Hilton Lagoon experience report

One of our staff members stayed at an oceanfront timeshare unit in the Hilton Lagoon Tower this month. Here is a brief experience report you may find useful. The first impression we had was that it was really spacious! Perhaps a little outdated but Hilton Grand Vacation takes very good care of their timeshare units. Sofas are clean and comfortable. Lighting is very relaxing too. Plenty of space for little ones to run around and enjoy a family vacation. The kitchen is great for occasional cooking. Perhaps not every night as you also would…continue reading →
Marriott to acquire Starwood

Marriott to acquire Starwood

Last week Marriott announced their purchase of Starwood at a cost of $12.2 billion. The deal is expected to close in mid 2016. If this transaction closes, Marriot will become the world's largest hotel company owning 27% of all hotels on the globe. Marriott would be the only hotel company to have more than 1 million rooms, ahead of Hilton. The Marriott group would own a total of 14,572 units - 11,641 hotel units and 2,931 timeshare units. On a side note, when Blackstone acquired Hilton they had a 26 billion dollar deal. This…continue reading →
Four reasons to buy a Kingsland timeshare

Four reasons to buy a Kingsland timeshare

Four reasons why many timeshare owners buy a unit in Kings Land on Oahu, Hawaii. 1. Wanted to buy more than 9,000 points 2. Maintenance fee for Las Vegas units are very affordable but units only carry 7,000 points. 3. The purchase fee of Kings Land is so much lower than Grand Waikikian 4. Those who buy Kings Land do not make use of home week reservations, they make club season reservations so there is no need to purchase a Waikiki based timeshare unit. In addition, when you are in need of a…continue reading →
The pros of timeshares in Hawaii

The pros of timeshares in Hawaii

Ocean Wind Realty specializes in timeshare resales in Hawaii and we are here to help you find the right timeshare for you. But before purchasing a timeshare, it is important to understand the pros of having a timeshares. So why is timeshare so great? Here's why. 1. Having a timeshare means you have a second home at a fraction of the cost of buying an entire house or a condo. You also do not need to worry about maintaining you house/condo as your resort company will take care of that (with your annual…continue reading →
Hilton timeshare guide: seasons, points etc

Hilton timeshare guide: seasons, points etc

Seasons at Hilton Grand Vacation Club Timeshare resort units are subdivided into 52 separate units of time (52 weeks in 1 year), each week sold separately and usually sold to a maximum of 51 owners. Each owner of a timeshare unit would own a deeded interest in 1/51 of the unit, which represents one week of ownership every year or every odd/even year. Hilton divides the 52 weeks into two different seasons: Platinum (1-18 weeks, 23-35 weeks, 42-52 weeks) Gold Season (19-22 weeks, 36-41 weeks) Simply put, Platinum season is high season (summer/christmas time…continue reading →
Renting out a timeshare unit

Renting out a timeshare unit

Q: If I rent out my timeshare unit, will I have to report the income for income tax purposes? A: In almost every situation, you are required to report the income on your tax return. The timeshare rental income is taxable, just like any other income you have. Q: What deductions are allowed as write-offs? A: Deductions may include your annual maintenance fee, advertising, rental commission, depreciation, property taxes (if you pay them separately from the maintenance fees) and interest expense on your timeshare loan (if you have a loan on the timeshare).…continue reading →
Hilton Timeshare Reservation Types

Hilton Timeshare Reservation Types

There are mainly three types of reservations at Hilton Grand Vacation Club. Hilton Home Week Reservation (9 months - 12 months) If you are looking to use your timshare in the resort you hold the ownership for and you'd like to stay for an entire week, checking in on Saturday, then you are able to make a reservation from as early as 1 year in advance of your check in date. The home week reservation applies up until 9 months prior to the check in date. Home week researvations do not any reservation…continue reading →
Timeshare and hotel comparison

Timeshare and hotel comparison

How much money can I save by owning and using a timeshare rather than paying the hotel rate? Let's take an example of a 2 bedroom unit in Hilton's Grand Waikikian with an ocean view sold for $45,000. If you rent a similar size unit with an ocean view in Waikiki, rates run at around $1,000 per night. Here is a comparisone of how much you will pay in 15 years Hotel $7,000 each week x 15 years = $105,000 Timeshare $1,700 each year (maintenance fee) x 15 years = $ 25,500 (+ purchase price…continue reading →
Why buy a timeshare from the developer?

Why buy a timeshare from the developer?

Here are some of the advantages of buying a timeshare directly from a timeshare resort developer such as Hilton, Marriot or Wyndham. For instance, buying a timeshare in a new resort at an early stage will certainly allow you to choose from a wide range of choices in terms of available weeks or seasons, amenities and its location within the resort. There is also an element of trust associated with buying directly from an established brand in which you have confidence. In addition, if you need financing to purchase a timeshare, the developer…continue reading →
Buying a timeshare through the resale market

Buying a timeshare through the resale market

Until the mid 1990s, most buyers bought timeshare intervals directly from the resort developer such as Hilton, Marriot or Wyndham. The resale market began growing and now, because of the internet, buyers have more access to a variation of information and increased options for purchasing a timeshare. Today, many will tell you that the best way to buy a timeshare is through the resale market. The main reason behind this is simply that resales cost considerably less than those offered by timeshare resort developers. Resale timeshares are about 30% to 50% below developer…continue reading →