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What kind of deal did you get buying Resale? Advice please

sts1732

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Pinion pointe Sedona, az.
New to Hyatt. I own mvc and Starwood. A friend wants to sell me a 1 bed Hyatt highlands wk 4, 1880 points for $500 Maintenance $1600 aprox. Does Hyatt have something similar like Marriott where you can’t use the point system if u buy resale. Is this a good deal? I would imagine 1880 points won’t take me anywhere really? Please advise. Ty
With a little planning 1880 points can get you some nice places in II. Be flexible both in dates and time of yr., yrs. ago with our first Hyatt purchase and 1400 points we got 2 wks. back to back in the USVI through II and still had more than 700 points left.
 

Marathoner

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If it’s against the rule I wouldn’t do it but how would they know? Just being curious......at check in maybe?

Nobody cares until they start caring. You can read all about the Wyndham owners stories about how they profited from tactics using 60 day upgrades and credit pooling for years. It all worked fine until Wyndham cracked down on it. Until then, everyone got away with it and everyone benefited from it - including Wyndham's sales force.
 

lizap

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With a little planning 1880 points can get you some nice places in II. Be flexible both in dates and time of yr., yrs. ago with our first Hyatt purchase and 1400 points we got 2 wks. back to back in the USVI through II and still had more than 700 points left.

I've found flexibility is key to getting the most out of your TS.
 

youknowthenight

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For point of reference, I'm finishing up a purchase in Sedona for about $5000 for a 2bd with 2000 annual points. But if you feel you're purchase is giving you the ideal amount of points than go for it.
 

pacman777

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For point of reference, I'm finishing up a purchase in Sedona for about $5000 for a 2bd with 2000 annual points. But if you feel you're purchase is giving you the ideal amount of points than go for it.

Just curious if that passed ROFR? I heard they might not be exercising any ROFR due to then impending MVC acquisition.
 

Tucsonadventurer

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For point of reference, I'm finishing up a purchase in Sedona for about $5000 for a 2bd with 2000 annual points. But if you feel you're purchase is giving you the ideal amount of points than go for it.
That is an incredible deal. Enjoy!
 

SHG

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Hyatt Beach House
For point of reference, I'm finishing up a purchase in Sedona for about $5000 for a 2bd with 2000 annual points. But if you feel you're purchase is giving you the ideal amount of points than go for it.
Wow, it will be interesting to know if this passed ROFR for me as well. I just found the same resort/points that I am going to pursue!
 

ivywag

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Nobody cares until they start caring. You can read all about the Wyndham owners stories about how they profited from tactics using 60 day upgrades and credit pooling for years. It all worked fine until Wyndham cracked down on it. Until then, everyone got away with it and everyone benefited from it - including Wyndham's sales force.
It really is a disadvantage to your fellow Residence Club members to reserve prime weeks of CUP inventory and then rent them for your personal profit. It not only violates the rules but takes inventory out of the trading pool that another member might wish to reserve. If you own the specific week/unit that you are renting, that's great. If you don't, you should respect the rights of the other Club members. Periodically, Hyatt/Interval does crack down on some of the EBay listings.
 

Marathoner

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It really is a disadvantage to your fellow Residence Club members to reserve prime weeks of CUP inventory and then rent them for your personal profit.

I agree with you. I'm not saying that I condone the practice, I am stating what happened on Wyndham's system
 

bdh

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I agree with you. I'm not saying that I condone the practice, I am stating what happened on Wyndham's system

This thread has veered off the road of the original topic - so to continue to drive past the ditch and deeper into the woods....

Unfortunately the practice of reserving Sunset Harbor 4 day studio CUP reservations and renting them on Ebay has been going on in the Hyatt world for 6 to 7 years. As discussed here on TUG several years ago, the same 4 to 6 Hyatt owners (previously dubbed "The Studio Gang) run a profitable business by renting CUP reservations as the cost of a hotel room in Key West can be $200 to $400 a night depending on the season. With the 4 day studio being so few points to reserve in the Hyatt system, its easy money to rent a CUP reservation for $150 to $300 a night on Ebay.

It's also unfortunate that while Hyatt knows who the offending owners are and they have done absolutely nothing to stop/shut down the improper activity. 3 to 5 years ago, Hyatt stated that while the rules do not permit the renting of CUP reservations, the rules didn't outline a penalty for the activity, so there wasn't anything they could do to stop it. About 2 years ago Hyatt updated The Club rules to address the rental of CUP reservations by including the following language in rule 6.2.

