Monday, August 15, 2016
Twenty hotels operated by privately-held HEI Hotels & Resorts were hit by a data breach earlier this year, possibly exposing guests’ credit card data. HEI reported on Sunday that tens of thousands of transactions at Starwood, Marriott, Hyatt, and IHG properties could have been exposed to malware found on HEI’s systems. [Read more…]
Friday, December 19, 2014
Hyatt Vacation Ownership has opened the doors to its newest timeshare, the Hyatt Ka’anapali Beach. Hyatt Vacation Ownership (HVO), owned and operated by Interval Leisure Group (ILG), is one of the industry’s most popular vacation ownership companies. With the addition of this Maui resort, the brand now offers more variety than ever.
Although the Hyatt Ka’anapali Beach is HVO’s first timeshare resort in Hawaii, it joins 15 others within the Hyatt timeshare network. Located along the coast of Maui, the resort actually shares 40 acres and 1,800 feet of beach with the Hyatt Regency Maui Resort & Spa. The close proximity to this established Hyatt resort provides guests with the opportunity to experience all the amenities of both resorts. [Read more…]
Friday, May 9, 2014
Interval Leisure Group (ILG), owner of Interval International, has acquired the popular timeshare company Hyatt Residential Group. ILG announced that they have purchased the rights to the timeshare resort group from Hyatt Corporation for $190 million.
In addition, ILG will also take over their latest project, a joint venture 131-unit timeshare resort in Maui. However, ILG will refund Hyatt $35 million for their efforts on this resort. The resort is currently in development.
Currently, the Hyatt Residential Group consists of 16 resorts across the US and Puerto Rico. Hyatt’s top timeshare destinations include Arizona, Hawaii, Florida, and California. The group also owns the Hyatt Residence Club, a timeshare exchange program for Hyatt owners. Currently the residence club has approximately 30,000 members.
Chairman, president, and CEO of Interval Leisure Group, Craig M. Nash shared,
“This agreement is the result of a 20-year, multi-faceted relationship with Hyatt, one of the world’s premier global hospitality companies and brands, and we are excited to augment this relationship with the purchase of Hyatt Residential Group. We intend to invest in and grow the Hyatt Residential Group business through enhanced marketing efforts, expanding some existing projects, and executing on opportunities to broaden the group’s footprint. We look forward to continuing to provide the exceptional service and vacation experiences to which Hyatt Residence Club owners are accustomed.”
Current Hyatt timeshare members will retain all their rights as an owner. They will keep all travel privileges including Hyatt Gold Passport benefits. In addition, all Hyatt timeshare resorts will keep the Hyatt name. Hyatt will also continue to receive a portion of the annual maintenance fees for licensing. Members will also still have the option to travel and exchange with Interval International.
There is also no need to worry about changes from the new management team. Existing Hyatt Residential Group management and staff will now operate under ILG.
Nash continued, “The ILG portfolio includes companies with long and successful track records of leadership in the vacation industry and this acquisition immediately expands our timeshare resort management and exchange business. Importantly, this transaction also adds a new platform for growth with the inclusion of a vacation ownership sales and marketing infrastructure, and further advances our strategy of increasing our recurring fee-for-service revenue.”
The deal is expected to be finalized in the fourth quarter of 2014. Hyatt is excited to use this merger as a way to increase benefits to its owners and all Hyatt travelers.
Global head of real estate and capital strategy at Hyatt, Steve Haggerty said,
“This transaction allows Hyatt to accomplish two important goals: First, we are realizing significant value from this business from the sale, the recurring license fees and ILG’s focus on creating new travel opportunities under the Hyatt Residence Club brand. Second, because we will be maintaining our presence in the vacation ownership segment by working with one of the most respected companies in the space, Hyatt can focus on driving preference for its hotel brands and increasing its brand presence in key locations and strategically important markets. We believe ILG’s leadership and focus on the vacation ownership industry will bring new value to the Hyatt Residence Club brand, owners, and associates.”
Sunday, September 30, 2012
Puerto Rico is one of the most dramatically beautiful islands in the Caribbean, yet sometimes vacationers overlook the opportunities of a Puerto Rico timeshare getaway. Why not turn someone else’s oversight into an outstanding vacation value at the Hacienda del Mar Hyatt Timeshare? This Atlantic Ocean front resort is situated on the north shore of Puerto Rico, in the peaceful city of Dorado, with access to a private section of Puerto Rico’s famous Dorado Beach.
Long before explorers discovered what it now the United States, Spanish conquistadores were building fortresses in Puerto Rico to protect Spain’s interest in the New World. Vacation in a Puerto Rico timeshare and you can explore old San Juan, a city rich innatural beauty, cultural charm, and historic legacy.
And when you are finished exploring ancient fortresses and are ready to trade sightseeing for a siesta by the pool, the Hyatt Vacation Club Hacienda del Mar, affords you a peaceful escape. With studio, one- and two-bedroom timeshare units, you’ll find both ocean views and garden views from private balconies or patios.
Many of the Hyatt Hacienda del Mar timeshare units include a fully equipped kitchen or kitchenette, a whirlpool bath in the master bedroom, and televisions with a DVD/VCR. On-property, you can enjoy Olympic pools, a swim-up bar, and multiple waterfalls.
Nearby, are four 18-hole golf courses, each a Robert Trent Jones design. There are also plenty of opportunities for tennis, water sports including windsurfing, jet skiing, snorkeling, fishing, and kayaking.
Yes, you could be paying more and staying in far less spacious accommodations, but why would you when the Hacienda del Mar Hyatt Timeshare has so much to offer.
