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Hyatt Grand Aspen owners file suit against Marriott/Interal/etc

Discussion in 'Hyatt Residence Club' started by TUGBrian, May 21, 2019.

  1. TUGBrian

    TUGBrian Administrator

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    Sapper and taffy19 like this.
  2. Sapper

    Sapper Tug Review Crew: Rookie TUG Member

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    Wow, similar to the Ritz suit, but specifically about how the HPP has undermined their ownership. It states that the owners are seeking to terminate the relationship with the “Portfolio Club”. Is the portfolio club the HRC or the HPP?

    Also, since the owners feel their ownership has been substantially devalued... anyone interested in selling their Aspen unit cheap? No, I didn’t think so. :)
     
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  3. Tucsonadventurer

    Tucsonadventurer TUG Review Crew: Veteran TUG Member

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    HPP is portfolio club
     
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  4. Panina

    Panina TUG Review Crew: Elite TUG Member

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    Very interesting. Will be interesting what will happen. Hoping the owners will win.
     
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  5. Sapper

    Sapper Tug Review Crew: Rookie TUG Member

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    Thanks!

    My wife likes Key West, I like Carmel, we both like Aspen!
     
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  6. amycurl

    amycurl TUG Member

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    I think the most fascinating thing in that suit is that they are invoking the state's RICO law.
     
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  7. CO skier

    CO skier TUG Member

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    The plaintiff attorneys are just throwing everything into the basket that they can. This will become interesting only if the courts allow the lawsuit to proceed on this claim.
     
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  8. Sapper

    Sapper Tug Review Crew: Rookie TUG Member

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    Do y'all think this will cause the Aspen unit prices to drop like the Ritz prices have dropped?

    If the suit is successful, would the HPP trust holding the Aspen inventory have to divest the held inventory?
     
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  9. dioxide45

    dioxide45 TUG Review Crew: Veteran TUG Member

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  10. TBipp

    TBipp TUG Member

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    Very timely conversation. I just called 5 minutes ago and asked for waiting list for September 2020 in Aspen. I was asked if I wanted "Classic" or "Portfolio" and "Portfolio" was an extra $60 housekeeping fee; however, I would have a better chance of my request being filled if I go with Portfolio as it would be a larger pool of units (Classic + Portfolio units). She also said the Portfolio units were coming from Hyatt's inventory? I opted for Classic but planned to come here and ask if I should go with Portfolio to ensure I get my reservations. What do you think? And, I realize I should probably start a new thread with this question.
     
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  11. Sapper

    Sapper Tug Review Crew: Rookie TUG Member

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    That’s interesting. Curious, do you hold both HPP and HRC points?
     
  12. TBipp

    TBipp TUG Member

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    Sapper, I thought it was interesting also. We only own HRC points.
     
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  13. Tucsonadventurer

    Tucsonadventurer TUG Review Crew: Veteran TUG Member

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    What's interesting is they tell us there is only 1 wait list. No clue what the rules are anymore
     
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  14. Sapper

    Sapper Tug Review Crew: Rookie TUG Member

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    Maybe they have given up on two separate lists and just combined everything. If an HRC owner uses an HPP unit, then they charge $60 and Hyatt (Marriott) makes some money that may have otherwise been left on the table.
     

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