Does being fully vaccinated exempt me from travel restrictions? Then when hotel operators decide they're going rogue, there won't be much Hyatt can do about it. We strongly believe we can achieve more together said ALG president and CEO Alejandro Reynal, who will continue to lead ALG as a distinct business unit within Hyatt. "As Diamond properties are rebranded under the HGV umbrella, they will be available for rental on Hilton.com.". All and all I eventually added it all up and the amount we had invested was astounding! So my total to walk away would be $18K. No one will buy something they should get for free. All prices in U.S. dollars unless otherwise stated. Hyatt senior vice president of loyalty, brand marketing and consumer insights Amy Weinberg told TPG: Hyatt, in a press release announcing the news, said, Whether youre planning a rejuvenating wellness break, time to relax for two, some quality family time or the ultimate destination wedding, the planned addition of these new resorts to Hyatts existing collection of 1,000+ hotels will give you even more memory-making options., Related: A complete guide to Hyatt Hotels. 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. Time to travel again, or take a different kind of vacation? 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. If you do a Class Action or anything to get our money back please let me know. Many people love their Ziva/Zilara all inclusive resorts. Lasting vacation memories. Recently was told that Diamond properties would be refurbished by Hilton. 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. One of Diamond Resorts flagship properties, Mystic Dunes Resort features an on-site golf course and restaurant. 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. SOLD OUT. Outside of banner ads published through the Boarding Area network, this compensation does not impact how and where products appear on this site. I think a class action will probably come, but still a little early right now, maybe next year. 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'll give some all-inclusive resorts a chance though since it's sometime nice to WORRY nothing but chill, eat, drink, and sleep. -Zoetry: luxury that kids can stay at but targeted to adults-only To book stays at non-HGV resorts and Diamond inventory, HGV owners will need to go through an exchange company probably RCI or Interval International to secure a reservation. @Jason, I agree with your take on this as well. they were pissed!! So when January was coming close I decided to lower the $$ amount we would do. I have stayed at several Hyatt Ziva's and had wonderful experiences (especially the Hyatt Ziva Cap Cana). The result, so far: Wyndham Destinations rebranded its entire company to shift towards a travel-club model that offers all travel services, not just reservations at timeshares. 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. She keep talking and manipulating the situation. The resort is set on more than 600 acres and includes condo-style accommodations with full kitchens, living rooms, dining rooms and bathrooms. As a Globalist and a father of a 2 year old working on making another one, this is very exciting news for me. I have acquired a lung disease that prevents me from traveling, they do not care about debilitating health issues. The price per points is a small profit to what I paid over the years for my DRI gold status. The ultra-luxury all-inclusive Dreams Resorts chain is coming under the Hyatt banner. Too bad they are so greedy. I turned both of them down. 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). Really opened my eyes into this segment of resorts (aside from The Excellence, Just got back from an unlimited luxury stay at Secrets Maroma (seemed like a good burn of sapphire points, last-min getaway). -Breathless: luxury adult-only social Sharon. 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. 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. Now if they just buy Motel1 in Europe (another one Ben will pan) and rebrand it to Canopy they will be set. 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. Yep, they first offered me 4500 points and a cost of $16,000, then 2000 points for a cost of $8,300. In 2021, Hyatt acquired more than 100 all-inclusive resorts part of the AMR Collection. 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. Full disclosure: the author of this Ask RedWeek is a longtime owner at Diamond Resorts. 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 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.". Ben's "meh" headline was kinda "meh". It operates under the names Apple Vacations brands, CheapCaribbean.com and others. We told them we'd think about it, and they said the offer was only good for today. This is huge for Hyatt leisure travellers, espcially those with families. 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. Their footprint in Europe is still minuscule. The . Our team of experts are ready to answer your questions about timesharing and the timeshare industry. How can the owners unite and take the power back over from them and get the maintenance fee to where it needs to be? Make sure you say that you saw this message via ''Red Week''. These all-inclusives also compete directly with the cruise industry, which may take years to return to it's previous dominance, so I think it makes great financial sense for Hyatt to make this move. For others, its probably quite a bit less exciting. 