posted 04-06-2005 15:19               

LV Hilton 1bd Platinum 4800 $435.00
Bay Club 1bd Platinum 4800 $700.00

posted 04-06-2005 16:52               

Example, HGVC club fee and property taxes are included in the amount I am posting. If you have more than one property, you only have to pay the club fee once.

Orlando Seaworld 2 bd Platinum 698.89

Real estate tax was 117.95
Operating fee was 420.02
Reserve fund was 72.92
HGVC club dues were 85.00

Here are the fees for previous years 2002 was 646.37, 2203 was 661.75, and 2004 was 683.02. I included these so that you could get an idea of the yearly increases.

posted 04-07-2005 05:16               

Note, this figure is for 2004. Don't know what 2005 will be.. I have only paid first bill submitted in December 04.. second bill is due in July 05 (Valdoro bills owners maintenance fees twice a year)

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"Life is not measured by the number of breaths we take but by the places and moments that take our breath away."

posted 04-07-2005 05:56               

quote:

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Originally posted by GeorgeJ:
Why not just list the total fee and let the $85 Club fee be deducted from the total when comparing them? And why deduct it from the total anyway? Unless you're buying multiple units, you're going to be paying it...

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Thats fine , just let me know if it includes the fee or not..

Rick.. ummm.. credit card statement? Possibly the website?

posted 04-10-2005 09:01               

quote:

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Originally posted by calihockey33:
I wanted to put together a list of Maint fees for all the HGVC properties, HGVC Built and Affiliates. I think this will help new buyers when deciding between two properties with similar point totals. Do not include the $85 HGVC membership fee.

LV Hilton 1bd Platinum 4800 $435.00
Bay Club 1bd Platinum 4800 $700.00

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HGVC Flamingo 2-br Gold 5000 points - $681.79 WITH Club fee

That's a huge difference between 4800 points at LV Hilton and 5000 at Flamingo - over $150 a year. I don't think that the taxes should be any higher at Flamingo, even if it is behind the strip, since the units sold for higher prices at LV Hilton..The property taxes are around $50 per year at Flamingo.

Guess it would pay to buy a 1-br Platinum resale rather than 2-br Gold..

posted 04-10-2005 20:40               

quote:

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Originally posted by calihockey33:
I'm not sure why the MF's at LV Hilton are so much cheaper for a 1bd, The 1bd at Flamingo is around $535 + $85

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I wonder if it has to do with being able to use the Flamingo's pools? perhaps there is a fee involved there that allows HGVC Flamingo owners to have usage of the pools at the Flamingo. Sort of a rental type agreement that the HGVC Hilton owners don't have to pay?

Didn't they recently remodel the HGVC Flamingo? Perhaps the cost of the remodel had an effect of MF's there.

posted 04-10-2005 21:06               

quote:

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Originally posted by dougp26364:
I wonder if it has to do with being able to use the Flamingo's pools? perhaps there is a fee involved there that allows HGVC Flamingo owners to have usage of the pools at the Flamingo. Sort of a rental type agreement that the HGVC Hilton owners don't have to pay?

Didn't they recently remodel the HGVC Flamingo? Perhaps the cost of the remodel had an effect of MF's there.

At any rate I don't know why there's a difference. Just tossing out ideas.

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That may make sense, but I don't know.

But I did go to the owners breakfast the day after Christmas and the manager was talking about the upcoming renovations that will occur at the Flamingo. She was mentiong carpeting and some other major cost items, but I don't remember what they were. I know someone asked about dvd players and wifi and she said dvd players had to wait because of the needed renovations. She also said that because of the closeness of the property to the mononrail they were having trouble with a wi fi installation. Something to do with the monorail and the footprint of the Flamingo hotel and not overlapping etc.

Rick

posted 04-11-2005 08:34            

quote:

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Originally posted by dougp26364:
I wonder if it has to do with being able to use the Flamingo's pools? perhaps there is a fee involved there that allows HGVC Flamingo owners to have usage of the pools at the Flamingo. Sort of a rental type agreement that the HGVC Hilton owners don't have to pay?

