Press Esc to cancel. 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. I am single. Just hope services, etc will be better. I'll give some all-inclusive resorts a chance though since it's sometime nice to WORRY nothing but chill, eat, drink, and sleep. 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. 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. After I got upset and said it criminal my sales associate disappeared, and he manager offered us the same membership for 30k . -Secrets: luxury adult-only romantic 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 . Anyone have a firm who shows interest? I think both of those are factually correct? Are resorts charging owners fees for COVID? I told them to suck wind during my presentation. I feel like I was sucker punched during my owner's update. I am a Diamond owner at Polo Towers, week 52, 2 bedroom 2 bath. 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. The acquisition of ALG fits well into Hyatts long-term strategy of flipping its business model to favor fee-based earnings. 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). The deal dramatically expands Chicago-based Hyatts offerings in Mexico and the Caribbean. Ehhh. There are a ton of very amazing properties here. Just book by specific location. 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. I love Motel1 in Europe and they have been expanding at a fast clip. I wish they would add more European regular hotels though. HGV's expanded network will include 20 new markets and many drive-to destinations that Diamond offered to customers. The customer is still right, and we still have choices. We were encouraged to attend a presentation and I was interested in hearing about the acquisition, being Diamond owners. Enjoy a day by one of the pools or practice your swing on the course. In biblical terms, hire a David to slay these Goliaths who don't care about consumers. My husband and I owned HGV for more than 10 years. For consumers who like all-inclusive properties, this is great news. Our current maintenance fees for the gold level our $6500. We are so glad that we did. 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. One of Diamond Resorts flagship properties, Mystic Dunes Resort features an on-site golf course and restaurant. HGV offered no information on what will happen to Diamond's executives. Not an easy task. 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. My application got rejected because of unpaid maintenance fees. See the scenery on horseback, or go for a hike along the many trails. The presentation is just a sales pitch so they can get paid. Hilton Grand Vacations Buys Diamond Resorts: How This Affects You But. All prices in U.S. dollars unless otherwise stated. As a point of comparison, in 2018 Hyatt acquired Two Roads Hospitality (which brought us brands like Alila and Thompson) for $480 million. 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). Words matter. According to Hyatt, the deal, on which Goldman Sachs served as . Apple leisure is a tour company with hotels not the other way around. HowwillHiltonbuyingDiamondaffectownersofbothclubs. It is always stressful. Secrets, Zoetry & Sunscape properties were bookable using Choice Hotel points for between 40k-60k points per night. To get access to use Diamond properties, they want another $20K membership. 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 have stayed at several Hyatt Ziva's and had wonderful experiences (especially the Hyatt Ziva Cap Cana). Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company offering 20 premier brands. I have no experience with this but I thought they had issues in the past.maybe it was Sandals after all and not Secrets. But I do recall her saying we would still have access too all of our DRI resorts, as we have in the past. Let's band together you cannot operate as a company like this and defraud people. I think a class action will probably come, but still a little early right now, maybe next year. 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). How can the owners unite and take the power back over from them and get the maintenance fee to where it needs to be? 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. Didn't Secrete continually have issues with this? We'll run a soft credit check to find special offers, but it wont affect your credit score. See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values. Maybe they see the Covid writing on the wall for cruise lines and know that all-inclusive vacations will appeal to that customer. They just added about 100 properties that you'll be able to book with points. Recently, Hyatt completed its acquisition of Apple Leisure Group, opening a new door to all-inclusive resorts for World of Hyatt members. The $2.7 billion cash deal is expected to close in the fourth quarter of this year. Or it is simply equal to $157.85 per monthly to keep my membership. 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. 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. 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. Opinions expressed here are the authors alone, and have not been reviewed, approved or otherwise endorsed by any of these entities. 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. When the transition is complete, HGV's management team, headed by CEO Mark Wang, will run the combined company. Pretty sure this isn't the last purchase Hyatt ever makes. All the paperwork is under Diamond but she keep saying that we where Hilton. Scottsdale Villa Mirage offers the ideal desert retreat with fully-equipped accommodations that feature a kitchen, fireplace and in-room washer and dryer. 