Hyatt Questions - Preferential Rights for Hyatt to buyback

Just visite Hyatt Oak ranch in San Antonio. Looked at a Gold week 2BR 2BA for $22500. Opted not to take it. They were also throwing in 90k Hyat points, so that part was not bad. However, the salesman told me that Hyatt has preferential rights or first right of refusal when someone is selling a unit at below what Hyatt considers fair market or current retail, and that Hyatt will always buy it. Is anyone familiar with this clause?

Thanks Tim in houston

Welcome to Tug - Yes, Hyatt does have ROFR, but that sure wouldn't stop me from trying to find a better deal on a resale. Most of the Hyatt owners and posts are on the TUG Hotel Based TS board - http://www.tugbbs.com/forums/search.php?searchid=419700

Moving this to the Hotel TS forum....

timwalker69 said:

Just visite Hyatt Oak ranch in San Antonio. Looked at a Gold week 2BR 2BA for $22500. Opted not to take it. They were also throwing in 90k Hyat points, so that part was not bad. However, the salesman told me that Hyatt has preferential rights or first right of refusal when someone is selling a unit at below what Hyatt considers fair market or current retail, and that Hyatt will always buy it. Is anyone familiar with this clause?

Thanks Tim in houston

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Hyatt does have ROFR, but I have been involved in 3 purchases personally and another couple I helped friends with and I have yet to see Hyatt exercise ROFR. In general I personally think any offer of ~50% or higher of retail will get thru, maybe even less at some locations/weeks. From what I have read on the forums it seems that Hyatt is more likely to exercise ROFR on the higher demand weeks (2000/2200 point weeks).

Right now Hyatt Beach House is usually the best value on a per point basis, but I would look carefully at MF fees since some have reported larger than normal MF fee increases with Florida properties, I don't know if this applies to Hyatt, I have not read that yet.

I would think with some patience in searching and submitting offers to sellers that you can find an 1880 point week (which I think is the min point week to own and likely the best value of the 1880/2000/2200 point weeks) for $13k-$14k, even less if you stumble across a great deal. We paid somewhat lower than that for our Week 8 1880 point week at Tahoe. (plus it had 2 weeks of usage).

Good luck hunting, I hope this has helped, please don't let the ROFR scare from a TS salesperson push you towards a developer purchase. There are just to many good resale deals out there to be had, we have just max'd out our budget for yearly MF fees or we would still be looking!!