The $2.7 billion cash deal is expected to close in the fourth quarter of this year. Hyatt hired competent professionals assessing/reviewing these deals. People are being really funny when accusing Ben of not understanding how expensive or exclusive this or that all-inclusive property is. RedWeek, Inc. is a Registered Seller of Travel in the following states: Oct 22, 2021 (edited), Apr 05, 2022 (edited), Jun 11, 2022 (edited), Jun 15, 2022 (edited), Dec 05, 2022 (edited), Jan 05, 2023 (edited), Jan 18, 2023 (edited), Feb 19, 2023 (edited). But I do recall her saying we would still have access too all of our DRI resorts, as we have in the past. Were platinum members and pay outrageous yearly maintenance fees. The maintenance once I am not happy with has means of renting out rooms to collect money and those can be used toward maintenance and utilities etc. No thanks. Soak up the sun. Hyatt is doubling its global resorts footprint through the addition of ALG's AMR Collection brand portfolio, which comprises approximately 100 hotels and resorts operating in 10 countries, as well as a pipeline of 24 executed deals in the Americas and Europe. Would have loved for them to buy Excellence, its the only all-inclusive i will ever consider. This is huge for Hyatt leisure travellers, espcially those with families. Hyatts acquisition of ALG represents a brand-defining moment in our more than 60-year history and builds on our legacy as a hospitality leader, said Hyatt president and CEO Mark Hoplamazian, president, adding, Hyatt and ALG have highly complementary brand portfolios and share a deep commitment to colleague and guest experiences focused on care. Miles of pristine beaches, tiny island keys and underwater reefs surround the boundaries of this southeastern peninsula providing the quintessential vacation destination where an inland oasis offers high energy adventure with endless amusement parks, entertainment and shopping extravaganzas.A stones throw away from the clear blue waters of the Atlantic, Ocean Beach Club offers a quiet, relaxing atmosphere to come back to at the end of the day. Hyatt says the following brands are included in the deal: Apple Leisure (or ALG) also sells vacation packages and charters. Also, we thought the hard timeshare sales tactics of badmouthing the competition and making an offer contingent on your accepting it immediately were a thing of the past.! This is an update to note that this agreement has now been finalized, and we have more of a sense of when World of Hyatt members can expect to benefit from this. Because that is a lot of additional money - I already own a deeded week and paid that much for 9000 points. Marriott Vacations Worldwide Completes Acquisition of Welk Resorts Javier - that is my question as well. The AMR Collection checks that box, specializing in unlimited luxury all-inclusive experiences like gourmet a la carte dining and many amenities and perks usually not associated with all-inclusive resorts. My husband then got very upset and said, why didnt they offer this to begin with.? Why are diamond fees more than double that? Well just before year end an offer came in and it was very low. As a result, Hyatt now offers one of the largest collections of luxury all-inclusive resorts in the world, including new destinations for Hyatt such as Acapulco, Curaao, the Canary Islands, Menorca, and St. Martin. . Many of our features might not work. But it was better than paying to get rid of the money pit! Hyatt Hotels has completed its acquisition of Apple Leisure Group, adding roughly 100 hotels and resorts to the Hyatt portfolio, including popular all-inclusive properties from brands like Secrets Resorts and Spas and Dreams Resorts and Spas. Now the company has spent more than five times as much on Apple Leisure Group. Diamond Club Members beware! I wonder if Hyatt is going to rebrand most/all these all inclusives to Zivas or Zilaras. Any increase in Hyatt hotels in Mexico and the Caribbean is FANTASTIC. View Vacation Offers Meet the Family They're our caring colleagues, our friends. These are not the Royalton properties under the Marriott umbrella. The presentation is just a sales pitch so they can get paid. Hyatt Hotels Corporation , headquartered in Chicago , is a leading global hospitality company offering 20 premier brands. Currently, Choice Hotel points can be used to book this very same properties, usually ranging between 40k and 60k hotel points. World of Hyatt's top all-inclusive contenders. I hope i have a chance bases on the fact that I do not fit the creteria. I had truly hoped that Hilton would prove to be a more ethical corporation than we experienced with Diamond but unfortunately weve found that the greed just changed names! They are far more knowledgeable than armchair commenters and travel bloggers who believe they know better how to run a Hotel group. Test your swing on one of the many nearby golf courses, soak up the seemingly endless sunshine or discover what makes Scottsdale an iconic desert destination. There's no shortage of places to stay with our wide collection of Florida timeshare resorts, where you'll feel at home with . Timeshare News: Hilton Grand Vacations To Acquire Diamond Resorts Adults-Only Resort in Conejos Bay | Secrets Huatulco Resort - Hyatt Presentations will tell members that they have to buy in to use the Hilton properties and benefits and at huge prices. It is always stressful. Cash proceeds from the $2 billion asset sale programare expected to be usedto pay down debt, including debt incurred to fundthe acquisition. Not an easy task. This seems like a quick fix for Hyatt Marketing to squawk about. i do not fit into that creteria either. All prices in U.S. dollars unless otherwise stated. Through the acquisition, Hyatt has added properties in 11 new European markets and expanded its European brand footprint by 60%, strengthening Hyatts growth potential in a critical region for global