyatt will gain 40 properties in Spain and three in Greece. Marriott Vacation Club to buy Vistana, Hyatt, Interval - RedWeek We don't travel as much and our financial situation has changed. 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. Pritzkers lose interest and Hyatt will be gone (acquired) - regardless of any acquisitions. World of Hyatt's top all-inclusive contenders. $249 Per Stay. Well Im not playing along. 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. Think of it this way, before yesterday Hyatt had 100 less properties than they do today. Our current maintenance fees for the gold level our $6500. The acquisition of ALG fits well into Hyatts long-term strategy of flipping its business model to favor fee-based earnings. Pretty sure this isn't the last purchase Hyatt ever makes. This is an update to note that this agreement has now been finalized, and we have more of a sense of when World of Hyatt members can expect to benefit from this. We are in the same boat. Leisure travel has recovered more quickly than business travel. Does being fully vaccinated exempt me from travel restrictions? At the moment no details have been officially released by Hilton. We are new to this and I have no clue what to do. #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). 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. The prices are high-end, too; at Zoetry boutique properties, the average daily rate (ADR) is $400 a night. It is a HUGE step for Hyatt because many of these properties are all inclusive resorts at great locations. 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? 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. They were nice, and told me they would try to sell it. Send tips to Clint.Henderson@thepointsguy.com. They're Days Inn Level resorts that happen to be on the beach. Do you have a list of all ALG's properties? They only take Hilton Honors Points and refuse our HGVC owner club points. Feel bad for friend who have wedding there and spent thousands but not getting what she pay for. You clearly have never stayed at an AMResort property. Its just a marketing ploy. I believe more than $100,000. This will be complicated! It operates under the names Apple Vacations brands, CheapCaribbean.com and others. Bask Bank Review: My Go-To Savings Account. HGV offered no information on what will happen to Diamond's executives. I'll check back later. Were very bullish on leisure travel. Then I read somewhere that Hilton wont accept sales made through the timeshare companies and that sales had to go through Hilton resale department. This integration is now almost complete. Words matter. Leave your cares behind. I will assume Choice points will not be a option for booking these properties in the near future. You all sound like someone excited about an Olive Garden attached to some expensive mall. Since I arrive i told the sales lady ,we aren't spendding no more money. He's at their Silver level and his maintenance fees are $2300. Just hope services, etc will be better. This sounds like a fantastic upgrade opportunity for quality Diamond Resort owners. Following the acquisition of Dream Hotel Group's Dream Hotels, The Chatwal, and Unscripted Hotels brands, we will be adding additional lifestyle and luxury properties in the Americas and Europe to the Hyatt portfolio in key destinations like Nashville, Hollywood, South Beach, several new locations in New York City, and . 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! to all of you! I think I am paying for Disney Vacation $450 per year. ALG is continuing to operatevery similarly to the way it did before the combination. 2) I am not a big fan of all inclusive either, but it is a big segment. Experience the all-inclusive, adults-only Hyatt Vivid Hotels & Resorts. How are timeshare brands dealing with the pandemic? See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values. Dreams Resorts & Spas T oday Hyatt Hotels Corporation announced that it is buying luxury resorts. 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!!! I wonder if Hilton will dramatically increase my value and if I could sell it in the future for more than is offered now. If anyone on this forum hears of a class action, count me in. This merger doesn't sound like it was in any owner's favor even the Hilton owners. 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. The pandemic gave all major travel companies, including timeshares, a yearlong timeout to recalibrate for travel to resume. I need to get out of this contract. 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. Currently, Choice Hotel points can be used to book this very same properties, usually ranging between 40k and 60k hotel points. Great for short trips with affordable pricing in great central locations. This will greatly expand Hyatts footprint in the all-inclusive resort market, especially in the Caribbean, Mexico, 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. I'll give some all-inclusive resorts a chance though since it's sometime nice to WORRY nothing but chill, eat, drink, and sleep. This is $138.46 per week and points start balancing out to a week. 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. Try calling any of the other numbers and getting a number for that departmentit is non-existent and no one will give it to you or if they do it's an invalid number. ML, Thank you, Jeff, for your analysis. 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). Points have to logically work their way back to a fractional ownership. No one will buy something they should get for free. By the way, your comment about CheapCarribean.com shows you ignorance. By the way, your comment about CheapCarribean.com shows you ignorance. We expect Hyatt to reach 80% fee-based earnings by the end of 2024, said Hoplamazian. Makes Hyatt feel less desirable to me. It is based on double occupancy. As a result, 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. 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 travellers, he continued. No one gives you any answers. Each Four or Five Diamond-rated resort had to undergo inspections to meet high standards in . $1,899 Per Stay. The $4.7 billion acquisition of ILG's shares, due to close by the end of the year, adds 250,000 more owners to the Marriott network as it assimilates the owners, assets, and 40 resorts held by the Westin, Sheraton, and Hyatt timeshare chains, Interval's vast exchange network, the VRI management company, the Aston hotel chain (primarily in Its recommended to use a Licensed, Bonded, and Insured closing company. Appeal to a new type of customer? We accepted the offer. I do not fit the creteria. 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. For others, its probably quite a bit less exciting. 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. 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? This assesment could help educate you into making the right decision. How can you excess maintenance fees on properties that are no longer associated with the agreement? So we took a huge loss basically got $5,000 just to get out of the deed. 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. How can the owners unite and take the power back over from them and get the maintenance fee to where it needs to be?