Outline of Hilton Grand Vacation Club (HGVC) time share point system

Hilton Grand Vacations Company LLC (HGVC) operates a club which is a point-based vacation ownership and exchange system, and it is based in Hilton, previously known as the Hilton Hotels Corp. · It is a wholly owned subsidiary of Worldwide. It is a resort of clubs and affiliates. On the issue date, there are 50 HGVC affiliated resorts around the world!

Hilton Worldwide was acquired by Blackstone Group LP (stock symbol BX) in July 2007 for $ 260 billion. Blackstone possesses many famous companies including Universal Studios Park, Legoland, Madame Tussaud, Houghton Mifflin Harcourt Publishing, Allied West, Pinnacle Foods, and even Weather Channels!

Early history of the brand:

In 1919, Conrad Hilton went to Texas to use oil fields. When he arrived, he discovered that the provincial hotel is reserved extra for a room can not be secured! A hotel owner said he wants to sell. Conrad formed an investment group within a week and purchased Mobley Hotel in Cisco, Texas. Business continued well and Conrad bought two more properties in Texas. The Melba Hotel was named after Fort Worth and the hotel in Dallas was named after the famous Waldorf. Thirty years later, when I bought a lease at real Waldorf Astoria, Conrad made a round!

Conrad's ambition and rich empire familiar with the business was founded, even today's second-generation wife Zsa Zsa Gabor and the legendary expenditure of the great grandson Paris Hilton, this huge brand owns thousands of hotels today, We manage, franchise, Hilton's name continues to be one of the most famous brands in the world.

Time Share Resort:

HGVC's destination offers both advanced resorts and related resorts. Most people have not noticed, but the Hilton brand actually built and developed only resorts in just a few time lams. The majority of the properties of the Hilton Grand Vacations Club are actually affiliated resorts. These resorts were developed by other companies and subsequently signed a contract to participate in the club. HGVC manages many of the affiliated resorts, but it does not manage everything. Regardless of the original developers, all affiliate resorts match the high standards of the Hilton brand and renovated luxury, and are awarded numerous awards, including RCI's admiration for the Gold Crown!

Affiliation and mutual use contracts may change in the future, but at the time of writing this article, HGVC's vacation destination includes the following items.

Carlsbad, California: • Grand Pacific · Malvrisa • Grand Pacific Palisades • Carlsbad Seapoint Resort

Palm Desert, California: Club Intrawest Palm Desert

Breckenridge, Colorado: • Valdoro Mountain Lodge

Florida Orlando: • Sea World International Center's HGV Club • International Drive's HGV Club • Hilton Grand Vacations Park Soleil

Florida Miami Beach: • South Beach's HGV Club

Stuart, Florida: • Plantation Beach Club Indian River Plantation Resort

Captiva Island, Florida: • Cottages South Seas Island Resort • South Beach Island Resort • South Sea Island Resort • South Sea Island • Club at South Seas Island Resort

Fort Myers, Florida: • Sea Watch on the Beach Resort

Marco Island, Florida: • Marco Beach's Charter Club • Marco Island's Sunset Club • Marco's Surf Club

Sanibel Island Resort, Sanibel Island, Florida: - Rooms

Sandstein, Florida: • Club Intrawest · Sandestin

Oahu, Hawaii: • Grand Waikikian - Hilton Hawaiian Village - Kalia Tower • Hilton Hawaiian Village - Lagoon Tower

Big Island Hawaii, Hawaii: • HGV Club Waikoloa Beach Resort • Kingsland Hilton Grand Vacations • Bay Club Waikoloa Beach Resort

Las Vegas, Nevada: • Flamingo's HGVC • Hilton Grand Vacation Club Las Vegas • HGVC of the Las Vegas Strip

New York City, New York: • Hilton Club New York • West 57th Street by Hilton Club

