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Modern Honolulu to become a timeshare

RNCollins

TUG Lifetime Member
Joined
Jan 2, 2016
Messages
3,329
Reaction score
1,200
Points
399
Location
Borscht Belt
Resorts Owned
Tradewinds, Divi, Quarter House, Casa Ybel
Modern Honolulu to become a timeshare
https://www.travelweekly.com/Hawaii-Travel/Modern-Honolulu-to-become-a-timeshare

By Tovin Lapan / Hawaii / Travel Weekly / travelweekly.com / May 13, 2019

“Diamond Resorts will convert the Modern Honolulu from a hotel to a timeshare apartment building and has notified 30% of the staff, 78 workers, that their jobs will be eliminated in the next 30 days. This is just the latest development for a property that began its life as the first Edition hotel and has been in the headlines almost from the start.

The news was announced by the workers' union, Unite Here Local 5, and later confirmed by the Associated Press.

Las Vegas-based Diamond Resorts bought the Modern in April 2018 for a reported $225 million....”

E3AB92BA-0BC4-4DC2-98DD-AADDE608B999.jpeg

The Modern Honolulu hotel is being converted to timeshare units.
Photo: Travel Weekly
 

gjw007

TUG Member
Joined
Sep 23, 2005
Messages
924
Reaction score
4
Points
378
Location
Groveland, FL
Modern Honolulu to become a timeshare
https://www.travelweekly.com/Hawaii-Travel/Modern-Honolulu-to-become-a-timeshare

By Tovin Lapan / Hawaii / Travel Weekly / travelweekly.com / May 13, 2019

“Diamond Resorts will convert the Modern Honolulu from a hotel to a timeshare apartment building and has notified 30% of the staff, 78 workers, that their jobs will be eliminated in the next 30 days. This is just the latest development for a property that began its life as the first Edition hotel and has been in the headlines almost from the start.

The news was announced by the workers' union, Unite Here Local 5, and later confirmed by the Associated Press.

Las Vegas-based Diamond Resorts bought the Modern in April 2018 for a reported $225 million....”

View attachment 11778
The Modern Honolulu hotel is being converted to timeshare units.
Photo: Travel Weekly
Why is this being treated as a surprise, i was told by diamond almost a year ago when they bought it was going to be converted into a timeshare. Imagine a timeshare company buying a property to be used for timesharing. Novel concept
 

mjc775

Guest
Joined
Mar 20, 2018
Messages
87
Reaction score
42
Points
79
Resorts Owned
Wyndham Waikiki Beach Walk + DRI/HVC
When they first announced availability last year I was under the impression it was just another “affiliated resort/hotel” where availability is extremely limited, and the number of points required to make a reservation are way out of affordability for my measly 8500 pts/year. Therefore news that they bought the entire resort is a pleasant surprise to me. I’m looking forward to the possibility of in-room kitchenettes, laundry facilities, and more spacious accommodations.

I’m visiting Hawaii this week and went by the resort last night - let the sales presentations begin...
44b68acf51269f05825a7d006ea52026.jpg



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