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. Hyatt and ALG have highly complementary brand portfolios and share a deep commitment to colleague and guest experiences focused on care, Mark Hoplamazian, Hyatts president and chief executive officer, said in a statement. It is based on a 100,000 dollar a year income. We've been approached by a mexican company saying they represent Tickets travel company. How will Hilton buying Diamond affect owners of both clubs? Our current maintenance fees for the gold level our $6500. Pritzkers lose interest and Hyatt will be gone (acquired) - regardless of any acquisitions. Of course it was nothing but a sales pitch. Improve earnings, maximize rewards and track progress toward dream trips. After I got upset and said it criminal my sales associate disappeared, and he manager offered us the same membership for 30k . This is no way to transition the loyal Diamond members who have acted in good faith and had no say in the process. Any increase in Hyatt hotels in Mexico and the Caribbean is FANTASTIC. ALG is fundamentally an asset-light business with no hotel ownership, aligning perfectly with our strategic goals, said Hoplamazian. Benefits the Business traveler? Can you provide some industry guidance? Jeff is a California-based journalist who has covered California, Congress, and the White House. I am paying roughly $1,894.12 per year for maintenance. They were nice, and told me they would try to sell it. I am interested in knowing if anyone is, actually, working on a class action suit that you have mentioned? 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 Let's band together you cannot operate as a company like this and defraud people. It is always stressful. How is this sane? A cheap Cruise Ship on the ground. Now the company has spent more than five times as much on Apple Leisure Group. I wonder if Hilton will dramatically increase my value and if I could sell it in the future for more than is offered now. 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. What is this transition going to mean for me in regards to my annual maintenance taxes and banked weeks. Settle in for a quiet escape, splash in the surf with the kids or rediscover the child in you on a Sunshine State adventure. My husband and I owned HGV for more than 10 years. Now are asking me to buy into Hilton and I thought I have already bought into a time share that says I can travel the world and now I have limits. 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. Does anyone know? This is very exciting as it is @Jason, I agree with your take on this as well. I told them to suck wind during my presentation. The acquisition of ALG fits well into Hyatts long-term strategy of flipping its business model to favor fee-based earnings. I will say this again, how does this acquisition by Hyatt affect Choice Hotels. As for the cost Hyatts money structure is completely different from most other public companies due to the Pritzkers. The hotel company hassecured a $1.7 billion financing commitment from J.P. Morgan. By adjusting the value of ClubPoints, the numbers more easily map to the points values used by Diamond Resorts. Appeal to a new type of customer? If nobody signs up, then they will be forced to go back to the drawing board. I love Motel1 in Europe and they have been expanding at a fast clip. I think both of those are factually correct? For consumers who like all-inclusive properties, this is great news. HGVC Owner here. I will assume Choice points will not be a option for booking these properties in the near future. Cash proceeds from the $2 billion asset sale programare expected to be usedto pay down debt, including debt incurred to fundthe acquisition. Any ideas from anyone on how to let this timeshare go? HGV's expanded network will include 20 new markets and many drive-to destinations that Diamond offered to customers. I have no intention of joining HGV. I am Diamond member since 2007 and last year even upgraded to a platinum membership status. Please download an updated and supported browser . This answer was provided by RedWeek contributor, Jeff Weir. You will never be bored while you are staying here, unless of course you simply want to sit back and do nothing, which you are more than welcome to do. Hyatt has been a travel agent friendly brand and now they just bought access to all those travel agents selling leisure travel through ALG. Javier - that is my question as well. document.getElementById( "ak_js" ).setAttribute( "value", ( new Date() ).getTime() ); I am disappointed because the UVC I joined many years ago gave my husband and I affordable travel-not so much anymore as many of the hotels I visited have not stayed in the group and HYatt is so high end that we cannot afford to visit as often as we like. Recently, Hyatt completed its acquisition of Apple Leisure Group, opening a new door to all-inclusive resorts for World of Hyatt members. i do not fit into that creteria either. Ehhh. So I decided rather than just giving our HGV property back for $0.00, I would try going through HGV resale. No thanks, as Im a 100% leisure traveler. I'd go there in a heartbeat on points if I could. 1 | 2. To get access to use Diamond properties, they want another $20K membership. We are in the same boat. anybody got ANY IDEAS how to get out with no money involved? I called it a breach of contract. Now, you can earn and redeem World of Hyatt points at some of them. We are so glad that we did. This merger should have just expanded the placed you could go, but instead turned into a money grab from the timeshare crooks. I believe Hilton has screwed all of its current club members!!! 