How do you become a member of Diamond Resort?
A points based membership where you can reserve nights and weeks at any of the Diamond owned Timeshare resorts and also many of the Affiliated resorts within the system. To be a club member you must have purchased your ownership directly from Diamond Resorts or obtained from a family transfer of an original ownership.
| Unit Type | Night | |
|---|---|---|
| Ad # | Points | Price |
| #6012500 | 7500 | $5000 |
| #6035737 | 59000 | $59900 |
| #6036059 | 10000 | $22500 |
- Points Levels. Standard.
- up to 14,999. Silver.
- 15,000 - 29,999. Gold.
- 30,000 - 49,999. Platinum.
- 50,000 - 99,999. Centum*
- At-a-glance. Diamond Loyalty Benefits.
- Points Levels. Standard.
- up to 14,999. Silver.
Diamond Resort Credit Card points are worth 0.75 cents each, on average. That means 10,000 Diamond Resort Credit Card points have a value of roughly $75. Diamond Resorts Credit Card points are less valuable than the average travel miles, which are worth almost 1.10 cents each.
- call. 855-342-3689.
- Click to Email. Transitions@diamondresorts.com.
- Explore Your Options. my.hgv.com/transitions.
The Hilton Honors program's top tier is Diamond status, typically earned after 30 stays or 60 nights or by earning 120,000 base points in a calendar year (which equates to $12,000 in spending).
You can try negotiating with Diamond Resorts directly, and they do have a program to cancel timeshares called Transitions. But it's entirely up to them whether to let you cancel, and you can't use your timeshare while you're on the list.
A Four Diamond designation signifies upscale style and amenities with the right touch of service. This year, only 4.4% of rated hotels and restaurants achieved this designation. The AAA Diamond Rating Process is the only rating system that covers all of North America and includes annual property inspections.
Diamond Resorts is a timeshare company headquartered in Las Vegas, Nevada, with regional offices in Orlando, Florida and Lancaster, United Kingdom.
AAA Four Diamond hotels and restaurants, which represent just 4.2 percent of the total, are an exclusive group. They must be refined and stylish with upscale physical attributes, extensive amenities and a high degree of hospitality, service and attention to detail.
What is the average cost to get out of a timeshare?
Paying a timeshare exit company: This varies too, but it can range from around $2,000 all the way to $15,000, depending on the amount of contracts you have to deal with and if the company hires lawyers or not.
Customers can expect to pay about $26,000 for a VOI for one week a year and about $1,460 in annual maintenance fees. And a VOI is a so-called perpetual use product with a lifetime contract that's difficult for a member to be extricated from — and there's no resale market that he or she could tap for cash.
The diamond ratings indicate the level of services and amenities available at each hotel. One diamond indicates accommodations that just meet the basic requirements of a AAA approved hotel, while five diamonds indicate the highest level of luxury.
In the lawsuit, Diamond alleges that third-party exit companies and their lawyers lure timeshare owners into paying large upfront fees – sometimes exceeding $100,000 – by advertising supposed timeshare "exit" services.
Diamond has an in-house program called Transitions that helps people figure out how to sell or get rid of their timeshare. It's possible that Diamond might buy back your timeshare or provide great advice about what to do with it, so be sure to give them a call first!
If you stop paying your timeshare maintenance fees, you will likely default on your ownership. This not only hurts the resort, but it hurts you and your credit. Like a home going into foreclosure, the resort takes the ownership back, and it will stay on your credit report for seven years.
Diamond offers exclusive benefits including the highest Complimentary Upgrade priority and Premium Boarding, and enjoy benefits like a complimentary CLEAR® Plus membership to ease through airport security, customizable Choice Benefits with Delta Sky Club® access, Rollover MQMs and more.
Garena Free Fire Weekly Membership:
It offers a total 450 diamonds out of which 100 diamonds are instantly transferred to the account whereas 350 diamonds are allotted as daily check-in, i.e.50 diamonds daily.
How long does Hilton Diamond status last? Hilton elite status is typically valid for the year that you've earned it and the year afterward. For example, if you earn Diamond status in March 2023, you'll hold it through the rest of 2023 and all of 2024.
