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What will Hyatt do with the non-property assets. For an explanation of our Advertising Policy, visit. We had the displeasure of attending our owners update yesterday here at Polo Towers so we could learn all the wonderful benefits of the Hilton merger. Maintenance should also be lowered because the community of properties are a smaller selection. I tried to go through a timeshare selling company which I paid Money for. Even after upgrading less than a year ago. HGVC and Diamond owners alike should push back hard on this. Tell them what you think!!!!! Hyatt senior vice president of loyalty, brand marketing and consumer insights Amy Weinberg told TPG: Hyatt, in a press release announcing the news, said, Whether youre planning a rejuvenating wellness break, time to relax for two, some quality family time or the ultimate destination wedding, the planned addition of these new resorts to Hyatts existing collection of 1,000+ hotels will give you even more memory-making options., Related: A complete guide to Hyatt Hotels. I was forced to go to Las Vegas (or else I would have to pay for the room which is 1000 dollars. Hyatt adds that it is determining ways in which the World of Hyatt loyalty program and ALGs Unlimited Vacation Club can bring added value and unique loyalty benefits to their respective member bases when integrates the AMR Collection into World of Hyatt in 2022. Yep, they first offered me 4500 points and a cost of $16,000, then 2000 points for a cost of $8,300. The $2.7 billion cash deal is expected to close in the fourth quarter of this year. And they are still trying to sell new membership when the sales staff clearly have no clue what is happening! "As Diamond properties are rebranded under the HGV umbrella, they will be available for rental on Hilton.com.". Increase in Brand value and footprint, yes! I don't care for all-inclusive properties, so I won't be interested in most of these properties. Being denied the right of use in any contract is a breach of the original contract . They are far more knowledgeable than armchair commenters and travel bloggers who believe they know better how to run a Hotel group. Funny to see various posts and comments in the travel blog sphere criticizing Hyatt acquisition. I hope you can provide me with some comments. Option 3, was buy an extra 4500 points for $20K to be grandfathered into the unknown HGV plan. I have kids, I'm a globalist, and we love all-inclusives in the Caribbean, so this is an ideal acquisition for customers like me. How is going to effect me? Their footprint in Europe is still minuscule. He and Gary L should pair up. @khatl: In Mexico/Caribbean, they are the following brands: -Zoetry: luxury that kids can stay at but targeted to adults-only -Secrets: luxury adult-only romantic -Breathless: luxury adult-only social -Dreams: upscale family-friendly -Sunscape: budget family-friendly. See more about our ethics policies here. Apple leisure is a tour company with hotels not the other way around. I am a Diamond silver owner and I just went through a Hilton Update presentation. Presentations will tell members that they have to buy in to use the Hilton properties and benefits and at huge prices. It is a HUGE step for Hyatt because many of these properties are all inclusive resorts at great locations. Otherwise i will not have access to Hilton properties and some Diamond properties that do not meet Hilton standards will be closed. Now my question is, how long will it take HGV to throw the BS diamond told me out the back door, then try to force me to spend more $$$??? Aug 15 (Reuters) - U.S. hotel operator Hyatt Hotels Corp (H.N) said on Sunday it entered a deal to buy resort company Apple Leisure Group from its private-equity owner KKR & Co (KKR.N) and travel-and-leisure specialist KSL Capital Partners for $2.7 billion in cash. 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. While we do try to list all the best miles and points deals, the site does not include all card companies or credit card offers available in the marketplace. Bottom line. Would have loved for them to buy Excellence, its the only all-inclusive i will ever consider. The 50 most popular World of Hyatt redemptions, Do Not Sell or Share My Personal Information. Recently was told that Diamond properties would be refurbished by Hilton. It is such a convoluted mess. Previously, there were only a few upscale/luxury all-inclusives you could use Hyatt points at. Hyatt Hotels has completed its previously announced deal to acquire leading luxury resort-management services, travel, and hospitality group Apple Leisure Group (ALG), which will notably enable the hotel company to double its global resorts footprint through the addition of ALGs AMR Collection brand portfolio, comprising approximately 100 hotels and resorts operating in 10 countries. The long-term success of the acquisition, analysts told us, will depend on HGV's plan to integrate Diamond's mid-level resorts into HGV's high-level resort portfolio while upgrading the overall customer experience of Diamond owners into HGV's culture. How can the owners unite and take the power back over from them and get the maintenance fee to where it needs to be? Begin typing your search above and press return to search. Love Hyatt, but had high hopes for a different acquisition. This is a big letdown because the one thing I don't like about Hyatt is its small footprint. As long as they think Hyatt can afford it, Hyatt can. The prices are high-end, too; at Zoetry boutique properties, the average daily rate (ADR) is $400 a night. Makes Hyatt feel less desirable to me. The deal will quintuple the number of Hyatt-owned resort properties in Mexico from nine to 46, and greatly expand the companys footprint in the Caribbean from five properties to 27. I have kids, I'm a globalist, and we love all-inclusives in the Caribbean, so this is an ideal acquisition for customers like me. Full disclosure: the author of this Ask RedWeek is a longtime owner at Diamond Resorts. To book stays at non-HGV resorts and Diamond inventory, HGV owners will need to go through an exchange company probably RCI or Interval International to secure a reservation. SOLD OUT. I hope i have a chance bases on the