Hilton Grand Vacations, LLC (HGVC) markets and operates the club which is a points-of-sale and exchange-based ownership system that is wholly owned by Hilton Worldwide, formerly known as Hilton Hotels Corp. HGVC also provides asset management services to club and branch resorts. At the time of publication, there are 50 HGVC-related resorts around the world!
Hilton Worldwide was acquired in July 2007 by Blackstone LP Group (BX stock marking symbol) in a $ 26 billion deal. Blackstone also owns several other well-known companies, including Universal Parks Studios, Legoland, Madame Tussaud, Mifflin Harcourt Publishing, Allied Waste, Pinnacle Foods and even the Weather Channel!
Early history of the brand:
In 1919 Conner Hilton traveled to Texas to take advantage of the oil boom. When he arrived, he found the local hotels so overpriced that he couldn't secure a room! One hotel owner told him he wanted to sell. Within a week, Conrad formed an investment group and purchased the Mobil Hotel in Cisco, Texas. Business continued to explode and the following year Conrad acquired two other properties in Texas, the Melba Hotel in Fort Worth, and the Dallas Hotel named after the famous Waldorf. Thirty years later, Conrad came full circle when he purchased the actual Waldorf-Astoria lease!
Conrad's ambition and good platform in business created an empire of such immense wealth that even the legendary expenses of his second wife Zessa Zsa Gabor and great granddaughter Paris Hilton Shelter didn't make a dent in family fortune! Today, this stage brand is the owner, manager and franchise of thousands of hotels and the name of Hilton continues to be one of the most recognized in the world.
HGVC's destinations offer well-developed and connected resorts. Most people don't understand, but only resorts with timeshare parts were actually set up by the Hilton brand. Most of the properties of the Hilton Grand Holiday Club are actually affiliated resorts. These resorts were developed by other companies, and then later entered into an association agreement with the club. HGVC manages many of the resorts, but not all of them. Regardless of the original developer, you can rest assured that all of the affiliated resorts are in line with the renowned high standards and prestige of the Hilton brand, earning a number of award destinations such as RCI's coveted GCI Crown Ranking!
Affiliation and interconnection agreements are always subject to future change, but as of this article, HGVC's holiday destinations include:
Carlsbad, CA: • Grand Pacific Marbrisa • Grand Palisades Pacific • Carlsbad SeaPointe Resort
Palm Desert, CA: • Palm Desert Club Intrawest
Breckenridge & # 39 ;, Colorado: • Valdoro Mountain Lodge
Orlando, FL: • HGV Club at SeaWorld International Center • HGV Club at International Drive • Parc Soleil by Hilton Grand Vacations
Miami Beach & Florida, HGV Club in the South & # 39; Bits & # 39;
Stewart, FL: • Plantation Beach Club at Instant Plantation Resort
Captiva Island, FL: • Cottages at the South Island Resort • Villas in Harboro in the South Seas Island Resort • Plantation Villas on the South Island's Bay • Plantation Beach Club in the South South Island • The Plantation House on the South & # 39; South Island & # 39; Isles • South South & # 39; Club at the South Island Resort
Fort Myers, FL: • SeaWatch at the Resort
Marco Island, Florida: • Marco Beach Resort Club • Marco Island Golf Club • Ken Nesher Beach Resort • Sunset Cove Resort • Marco Surf Club
Sanibel Island, Florida: • Casa Ebel Resort • Hurricane Resort • Sanibel Cottage Resort • Beach Island Resort • Tortuga Beach Resort
Sandestin, FL: • Intrawest Sandestin Club
Oahu Island, Hawaii: • Grand Waikikiian • Hilton Hawaii Hilton – Kalia Tower • Hilton Hawaii Village – Lagoon Tower
Big Island of Hawaii, Hawaii: • HGV Club at Yaikolia Beach Resort & # 39; King's Land by Hilton Grand Vacations • Bay Club at Vicoloa Beach Resort
Las Vegas, Nevada: • HGVC in Flamingo • Hilton Grand Las Vegas Vacation Club • HGVC in the Las Vegas Strip
New York City, NY: • Hilton Club New York • 57 West Street by Hilton Club
British Columbia, Canada: • Intrawest Whistler Club
Quebec, Canada: • Intrawest Tremblant Club
Cancun, Mexico: • Fiesta Americana Villas Cancun
Acapulco, Mexico: • Fiesta Americana Villas Acapulco
Los Cabos, Mexico: • Fiesta Americana Villas Los Cabos
Yucatan Peninsula, Mexico: • The express Kohonlich
Ziwatang & Mexico, Mexico: • Intuwest Zihuatanejo Club
Vilamoura, Portugal: • Hilton Vilamoura Resort
Coylumbridge, Scotland: • Hilton Coylumbridge
Craigendarroch, Scotland: • Hilton Craigendarroch
Dunkeld, Scotland: • Hilton Dunkeld
Introduction to ownership, system rules, and usage strategies:
Timeshare's first rule is that you should never be considered a real estate investment. Time-sharing features are not usually appreciated over time. Often, the only true measure of time-sharing value is your use and enjoyment of the property, and your amazing vacation photos and memories!
