2020 Hilton Grand Vacations Maintenance Fees

[natarajanv]

HGVC on the Boulevard 3BR Platinum Plus 9600 points

2020 Operating Fee : $788.83
2020 Capital reserve : $297.91
2020 Painting Reserve: $9.51
2020 RE tax : $44.30
2020 Total: : $1140.55

2019 MF was : 1112.68, therefore increased by $27.87 or 2.5%

 

[JIMinNC]

2BR Platinum @ Seaworld (OVS II)

7,000 annual points

2020 Operating Fee $753.68
2020 Reserve Fee $246.30
2020 Real Estate Tax $236.01

TOTAL: $1235.99

2019 total - $1171.00, a 5.5% increase for 2020

 

[terces]

My statement indicates that MF's are due by January 1 2020. Is that true? I thought I heard there was a 45 day grace period. (I am hoping to have a new AMEX Aspire by the end of the year and want to pay my dues on it, but it is a US based card and I first had to get a Canadian based AMEX and use it for 3 months - grrrrr!)

 

[mscheribel59]

Tuscany 2 Bedroom Platinum 7,000 points.

2020 Operating Fee $846.07 01/01/2020
2020 Reserve Fee $252.68 01/01/2020
2020 Real Estate Tax $255.70 01/01/2020

Total of $1,354.47
Moderator added:
Increase of $69.73 or 5.43% from 2019.

 

[mscheribel59]

1 Bedroom Parc Soleil Platinum, 4,800 points

2020 Operating Fee $639.07 01/01/2020
2020 Reserve Fee $237.02 01/01/2020
2020 Real Estate Tax $173.34 01/01/2020

Total: $1,049.43
Increase of $45.64 or 4.55% from 2019

 

[hurnik]

Seawatch on the Beach - 2 BR Silver - week 37 - 3500 points
2020 Operating Fee - $716.53
2020 Reserve Fee - $229.17
2020 Real Estate Tax - $35.27

Total: $980.97
Increase of $40.55 or 4.31%


Flamingo - 2 BR Platinum - 7000 points
2020 Operating Fee - $739.02
2020 Reserve Fee - $310.90
2020 Real Estate Tax - $37.34

Total: $1087.26
Increase of $38.21 or 3.64%


Las Vegas Blvd - 1 BR Gold - 3400 points
2020 Operating Fee - $469.34
2020 Reserve Fee - $155.65
2020 Real Estate Tax - $22.43

Total: $647.42
Increase of $19.09 or 3.03%


Las Vegas Blvd - 2 BR Gold - 5000 points
2020 Operating Fee - $632.52
2020 Reserve Fee - $233.15
2020 Real Estate Tax - $33.60

Total: $899.27
Increase of $26.17 or 2.997%


Las Vegas Blvd - 3 BR Gold - 7000 points
2020 Operating Fee - $788.83
2020 Reserve Fee - $307.42
2020 Real Estate Tax - $44.30

Total of $1140.55
Increase of $32.87 or 2.96%

 

[alwysonvac]

HGVC FLAMINGO (Las Vegas)

From the Annual Billing Letter via the FHRC Suites Owners Association

A MESSAGE FROM YOUR HOME RESORT
Hello from Las Vegas and the Hilton Grand Vacations Club at the Flamingo! It has been my team’s pleasure to serve as caretakers of your vacation property this year. I would like to take this opportunity to highlight some of the notable property enhancements that have been completed or are currently underway, as well as those planned for the months ahead.

One of the larger projects we completed this year was a renovation of the roof. We have also remodeled the restrooms in both the lobby and in the fitness center. On a smaller scale, a new fire panel was installed.
We continue to identify ways to make our building more energy efficient. As part of that goal, we replaced all public area lighting with energy-efficient LED lights. For the remainder of the year our plan is to focus on a variety of small, previously-planned enhancement projects that will be ongoing.

Please take a moment to review some important budget information found in your 2020 Assessment Statement. In this area, you will find an explanation of the key factors impacting this year’s assessment fees. Don’t hesitate to reach out to me if you have any questions regarding this information.

We remain committed to providing the exceptional level of service you expect and look forward to welcoming you back to Hilton Grand Vacations Club at the Flamingo!

Warm regards,
Lisa Asdikian General Manager


2020 ASSESSMENT STATEMENT
Now available is the 2020 budget and statement for your association’s assessment, real estate taxes and annual Club dues—due by Jan. 1, 2020. The operations portion of the budget supports the daily management of your resort, while the reserves portion funds property improvements. This year, the overall combined assessment for all unit types has increased by 3.59%.

