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Holiday Inn Club Vacation - Did I Get A Good Deal?

Discussion in 'All Other Timeshare Systems' started by GoodOrBadIdea, Jan 31, 2016.

  1. dayooper

    dayooper TUG Member

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    HGVC at The Flamingo
    They legally don't have to provide you with an update. As long as you followed the instructions, you will be fine.
     
  2. silentg

    silentg TUG Review Crew: Expert TUG Member

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    Orange Lake, Fitzpatrick's Castle Holiday Homes, The Pines At Aspen East, Oyster Bay
    Hi
    I hope you recined this offer? We bought a timeshare at Orange Lake years ago. We owned a studio then upgraded to a two bedroom. Like you, we use the resort for day trips with family and friends. Since we live in Central Florida. We were at an update where they tried to sell us overpriced week. We kept saying no until we got the price lowered for127,00 points to an agreeable price for all of us. Way less than the offer you got.
    We have used IHG points to travel to London, Rome, and Paris. We hardly ever stay at HIVC resorts, but have stayed at OL, Myrtle Beach, Cape Canaveral, Orlando Breeze. Used IHG in Seattle, Jacksonville, FL, and many other hotels. Usually fill in a day or two before a timeshare stay.
    Hopefully you have found a better deal with a timeshare?
    Let us know .
    Silentg
     
    Bigmac3678 likes this.
  3. kirby3

    kirby3 TUG Member

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    Question: when you pay the $8500 do they take your existing deeded weeks you own and convert them all to points? If you owned a November (low) week would that week have the same value as a March (high) week? With both being the same unit size. I was told before it doesn’t matter what week you own in HIVC points system but the size of the units. This holds true for all weeks except week 52. Is this correct?
     
  4. DrQ

    DrQ TUG Member

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    Resorts Owned:
    HICV, Westgate (second cousin, twice removed), Inverness by the Sea
    In our case, we had two Silverleaf weeks. They took one in trade and used the equity against a purchase of a new trust deed for XXXX points. In our case it was 200K points. We retained our other home resort/week but we can deposit it in to HICV for points (165K). The points on the other unit is based on its location/size/week from the book. We had to pay $16K to convert, but we didn't to lose our EE/BT and start over. I did a quick look on the secondary market and did not see much for Lake Geneva/Gatlinburg/Myrtle Beach which you can buy as points.

    The trust is just points so you don't have Home access, just Resort access, so your only booking advantage is 13-10 months, then open access like everyone else.

    The only other twist we have encountered is you can buy Signature Club points ($$$$$$$$) which gives you 13 month access to all the Signature properties regardless of your membership status. Supposedly, they only sell them in 100K blocks, but they offered us a 50K block, because we were "special".

    As Silverleaf EE/BT holders, we were able to retain that. Our converted trust now has EE and the old week still has BT managed by the Silverleaf portal.

    (EE Endless Escapes/BT Bonus Time)
     
    Last edited: Oct 28, 2018
  5. taro tea

    taro tea Guest

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    If I want to pay a lawyer to cancel the contract, how much does it usually cost?
     
  6. mentalbreak

    mentalbreak Guest

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    Trick question. Paying a lawyer to cancel contract is not a good option IMO.

    If you are in the recession period, follow the instructions and rescind yourself. Payment to lawyer is zero.

    If you are out of the recession period and “pay a lawyer to cancel the contract” you will likely pay a lot and either not cancel or “cancel” via default. This carries real-world consequences. But again you can do without a lawyer.
     
  7. HolidayInnClubVacations

    HolidayInnClubVacations Guest

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    Resorts Owned:
    Holiday Inn Club Vacations, Diamond Resorts
    Holiday Inn Club Vacations takes the brand awareness and business legacy of Holiday Inn, and tarnishes it with a menagerie of dishonest salesmen, unscrupulous and deceptive middle managers, backed by an organization that has zero accountability and very poor internal communication. Just try to get to the correct department to resolve an issue..it will take months.
    I paid for a stay at the Orange Lake Resort in Orlando, Florida, attended a time share presentation, and relied upon what turned out to be COMPLETELY FALSE misrepresentations of what this company's point values, packages, and booking standards are. Having never actually used the timeshare after realizing that almost everything we were told about how it works was false, I have been in a month's long battle with scores of unaccountable members of this poorly run organization. The company believes in internally passing the buck and never doing what they say they will do. They will "Open investigations" into your claims that seem to never get investigated, resolved, or even remembered by the time you speak to them next. Each time you speak to a representative they will tell you that someone is looking into the matter and will contact you, which never happens. The employees don't talk to each other, obviously keep poor records, and take no responsibility for the salespeople or their organization's behavior. DO NOT BUY THIS TIMESHARE. There are plenty of BETTER ones out there run by BETTER ORGANIZATIONS. I am an owner with Diamond Resorts, and as much as I have complained about some of their practices, they are an immaculate organization compared to Holiday Inn Club Vacations. It is truly disappointing the way these people operate. If you value your money, your time, and expect basic honesty and integrity out of those you do business with, stay as far away from Holiday INN Club Vacations and all of their partners, affiliates, and subsidiaries as possible.
     
