What is TYPE II Vacation Ownership

I am interested in purchasing a premium one bedroom (4800 pt) at LV, Flamingo. But the week is not specified... It listed as TYPE II Vacation Ownership? Does any know if this is a flex week or ??

Thanks,

Yvette

yep,
AFAIK, the two types are:

I believe they are:
Type 1: right-to-use where the purchaser is entitled to use the unit for a specified period of time, but does not have an ownership interest.

Type 2: fee simple where the buyer gets title to a fraction of the unit

I could be wrong, but I own Flamingo and all are type 2 afaik.
Based on the points, its a Platinum 1 BR.

The big thing to remember is that Hilton is a points club, if you have points, you can make a reservation, up to 9 months before your departure.

If you want to make reservation 9+ to 12 months out, you HAVE TO make it for the FULL week AT the location you own and the SIZE you own. From what I have seen here, the vast majority of folks here on TUG (at least this forum) do not use their home week. I know I never plan to. We like vegas, but 3 days is plenty, a couple times a year. 1 full week is far too long. But then again, others I'm sure disagree.

What they mean is that you will get a deed to a specific unit and week. But with HGVC, you don't actually have squatter's rights to "your" unit. Its like an automatic deposit for which you get points that are equivilent to your unit and its season.

With your points, you can...
-- Reserve a week in a similar unit in the same season at your home resort starting 12 mos. out;
-- Three or more days at HGVC or affiliated resorts starting 9 mos. out;
-- Two or more days for cash at HGVC or affiliated resorts starting 30 days out;
-- convert to HHonors points and book hotels (you get a HHonors membership);
-- RCI reservations (4800 points pulls a 2BR red-week RCI-TS).

The flexibility of the HGVC system can be confusing, which is why they give you a manual which you'll need to read about 5x before you're ready for the entrance examination. Its open-book.

I thought I had studied enough before I jump in to purchase a unit.... Just realized that I have a lot to learn.... Thanks for the clarifications.

Ruh-Roh! Didn't mean to scare you off.

My first thought was Type II = Adult Onset Vacation ownership :hysterical: :rofl:

UWSurfer said:

My first thought was Type II = Adult Onset Vacation ownership :hysterical: :rofl:

Click to expand...

Ha Ha very funny...
I also read somewhere about Type I, II, III, IV are actually referring to weeks...

Anyway, I bought a 4800 pt at Flamingo for $4500 plus $200 closing and $299 transfer fee

I will worry about Type II when I get my title transferred :whoopie:

Thanks,

Yvette

I think that type I refers to an event week all other type II refers to percent of ownership.

Event weeks are fixed weeks like week 51 52. You would be automatically booked that event week at the start of the year. If you did not want that week you could just have the week put back into your account for points.

Anyways yours will be just 4800 points. Good deal by the way.

That's not too bad of a price. I paid about $7,500 about two year ago for the same exact timeshare (4800 points at Flamingo). Points are point and I'm confident that you will enjoy your timeshare. We've been owners for about 5 years now and have enjoyed every minute of it. The best is when we are in Hawaii and the worse is during New Years, when the annual maintenance fees are due. Having just paid the dues, I'm looking forward to being in Hawaii again in about 2 months. Congrats on your purchase.

hsintang said:

I am interested in purchasing a premium one bedroom (4800 pt) at LV, Flamingo. But the week is not specified... It listed as TYPE II Vacation Ownership? Does any know if this is a flex week or ??

Thanks,

Yvette

Click to expand...

This old post includes the definition of a TYPE II Vacation Ownership for Flamingo - http://www.tugbbs.com/forums/showpost.php?p=666664&postcount=8