In the event a Club Member rents accommodations reserved through the Club when prohibited from doing so under these Rules and Regulations, the Club has the authority, in the Club’s sole discretion, to suspend or cancel the Guest Certificate issued in connection with the reserved accommodations rented in violation of these Rules and Regulations.

Fast forward to today and Hyatt has still done nothing the stop/shut down the Ebay rental activity of The Studio Gang. So the practice of 4 day studio rentals to the public and thereby eliminating the possibility of a week long stay in a 2 bedroom unit by an Hyatt owner that wants to visit Key West continues.
 

WalnutBaron

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This thread has veered off the road of the original topic - so to continue to drive past the ditch and deeper into the woods....

Unfortunately the practice of reserving Sunset Harbor 4 day studio CUP reservations and renting them on Ebay has been going on in the Hyatt world for 6 to 7 years. As discussed here on TUG several years ago, the same 4 to 6 Hyatt owners (previously dubbed "The Studio Gang) run a profitable business by renting CUP reservations as the cost of a hotel room in Key West can be $200 to $400 a night depending on the season. With the 4 day studio being so few points to reserve in the Hyatt system, its easy money to rent a CUP reservation for $150 to $300 a night on Ebay.

It's also unfortunate that while Hyatt knows who the offending owners are and they have done absolutely nothing to stop/shut down the improper activity. 3 to 5 years ago, Hyatt stated that while the rules do not permit the renting of CUP reservations, the rules didn't outline a penalty for the activity, so there wasn't anything they could do to stop it. About 2 years ago Hyatt updated The Club rules to address the rental of CUP reservations by including the following language in rule 6.2.

In the event a Club Member rents accommodations reserved through the Club when prohibited from doing so under these Rules and Regulations, the Club has the authority, in the Club’s sole discretion, to suspend or cancel the Guest Certificate issued in connection with the reserved accommodations rented in violation of these Rules and Regulations.

Fast forward to today and Hyatt has still done nothing the stop/shut down the Ebay rental activity of The Studio Gang. So the practice of 4 day studio rentals to the public and thereby eliminating the possibility of a week long stay in a 2 bedroom unit by an Hyatt owner that wants to visit Key West continues.
Because I'm on the West Coast and own and visit Hyatt properties in the West, I had no idea this kind of practice was occurring with regularity at Sunset Harbor. HRC could take a much tougher stance toward The Studio Gang--and that would be to simply suspend their online accounts and access to the Hyatt Residence Club website if they continue to abuse their privileges of ownership. It is patently unfair for these owners to tie up desirable mid-week reservations and thereby prevent other owners who play by the rules to not be able to reserve 2BR units for an entire week. The whole intention of 2BR units, of course, is to be able to allow families or friends to accompany owners to a beautiful place for a fun-filled vacation. The Studio Gang has breached the good faith of fellow owners for their own financial gain to the detriment of Sunset Harbor, HRC, and the other owners of the property.
 
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Tucsonadventurer

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Because I'm on the West Coast and own and visit Hyatt properties in the West, I had no idea this kind of practice was occurring with regularity at Sunset Harbor. HRC could take a much tougher stance toward The Studio Gang--and that would be to simply suspend their online accounts and access to the Hyatt Residence Club website if they continue to abuse their privileges of ownership. It is patently unfair for these owners to tie up desirable mid-week reservations and thereby prevent other owners who play by the rules to not be able to reserve 2BR units for an entire week. The whole intention of 2BR units, of course, is to be able to allow families or friends to accompany owners to a beautiful place for a fun-filled vacation. The Studio Gang has breached the good faith of fellow owners for their own financial gain to the detriment of Sunset Harbor, HRC, and the other owners of the property.
The salesmen at Pinon Pointe are pitching this and when I told him it was against the bylaws he said Hyatt didn't care and he did it himself. Hyatt needs to start there if they do care.
 

Rick E

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We just closed on our Wynward Point silver 1400 points and paid $2,100 all in. We already owned a 1 bedroom gold pinion pointe with 1240 points, so now we can pretty much pick our location/week going forward. I think you could get a better price, if you wanted to try, and maybe wait. Hyatt waived ROFR pretty quickly. Good luck
 
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