Timeshare industry has a very high marketing cost which reduces the profit margin of the promoter. Maintenance cost is high for Timeshare properties. Timeshare membership is considered expensive by a buyer when he starts calculating the interest component and other associated costs of his investment.
Does canceling a timeshare hurt your credit?
A timeshare foreclosure won't ruin your credit scores forever, but it could possibly have an impact on your ability to obtain another mortgage for, perhaps, up to seven years. You might also face future loan denials or higher interest rates if you apply for other forms of credit, like a car loan or credit card.
Timeshare Foreclosure
If you stop paying your timeshare loan, you run the risk of foreclosure. During foreclosure, the lender files to take possession of the timeshare property so it can be sold at auction to cover any remaining debt you owe.
How are they different? MOBIL awards stars; AAA awards diamonds. Both bestow ratings on a scale of 1 to 5; 5 being the highest, denoting the absolute ultimate in luxury, service, atmosphere, and price.
In August 2021 Hilton Grand Vacations (HGV) announced a $1.4 Billion takeover of Diamond Resorts, incorporating 92 Diamond Resorts and 380,000 Diamond owners. Hilton now ranks as the second largest timeshare company worldwide, with a total of 154 resorts and 725,000 members.
The Five Diamond list now comprises 119 hotels and 67 restaurants, which represents less than 1 percent of the nearly 60,000 AAA Diamond establishments across the United States, Canada, Mexico and the Caribbean.
Don't I Have to Own a Timeshare to Stay at One? Simply stated, no. Timeshares are like hotel rooms and can be booked directly from the operator. Many major hotel brands like Marriott, Hilton, and Wyndham also offer timeshares.
A person can live full-time in timeshares for about $1,000 to $2,000 per month with "Everything Included" for the rest of your life, and you can even Will your timeshare to your relatives.
This is basic business practice, and developers are primarily businesses. Most people trying to sell their timeshares aren't businesses, and so don't have those costs to recoup. This helps keep the prices low, even though they're selling the same thing as the developer or resort.
It's officially official: Hilton Grand Vacations' $1.4 billion acquisition of Diamond Resorts has closed. As we previously reported in March, when the merger was first announced, the deal caused shockwaves through the timeshare industry.
The Stars are used by the Forbes Travel Guide'sForbes Rating System (formerly known as the Mobil Travel Guide or Mobil Rating System) and the Diamonds are used by the more commonly known AAA (American Auto Association) Rating System. AAA's Canadian counterpart is CAA (Canadian Auto Association).
What is a 7 diamond hotel?
A seven-star hotel exceeds even the luxury and premium service required to attain a five-star rating from an official body. These hotels offer something above and beyond a five-star experience, catering to a highly wealthy clientele. They're courting celebrities, captains of industry and major political figures.
Can You Refuse to Inherit a Timeshare? In short, yes, you can refuse to inherit a timeshare. While the laws for rejecting an inherited timeshare can vary from state to state, the actual process will generally be the same and is known as “Renunciation of Property.”
Deed-back programs allow you to sell your timeshare interest back to your resort developer. Technically, you don't receive any money in return for a deed back, but it can deliver you some future savings with your mortgage payment and maintenance fee.
But at some point, you may realize your timeshare has you trapped. A whopping 85% of timeshare buyers regret their purchase, according to a University of Central Florida study. Owners cite expense, maintenance fees, intimidation and lack of use.
The only way to get rid of your timeshare maintenance fees and the other special assessment fees altogether is to get rid of your timeshare. Because as long as you own the property, there's really no way to end the yearly onslaught on your bank account.
You pay for the timeshare indefinitely when you own a deeded timeshare. However, they are transferable, which means you can sell them, include them in your will or give them away. However, it's important to understand that the person who gets them after you must pay the fees associated with the timeshare.
You may choose to pay for the entire timeshare interval upfront or opt for financing options to pay off your contract in monthly installments. This option is convenient for timeshare owners who aren't prepared to pay the upfront cost all in one go.
Current Offers. Inspired by the villages of Europe, the AAA Five Diamond Bellagio overlooks a Mediterranean-blue lake in which fountains perform a magnificent ballet.
Unfortunately, the resort is unable to guarantee room location. - Minimum age requirement for check-in is 18 years of age.