You must never make an impulse purchase for any plan or vacation ownership! Also, take time to consider the secondary or remarketing market. Purchasing a time-sharing interest rate in the secondary market from current owners who no longer use it can save you thousands on your purchase price. Some benefits may not pass through the resale market, so you must carefully compare the positive and negative aspects before buying. Finally, an experienced and valued brokerage is the surest way to ensure you have all the information you need to ensure that the time you purchase provides you with years of great vacations!
Okay – now for specific information about the Hilton Grand Vacation Club system …
The club is essentially just a point based booking system. Club members receive a point allocation based on the type of villa and season they own (or have in some cases maintained) at their home resort. As with any point system, proper planning can greatly improve your use and satisfaction. It is important to understand the different types of ownership available, the benefits they possess, the basic rules of the system, as well as some strategies used by the current owners to maximize their use and enjoyment.
Types of ownership:
When learning about this system, the distinction between HGVC sites developed and HGVC-related resorts becomes important. The rules of ownership and use may differ quite a bit depending on which home vacation you own. For example, some of the affiliated resorts located in the Southwest Florida area were originally sold as regular weekends. For fixed week event, Home Week is automatically saved each year unless the owner cancels the reservation. Most of the developed and built HGVC resorts are all sold as floating week dividers. Basic ownership is always based on the home resort. For this reason, usage strategies will vary slightly based on your home resort.
The act itself may also vary from resort to resort. Some ownership documents show a specific week and unit, even if used for inventory purposes only. HGVC at Seaworld is an example of this kind of act. Other homeowners do not have a week and unit allocated to them, but instead show a specific type of villa size use. HGVC on the International Drive uses this second type of format. In the end, when you refer to the international branches of Fiesta Americana sites in Mexico – these properties are sold as an impracticable right to use leases with a specific expiration date on which your use will end.
It is also very important to understand that elite status designation cannot be achieved through repurchases and that not all affiliated resorts allow transfer of club membership rights to the sales market. For example, Carlsbad's marketing agencies do not allow the use of HGVC points to transfer to the buyer, but Fiesta Americana contracts allow the use of points. Another distinction is that some of the various branches require $ 399. A restitution fee will be paid to Hilton after the transfer note is registered in order for the new owner to sign up for the club and have the ability to convert their week to club points. If you are not sure what kind of ownership exists at a specific resort, consulting with an experienced broker or associate is something you should do before you buy! Contact us with any questions you may have.
This is another area that can often be confusing for newbies! In general, there are four main season names used by HGVC: platinum, gold, silver and bronze. The specific weeks that fall during these seasons will vary depending on the resort. Some locations will have all four seasons, while others may only be split into two or three seasons. The real confusion begins with some of the partners. Some resorts were originally sold with different season goals than those used by Hilton. Also, some of these resorts may have a floating season that includes weeks in various HGVC season plans. A husband may have the ability to book a week in both platinum and in the golden season. For that cost, the amount of club points the owner receives may vary from year to year, depending on the actual week saved. The good news is that this example is the exception rather than the rule.
The Point Club values for the weeks, seasons, and unit sizes for each club resort can be found in the membership guide published at http://www.hiltongrandvacations.com/mg/. Most resale buyers tend to focus on the properties built by Hilton, to avoid confusion and to ensure that they receive a fixed number of club points each year.