leisure travel demand. We may receive compensation when you click on links to those products. A cheap Cruise Ship on the ground. I need to check on this, and wow the resorts are out of this world amazing and I am glad to spend my initial investment plus $450 annually. So I went, and found out that I was actually signing another contract to join Hilton Grand Vacations, I did not know this at the time. In 2009, 63% of Hyatts earnings came from owned and leased properties, with fee-based earnings making up the remaining 37%. This is a big letdown because the one thing I don't like about Hyatt is its small footprint. Marriott International is adding 19 Blue Diamond Resorts - Travel Weekly This gives members the ability to earn and redeem points at all kinds of new properties. "Our plans are to re-brand Diamond properties to a new sub-brand of HGV, which will be called Hilton Vacation Club," said a spokesperson for HGV. Here are the latest all-inclusive . Its a nightmare! ALG manages AMResorts, which includes Alua, Breathless, Dreams, Secrets, Sunscape, and more. This news may have a significant impact on owners of both clubs. Diamond Owners need to get together. + Get 15,000 Hilton Honors Points. The ultra-luxury all-inclusive Dreams Resorts chain is coming under the Hyatt banner. Currently, the two clubs are separate in the sense that owners can not book a reservation at the other clubs resorts using the points they currently own. Tucked away on the secluded coastline of Conejos Bay, Secrets Huatulco Resort & Spa offers the ultimate escape for serenity and romance. "Over time, we will provide additional details on how these two clubs might function together," HGV said in response to our questions. We left without signing anything and Im very confused on what to do next.. This sounds like a fantastic upgrade opportunity for quality Diamond Resort owners. Timeshare & Vacation Rental Resorts | Hyatt Residence Club ALG is one of, if not the largest travel industry wholesalers in the world. A few thoughts: Hyatt has completed its acquisition of Apple Leisure Group, which is Hyatts biggest acquisition yet. owning time share properties is very stressful. Just got back from an unlimited luxury stay at Secrets Maroma (seemed like a good burn of sapphire points, last-min getaway). Are resorts charging owners fees for COVID? Bask Bank Review: My Go-To Savings Account. Well Im not playing along. Plus, your own feed of TPG content. You clearly have never stayed at an AMResort property. According to Hyatt, the company is currently working to determine how the World of Hyatt program and ALGs Unlimited Vacation Club properties can bring added value and unique loyalty benefits to their respective bases. The goal, the statement said, is for the integration to happen in 2022 so World of Hyatt members can start earning and redeeming points at more than 100 new properties through the program. This merger should have just expanded the placed you could go, but instead turned into a money grab from the timeshare crooks. This site does not include all credit card companies or all available credit card offers. I am Diamond member since 2007 and last year even upgraded to a platinum membership status. They bought a whole new business model. Explore Vacation Ownership | Hilton Grand Vacations Find the right card for you. I have acquired a lung disease that prevents me from traveling, they do not care about debilitating health issues. In August 2019, HGV announced it had hired an investment firm to review offers, which meant it was really up for sale. Thanks for the comments - I just went to the "update meeting about the merger" tonight (9/29/22) - .it was just a sales pitch like all of you said below. Hilton Grand Vacations has entered into a definitive agreement to acquire Diamond Resorts International, the largest independent timeshare operator, in a stock-based transaction value of 1.4. We travel to explore new places, eat delicious local foods and explore, all of these are generally harder with all-inclusive properties. But at that point I did not want to pay any more maintenance dues. It is based on a 100,000 dollar a year income. The costs for employing a closing company for holding escrow, performing title search, rewriting the deed, recording the deed and executing resort specific transfer documents. I will say this again, how does this acquisition by Hyatt affect Choice Hotels. I was excited about that concept, though personally I cant say Im excited about the execution here. Now if they just buy Motel1 in Europe (another one Ben will pan) and rebrand it to Canopy they will be set. @ Jason -- "There's nothing cheap about what they sell?" ALG has now been purchased for $2.7 billion in cash from KKR and KSL Capital Partners. The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. So my total to walk away would be $18K. With this deal, more than 110,000 members of ALGs Unlimited Vacation Club will be brought into the Hyatt fold. Its just a marketing ploy. What they are not telling you amidst all those marketing marveling and chanting of how great Hilton is, and how much they did a study looking at all the problems and complaints that diamond owners had worn their vacation packages, is that they are effectively FORCING diamond owners to buy Hilton points and convert over to the new HVG system. Go look at the Zoetry in Isla Mujeres or the one in Riviera Maya and let me know if those are still "cheap" to you. So I decided rather than just giving our HGV property back for $0.00, I would try going through HGV resale. I guess people are ignoring the elephant in the room. When the transition is complete, HGV's management team, headed by CEO Mark Wang, will run the combined company. On March 10 of this year, Apollo agreed to sell Diamond to HGV for $1.4 billion in a non-cash, all-stock transaction that will give Apollo 28 percent of HGV's stock and membership on its board of directors.