You may read the transcript of Hyatt timeshares retail vs resale – What you don’t get when you purchase a Hyatt timeshare resale or view the video following the transcript.
Aloha, my name is Syed Sarmad and I am the Principal Broker for Advantage Vacation.
We are a licensed real estate company in Maui specializing in the resales of name brand timeshares nationwide, which include Hyatt, Westin, Marriott, Hilton, and Disney. We have been in business for over 25 years. Our office is located at the Lahaina Cannery Mall, in Lahaina, Maui.
I am often asked what the difference is between buying a Hyatt Kaaanapali timeshare resale versus buying directly from the developer.
Why is the price so much less on the resale market? What is the catch?
Here is the summary of the benefits you get when purchasing a Hyatt Kaanapali timeshare from the developer:
- At the Hyatt Kaanapali
- Your week of ownership is for a specific week
- Your week is fixed
- The unit is not fixed
- Your ownership is in a 1 , 2 or a 3 bedroom unit
- The 2 and 3 bedroom units are all ocean view
- The 1 bedrooms come in ocean view and mountainview
- There are three floor categories – lower, middle and upper
- You will get a deed to a specific unit number in the floor level you have purchased.
- For example if you purchase in a 2 bedroom ocean view, mid floor level and the unit number you are deeded into is on the 5th floor – then you will be in a 2 bedroom on any floor 5 through 8.
- Each week and unit has a Hyatt Vacation Club point value associated with it. If you elect not to use your week, you can utilize the vacation club points at any Hyatt Vacation Club resort (including your own) in any size unit and for as many days as you wish, depending upon the points in your account and reservation availability within the time frames and rules set forth by Hyatt.
- You can borrow your vacation club points with Hyatt
- You get a membership to Interval International, which you can utilize for external exchanges into over 2,500 resorts worldwide
- You can convert into Hyatt Gold Passport points to stay in Hyatt hotels, car rentals, and airline tickets etc.
When you purchase a Hyatt timeshare resale you get all the same benefits except for the option to convert your timeshare week into Hyatt Gold Passport points.
In other words, you get all the timeshare benefits. You just can’t convert your week into hotel points.
You have the same use rights and benefits at the resort. For example: This incudes complimentary valet parking, use of the business center, and other amenities at the property.
Most savvy timeshare owners believe the conversion of the timeshare week into hotel points is a poor way to utilize the timeshare. When you look at the annual maintenance fees and the number of nights one can get if the y converted their week into hotel points, the conversion does not make financial sense
In conclusion, if the conversion into Hyatt Gold Passport point is of significant value to you, then purchasing directly from the developer is your only option.
A timeshare is not a financial investment. Why should one even consider owning a timeshare? Its value is in using it and going on vacations and should save you money on your future vacations.
When you purchase a timeshare- that money is now tied up in an ownership deed and you have yearly maintenance fees. If the rental value of the timeshare unit you are considering purchasing is greater than the annual maintenance expenses (providing you savings in future vacations), it would make sense to look into a timeshare resale.
I hope this information has been useful, Mahalo!
Syed Sarmad, Principal Broker for Advantage Vacation