There are different ways to replace your ownership week with another vacation. The easiest way is usually to simply use the club points to book at another club branch. To get out of the club, use a third party exchange system such as RCI, Interval International or a smaller system like SFX Resorts. Your home resort will determine which paging systems you have access to as an owner.
The maintenance fee is determined each year based on the overall resort budget of the home. Fees can vary widely from resort to resort, and these estimates vary from year to year. The maintenance fee will increase over the years. You should always consider maintenance fees before making a purchase decision, and you should compare resort fees as part of your research. In some cases, the annual payment can actually be more important over time than the purchase price in question!
In general, the type and size of the unit determine the amount of the basic maintenance fee, not the allocation of points. A one-bedroom villa during the platinum season will be valued at the same basic maintenance fee as one bedroom during the silver season. Only property taxes may change due to the season, so the tax assessment does make a slight difference between platinum and one bedroom with one-bedroom money. This is often a good strategy for a buyer to purchase 1-bedroom platinum rather than a 2-week low season, even if the 1br villa has a higher purchase price! Your brokerage can help you compare different scenarios to determine which asset best suits your needs and budget.
There can also be some differences as you pay fees from resorts to resorts. A good example of this can be seen owned by the Bay Club in Vicoloa. In order for a Bay Club owner to borrow points from a future use year, he will have to pay an estimated amount for the maintenance fee for next year (any difference from the assessment will be paid or credited when the actual fees are charged). International owners at Craigendarroch cannot pay in advance, so they cannot borrow from a future allocation. An HGVC owner at SeaWorld can ask for points next year without paying the equal annual fee as long as his account is correct when placing the order.
Club fees must also be paid each year. For most resorts, current US and Canadian friends are billed $ 99. While non-US or Canadian friends are currently charged $ 139. Members who own a US resort and an international resort may be required to pay club fees for each account as it may not be possible to combine the two systems into one billing account. This is very rare and appears to be a systemic and unintentional failure.
Finally, point systems also have incidental fees that may be charged for various services and transactions such as making club bookings, saving points, exchangeable reservations, guest certificates and RCI system deposit replacements. You should also inquire about resort-specific fees such as parking fees and tourist taxes prior to booking confirmation. If you are not aware prior to arrival, parking fees at destinations such as New York and South & # 39; Beach & # 39; It can be no surprise!
The Hilton Grand Vacations Club has five types of bookings.
Home week bookings are a full seven-night stay in the exact unit and season that is in your home building. The order can be from nine months to a year from the date of your check-in. The check-in required on a day varies from resort to resort. Because owners receive a longer booking window at their home resort, it is often worthwhile to buy at the resort that you believe will be most often used, at the unit and in the season that best suits your future plans. Home week bookings have the greatest opportunity to find availability, except for regular and weekly ownership.
Resort bookings are currently only available to resort owners 57 at the Hilton Club in New York. There is no minimum stay requirement for these reservations, but reservations must be made at the 57 Village West Village. Orders can be placed from 45 days up to nine months before the check date.
Club bookings can be made up to nine months prior to the requested date on most resorts. Club bookings must be for three days or more. Reservations can be made at most resorts during this period (for example, West 57 in New York, for example, you can only make club reservations up to 44 days before checkout date) and all point owners have an equal opportunity to receive reservations. You can book any type of villa, and any season – just by the number of points you own!
Open season bookings can be made at most resorts (West 57 is excluded) up to 30 days prior to your visit date and require a minimum stay of only two days. These orders are paid in cash, but at discounted rates! Currently, the open season 1br reservation rate is $ 80 per night for Fri & Sat and $ 100 per night for Friday-Saturday bookings.
Hilton Honors orders are orders placed through the Hilton Honors system. All HGVC members are given VIP money privileges in the Hilton program. Owners can choose to deposit their ownership week in the Honors program in exchange for outstanding points where a variety of services and accommodation can be used in hotels for related Hilton brands. These deposits must be made no later than December 31 of the year that received the points. (In other words, the point of use for the year of use 2010 had to be deposited before December 31, 2009). Trading a week Distributing your time to a hotel stay is not usually a recommended strategy, but few owners find this benefit helpful.
Please refer to the members directory for the latest point charts and calendars.