  8. Bmatrose

    Bmatrose TUG Member

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    Other than the hard selling sales agents, I've had no issues with HICV. If you hate them so much why name your account after them?
     
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  9. Sshine

    Sshine Guest

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    I agree...We have gone to orange lake for the last 20+ plus years with my family owning a timeshare there growing up. We finally bought our own unit (on resale) this year. Other than the selling agents, we have no complaints either.
     
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  10. InquiringMinds

    InquiringMinds Guest

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    I bought last Friday from hicv and sent my rescission letter today (thanks TUG!!!). Similar to this poster from a few months ago, I got 50,000 pts, but for 12,500. MF $408, membership fee $136, reservation fee is $64per, exchange fee is $59-$288 (59 for IHG, 288 for RCI. 5:4 exchange rate to ihg, 2:1 for RCI. Sales “weasel” (I like that) told me point rates for ihg stays would range from 3500-7000/night. I like the flexibility of hotel access but upon further research it seems the 7000/night is on the Low end and it’s more like 15k+ per night (any Info on that?). I was intrigued as others have been by the CHEAP mid week stays (as low as 7,000 pts for a Sunday-thurs stay in almost all weeks). I was turned off by the locations of the resorts though since I’m in the northeast and would have to fly to most for considerable cost. It seems most of you own ALOT of points or more expensive weeks. If I only traveled mid week, is this really such a bad deal? I saw nightly rates at oak and spruce or Williamsburg for a 2 bedroom or similar for ~$180/night. If I did 10nights/year that’s ~$1800, well above my fees per year (let’s say $800) and assuming 20 years of usage, averaging my $12500 purchase down to $625/year. I know now about resale and that MF goes up ~5% per year. What am I missing? Looking forward to learning the game from all of you and trying again in a few months. It seems there are good deals to be had, just have to find them. Thanks in advance!
     
  11. Bmatrose

    Bmatrose TUG Member

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    Sales “weasel” (I like that) told me point rates for ihg stays would range from 3500-7000/night. I like the flexibility of hotel access but upon further research it seems the 7000/night is on the Low end and it’s more like 15k+ per night (any Info on that?). - YES this is incorrect. Most hotels are from 15,000 up to 70,000 a night


    I was intrigued as others have been by the CHEAP mid week stays (as low as 7,000 pts for a Sunday-thurs stay in almost all weeks). That is not correct. You may find a studio for around 7,000 a night during the week

    With 50,000 points a year you may get a couple of nights offseason in a 2 bedroom. No where near 10 nights.
     
  12. gjw007

    gjw007 TUG Member

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    You got me curious so i looked up some nightly point costs for 2-bedrooms on sun-thurs stays. These are from the slowest season.

    Bay point - 7600 points per night
    Apple valley - 4500 points per night
    Fox river - 4500 points per night
    Oak and spruce - 4500 points per night
    Holiday hills - 6000 points per night
    Timber creek - 4500 points per night
    Ozark mountain - 6000 points per night
    South beach - 5300 points per night
    Smoky mountain - 6100 points per night
    Hill country resort - 6000 points per night
    Piney shores - 4500 points per night
    Holiday lake - 4500 points per night
    Villages resort - 4500 points per night
    Galveston - 4500 points per night
    Mount ascutney - 6900 points per night
    Williamsburg - 5500 points per night
     

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  13. Bmatrose

    Bmatrose TUG Member

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    i meant to say With 50,000 points a year you may get a couple of nights in season in a 2 bedroom. No where near 10 nights.
     
  14. DrQ

    DrQ TUG Member

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    I've been known to refer to them as Sales weasels to their faces during a presentation.
     
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  15. Gypsy65

    Gypsy65 Guest

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    I know this is an older thread and seems to bounce around a little bit
    But I have a ??

    We own at Orange Lake. Purchased a couple eBay weeks with 1 being week 52 and I think a 3br
    Purchased one week from OL a couple years ago. Then another from them last year which brought us to a million points and in some other club. Registry I think

    We are platinum elite members. Get week 53 every few years since we own the 52 week which is a extra weeks worth of points. I think 266k??

