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Apollo Group looking to buy HGVC [Merged]

Discussion in 'Hilton Grand Vacations Club / HGVC' started by toontoy, Aug 20, 2019.

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  1. terces

    terces TUG Member

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    Location:
    Alberta
    Resorts Owned:
    HGVC LVB x3, Sandos Mexico for RCI points
  2. JIMinNC

    JIMinNC TUG Member

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    Location:
    Marvin, NC (Charlotte suburb)
    Resorts Owned:
    Marriott:
    Maui Ocean Club
    Waiohai Beach Club
    Barony Beach Club
    Destination Club Trust
    HGVC:
    HGVC at Sea World
    Sapper likes this.
  3. CalGalTraveler

    CalGalTraveler TUG Member

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    The fear, uncertainty and doubt (FUD) stemming from Apollo cannot be good for sales. For both MVC/Vistana and HGV we have closed off our wallet to new purchases until the dust clears.

    However this may cause some "can't be missed" buying opportunities, so we might strike if the right property comes along at the right price.
     
    GT75 likes this.
  4. JIMinNC

    JIMinNC TUG Member

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    Marvin, NC (Charlotte suburb)
    Resorts Owned:
    Marriott:
    Maui Ocean Club
    Waiohai Beach Club
    Barony Beach Club
    Destination Club Trust
    HGVC:
    HGVC at Sea World
    I would expect a very small minority of prospects that pass through the HGV sales rooms have ever heard of Apollo Group, let alone their interest in acquiring HGV. I suspect the words "Apollo" and "Diamond" are rarely spoken in HGV presentations unless the prospect asks.

    I suspect similar might be true for MVC/Vistana, but given Marriott International's acquisition of the Westin/Sheraton brands and Bonvoy, the fact that there are now linkages between all of those brands is more common knowledge. Also, MVC and VSE sales reps have been spinning the merger in sales presentations for a while, and there has been some email communications with owners about that affiliation.
     
  5. CalGalTraveler

    CalGalTraveler TUG Member

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    True. On a positive note, all this FUD makes for easy "get out of jail free" cards from presentations. We have two coming up (1 HGV and 1 MVC) and we'll just present those as "too much uncertainty to make such a large purchase" as the excuse.

    I am so happy we bought resale. Can't lose much if you didn't pay much in the first place.
     
    Last edited: Oct 22, 2019
    GT75, Sapper, jabberwocky and 2 others like this.
  6. GT75

    GT75 Moderator

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    I am going to locked this thread because I think that it is getting too long and un-wieldy. Lets start a new thread when the HGV financial report or other HGV news is made. I will reference this thread as appropriate there.
     
    brp, ljmiii, escanoe and 2 others like this.
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