Lasting vacation memories. Im sad to say that we feel betrayed by Diamond Resorts and Hilton. Think of it this way, before yesterday Hyatt had 100 less properties than they do today. I'm not overly excited about this news but there are probably some interesting hotels hidden in the portfolio in Spain that might come in useful. And now HGV has made the biggest adjustment of all, buying Diamond, the largest independent timeshare company, to its portfolio. 1. What do you make of Hyatts acquisition of Apple Leisure Group? Brand dilution. We are going to wait to the beginning of the year and see what they do. I am not going to sign up. Not an easy task. The $4.7 billion acquisition of ILG's shares, due to close by the end of the year, adds 250,000 more owners to the Marriott network as it assimilates the owners, assets, and 40 resorts held by the Westin, Sheraton, and Hyatt timeshare chains, Interval's vast exchange network, the VRI management company, the Aston hotel chain (primarily in Then if this is the case $138.46 all the way to $1894.12 shows a huge issue. See more about our ethics policies here. All-Inclusive is meh, but these are not luxury hotels. 1) This seems like a macro call on growth of leisure travel, especially relative to business travel. Diamond Owners need to get together. All they want is money. What is this transition going to mean for me in regards to my annual maintenance taxes and banked weeks. How will Hilton buying Diamond affect owners of both clubs? 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). Otherwise i will not have access to Hilton properties and some Diamond properties that do not meet Hilton standards will be closed. Whopping changes are ahead for members of both clubs, but none will surface until after the deal is closed, and approved by regulators, this summer. According to Diamond CEO Mike Flaskey, HGV will also incorporate Diamond's "events and concerts platform" to deliver expanded vacation opportunities to owners. Explore Vacation Ownership | Hilton Grand Vacations During the trip following, my husband decided to attend another of their "meetings" and they explained that we needed to put in another $10K to ultimately save on maintenance fees. Nothing good will come from it for those of us that own with paid off memberships. Great for short trips with affordable pricing in great central locations. Outside of banner ads published through the Boarding Area network, this compensation does not impact how and where products appear on this site. 5302. Let's band together you cannot operate as a company like this and defraud people. I've been to Dreams for a friends wedding. ALG also has over a dozen subsidiaries, including Apple Vacations, CheapCaribbean.com, Southwest Vacations, United Vacations, Unlimited Vacation Club, and more. The acquisition comprises 33,000 hotel rooms in 10 countries, making Hyatt the worlds largest operator of luxury all-inclusive resorts based on room count and the largest operator of luxury hotels in Mexico and the Caribbean. As Diamond owner, we were told today if we do not spend about $20,000 to move to Hilton we could loose most resorts be were promised when buying! 3) Folks like Ben should just focus more on cash bookings at high end, independent and 3) Folks like Ben should just focus more on cash bookings at high end, independent and boutique hotels. We were encouraged to attend a presentation and I was interested in hearing about the acquisition, being Diamond owners. While I love traveling to Europe and get very excited when Hyatt adds hotels in Italy or France, getting a long list of high quality all inclusive resorts available for points would get most Hyatt members excited. All prices in U.S. dollars unless otherwise stated. It was recently announced that Hilton Grand Vacations has purchased Diamond Resorts. What's the big picture impact of this transaction and, more importantly, what does it mean for owners of both timeshare companies? Begin typing your search above and press return to search. Hyatt spent $2.7 billion acquiring Apple Leisure Group, and it's nice to see the group's 100+ all-inclusive properties increasingly being added to the World of Hyatt portfolio. What this means for current DRI i.e. This is a very unfair deal and we were all kept in the dark by Diamond resorts and now Hilton's grand scam is being unveiled. ALG has resorts listed in Article secrets, dreams, breathless and more with partners. 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. Very diverse crowd at Secrets - all-inclusive and people inclusive resort. As long as they think Hyatt can afford it, Hyatt can. Another 24 properties are in the pipeline. It'll all become second nature when you make your second home among our collection of family-friendly Hawaii timeshare resorts located along the golden sands of Waikiki Beach, majestic mountain valleys of . Hyatt has been a travel agent friendly brand and now they just bought access to all those travel agents selling leisure travel through ALG. For Diamond owners, that should be an upgrade, according to the industry experts who talked to us about Hilton's buyout of Diamond. Had my owner's update in Feb 22. We're very unhappy and want out. We expect Hyatt to reach 80% fee-based earnings by the end of 2024, said Hoplamazian. The sales presentation was very misleading, and of course a hard sale, that we almost went with. to all of you! They are pressuring us to buy as well and Im refusing. According to Hyatt, the deal, on which Goldman Sachs served as . I would advise everyone to seek counsel and start a lawsuit. 2) I am not a big fan of all inclusive either, but it is a big segment. 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. 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. your thoughts? It was the worst hotel I've stayed at in 10 years. All-inclusive resorts you can book with points - The Points Guy