Thinking again about purchasing 1M points in fixed weeks and paying to convert and get elite status at an estimated...

Thinking again about purchasing 1M points in fixed weeks and paying to convert and get elite status at an estimated cost of $10K ($8K to HICV and $2K for the units).  Would anyone be interested in investing $1000 upfront + $500 each December per 100K annual points with elite benefits? (25% advanced booking savings before 8 months, unlimited upgrades, signature 9 months out, non-signature 12 months out, unit-specific reservations, free point shield)?  We'll call it fractional elite ownership.  

Assuming it takes a year to complete purchase, you'd pay $1000 now, $500 in December, and get 100K 2016 points in mid-2016.  We'd put together some kind of contract - fractional owners would get no refunds for canceling but could drop out at any time and would have the ability to renew indefinitely.  If I dissolved the program for any reason, then you'd get your $1000 back plus a refund on any unused points.

I'm on the fence with buying up a bunch of units and doing a conversion - having a few people to go in with me would make it a lot easier.  I'd be looking to sell 500K-1000K annual points (if I sold the full 1000K, then I'd just rent additional points for myself at the same $500/100K).

-Scott

I made a call today to do a reservation for williamsburg and the agent told me the new holiday inn club in Arizona...

I made a call today to do a reservation for williamsburg and the agent told me the new holiday inn club in Arizona is open but they are not taking reservations yet. if you haven't see it yet here is the link http://www.ihg.com/holidayinnclubvacations/hotels/us/en/scottsdale/phxcv/hoteldetail it will show by the end of the year.
http://www.ihg.com/holidayinnclubvacations/hotels/us/en/scottsdale/phxcv/hoteldetail

Hey Scott

Hey Scott, 

Just won a bid on ebay for $10 for another 107,000 points.  That will put me at 272,000 all with resales.  I'm wondering if I could buy 30,000 from HICV and get preferred status?  Any thoughts?

Hi Guys!

Hi Guys!  New to the Community.  I have a deeded two bedroom at South Beach which converted to 150,000 points, and I bought 15,000 points at Lake Geneva.  I'm looking at a deed back for a DRI 3br lockoff and to expand my HICV, but was doing so on the idea that I could get Preferred status at 300,000.  Now I'm not sure if this will work.  

Also, I have heard, not sure if its accurate that odd/even count as half points each year.

Finally received a call back from HICV regarding bulk conversion - she quoted $8K for 45K points as a "deal" for...

Finally received a call back from HICV regarding bulk conversion - she quoted $8K for 45K points as a "deal" for existing weeks owners ($180/1K points) compared to retail price of $260/1K points.  However, she said that you can only convert one fixed week you already own through this process per purchase (updated policy within the last couple of years), and then anything else you purchase in the next 60 days.  

If this is the case (can anyone confirm?) seems like the best bet would be to put one fixed week in the name of the main HICV account holder any anything else you want to convert into a family member's name - then you'd have to do deed transfers into your main account after retail purchase.

You' d have to pay an extra set of resort transfer fees, but this seems to be the only way you'd be able to purchase multiple fixed weeks with low maintenance fees on the cheap in a short time and do a single conversion.

-Scott

Was just thinking about the ramifications of not getting status with resale purchases.

Was just thinking about the ramifications of not getting status with resale purchases...you might be better off buying RCI Weeks and doing Points for Deposit to get more points rather than buying units at HICV points resorts, which typically have higher maintenance fees than RCI Weeks...I wasn't interested in going that route before because I wanted status benefits (free upgrades, free reservations, early access to Signature), but it sounds like I need to relook at this.....

Biennial unit update - when I was inquiring about converting fixed weeks, I was informed that odd/even units count...

Biennial unit update - when I was inquiring about converting fixed weeks, I was informed that odd/even units count as half points every year, but that you cannot get Preferred status through resale purchases - you have to make a retail purchase (min $5K typically) to get status

Title

I've created a new spreadsheet to track maintenance reported in Ebay listings vs. HICV points ranges.  The ones in yellow are the non-points resort/unit combos with 4 or more weeks with maintenance under $4.2/1K points.  I'm considering buying 1M points of such units and then paying HICV $7K for a retail unit and bulk conversion to get me 1M points at $4.2K/year in maintenance.  

If you have maintenance for any units missing from the chart (especially ones with 4+ weeks under $4.2/1K points), let me know and I'll update.

-Scott

I'm officially establishing a market for HICV points timeshares (Lake Geneva/Gatlinburg/South Beach resorts)!

I'm officially establishing a market for HICV points timeshares (Lake Geneva/Gatlinburg/South Beach resorts)!

HICV charges $300/1K annual points

I will sell Lake Geneva/Gatlinburg/South Beach timeshares for $20/1K annual points (including closing costs) and I will buy them for $10/1K annual points (including closing costs, assuming maintenance < $6/1K points).  I have 325K annual points currently available for sale!

-Scott

Logged into my account on Friday, and my preferred status was gone :(

Logged into my account on Friday, and my preferred status was gone :(

Called today and found out that biennial units do not count at all towards status :(

They said preferred status for the last 2 weeks was in error.

I'm at 250K annual and 150K odd, so I as hoping for at least status in odd years - should have booked my free reservation and upgrade when I had the chance :(

-Scott

Called HIVC and confirmed that unused points for the current year do not automatically transfer.

Called HIVC and confirmed that unused points for the current year do not automatically transfer.  The owner keeps and can use the points until they expire but can request that they can be transferred to the new owner:

fax 407-239-5119 Attn: Customer Service
email ownersupport@holidayinnclub.com

If they have their Holiday Inn Account#/Contract# they can send that - otherwise they can provide their name, unit, and week.

Hopefully I can get the old owner to do that - they told me how many points were remaining before the sale but said they couldn't guarantee they would transfer and now that the transfer is complete, I have no leverage :(

If they transfer, I wonder if they'll show up on the correct contract or just some random place in the account?  If not on the correct contract (I'm pretty sure that when a transaction had a problem on the website that borrowed points from one contract were returned to the first contract on the account), the I wonder if it's possible to transfer points between members in other circumstances?  If anyone wants to try to transfer 50K points to me, I'd be willing to pay $5/1K. :)

-Scott

Woohoo, 2016 points showed up this afternoon.

Woohoo, 2016 points showed up this afternoon.  Looks like the unused 2015 points that the previous owner said were available did not transfer - maybe because some were already used.  I've had current year points transfer on 1/2 previous annual units, but maybe that's because the whole year's points were still available.  Not sure how that works - maybe I'll call tomorrow and ask.  It's also possible remaining points from the current year just take longer to show up on the account.

-Scott

Final Schedule:

3/31 Paid for timeshare
4/30 Recorded deed mailed to Orange Lake
5/26 Orange Lake notified closing company of contract#
5/27 Contract/Preferred status showing up in account
6/4 New Points showing up in account

Gee only 26 days to record a change of ownership - after receiving all the necessary documentation.

Gee only 26 days to record a change of ownership - after receiving all the necessary documentation. I bought a new week at the desert club and it took them over six weeks to record the change. And I had to call, complain, berate them
online, etc. before I could get any action.

I really don't see why this should take more than a few days.