Your board works hard to contain costs as much as possible. Steps we implement to counter-balance increases include operational cost reductions and postponing minor initiatives. However, despite our best efforts, the assessment fee can sometimes be influenced by factors beyond our control. We would like to break down these costs so that you can understand the external economic pressures impacting your association.

Properties in Las Vegas are experiencing a competitive job market. As we strive to provide our Owners with only the best in customer service, we have incurred significant wage increases as we seek to hire and retain top-level employees.

Healthcare expenses also continue to increase faster than other expenses. The country’s low level of unemployment exacerbates this cost, as companies wishing to retain experienced talent must offer benefit packages that support employee retention. Significant costs have been incurred as a result.

On a larger scale, a record number of catastrophic natural disasters starting in 2017 and into 2019 have affected the insurance industry. The consequences of these disasters led to across-the-board increases in property insurance premiums in the hospitality industry. As a result, HGV properties experienced an average increase of 19% in insurance costs. Whenever significant insurance cost increases occur, we start the bidding process to ensure you pay the best price to keep your property secure and protected.

One of the advantages to vacation ownership is that your Home Resort team handles all necessary renovations for your vacation property. In 2021, it will be time for a major refurbishment of your property, which will include the interior of the guest suites and corridors. Reserves are currently being built up to address this project.

Your HOA board and resort management team remain committed in keeping costs down without compromising our service. If you have any questions regarding this year’s budget, please contact your resort manager, Lisa Asdikian.​

My Maintenance Fees for One Bedroom Platinum from 2003 to 2020

YEAR      OE           RE     TAX        SUB      ARDA     DUES       SA      TOTAL      Increase
2003    $431.46    $62.32    $31.52    $525.30    $3.00    $85.00    $0.00    $613.30    $0.00
2004    $433.63    $67.59    $33.70    $534.92    $3.00    $85.00    $0.00    $622.92    $9.62
2005    $442.44    $72.40    $34.40    $549.24    $3.00    $85.00    $0.00    $637.24    $14.32
2006    $451.21    $77.67    $35.52    $564.40    $3.00    $85.00    $0.00    $652.40    $15.16
2007    $470.62    $89.41    $37.99    $598.02    $3.00    $90.00    $59.80   $750.82    $98.42
2008    $501.59    $105.74   $38.21    $645.54    $3.00    $90.00    $96.20   $834.74    $83.92
2009    $539.78    $100.56   $41.79    $682.13    $3.00    $95.00    $95.33   $875.46    $40.72
2010    $546.51    $119.11   $49.09    $714.71    $3.00    $99.00    $0.00    $816.71    ($58.75)
2011    $557.44    $129.93   $44.04    $731.41    $3.00    $114.00   $0.00    $848.41    $31.70
2012    $565.26    $141.56   $26.97    $733.79    $3.00    $119.00   $0.00    $855.79    $7.38
2013    $585.80    $153.70   $27.63    $767.13    $3.00    $125.00   $0.00    $892.13    $36.34
2014    $599.22    $166.13   $31.62    $796.97    $5.00    $136.00   $0.00    $932.97    $40.84
2015    $616.60    $180.14   $29.45    $826.19    $5.00    $140.00   $0.00    $966.19    $33.22
2016    $635.54    $188.71   $29.64    $853.89    $5.00    $150.00   $0.00    $1,003.89  $37.70
2017    $639.49    $204.94   $29.56    $873.99    $5.00    $159.00   $0.00    $1,037.99  $34.10
2018    $648.28    $222.57   $29.98    $900.83    $5.00    $170.00   $0.00    $1,075.83  $37.84
2019    $665.60    $241.72   $30.49    $937.81    $5.00    $176.00   $0.00    $1,118.81  $42.98
2020    $678.29    $261.05   $31.35    $970.69    $5.00    $182.00   $0.00    $1,157.69  $38.88

Legend
OE = Operating Expense
RE = Reserve Fee
TAX = Real Estate Tax
Sub = Subtotal (OE + RE + TAX)
ARDA = Voluntary ARDA
DUES = Club Dues (increased from $85 to $182)
SA = Special Assessment (in 2007, 2008 and 2009)

NOTE: For multi-week owners Annual Club Dues are paid only once (not for each week)

Annual Assessment Billing Budget breakdown

• 2020 is attached.
• 2019 Annual Billing Assessment - https://tugbbs.com/forums/index.php?attachments/hgvc-flamingo-annual-assessment-billing-budget-pdf.9185/
• 2018 Annual Billing Assessment - https://tugbbs.com/forums/index.php?attachments/2018-fhrc-annual-billing-pdf.9187/

