Did Holiday Inn Vacation Club buy Orange Lake in Orlando--thanks.
Karem:whoopie:
So...is this a good use of your TS if you decide not to do you week at Orange Lake some year? Apparently, it's not at some of the other hotel-based systems.
So...is this a good use of your TS if you decide not to do you week at Orange Lake some year? Apparently, it's not at some of the other hotel-based systems.
Kemmons Wilson, the founder of Holiday Inn, was also the founder of Orange Lake Country Club. This is simply a rebranding of the "club" aspect of Global Access Points, the points program at the resort.
By doing this, they are making the points program a bit more like some of the other hotel-based timeshare systems. HIVC points can be used to reserve Holiday Inn hotel stays, and HI Priority Club mambers will be able to use their points for stays are Orange Lake and the other 3 related resorts (Wisconsin, Vermont, and Panama City Beach).
The short answer is no, but there are other factors that may make it worthwhile. As Mel mentioned, you become a HI Priority club. A major benefit of this is that if you don't use your points at the end of the second year (at which time you would normally lose them), you can have them put into the Priority Club which then don't expire
It adds flexibility and may not cost as much as RCI Points for short reservation. In addition to the cost of the points (paid in maintenance fees), you would pay a small fee, I was told $45 but the other poster indicated $60. You shouldn't have to pay house keeping like you do at RCI Points for short stays (I paid the exchange fee plus $55 housekeeping when using RCI Points to stay at SummerBay). So if your points are to expire, it provides a longer term use of the points and if you like short vacations, it may be beneficial. But in general, you'll never get the same value out of the points that you would if you were to stay at the resort.
It was $45.00 - don't know why I thought $60. what is the difference between high priority club and just priority club membership?
joane
I don't know that you lose 20% of the value. The conversion from HI Points to Priority is 5:4. Similarly the conversion from HI Points to RCI Points is 2:1. The question is whether even though the points are different, do you get the same value. For example, if a week 'costs' you 150,000 HI Points but you can get the same unit for 75,000 RCI Points, have you really lost value? At first glance, it would appear you lost 50% value but in reality, you get the same thing but are using a different currency. HI Points to Priority points I don't think is as clear to value.When converting your points to priority club, you end up losing about 20% of their value, but that may be worthwhile if you use them for something you couldn't get through a traditional timeshare (like a week in London or Paris) or if your points are going to expire anyway.
The conversion would be 80% of the value, not the actual number of points. A week stay at OLCC would be 192,500 points through Priority Club, so a 20% discount means a typical OLCC week could convert to around 155,000 Priority Club points - but again, you could keep those points forever (or until Priority Club ceases to exist, or the program changes...)