Is Diamond Resorts in financial trouble?
Based on the latest financial disclosure, Diamond Resorts International has a Probability Of Bankruptcy of 100%. This is much higher than that of the sector and significantly higher than that of the Probability Of Bankruptcy industry.
Our resorts feature spacious suites, many complete with living rooms, dining areas, full or partial kitchens, private bedrooms, and laundry facilities so you can leave behind the stresses of home without sacrificing convenience.
Diamond Resorts International Marketing Inc. vacation counselors who say the company miscalculated their overtime pay asked a federal judge in Nevada for permission to move forward with a $6.7 million deal ending their wage-and-hour suit.
Timeshare purchasers usually get the right to rescind the contract within a specific amount of time. Most states and some foreign countries have laws giving timeshare buyers at least a few days to cancel the agreement, usually between 3 and 15 days.
If you fail to make timely timeshare mortgage payments over a certain period of time or have stopped paying your maintenance fees altogether as outlined above, your timeshare could eventually be foreclosed on.
In general, it's very difficult to get out of a timeshare. Timeshare agreements are designed to be hard to break, to ensure that owners pay maintenance fees as long as possible. As a result, even if you are eventually able to dump your timeshare, you'll likely lose a good sum of money along the way.
- Use the rescission period.
- Call the timeshare developer.
- Rent your timeshare out.
- Sell your timeshare on the resale market (but expect to take a hit).
- Gift your timeshare to a friend, family member or stranger.
In order to decline your timeshare inheritance, you will typically have to file a disclaimer of interest in accordance with the laws of your state or the state where the timeshare is located. Usually, the disclaimer of interest will have to be signed, dated, and filed with the probate court.
Don't be afraid to say no: This may seem obvious, but the easiest way to say no is just to say no. In other words, don't worry about sounding rude or making up excuses. Timeshare salespeople know you're only there for the gift, and you're not obligated to buy anything.
Earn 3X Hilton Honors Bonus Points for all other eligible purchases on your Card. Spend $40,000 on eligible purchases on your Card in a calendar year and you can earn Hilton Honors Diamond status through the end of the next calendar year. $95 annual fee.
Does Hilton pay Diamond Resort fees?
Hilton Diamond Benefits. Hilton Honors Diamond elite members receive the benefits below plus the Gold elite benefits of: Food and beverage credit (U.S. stays) or continental breakfast (outside the U.S.) No resort fees on award stays.
What Does a Four Diamond Rating Signify? When a hotel receives AAA's Four Diamond rating, this indicates that the hotel has “upscale style and amenities, enhanced with the right touch of service.” These are not your typical run of the mill hotels; they are nicer, and have a higher level of comfort.
- Silver Tier Benefits. Earn Silver with. 10 nights, 4 stays or 25,000 Base Points. In addition to your Member perks, you'll get: ...
- Gold Tier Benefits. Earn Gold with. 40 nights, 20 stays or 75,000 Base Points. ...
- Diamond Tier Benefits. Earn Diamond with. 60 nights, 30 stays or 120,000 Base Points.
The two main ways to obtain Hilton Diamond status are by staying at least 42 nights at a Hilton property in a year or by getting the Hilton Honors American Express Aspire Card which comes with Diamond status.
100% Bonus Points on Stays. Space-available room upgrades. Premium Wi-Fi. 48-hour room guarantee.
A Five Diamond resort provides ultimate luxury, sophistication, and comfort with extraordinary physical attributes, meticulous personalized service, extensive amenities and impeccable standards of excellence.
You cannot simply refuse to pay resort fees, but — just as some hotel employees are occasionally empowered to compensate you — the employee might have authority to remove your resort fee. Just understand that this is the exception, not the norm. And while it doesn't hurt to ask, it helps to ask nicely.
When selected as a MyWay Benefit by a Gold or Diamond Member, daily complimentary continental breakfast is provided for the Member and up to one additional guest registered to the same room each day of Member's stay. Breakfast is only served in the hotel's designated restaurant or Executive Lounge.
Hilton Diamond status is possibly the easiest top-tier hotel elite status to earn. To qualify, you must complete 30 stays, stay 60 nights or earn 120,000 base points in a calendar year.