 

[Hobokie]

Elara Studio Plus (3,500 annual pts)

2020 Operating Fee: $546.33
2020 Reserve Fee: $97.36
2020 Real Estate Tax: $17.59
2020 Total (excluding Club Dues): $661.28

Moderator added:
Increase of $4.12 or 0.62% from 2019

 

[seagila]

CLUB REGENCY of MARCO ISLAND

2BR 7000 Points (Fixed Platinum Week)

2020 Operating Fee $790.58
2020 Reserve Fee $229.30
2020 Real Estate Tax $39.68
Total MF Cost 2020 (without club dues): $1,059.56

2019 MF was $1,004.51, increase of $55.05 or 5.48%

 

[seagila]

THE DISTRICT by Hilton Club

1BR - 7200 Platinum Points or 5100 Gold Points

2020 Operating Fee $1,174.24
2020 Reserve Fee $128.66
2020 Real Estate Tax $116.87
Total MF Cost 2020 (without club dues): $1,419.77

2019 MF was $1,400.37, increase of $19.40 or 1.38%


1BR PLUS - 9300 Platinum Points or 6300 Gold Points

2020 Operating Fee $1,498.93
2020 Reserve Fee $172.87
2020 Real Estate Tax $157.03
Total MF Cost 2020 (without club dues): $1,828.83

2019 MF was $1,800.19, increase of $28.64 or 1.59%


2BR PREMIER - 14,400 Platinum Points or 10,500 Gold Points

2020 Operating Fee $2,119.08
2020 Reserve Fee $257.31
2020 Real Estate Tax $233.73
Total MF Cost 2020 (without club dues): $2,610.12

2019 MF was $2,563.80, increase of $46.32 or 1.81%

 

[Kokolea]

Lagoon Tower / 2BR Plus (8,400 pts) / Platinum

2020 Operating Fee $1,279.63
2020 Reserve Fee $349.16
2020 Real Estate Tax $218.06
2020 Hawaii GE Tax $76.75
Total $1,923.60

Increase of $170.47（9.72%）from 2019（$1,753.13）

 

[Cyberc]

Hilton West 57th Street, Studio any season.

2020 Operating Fee $1,256.97 01/01/2020
2020 Reserve Fee $162.96 01/01/2020
2020 Real Estate Tax $156.31 01/01/2020

Total:$1,576.24

Increase compared to 2019: $59,22 or 3.9%

 

[GT75]

I have updated the average 2020 MFs increase which for the data posted so far which has been fairly consistent at around 3.54%. So that is good news and really the reason that many of us purchased HGV. I also uploaded the spreadsheet with the 2020 MFs data which has been reported so far. I don’t feel that I have enough data yet to update the 30 HGVC lowest MFs.

Please continue to post your MFs as you receive the invoice.

 

[mrharris03]

Kings' Land 2BR (BR2, Phase II), Fixed Week 51, 7000 HGVC Points

2020 Operating Fee $1240.39 (+$37.41, +3.1%)
2020 Reserve Fee $256.39 (+$31.49, +14%)
2020 Real Estate Tax $80.40 (n/c)
2020 Hawaii GE Tax $70.53 (+$7.15, +11.28%)

TOTAL $1647.71 (+$76.05, +4.84%)

 

[Kokolea]

Kohala Suites / 2BR Premier (9,600 pts) / Platinum

2020 Operating Fee $1,172.14
2020 Reserve Fee $379.73
2020 Real Estate Tax $79.85
2020 Hawaii GE Tax $73.12
Total $1,704.84

Increase of $66.71（4.07%） from 2019（$1,638.13）

 

[GT75]

Kings' Land 2BR Premier (2BX, Phase I), Platinum, 14,400 HGVC Points

2020 Operating Fee $1366.20
2020 Reserve Fee $309.13
2020 Real Estate Tax $96.94
2020 Hawaii GE Tax $78.95

TOTAL $1851.22 (Increase of +$88.90, +5.04%)

 

[mrharris03]

Hilton Club of New York, 7000 Points

2020 Operating Fee $1670.20 ( +$35.70, +2.18%)
2020 Reserve Fee $188.30 ( +$24.50, +14.96%)
2020 Real Estate Tax $270.20 ( +11.80, +4.57%)

TOTAL $2128.70 (+$60.20, +2.91%)

MF per point 30.41 cents/pt (previously 29.55 cents/pt)

Also, note that the HCNY "Club Dues" are now $309 (previously $299), an increase of $10/3.3%

 

[dayooper]

Hilton Club of New York, 7000 Points

2020 Operating Fee $1670.20 ( +$35.70, +2.18%)
2020 Reserve Fee $188.30 ( +$24.50, +14.96%)
2020 Real Estate Tax $270.20 ( +11.80, +4.57%)

TOTAL $2128.70 (+$60.20, +2.91%)

MF per point 30.41 cents/pt (previously 29.55 cents/pt)

Also, note that the HCNY "Club Dues" are now $309 (previously $299), an increase of $10/3.3%

What size is the on the deed? 1 bedroom? 2 bedroom?