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 $$$??? 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. ALG has resorts listed in Article secrets, dreams, breathless and more with partners. Option 3, was buy an extra 4500 points for $20K to be grandfathered into the unknown HGV plan. 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. Totally agree. All-Inclusive is meh, but these are not luxury hotels. Maintenance should also be lowered because the community of properties are a smaller selection. 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. Pretty sure this isn't the last purchase Hyatt ever makes. As of June 30, 2021, the Company's portfolio included more than 1,000 hotel. We are new to this and I have no clue what to do. 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. In addition, theacquisitionwill also bring Hyatts brand into 11 new European markets. Didn't Secrete continually have issues with this? My only question is can we legally do something about this? This will greatly expand Hyatts footprint in the all-inclusive resort market, especially in the Caribbean, Mexico, and Europe. 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. They sold the Diamond acquisition as something we would have access to last year. ML, Thank you, Jeff, for your analysis. In mid-August 2021, Hyatt announced a major acquisition. 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). As a result, Hyatt now offers one of the largest collections of luxury all-inclusive resorts in the world, including new . Youll find all the comforts of home while enjoying the resorts amenities, including an outdoor pool and hot tub, childrens pool and fitness center. I told him no. I do not fit the creteria. 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 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. Leave your cares behind. I am a Diamond owner at Polo Towers, week 52, 2 bedroom 2 bath. ALG has now been purchased for $2.7 billion in cash from KKR and KSL Capital Partners. 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. If the past acquisitions by Hyatt are any indication, this translates to 100+ more Category 7 or 8 properties that Ill never stay at. owning time share properties is very stressful. They are offering us 4.25 a point. We were at silver level. This news may have a significant impact on owners of both clubs. Interval International has over 2,500 resorts in over 80 countries around the world that are part of their exchange program. I planned to use the reminder of my Choice points for booking one of those properties in Mexico or Jamaica. At Selling Timeshares, Inc., Exchanging Marriott Vacation weeks through Interval International is a great way to get more out of an MVC membership. If so please reach out to me as I too would like to seek legal justice in this matter. If anyone on this forum hears of a class action, count me in. The high-end of the pricing of what I'm seeing in some destinations is a Planet Hollywood property that's all-inclusive. I spoke to my buddy tonight and he owns a Wyndham timeshare. 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. Plus, your own feed of TPG content. Secrets is NOT couples only, its just a focus. 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. Also strange how they said we missed the "pre-merger" option which was a cost of only $18,000 to move to the Hilton program. I have a deed at Lake Tahoe Vacation Resort but use Diamond points. He is also a timeshare owner and member of RedWeek.com. 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. Anyone have a firm who shows interest? 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. On paper, the HGV buyout of Diamond appears to be a big win for HGV and a muddled ending for Diamond, which was bought by Apollo Global Management (an investment fund) in 2016 for $2.2 billion. I am simply not falling for any more lies. While I love traveling to Europe and get very excited when Hyatt adds hotels in Italy or France, getting a long list of high quality all inclusive resorts available for points would get most Hyatt members excited. I recently went to the DRI website to make reservations for next year, and NOTHING is available now, no matter which dates I put in within the year timeframe. No thanks. A day later or so out of the blue they call and I am on hold first time for an hour and when the person answered they hung up immediately without speaking. Its a nightmare! He worked in TV news for 20 years, including stints at ABC, MSNBC and Fox, before landing his dream job. The first three are huge to me as they are a great portfolio of adult-only/targeted all-inclusives that are way outside of what most people would consider all-inclusive. I have been approached by PEMEX to buy my 30K Diamond points. Worse move we ever made. 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. In August, The Wall Street Journal reported that the deal would cost Hyatt roughly $2.7 billion in cash plus some debt. No one gives you any answers. Resorts across all companies have had issues with this in Jamaica for a while, but Secrets has had no issues as a brand as far as I know of. -Sunscape: budget family-friendly. LEARN MORE. Both Hilton and Diamond are trying to screw the owners out of another $20K. It all has to go through them and then be accepted by HGV. I don't care for all-inclusive properties, so I won't be interested in most of these properties. Set in unique destinations from Maui, Carmel and. One, Some shocking numbers have been recently shared by the U.S. Travel Associations Project Time Off, in the 2017 report titled The State of the American Vacation. We will love to be part of the class action suit. Leisure travel has recovered more quickly than business travel. They only take Hilton Honors Points and refuse our HGVC owner club points. One of Diamond Resorts' flagship properties, Mystic Dunes Resort features an on-site golf course and restaurant. Warning: Your web browser is out of date. 