British Columbia, Canada: • Club Intrawest · Whistler

Quebec, Canada: • Club Intrawest Tremblant

Cancun, Mexico: • Fiesta Americana Villas Cancun

Acapulco, Mexico: • Fiesta Americana Villas Acapulco

Los Cabos, Mexico: • Fiesta Americana Villas Los Cabos

Yucatan Peninsula, Mexico: • Explorean Kohunlich

Zihuatanejo, Mexico: • Club Intra West Zihitane Ho

Vilamoura, Portugal: • Hilton Vilamoura Vacation Club

Scylland's Coylumbridge: • Hilton Coylumbridge

Craigendarroch, Scotland: • Hilton Craigendarroch

Dunkeld, Scotland: • Hilton Dunkeld

Overview of ownership, system rules, and usage strategy:

The first rule of timeshare is not to invest in ownership never in real estate. Time sharing properties are generally not highly appreciated over time. The only true measure of the value of timeshare is how to use and enjoyment of property, photos and memories of your incredible vacation!

Whatever type of program or vacation ownership program you should not impulse buy! It also takes time to review the secondary or resale market. Purchasing the time-sharing interest on the secondary market from the current owner no longer using ownership can save thousands of trouble at the purchase price. Some merits do not go through the resale market, so you need to carefully compare positive and negative aspects before purchasing. Finally, purchasing from an experienced intermediary is the safest way to ensure that you obtain all the information you need to ensure the time share to purchase. We will offer you a wonderful vacation for many years.

Well, concrete information on Hilton Grand Vacation Club system now ...

The club is actually a point-based booking system. Club members receive a point payout based on the type of villa they own (or possibly reserved) at the resort in the home and the season. As with any point system, proper planning can greatly increase your use and satisfaction. It is important to understand the different types of ownership available, the advantages of ownership, the basic rules of the system, and some strategies for the current owner to make the most of their use and pleasure.

Ownership Type:

Learning about this system, the distinction between HGVC development resort and HGVC affiliated resort is important. Ownership and usage rules may vary greatly depending on the home resort you own. For example, some of the affiliated resorts located southwest of Florida were originally sold as fixed time weekly shares. In the case of fixed and event weekly ownership, the owner is automatically booked weekly and the owner does not cancel the reservation. All resorts developed and constructed by most HGVC are sold as floating weekly magazines. The shortfall is always based on the home resort. For this reason, how to use changes slowly according to the resort of the home.

The act itself itself varies from resort to resort. Some proprietary documents display specific weeks and units, even if they are used only for inventory purposes. Seaworld's HGVC is an example of this type of behavior. Other ownership acts do not have assigned weeks and units, but the usage type is displayed for a specific villa size. HGVC of International Drive uses this second type of certificate format. Finally, given the international Fiesta Americana resort in Mexico, these real estate will be sold as non - transferable right to use leases with a certain expiration time to end.

It is also very important to understand that elite status designs are not available for resale purchase and that all affiliate resorts do not allow club membership transfer to the resale market. For example, affiliates of Carlsbad can not transfer the use of HGVC points to buyers, but the use of points can not be relocated in a Fiesta Americana contract. Another difference is that you need to pay Hilton a $ 399 reconversion fee after the assignment has been recorded so that the new owner is registered in the club and has the ability to convert that week to club points is. If you do not know what ownership exists in a particular resort, consultation with experienced real estate brokers or associates should be done before purchasing! If you have any questions, please do not hesitate to contact us.

Season:

This is another area that often can be confusing to beginners! Generally, the four main season names of platinum, gold, silver, bronze are used in HGVC. The specific weeks that fall into these seasons vary from resort to resort. Some places have all four seasons, but other places may be divided only in two or three seasons. The real mess starts with several affiliates. Several affiliated resorts were originally sold in designs of different seasons than those of Hilton. Also, some of these resorts may have a float season including weeks entering different HGVC season designs. You may be able to book weeks in part with platinum in the gold season. In the case of these owners, the amount of club points received by the owner may actually differ from year to year depending on the actual week being reserved. As a good example, this example is an exception, not a rule.

The club point values ​​for each club resort week, season, and unit size are listed in the published member guide http://www.hiltongrandvacations.com/mg/. Most resale buyers tend to focus on Hilton buildings to avoid confusion and ensure that they receive a consistent number of club points every year.

Replacement option:

There are various ways to exchange your ownership weeks for another resort. The easiest way is to book a club point to another club affiliate. In order to go outside the club, you need to use a third party exchange system such as RCI, interval international, SFX resort etc. small system. Your home resort will decide which exchange system you can access as owner.