    We did all this for about $75,000

    Question is. Did we do this right or did we still get a bad deal?

    We use it a lot and although the $$ seems high at first glance maybe it isn’t that bad considering what we get in return and would maybe have that and more in rentals etc??

    We still are working on the best ways to use our time and points
    They keep telling us to use them on our 1-2 cruises we take a year but the numbers seem to be off. Seems cheaper to pay cash for a cruise and have more points for our stays??

    The resorts we’ve stayed at have all been great and we usually end up in a signature unit

    Just curious how we did?

    Thanks for any info on our deal and how we can maybe utilize it to it’s best potential
     
  16. Gypsy65

    Gypsy65 Guest

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    Duplicate post. Sorry
     
  17. Bmatrose

    Bmatrose TUG Member

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    You did much better then buying all from the developer. Im currently Elite but not signature...didnt see much benefit....Wouldn't go to platinum elite for anything...Dont want to lose the ability to rent points at .005 per point...I was able to accomplish this for less then half of what you paid but I feel like I got pretty lucky and accomplished this at just the right time. Enjoy the membership. Use your points for resort stays, never use it for cruises, rental cars, flying, maintenance fess etc...They have horrible conversion rates. Another good way to see if you see how you did is by how much your maintenance fees are.
     
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  18. Gypsy65

    Gypsy65 Guest

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    Is your point rental .05 cents a point or .005 ?
    At .005 it’s $5,000 for 1 million points is that correct?

    I think white how and what we purchased we get a lot of perks. Bounds weeks as many do. The added 53 week points and other things that we are still trying to take advantage of and learn to use correctly

    I agree to not use points for other purchases

    Since we brought in fixed weeks and converted them to points Via the new purchase from the developer. Can they ever take that value back and return the points back to fixed weeks?

    Also
    We were told when we purchased our most recent week from the. That we can add anyone to the deed. Which I assume is correct
    So I asked them. If I add a person to my deed and then remove myself from the deed Does that new person get everything we already have in place with the million points?
    There answer was yes! Do you know if that’s true?
    If so then in theory I could sell my entire package as points and work the deal as stated correct?
     
  19. mentalbreak

    mentalbreak Guest

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    Do you know if that’s true?

    I hope you have this Q&A in writing. Because it is not true.
     
  20. Bmatrose

    Bmatrose TUG Member

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    Is your point rental .05 cents a point or .005 ? .005
    At .005 it’s $5,000 for 1 million points is that correct? Yes, I can rent another million points for $5,000.

    Can they ever take that value back and return the points back to fixed weeks? I dont think so, you have a contract on the points. I think they could change your benefit level though. That is always subject to change.

    If so then in theory I could sell my entire package as points and work the deal as stated correct? No chance that is true...Trust points are a different. I think you can sell them but they have a ton of restrictions on them when resold.
     
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  21. MagicMedic

    MagicMedic Guest

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  22. MagicMedic

    MagicMedic Guest

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    Your post is well thought out and very thorough. The question of whether or not you got a “good deal” depends in large part what your plans for your vacations are. We love our membership in HICV and use it all the time. Sure, you can buy fixed weeks at HICV Resorts on the secondary market for cheap but you have to carry the heavy weight of high maintenance fees for only a specific week and unit at one resort. I have read some posts about people who are pretty bent out of shape about this. What buyers have to remember now is that what you are buying is the flexibility of going when and where you want. If you did the math and it works for you, be happy. The resorts are great. Resort systems like HICV are working hard to make sure they have a product to sell that cannot be undercut by the secondary market. That is understandable from their business perspective. In the past, the timeshare sales industry tried to make it seem like having a deed meant you had something of intrinsic value. Most of the time, the deed was a liability. Now, it’s all about membership in “the club”. We are very happy with HICV. MagicMedic
     
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  23. silentg

    silentg TUG Review Crew: Expert TUG Member

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    I agree , we have a week at OL and have stayed there and some other HIVC resorts, best part is the ability to use IHG system of points for hotel stays.
     
  24. jbiz83

    jbiz83 Guest

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    We bought 50,000 points on 5/1, but now want to cancel. Is it to late to get any kind of refund on the down payment?
     
  25. Bmatrose

    Bmatrose TUG Member

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    Way past recession period...Don't think their is any way to get a refund and now you are obligated to pay the rest of the contract. Learn to use the timeshare to the best of your abilities.
     
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