Just like with any other Timeshare, owners have 3 options available to them:
This article will discuss all 3 of these options in broad detail, but if more personal help or questions are needed you can find them covered regularly in other as well as the TUG Hyatt Vacation Club owner forums if you wish to look into those further!
Hyatt advertises an exit/surrender program to allow existing Hyatt owners to exit their ownership by giving it back to Hyatt directly!
This program can be found here Hyatt Exit homepage and includes both an email, and direct phone number to contact Hyatt directly to discover what your options are working directly with Hyatt.
This seems too good to be true, whats the catch?
While there is no "catch", there are two requirements for an owner to be eligible to use this program
- Your ownership must be paid off
- You cannot be delinquent in your maintenance fees
Unfortunately not all ownerships qualify, and many existing welk (now renamed hyatt) owners find themselves being told they cant even give their ownerships back, but it costs nothing to reach out and ask! Only takes one yes to end your ownership!
If it is so easy, why don't more owners use it?
Quite frankly, it is because Hyatt owners don't know the program exists! Admittedly Hyatt isn't going to go out of its way to promote such a program, although they do regularly advertise its existence to its owners. The fact of the matter is that Upfront Fee Timeshare Exit companies do far more to specifically target and promote their "services" to owners because that is how they make their money!
There are thousands of Timeshare owners who feel they are stuck with their timeshare, and doing a search on google will return hundreds of results the majority of which are upfront fee Timeshare exit companies promising an easy way out!
Rest assured when you contact them, you wont be told about this program as if you knew, why would you pay them money to do something you can do yourself?
Am I truly out of my Hyatt Timeshare?
Yes! Once you have completed the process of surrendering your Timeshare Ownership back, you are no longer an owner and no longer have any yearly maintenance fee obligations!
This is hard to believe, can you prove this program works?
Absolutely! This program was just recently announced and was first announced on TUG back in March 2020. Since then Owners have discovered this info thru TUG and successfully ended their Hyatt ownerships! You can view the full discussion thread here that is still active with owners finding it every single week! How to give or sell back your Hyatt Timeshare.
These are the lucky ones like yourself, unfortunately the rest likely pay some random company a fortune to do something they could have done themselves working directly with!
What if I don't want to just give it away?
While many Hyatt Timeshares have little to no resale value and in these cases it does appear Hyatt will make you an offer to buy your timeshare from you if it still has value! Alternatively (check out our other articles for more info on this) it could be offered up on the resale market to net some money to you as an owner if you chose to sell it vs give it back to Marriott!
If you wish to investigate this route, we would suggest starting with our How to Sell your Timeshare Guide for more details on how to sell your Timeshare yourself without paying large upfront fees and without being scammed!
This article however was expressly written to let more owners know about this program as a legitimate option to get out of a Hyatt Residence Club ownership!
For Welk owners, chances are your ownership has no realistic resale value at all and your options are almost always limited to trying to offer your ownership up for free to see if anyone might be willing to take it off your hands! TUG provides a free solution for this here: Give away your Timeshare for Free
The Final Word on Getting out of an unwanted Hyatt Timeshare!
Despite what any other company tells you (remember, these companies rely on misleading you in order to get your business, telling you the truth is not profitable in the Timeshare industry), this is an official Hyatt program, and you are dealing directly with them and not some 3rd party. The other option an exit or cancellation company provides to you is to tell you to stop paying, this is something you can also do yourself at no cost!
We urge any Hyatt Timeshare owner who has reached the end of their Timeshare lifetime to investigate this option as a solution to dispose of an unwanted Timeshare!
Come check out our free Hyatt Timeshare owner Discussion forums! if you have any additional questions or concerns! There are thousands of other Hyatt Timeshare owners on this forum who answer questions all day every day!