diamond/Sunterra - is this a good deal

[KGKG Junior Member Find all posts View Profile Close KGKG]

I attended a diamond presentation today in Sedona - after almost walking away, they offered to sell me 2500 points for $8600 (includes membership to The Club and II fees for life - also they offered to convert my 2 timeshares as follows - 2BR Red Week 13 at Indian Peak, Colorado (I paid 2000+ on resale) for 8000 pts, 1BR Westin Club Regina (I paid 2000+ on resale) for 6500 pts = total of 17000 pts for giving up my two weeks - IS THIS A GOOD DEAL? Please help with your suggestions. Are there better clubs to consider, we mostly like flexibility and access to hotels to exchange and not just in the US.

[sb1070 Member Find all posts View Profile Close sb1070]

Unlike Hilton or Marriott you can't really use CLUB points for hotel stays. The price for 2500 points will of course increase, so you have to determine if those weeks are working for you, and if not then converting to CLUB might be the next step.

Hilton Grand Vacation Club has a 1 to 23 conversion so 3,500 HGVC points would be 80,000 Hilton Honor points, but most Hotels are 30,000 a night so the value for Hotels isn't good at all. I would assume others are close

17,000 Diamond points would make you silver elite which has a few extra perks; I paid $6,400 for 4000 points in April 2007 at Williamsburg, VA. In November 2007 I was offered 2000 points for $5,000 in Orlando so you need to determine if this is good move for you.

Scott

[Spence Super Moderator Find all posts View Profile Close Spence]

I attended a diamond presentation today in Sedona - after almost walking away, they offered to sell me 2500 points for $8600 (includes membership to The Club and II fees for life - also they offered to convert my 2 timeshares as follows - 2BR Red Week 13 at Indian Peak, Colorado (I paid 2000+ on resale) for 8000 pts, 1BR Westin Club Regina (I paid 2000+ on resale) for 6500 pts = total of 17000 pts for giving up my two weeks - IS THIS A GOOD DEAL? Please help with your suggestions. Are there better clubs to consider, we mostly like flexibility and access to hotels to exchange and not just in the US.

Unlike Hilton or Marriott you can't really use CLUB points for hotel stays. The price for 2500 points will of course increase, so you have to determine if those weeks are working for you, and if not then converting to CLUB might be the next step.

Hilton Grand Vacation Club has a 1 to 23 conversion so 3,500 HGVC points would be 80,000 Hilton Honor points, but most Hotels are 30,000 a night so the value for Hotels isn't good at all. I would assume others are close

17,000 Diamond points would make you silver elite which has a few extra perks; I paid $6,400 for 4000 points in April 2007 at Williamsburg, VA. In November 2007 I was offered 2000 points for $5,000 in Orlando so you need to determine if this is good move for you.

Scott

2500 points for $8600 is high. They are offering you Club Select where you can convert your weeks on an annual basis if you want to and they want to. You would need a guarantee in your contract saying they would always take your weeks every year. I don't know but you'd need it in your contract that you'd get the Silver Elite that post#2 alludes too. I'm not sure the Clib Select arrangement gets you elite like a FF/PIC gets VIP.

[KGKG Junior Member Find all posts View Profile Close KGKG]

Whatever is paid for Diamond points is lost forever

The problem with trying to get 8600 down to even 5000 is that this money is lost forever. If and when I will ever want to resell, I will get NOTHING for it, until that changes, programs like Hilton with ROFR have a better appeal.

[sb1070 Member Find all posts View Profile Close sb1070]

The problem with trying to get 8600 down to even 5000 is that this money is lost forever. If and when I will ever want to resell, I will get NOTHING for it, until that changes, programs like Hilton with ROFR have a better appeal.

I am a member of HGVC and ROFR is not widely exercised, and typically only used when you are upgrading to apply to the cost of the new purchase so they don't have to give back actual money.

HGVC is also not very diverse and they will FEE you to death.


Scott

[Spence Super Moderator Find all posts View Profile Close Spence]

The problem with trying to get 8600 down to even 5000 is that this money is lost forever. If and when I will ever want to resell, I will get NOTHING for it, until that changes, programs like Hilton with ROFR have a better appeal.

You have no idea of what you are talking about, no concept of the value of the system.

[richardr Member Find all posts View Profile Close richardr]

2500 for $8600 is very high.

To me it seems to be just a sale of a 2500 point contract with them dressing it up with the extra points you get only if you annually put your other weeks into Club Select. You will still have the deeds for your other weeks.

Its a retail sale.

You would get a better deal if you had resale Florida/U.S. Trust Collection point contracts or weeks from the resorts in the Florida/U.S. Trust Collection or Polo Towers to convert & join The Club.

We have found The Club point system to be great value on an annual usage basis. Our only regret is that we bought initially at retail from the Developer.