Price:

Maintenance expenses are determined annually based on the operating budget for the entire home resort. Rates may vary greatly depending on the resort, and these evaluations will vary from year to year. Maintenance costs increase year by year. Before deciding to make a purchase decision, you should always consider maintenance costs and compare fees between several resorts as part of the study. In some cases, the annual income becomes more important over time than the actual purchase price!

Normally, basic management fee is decided instead of point assignment, depending on the type and size of the unit. The platinum season's one bedroom villa will charge the same basic maintenance fee as one bedroom in the silver season. Tax assessment creates a slight discrepancy between one bedroom platinum and one bedroom silver as only property taxes may vary from season to season. Even if the purchase price of one bedroom villa is high it is a good buyer strategy to purchase one bedroom platinum season ownership than the two bedroom low season week. Brokerage can help you compare different scenarios and determine which property best matches your needs and budget.

There are some differences when paying the fee from the resort to the resort. A good example of this can be seen in the ownership of the Waikoloa Bay Club. In order for the owner of the Bay Club to borrow points from the future use year, you must prepay the estimate of the maintenance cost of the following year (if there is an estimate and a difference when there is actual charge, it will be deducted )). Craigendarroch's international owner can not pay in advance, so you can not borrow from future installments. Seaworld's HGVC owner can borrow next year's point without paying equivalent annual fee as long as the account is up-to-date at the time of booking.

Club membership fees must also be paid annually. In most resorts, members living in the US and Canada are currently charged 99 dollars, and in countries other than the US and Canada they are charged 139 dollars (the 57th owner is $ 197, $ 232 west). Members who own US resorts and international resorts can not combine the two systems into one billing account, so you need to pay club dues for each account. This is very rare, not intentional and seems to be a system malfunction.

Finally, the point system also has incidental charges imposed on various services and transactions such as club reservation, point relief, changeable options reservation, guest certificate, RCI exchange system deposit, etc. It is a good idea to ask questions about resort specific charges such as parking fee and tourist tax before confirming reservation. If you do not notice before arrival, the parking fee at the destination like New York or South Beach is amazingly surprised!

Reservation:

Hilton Grand Vacations Club has 5 types of booking types.

Reservations at Home Week are complete seven nights, with the exact unit type and season owned by your home resort. You can make a reservation from 9 months up to 1 year from check in date. The required check-in date varies depending on the resort. To get a longer reservation window at home resort owner advises you to buy at the resort that is the most suitable for your future plan and seems to be used most often in the season. Home weekly booking is the best opportunity to find availability other than fixed and event weekly ownership.

Booking of the home resort is currently available only to owners of the West 57th by Hilton Club resort in New York. There are no minimum stay conditions for these reservations, but reservations must be made at the West 57th resort. These reservations can be made from 45 days before nine months before check out date.

Club reservations can be made at least 9 months before the requested checkout date. Reservation of the club must be continued for more than 3 days. During this period most resorts can be booked (for example, West 57th in New York, you can make a club reservation 44 days in advance of checkout). Also, every point owner has the opportunity to get a reservation. You can book any type of villa or even in the season limited by the number of points you own!

Open season You can make reservations at most resorts (excluding West 57th) until 30 days before the reservation date. Minimum stay of 2 nights is required. These reservations will be paid in cash, but will be paid at greatly discounted rates! Currently, the reservation rate of the open season at 1 br is Saint-wood for $ 80 / night, Fri · Sat reservation is $ 100 / night.

Reservations for Hilton Honors are booked by the Hilton Honors system. All HGVC members receive Silver VIP benefits in the Hilton Honors program. Owners can deposit ownership weeks in the Healers program and Healers Point can be used for Hilton brands that partner with various services and hotel accommodations. These deposits must be made late than 31 December before receiving points. (In other words, the points used for 2010 need to be deposited prior to December 31, 2009). Exchange of time share ownership for hotel stay is not generally a recommended strategy, but a few owners feel that this benefit is beneficial.

Point chart:

For the latest point chart and season calendar, please see the members' guide.