fact that I do not fit the creteria. Honest question -- how much cheaper can all-inclusives get? Currently, Choice Hotel points can be used to book this very same properties, usually ranging between 40k and 60k hotel points. The answer was yes, you no longer can bank with interval (even if you have a membership on your own with interval international, Hilton only uses RCI) and you have to use Diamond's crappy Destination Flex program (which I never use because it is not user friendly). Really opened my eyes into this segment of resorts (aside from The Excellence, Just got back from an unlimited luxury stay at Secrets Maroma (seemed like a good burn of sapphire points, last-min getaway). In 2009, 63% of Hyatts earnings came from owned and leased properties, with fee-based earnings making up the remaining 37%. They tell me I must decide by December 6th but cannot reach a dang soul. Bens generally biased against all-inclusive (which is a great option for aspirational middle class consumers, in particular.) This will be complicated! We have updated all of the points charts on our website to reflect the new point values. But. The Blue Diamond properties set to convert to the Autograph Collection portfolio include the Royalton Riviera Cancun Resort & Spa, Hideaway at Royalton Riviera Cancun , Planet Hollywood Beach. Looking forward to seeing what Hyatt does here. On the surface they say, oh we let you guys have a grandfather clause and if you want to remain in diamond, you can BUT, the caveat is, they are going to strip all the diamond resorts locations except for about 16 that are in the trust OUT of your diamond resorts system with the proclamation that even those resorts are subject to change at any time thusfor diamond owners who already spent thousands and thousands to own and are comfortable with the system and properties they have access to, must either spend a minimum of between 20 and 40 thousand dollars to purchase the minimum point allocation of 4500 points to convert their diamond ownership to hiltons HVG brand, or have their diamond ownership devalued down to 16 resorts, most of them the crappiest in the diamond portfolio save 4 or 5. @ Christian -- Did they, that's interesting, as I don't think I've heard that before? 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. Diamond Owners need to get together. Hyatt has completed its acquisition of Apple Leisure Group (ALG), which is a resort-management services, travel, and hospitality group. Hyatt Buys Apple Leisure Group, 100+ Hotels, Hyatt buying Apple Leisure Group for $2.7 billion, How Hyatt explains Apple Leisure Group acquisition, resorts will be integrated into World of Hyatt in 2022, Hyatt was looking to acquire a hotel brand, Thompson Central Park New York Launches Upper Stories Concept, Hyatt Sells Alila Ventana Big Sur For $150 Million, Please view our advertising policy page for additional details about our partners, An expanded footprint in luxury and resort travel this acquisition is expanding Hyatts presence in luxury leisure travel, as it will double the number of resorts Hyatt manages, and will allow Hyatt to offer the largest portfolio of luxury all-inclusive resorts in the world, Major expansion in Europe this will grow Hyatts European footprint by 60%, and will allow the Hyatt brand to enter 11 new European markets, An expanded platform for growth ALGs developer and owner base will expand Hyatts relationships with committed partners in key complementary geographies, Hotel owners will benefit owners of Apple Leisure Group resorts will have access to a much broader collection of brands (in other words, we could see some of these hotels rebranded under one of Hyatts existing brands), along with the backing of Hyatts global distribution, sales, and marketing, More options for World of Hyatt members its expected that these, This will expand Hyatts end-to-end leisure travel offerings ALG Vacations is one of the largest package tour providers and leisure travel distribution platforms in North America, so Hyatt could get more into the package holiday business, This allows Hyatt to grow its asset-light strategy ALG is asset-light, and with Hyatt continuing to sell real estate assets, the company hopes to increase the percent of revenue generated from fees, This reflects that Hyatt is looking to grow in the leisure market, which is logical at this point, given that its anyones guess when business travel will get back to 2019 levels, This is a huge purchase Hyatts market cap is $7.3 billion, and this is a $2.7 billion acquisition, so proportionally this is almost like when Marriott purchased Starwood, The heavy focus on all-inclusives is going to be polarizing some people love all-inclusives (especially those with families and those who like hanging out at resorts), while others dont enjoy this type of vacation, I think it might be a stretch to suggest that all/most of these properties are luxury resorts, as Id say most of these properties are more mid-range, Assuming theres not a major rebranding of existing resorts, Hyatt is getting worse than Marriott here in terms of the number of hotel brands it will have, Browsing Apple Leisure Groups portfolio, theres not a single hotel that jumps out and me and makes me say I cant wait to stay/redeem points here! (which isnt to say I wont stay at one, but its not like when Hyatt acquired Two Roads Hospitality, and I suddenly saw a dozen hotels I desperately wanted to stay at), I really wish Hyatts acquisitions were a bit more strategically focused for consumers in terms of growing on its core value proposition; while Im not a huge IHG fan, I love how IHG wanted to grow in the luxury space, and then acquired Kimpton, Regent, and Six Senses, all of which are great brands (gosh, I would have loved if Hyatt acquired Six Senses instead! I believe Hilton has screwed all of its current club members!!! It is based on double occupancy. Loyalty programs arent going to be narrowly tailored to peoples tastes. Please view our advertising policy page for more information. 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. Find your perfect Southwestern escape at Scottsdale Villa Mirage, comfortably set in the scenic Arizona landscape and distinctively decorated with traditional desert charm.