 

[mrharris03]

What size is the on the deed? 1 bedroom? 2 bedroom?

The Hilton Club of New York is sold as an undivided interest, so you simply buy a number of points. The points can be used towards any room size in any season as part of the Hilton Club "Home Resort" booking window. The MFs are calculated and assessed on a per-point basis.

 

[Mowogo]

Bay Club 1BR
2020 Operating Fee $1,017.98 01/01/2020
2020 Reserve Fee $195.70 01/01/2020
2020 Real Estate Tax $77.10 01/01/2020
2020 Hawaii GE Tax $57.19 01/01/2020

For a total of $1,347.97
Moderator added:
Increase of $59.72 or 4.64% from 2019

 

[Jason245]

Bay Club 1BR
2020 Operating Fee $1,017.98 01/01/2020
2020 Reserve Fee $195.70 01/01/2020
2020 Real Estate Tax $77.10 01/01/2020
2020 Hawaii GE Tax $57.19 01/01/2020

For a total of $1,347.97
Moderator added:
Increase of $59.72 or 4.64% from 2019

As additional information:

Increase has been $188.27 since 2015 or 16.23% (5 years).

In that same time, the inflation has only been ~8.5%.

MF cost per point is now $0.28

2019 Operating Fee $982.10 01/01/2019
2019 Reserve Fee $186.91 01/01/2019
2019 Real Estate Tax $67.35 01/01/2019
2019 Hawaii GE Tax $51.89 01/01/2019
TOTAL $1,288.25



2018 Operating Fee $956.01 01/01/2018
2018 Reserve Fee $179.03 01/01/2018
2018 Real Estate Tax $67.74 01/01/2018
2018 Hawaii GE Tax $47.29 01/01/2018

Total $1250.07

2017 Operating Fee $936.21
2017 Reserve Fee $170.84
2017 Real Estate Taxes $62.20
2017 Hawaii Ge Tax $46.12
Total Current Balance: $1,215.37


Description
2016 Operating Fee $914.93
2016 Reserve Fee $163.17
2016 Real Estate Taxes $59.26
2016 Hawaii Ge Tax $44.91
Total Current Balance: $1,182.27


2015 numbers:

Operating $893.32
Reserve $156.89
RE Tax $60.74
GE Tax 43.75
Total $1,159.70

 

[lds337]

Kings’ Land - 3 Bedroom Premier (3BX) - 17,250

2020 Operating Fee - $1,565.36
2020 Reserve Fee - $392.67
2020 Real Estate Tax - $123.14
2020 Hawaii GE Tax - 92.27
2020 Total - $2,173.44 up 5.3% over 2019

$0.126 / point


Sent from my iPhone using Tapatalk

 

[dsmrp]

Bay Club, 2 bdrm 'A' style, 7000 pts

2020 Operating Fee $1,239.49
2020 Reserve Fee $264.18
2020 Real Estate Tax $104.08
2020 Hawaii GE Tax $70.86
TOTAL MF $1,678.61 an increase of 4.7%

 

[McIma]

• Resort Name/Unit Size: Elara One BR Grand Plus (5,500 Gold pts Annual)
  
• Operating Fee: $710.63
  
• Reserve Fee: $141.54
  
• Property Taxes (or note if they're billed separately): $34.64
  
• Developer Subsidy/ Special Assessment (where it exists):N/A
• TOTAL: $886.81 (plus club dues)
  
• Increase/decrease over 2018 MF's whether in dollar or percentage value (optional): Increase of only 3.38 (plus $12 increase in club dues)

 

[GT75]

Sunrise Lodge at Park City, Utah - 2BR Premier Ski Season (Platinum)
8400/10500 point room types

2020 Operating Fee $1100.22
2020 Reserve Fee $263.01
2020 Real Estate Tax $106.90
Total 2020 MF: $1,470.11

Increase of $64.24 or 4.57% from 2019