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. It is based on a 100,000 dollar a year income. The addition of ALGs properties will immediately double Hyatts global resorts footprint. So we took a huge loss basically got $5,000 just to get out of the deed. Why the negativity about this acquisition? Hyatt to buy Apple Leisure Group (Secrets, Dreams, etc) Hyatt welcomes Dream Hotels, The Chatwal, and Unscripted Hotels brands. LEARN MORE Show more So, whats the rationale? Hawaii Timeshare Resorts Hilton Grand Vacations Nothing. HGVC Owner here. When you stay at Flamingo Beach Resort, you will have all of this, and more. Have they not been welcoming to LGBTQ couples, or? 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. They are offering us 4.25 a point. The pandemic gave all major travel companies, including timeshares, a yearlong timeout to recalibrate for travel to resume. -Dreams: upscale family-friendly These are not the Royalton properties under the Marriott umbrella. This will help funnel guests to current Hyatt properties and away from their competition. @ Jason -- "There's nothing cheap about what they sell?" Florida Timeshare Vacation Resorts | Hilton Grand Vacations Now I'm selling my HGVC property. 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. 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. Terms apply to the offers listed on this page. In addition, theacquisitionwill also bring Hyatts brand into 11 new European markets. We walked out of "update" today and so did others. Hyatt Hotels Corporation , headquartered in Chicago , is a leading global hospitality company offering 20 premier brands. Well just before year end an offer came in and it was very low. Feel bad for friend who have wedding there and spent thousands but not getting what she pay for. 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. It appears to real and not a scam but I remain concerned. Best wishes to all going through this buyout! 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. All they want is money. Its just a marketing ploy. 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. ALG also has over a dozen subsidiaries, including Apple Vacations, CheapCaribbean.com, Southwest Vacations, United Vacations, Unlimited Vacation Club, and more. 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! ALG has resorts listed in Article secrets, dreams, breathless and more with partners. I would join the class action lawsuit. We knew for a while that Hyatt was looking to acquire a hotel brand in order to grow in Europe. As long as they think Hyatt can afford it, Hyatt can. This is very exciting as it is going to flip the script. 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. Many of our features might not work. Their footprint in Europe is still minuscule. 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. I'm thoroughly pissed off at HGVC. 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. This is very exciting as it is @Jason, I agree with your take on this as well. We have updated all of the points charts on our website to reflect the new point values. Today Hyatt Hotels Corporation announced that it is buying luxury resorts operator Apple Leisure Group (ALG) for $2.7 billion in cash. Totally agree. So I decided rather than just giving our HGV property back for $0.00, I would try going through HGV resale. At the update I was told that I only had 3 choices with the merger. Advertiser Disclosure: Some links to credit cards and other products on this website will earn an affiliate commission. My husband then got very upset and said, why didnt they offer this to begin with.? Diamond Club Members beware! I bought into Diamond Resort and then the Hilton because the salesperson said we could sell it and or rent it out. Loyalty programs arent going to be narrowly tailored to peoples tastes. I was forced to go to Las Vegas (or else I would have to pay for the room which is 1000 dollars. We had the displeasure of attending our owners update yesterday here at Polo Towers so we could learn all the wonderful benefits of the Hilton merger. Send tips to Clint.Henderson@thepointsguy.com. I have the same situation as Lorna posted in the previous comment. 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. The prices are high-end, too; at Zoetry boutique properties, the average daily rate (ADR) is $400 a night. It operates under the names Apple Vacations brands, CheapCaribbean.com and others. Plus, your own feed of TPG content. We are in the same boat. Enjoy a day by one of the pools or practice your swing on the course. They tell me we have to upgrade, ( purchase another property) or we will never be eligible, even though we already own 2 properties. 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. Even after upgrading less than a year ago. HGVC and Diamond owners alike should push back hard on this. Tell them what you think!!!!! This acquisition will be very successful for them. 4 Days/3 Nights. Recently was told that Diamond properties would be refurbished by Hilton. By adjusting the value of ClubPoints, the numbers more easily map to the points values used by Diamond Resorts. I for one am super-excited about this. I, too, am waiting to join a class action suit. Hyatt says the following brands are included in the deal: Apple Leisure (or ALG) also sells vacation packages and charters. My husband started having health problems and we were not able use the HGV! 