When it comes to investing in a vacation lifestyle, one of the most popular options is purchasing a timeshare. Among the many brands available, Hilton Grand Vacations stands out for its luxury resorts, flexibility, and reputation. However, like any significant investment, understanding the financial commitment involved is crucial. This article will break down the costs associated with owning a Hilton Grand Vacacations timeshare.
Initial Purchase Price
The first cost to consider when purchasing a Hilton Grand Vacations timeshare is the initial purchase price. This price varies depending on factors such as the resort location, size of the unit, season, and whether you’re buying directly from Hilton or on the resale market. On average, you can expect to pay anywhere from $20,000 to $50,000 when buying directly from Hilton. If you’re considering purchasing the same ownership the resale market, prices can be significantly lower, often between $5,000 and $15,000.
Annual Maintenance Fees
In addition to the initial purchase price, timeshare owners are responsible for annual maintenance fees. These fees cover the cost of maintaining the resort property and amenities, including landscaping, pool maintenance, housekeeping, and general upkeep. For Hilton Grand Vacations timeshares, the annual maintenance fee typically ranges from $800 to $1,500 per year, depending on the size of the unit and the resort location.
Club Membership Dues
| Club Members – Domestic / International | $199 / $234 |
|---|---|
| Inclusive Club Dues – US & Canada / International | $336 / $363 |
| HGV Max Members | $281 |
Hilton Grand Vacacions owners are also part of the Hilton Grand Vacations Club, which comes with its own set of annual dues. These dues cover the cost of managing the Club, providing member services, and maintaining the Club’s reservation system. The exact amount varies, but it’s typically around $200 per year.
Exchange Fees
| RCI Weekly Reservations (on a per reservation basis) | $279 |
|---|---|
| RCI Guest Certificate | $89 |
RCI Nightly Reservations |
|
| 1 Night | $59 |
| 2 Nights | $79 |
| 3 Nights | $109 |
| 4 Nights | $159 |
| 5 Nights | $199 |
| 6 Nights | $219 |
| 7 Nights | $279 |
Hilton Grand Vacations operates on a points system, allowing owners to exchange their timeshare week for points that can be used at other resorts within the Hilton network. While this provides great flexibility, there are exchange fees to consider. These fees vary but can range from $59 to $279 per exchange.
Potential Additional Costs
Resort Reservations |
|
|---|---|
| Home Week | Complimentary |
| Home Resort Priority, Hilton Club Priority or Club Season (Changeable) – Phone / Online |
$119 / $59 |
| Club or Home Resort using Bonus Points – Phone / Online | $119 / $79 |
| Club Partner Perks – Phone / Online | $149 |
Point Stretching |
|
| Hilton Honors Conversion – Phone / Online | $169 / $154 |
| Saved Points Deposit (Jan – Aug) – Phone / Online | $129 / $109 |
| Saved Points Deposit (Sep – Nov) – Phone / Online | $149 / $129 |
| Saved Points Deposit (Dec) – Phone / Online | $219 / $199 |
| Cancellation Protection – Phone / Online | $89 |
| RCI Deposit – Phone / Online | $169 / $154 |
| Extending RCI Deposited Points | $159 |
| Borrow | Complimentary |
Guest Certificates |
|
| Home Week | Complimentary |
| Home Resort Priority, Hilton Club Priority or Club Reservations – Phone / Online |
$89 / $64 |
| Open Season Cash | Not Available |
Finally, there are potential additional costs to consider. These can include fees for guest certificates, honors points conversions, Club Season reservations fees, and saving your points for use during a future Use Year.
In conclusion, while owning a Hilton Grand Vacations timeshare can provide many benefits, including access to luxurious resorts and flexible vacation options, it’s important to fully understand the financial commitment involved. By considering the initial purchase price, annual maintenance fees, exchange fees, club membership dues, and potential additional costs, you can make an informed decision about whether a Hilton Grand Vacations timeshare is the right investment for you.
