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Thread: Difference between Owning points or Fractional ownership?

  1. #1

    Question Difference between Owning points or Fractional ownership?

    Hello,
    I'm considering 'buying' a one week timeshare in New York City from a resale website and have reviewed many posts against the following three buildings:
    The Manhattan Club
    Hilton Club New York
    Hilton Club West 57th Street
    (FYI - I'm not aware of any other timeshare options in Manhattan, if there are others, please let me know).

    Ideally, i would like one week (Mon -> Sun), annual use and am happy with a studio size and i'd prefer deeded ownership rather than RTU.

    I've done some research and am unsure of the following:
    What are the main differences between deciding to buy fractional ownership at a specific building or buying annual points (eg. HGVC)?

    I can see that both have 'annual maintenance' fees of around $2000.

    A few websites offer 7,000 points for $7,000 once-off and then $2,000 annnually.
    The above buildings offer anything from $2,000 -> $20,000 once-off and then $2,000 annually.

    I guess with fractional ownership you can sell in the future but can't you also sell you annual points?

    The only obvious benefit I see with fractional is that you are somewhat guaranteed that you can stay in that particular building, where as with points I guess you have to book an can only stay there if a room is available ?

    If anyone can help with my questions or can give advice on your purchase of fractional versus points that would be great.

    Thanks,
    Bad Barry.

  2. #2
    I have come across the fractional ownership as an agent
    and it is rather new in my country kenya in a town called
    Malindi in the North coast. It would be
    interesting to learn more about this fractional ownership
    concept and how it works elsewhere.

  3. #3
    I would love to hear how fractional ownership works in Kenya. Please tell us.
    "A man that doesn't spend time with his family, can never be a real man" The Godfather

  4. #4
    Quote Originally Posted by Chap7 View Post
    I would love to hear how fractional ownership works in Kenya. Please tell us.
    Sometimes Spammer 'Test' forums before spamming to see what the rules are for new users

    When reading his post, this is the impression i got from it

  5. #5
    Quote Originally Posted by BadBarry View Post
    The Manhattan Club
    Hilton Club New York
    Hilton Club West 57th Street
    If you can own a week use time or less than that, it is call timeshare. It could be week or point base.

    If you have to own like at least 1/12 use time, or 21 days. It is called fractions. New York's Fraction like Philips Club, St Regis Residence Club. Some of them set up like a Destination Club type of deal.

    The 3 you mentioned, I believe all are set up as timeshare. And all 3 gives you deed to hold. They may operate as point or week, but they are very silimar when you talking about ownership.

    The difference between week and points when you use them, you need to go into each setting to figure out. Although Mahattan club is set up as week, it allows you to split that, or take few weekend trips. It only operates that one though, so you can only use that one unless you go to outside exchange company. HGVC has several properties not just in New York. You need to check their rules about resale owner, but if you are allow to be in their point system, you can use the point for all their properties in the system, not just New York. But there are restriction on when you can reserve on the property your deed was based on, and when can you reserve on other properties that they systems allows you.

    West 57th Street is much newer added to timeshare. Not sure if Hilton can use Right of First Refusal on it. If they can you should expect to need to be ask for certain amount.

    Jya-Ning

  6. #6
    Quote Originally Posted by Chap7 View Post
    I would love to hear how fractional ownership works in Kenya. Please tell us.
    I am pretty new to fractional ownership. The project I am talking about is a development of 25 two bed units and 8 1 bed units. The developers
    have options of 4 weeks, 8weeks and 12 weeks but in a way that everyone gets some prime time.

    More information on pricing is available but it may not be ok to put
    it in here (Ridewithme38 has already labeled me a spammer).

    I bumped into this forum while doing some research on fractional ownership
    and that was my motivation to post.

  7. #7
    Quote Originally Posted by BadBarry View Post
    Hello,
    I'm considering 'buying' a one week timeshare in New York City from a resale website and have reviewed many posts against the following three buildings:
    The Manhattan Club

    If anyone can help with my questions or can give advice on your purchase of fractional versus points that would be great.

    Thanks,
    Bad Barry.
    BB

    Do a little more digging on The Manhattan Club and you'll find A LOT of unhappy owners - sounds like the developer is raking the owners over the coals on maintenance fees and is renting out so many units that owners can not get a reservation. If you do decide to "buy" at TMC, there are so many owners that want out; I expect you be able to get a current owner to give you there unit.

  8. #8
    You need to check their rules about resale owner, but if you are allow to be in their point system, you can use the point for all their properties in the system, not just New York. But there are restriction on when you can reserve on the property your deed was based on, and when can you reserve on other properties that they systems allows you.
    removed spam
    Last edited by bigfrank; 12-20-2014 at 02:57 AM. Reason: spam infraction given

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