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ask-redweek-hilton-buys-diamond-resorts (by James W.):
Had my owner's update in Feb 22. I'm a gold member in diamond. At the update I was told that I only had 3 choices with the merger. #1, continue as is, but diamond would increase my maintenance fees by $800 per year going forward starting in 2024. #2, request a transition out of ownership, but my cost would be 2 years of maintenance fee ($13K), plus $1K for every contract where we bought extra points (5). So my total to walk away would be $18K. Option 3, was buy an extra 4500 points for $20K to be grandfathered into the unknown HGV plan. The so called plus for option 3 was, if we called into a special diamond department during a specified window of time and booked 20K of our 30K points at a non-diamond resort, then diamond would apply a credit of $6500 towards our maintenance fees. Our current maintenance fees for the gold level our $6500. So option 3 was the only viable option at the time for me. I feel like I was sucker punched during my owner's update. 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 $$$??? I spoke to my buddy tonight and he owns a Wyndham timeshare. He's at their Silver level and his maintenance fees are $2300. Why are diamond fees more than double that? In the near future, I'm guessing that HGV will only drag us diamond owners thru the mud a few more times before it's all said and done!!!