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This is one plausible explanation. I'll have to go dig up my old m/f budgets and look at the line items to compare. I wonder if the Las Vegas Hilton property has a developer subsidy on the m/fs?

quote:

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Didn't they recently remodel the HGVC Flamingo? Perhaps the cost of the remodel had an effect of MF's there.

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Based on my recollection the Flamingo m/fs have increased at roughly the same rate each year since 2000. The HOA seem to budget well for remodeling and repairs; the lobby, downstairs lounges, other common areas and all the units underwent a full refurbishment a couple of years ago (though I don't believe I recall new carpets) and no extra fees or assessments were charged.

posted 04-11-2005 10:03               

From reading these forums, the only time I've seen mention of a SA at a Hilton property was after 4 hurricanes blasted FL. Even then it was a small SA.

posted 04-11-2005 10:29               

quote:

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Originally posted by dougp26364:
So perhaps the difference is that the Flamingo is the oldest of the 3 in Vegas and has a few more upkeep issues or issues that will need to be adressed sooner rather than later.

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posted 04-11-2005 11:51               

quote:

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Originally posted by Pronkster:
Since points are points, why not buy where the MF's are the lowest.

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Excellent POINT's!

Rick

posted 04-11-2005 12:08               

quote:

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Originally posted by sbrunnert:
We were discussing in another thread to buy only the platinum weeks. The reason for that is that Hilton sets the MF based on the size of the units and not the season. The MF's posted here emphasize that point and you can see that a 4800 point 1 bedroom in Las Vegas is $150 a year cheaper than a 5000 point 2 bedroom.

Seth mentioned that HGVC is actively using their ROFR on the platinum weeks and not the other seasons so much so that a 5000 point week can be bought for alot cheaper price than a 4800 point week.

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Thanks, SBrunnert, your explanation just made everything much clearer. I had been following that other thread but didn't quite get why it would be more advantageous to buy a platinum (since they were higher priced and HGVC was actively using ROFR) but now I see it's because you end up with basically the same number of points and a lower MF, correct? Any other obvious advantages that I'm missing?

posted 04-11-2005 12:48               

You have to look at upfront costs. If the Gold 5000 is $7000 and the 4800 is $8000. That'll pay for 10 years worth of extra maint fees. Thats a long payback. Also, you need to realize you are getting 200 points less. If you wanted a Gold week in a 2bd every year, you'll be 200 points short with the Platinum week.
IMO the 7000 point package is the best bang for the buck, but you are looking at $12K.

posted 04-11-2005 16:25               

Bay Club 2BR B (smaller of the floorplans) $819.91
Bay Club 2BR A (larger of the floorplans) $866.74
Seaworld 2BR Phase II $531.86, Taxes estimated at $160.

All 3 of these units yeild 7000 points.

posted 04-11-2005 19:20            

Flamingo 2BR (3500, 5000 or 7000 points): Operating Fee 475.88 + capital reserve 79.55 + painting reserve 1.22 + real estate taxes 40.14 = 596.79

There is no reference to fee for use of Flamingo pools in the expense line items. (The timeshare's pool & spa comes to $1.67 per unit/week). There is an item called "Rent for Recreational and Other Commonly Used Facilities" but that has zero dollars on the line.

posted 04-11-2005 21:40               

Nothing on my bill about Developer subsidy, but I wouldn't think something like that would be listed?

btw.. just checked 04 and the total was $418.96

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Grand Pacific Resorts Owners Group
Private Group for Grand Pacific Resorts Owners

posted 04-16-2005 16:13               

quote:

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Originally posted by ricoba:
That may make sense, but I don't know.

But I did go to the owners breakfast the day after Christmas and the manager was talking about the upcoming renovations that will occur at the Flamingo. She was mentiong carpeting and some other major cost items, but I don't remember what they were. I know someone asked about dvd players and wifi and she said dvd players had to wait because of the needed renovations. She also said that because of the closeness of the property to the mononrail they were having trouble with a wi fi installation. Something to do with the monorail and the footprint of the Flamingo hotel and not overlapping etc.

Rick

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