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 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. I will say this again, how does this acquisition by Hyatt affect Choice Hotels. 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 have paid enough to this timeshare crap. Welk Resorts will be sold to Marriott for $430M after 57 years of 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? Hyatt Hotels to Acquire Apple Leisure Group, Parent of AMResorts 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. I am interested, if those Diamond owners who did upgrade to Max, I wonder if Hilton got them to sign over their deeds in the Diamond properties? This is a step in the right direction for World of Hyatt considering one of the biggest complaints from loyalty members is the smaller footprint of Hyatt compared to Marriott and Hilton. Were platinum members and pay outrageous yearly maintenance fees. 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. ), 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. Now that HGV purchased Diamond we are being told by their sales staff that we now have to upgrade to Hilton HGV Max by paying an additional $20k in order to access to Hilton properties are else we will be only limited to Diamond's diminishing properties under their US collection. Increase in Brand value and footprint, yes! Meanwhile, WoH members dont see a reasonable benefit imho. #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). It was the worst hotel I've stayed at in 10 years. Over the years we upgraded to more points for $$s. owning time share properties is very stressful. Now there are dozens. No one gives you any answers. ALGs portfolio includes over 33,000 rooms operating in 10 countries. I'm not sure the properties are even worth the annual maintenance fees let alone the additional buy in $ they want1. I'll check back later. 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. 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. I dread the day that I have to make a reservation. What do you make of Hyatts acquisition of Apple Leisure Group? 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. Cash proceeds from the $2 billion asset sale programare expected to be usedto pay down debt, including debt incurred to fundthe acquisition. In August, The Wall Street Journal reported that the deal would cost Hyatt roughly $2.7 billion in cash plus some debt. Choose the Extraordinary Hilton Grand Vacations Club Members She keep talking and manipulating the situation. Dream Hotel Group | Hyatt Hotels & Resorts This will greatly expand Hyatts footprint in the all-inclusive resort market, especially in the Caribbean, Mexico, and Europe. We also went to the presentation because nothing in the account said Hilton. Makes Hyatt feel less desirable to me. It is a HUGE step for Hyatt because many of these properties are all inclusive resorts at great locations. Explore Vacation Ownership | Hilton Grand Vacations I wonder if Hyatt is going to rebrand most/all these all inclusives to Zivas or Zilaras. It was more like $35K. Not much. I will assume Choice points will not be a option for booking these properties in the near future. However the unlimited vacation brand of all inclusive resorts is definitely quality and a game changer for those that don't prefer them. But at that point I did not want to pay any more maintenance dues. I am paying roughly $1,894.12 per year for maintenance. Set in unique destinations from Maui, Carmel and. In August 2019, HGV announced it had hired an investment firm to review offers, which meant it was really up for sale. What this means for current DRI i.e. To play devil's advocate, maybe that's the point? How will Hilton buying Diamond affect owners of both clubs? Brand dilution. We took a pass and will seek ways to no get out of our ownership - Hiton can cover our maintenance fees themselves! 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. Until check out time, and the woman assigned to this part was very clear and forthcoming when she went over the entire sale, which was NOT how it was presented to us. Presentations will tell members that they have to buy in to use the Hilton properties and benefits and at huge prices. How is this sane? I've been to Dreams for a friends wedding. I spoke to my buddy tonight and he owns a Wyndham timeshare. Find the right card for you. I am not this one. 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 am a Diamond silver owner and I just went through a Hilton Update presentation. 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 $$$??? Why Hilton Grand Vacations Upped the Bid in $1.4 Billion Timeshare Takeover I turned both of them down. 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. All and all I eventually added it all up and the amount we had invested was astounding! They are one of the best sources of luxury resort packages. Check back for the latest news on the World of Hyatt expansion. So my total to walk away would be $18K. 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.". Orlando. 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. I tried to go through a timeshare selling company which I paid Money for. You clearly have never stayed at an AMResort property. My thought is I am going to just sit tight and see what else they offer - this honestly can't be it. The sales presentation was very misleading, and of course a hard sale, that we almost went with. See more about our ethics policies here.