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. The companies provided no guidance on what happens to those pre-paid vacation packages after HGV completes the buyout of Diamond Resorts. It's proven its resiliency and durability, said Mark Hoplamazian, president and CEO of Hyatt, on an investor call this morning. Appeal to a new type of customer? But today we send the letter of cancelation of that contract. Since Diamonds was acquired, can we get out of contract? Previously, there were only a few upscale/luxury all-inclusives you could use Hyatt points at. This merger doesn't sound like it was in any owner's favor even the Hilton owners. I wonder if Hyatt is going to rebrand most/all these all inclusives to Zivas or Zilaras. The $2.7 billion cash deal is expected to close in the fourth quarter of this year. "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. We also recently attended an update after being told the same thing - we had to invest another $20K+ to be a part of HGV. We expect Hyatt to reach 80% fee-based earnings by the end of 2024, said Hoplamazian. This will help funnel guests to current Hyatt properties and away from their competition. The lower level properties will also be great for attracting younger families into Hyatt. The success of the buyout hinges on the following projections from HGV, including $125 million in "cost synergies" achieved by reducing payroll and consolidating operations over two years. We don't travel as much and our financial situation has changed. This seems like a quick fix for Hyatt Marketing to squawk about. There's no shortage of places to stay with our wide collection of Florida timeshare resorts, where you'll feel at home with . Adding this with my initial investment this is crazy. Hilton did announce that there will be new timeshare products coming down the road that will integrate the two clubs together, rumored to be called HGV Max. When you stay at Flamingo Beach Resort, you will have all of this, and more. 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 was excited about that concept, though personally I cant say Im excited about the execution here. I need to get out of this contract. Nothing wrong with that, of course, but if that's the most premium property, and we're calling this an acquisition of "luxury resorts," maybe you can see where my skepticism comes from? He also has roots in Silicon Valley, where he directed public relations and marketing programs for high-tech companies. We were encouraged to attend a presentation and I was interested in hearing about the acquisition, being Diamond owners. 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. @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. My maintenance fees would go up an additional $870 3. Will Americans New York To Doha Route Survive? We knew for a while that Hyatt was looking to acquire a hotel brand in order to grow in Europe. Points have to logically work their way back to a fractional ownership. Your feedback is important in helping us keep our community safe. So if enough of us stand strong they'll have to deal will us to get rid of some of those proprieties in the portfolio. 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.! 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. Not much. As a point of comparison, in 2018 Hyatt acquired Two Roads Hospitality (which brought us brands like Alila and Thompson) for $480 million. Are you looking at the right group, Ben? Experience the all-inclusive, adults-only Hyatt Vivid Hotels & Resorts. The difficulty lies in finding any attorney or attorneys who will take this on. At the update I was told that I only had 3 choices with the merger. Would have loved for them to buy Excellence, its the only all-inclusive i will ever consider. Send tips to Clint.Henderson@thepointsguy.com. Curious as to what they all are. Distinctive Hilton service. Now, your ownership will be adjusted to give you 8,000 ClubPoints each year, but the points charts that show how many points it takes to book a 1 Bedroom Grand at Elara during Gold season will also be adjusted to 8,000 ClubPoints. 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. Aug 15 (Reuters) - U.S. hotel operator Hyatt Hotels Corp (H.N) said on Sunday it entered a deal to buy resort company Apple Leisure Group from its private-equity owner KKR & Co (KKR.N) and travel-and-leisure specialist KSL Capital Partners for $2.7 billion in cash. He's at their Silver level and his maintenance fees are $2300. Expansive Residential-Style Retreats Book Today, Plan Your Stay Hyatt Residence Club San Antonio, Wild Oak Ranch View Resort Details Need a Vacation? ALGs portfolio includes over 33,000 rooms operating in 10 countries. Even after upgrading less than a year ago. HGVC and Diamond owners alike should push back hard on this. Tell them what you think!!!!! 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.

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