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DRI Inventory Distribution

Discussion in 'Diamond Resorts International / Embarc Resorts' started by nuwermj, May 17, 2019.

  1. nuwermj

    nuwermj TUG Member

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    For those interested in such things, the attached table shows the distribution of points and weeks among the Diamond Resorts collections. The "Weeks" column reports the number of weeks owned by the corresponding collection while the "Points" column reports the total points generated by the collection-owned weeks. The percent distributions are distributed among the aggregate weeks and points held by collections. Weeks held outside of a collection are not included in this table.

    Notes: All "weeks" data are taken from documents released by DRI. "Points" data in three rows (Factional Club in Europe, the Monarch Collection, and the Cabo Collection) are estimates. The remaining "points" data are taken from DRI documents. Individually owned deeds enrolled in (or assigned to) The Club are not included in the data. Embarc is not included because it is not an affiliate of The Club.


    DRI Inventory Distribution.png
     
    Last edited: May 19, 2019
    TUGBrian and youppi like this.
  2. cali-gal

    cali-gal TUG Member

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    Interesting. So although we've been told something like 90% of the Hawaii weeks have converted to points, it doesnt appear to be anywhere near that. In order to entice us to convert, we've been told that at some point there won't be other weeks to exchange with since "nearly everyone" has or will convert.
     
  3. nuwermj

    nuwermj TUG Member

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    I don't think the data I posted can be used to draw this conclusion. But it is correct that 90% of the Hawaii weeks have NOT converted to points. The attached image is from the Hawaii Collection's 2018 annual meeting held last October. It shows the total number of weeks at each resort and the number owned by the HI Collection trust fund. About 60% of the weeks at the two Hawaii locations are owned by the trust fund.
     

    Attached Files:

  4. pedro47

    pedro47 TUG Review Crew: Expert TUG Member

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    How many weeks does DRI owned at Greensprings, Powhatan, both are in Virginia and Cypress Pointe, Cypress Grande Villa and Grande Beach all are in the state of Florida ?
     
  5. youppi

    youppi TUG Member

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    Hi Michael,
    Where do you take your number of points ?
    The 14,994,500 pts of CA Collection owns by HI Collection match the number published in the last annual HI Financial Report (2017) but the 333,994,290 pts doesn't match the 435,078,740 pts of the same financial report document nor the 316,809,000 pts owned by HI Collection members published in the 2018 annual meeting (the number of point owned by the developer is not included in the 316,809,000 pts I think). So, where the 333,994,290 pts come from ? The 2018 HI financial report is not yet published. Do you get an early document ? Thanks.

    Same thing for the US Collection number of point. It doesn't match any documents I saw.

    @pedro47 I'm not sure of your question if you ask for the trust or the developer. For the developer, I don't know but for the trust, you can find all the data in the US Financial Reports section of my spreadsheet at https://docs.google.com/spreadsheets/d/1jo0_ti3h8ZWy41VCCeaFLfpHqZKe38zADMPFQ9lDfg8/pubhtml#
     
  6. nuwermj

    nuwermj TUG Member

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    We don't know DRI's ownership, if you mean DRI the company. The US Collection trust fund's ownership, is in the attached table.
     

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  7. nuwermj

    nuwermj TUG Member

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    Hi Luc. For this table I took the Hawaii and US Collection numbers for the Public Offering Statements. The HI statement is dated May 2, 2018. I get your point. I can't find an ownership snapshot at the same point in time, which is why I'm calling these data estimates. It's the percent distributions that seem most interesting to me.
     
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  8. mjc775

    mjc775 Guest

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    I guess this partially explains why if I don’t book exactly at least 10-months out, many times there’s no availability to book with my DRI points but there’s plenty of availability when booking through Expedia.


    Sent from my iPhone using Tapatalk
     
  9. youppi

    youppi TUG Member

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    Thanks for the info Michael.

    For the absolute number of points, if all reports are accurate then
    for the US Collection:
    • 1,438,497,261 pts as of December 31, 2017 (US Collection Financial Report)
    • 1,353,838,080 pts as of January 31, 2018 (Final Timeshare Plan Public Report from the Real Estate of the State of California)
    The US Collection lost 84,659,181 pts in 31 days. That's a lot of points (84.6 millions of points) lost in 31 days.

    for the HI Collection:
    • 435,078,740 pts as of December 31, 2017 (HI Collection Financial Report)
    • 333,994,290 pts as of May 2, 2018 (Final Timeshare Plan Public Report from the Real Estate of the State of California)
    The HI Collection lost 101,084,450 pts in 122 days. That's a lot of points (101 millions of points) lost in 122 days.

    All those points lost by trust are weeks converted back to week by Diamond or members ?

    I can't wait to see the 2018 Financial Report that should be available normally in June to see the number of points in both collections.
     
  10. nuwermj

    nuwermj TUG Member

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    I can only speculate about the question, but I have wondered about all the inventory surrendered under the Transitions program. There may have been a lot of people willing to use the program in it first year putting a lot of points into Diamond's ownership bucket. If they estimate they cannot sell that many points within the year, it is less expensive to convert the exess points to deeds. Diamond's carrying costs are lower for deeds than they are for points. These deeds would then be inventory that Diamond can offer to Platinum members in the 14 month extended window. Again, I'm just guessing, but the pieces seem to fit with the two new programs. The Financial Reports might tell us more.
     
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  11. pedro47

    pedro47 TUG Review Crew: Expert TUG Member

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    To the OP. Thanks, that is what I wanted to see.:thumbup::thumbup::hi:
     
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  12. youppi

    youppi TUG Member

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    The 2018 HI Collection financial report has been published and on Dec 31, 2018 there was 435,001,220 pts in the HI Collection.

    So, for the HI Collection:
    • 435,078,740 pts as of December 31, 2017 (HI Collection Financial Report 2017)
    • 333,994,290 pts as of May 2, 2018 (Final Timeshare Plan Public Report from the Real Estate of the State of California)
    • 435,001,220 pts as of December 31, 2018 (HI Collection Financial Report 2018)
    Data from the Real Estate of the State of California look more strange then a month ago now that we have the 2018 financial report
    Is it possible that the Real Estate reports only points sold and the financial report includes also the developer points to the points sold ?

    Dec 31, 2018
    upload_2019-6-12_19-23-38.png

    Dec 31, 2017
    upload_2019-6-12_19-24-57.png
     
  13. nuwermj

    nuwermj TUG Member

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    Luc, Thanks for following up on this. I'm not sure why there is a discrepancy between the two documents.
     
  14. youppi

    youppi TUG Member

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    Hi Michael,
    I looked at the 2018 US financial report that you just sent to me and it's the same story
    for the US Collection:
    • 1,438,497,261 pts as of December 31, 2017 (US Collection Financial Report)
    • 1,353,838,080 pts as of January 31, 2018 (Final Timeshare Plan Public Report from the Real Estate of the State of California)
    • 1,553,671,415 pts as of December 31, 2018 (US Collection Financial Report)
    Are they playing a game like January first they remove their weeks from the trust to pay less MF on them and during the year before the cut-off day where if they own a certain % of points their voting power is 3x per point in place of 1x per point like us to be sure to keep control of the trust ?
     

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