About Kingdom Towers (can't get used to that name) maintenance fees

[Chester's Mum]

If this resort does happen, what effect do you think the monorail will have on maintenance fees? Do you think they will be very high? I was thinking that the monorail might be a high maintenance feature.

 

[dudleydog]

Can't imagine it being anything too out of the norm. The monorail is not exclusive to KT and WDW has most of the costs already. I wouldn't think they would shift an unusual amount to the KT DVC.

 

[Chuck S]

I don't think the DVC resorts are paying a set portion of the actual operating costs of the monorail, boats and busses. More likely it will be an annual contract with Disney Transportation at whatever price DVC and Transportation agree upon.

 

[cincinmouse]

If this resort does happen, what effect do you think the monorail will have on maintenance fees? Do you think they will be very high? I was thinking that the monorail might be a high maintenance feature.

You can view the budget that was filed at
http://www.dvcnews.com/PDFs/KingdomTower/CR_2009Budget.pdf

on page 6 at the bottom you can see it listed at $3.6 per point. This is probably the intro rate and will be higher in the future. The transportation budget is 0.18 per point. Not sure how that compare with other resorts. Remember it is not likely that this will be 100% DVC so they will still be sharing expenses with the Hotels.

 

[Chester's Mum]

You can view the budget that was filed at
http://www.dvcnews.com/PDFs/KingdomTower/CR_2009Budget.pdf

on page 6 at the bottom you can see it listed at $3.6 per point. This is probably the intro rate and will be higher in the future. The transportation budget is 0.18 per point. Not sure how that compare with other resorts. Remember it is not likely that this will be 100% DVC so they will still be sharing expenses with the Hotels.

Hmmmmm...I've never seen that site before. Looking good! Thanks.

 

[ZekeKelso]

So far, Disney has done a pretty good job with their initital budgets and set initial maintenance fees at about the right level. There haven't been huge jumps - just normal increases for the most part. While it's possible Disney might have messed up with the CRV fees, I'd be optomistic and assume overall fees will be low. Alas - the flip side of that is asking why they are low, and one reason might be high per night point costs.

 

[Grandbuddy]

So far, Disney has done a pretty good job with their initital budgets and set initial maintenance fees at about the right level. There haven't been huge jumps - just normal increases for the most part. While it's possible Disney might have messed up with the CRV fees, I'd be optomistic and assume overall fees will be low. Alas - the flip side of that is asking why they are low, and one reason might be high per night point costs.

I would think maintenance fees could remain lower with a high rise with more limited grounds upkeep, less square feet of roofing per square foot of living space, more concrete and less wood or other painted siding, etc.

 

[tomandrobin]

The maintence fees are so low, because the point cost for a nightly stay is so high.

 

[Grandbuddy]

The maintence fees are so low, because the point cost for a nightly stay is so high.

Thought Disney still had not even officially acknowleged the existence...

 

[tomandrobin]

Thought Disney still had not even officially acknowleged the existence...

There is a bunch of information out about KT. There is the paperwork that was filed a month ago detailing the points and fees to sell KT as a timeshare.

 

[Grandbuddy]

...because the point cost for a nightly stay is so high.

There is a bunch of information out about KT. There is the paperwork that was filed a month ago detailing the points and fees to sell KT as a timeshare.

Has a points chart been released? (I think the point cost is likely to be high - just didn't know it could be stated with such certainty, at present.)

 

[tjkraz]

The maintence fees are so low, because the point cost for a nightly stay is so high.

Bingo.

The point charts determine the number of points Disney can sell. More points means the budget is shared by more people. Information revealed in Disney's public filings indicates rooms at the Contemporary could cost as much as 20% more points per night than all prior resorts.

Let's say you have a resort with a $450,000 annual budget and 100,000 points. The annual dues would be $4.50 per point.

Now let's bump-up the point charts by 20%. That same $450,000 budget spread over 120,000 points means each point only pays $3.75 in dues.

Of course if the points are higher, it means you need to use more to stay each night. So whether you pay $4.50 x 200 points for a week at AKV or $3.75 x 240 points for a week at KTV, the out of pocket cost is about the same.

The penalty--if you will--is that KTV owners must to pay $100+ per point to acquire those extra 40 points in the first place.

 

[tjkraz]

Has a points chart been released? (I think the point cost is likely to be high - just didn't know it could be stated with such certainty, at present.)

Here's a link to the docs that are publicly available:

http://dvcnews.com/index.php?option=com_content&task=view&id=354&Itemid=96

And here's some info on the points chart:

http://dvcnews.com/index.php?option=com_content&task=view&id=352&Itemid=96

The points aren't set in stone yet, but if you read the article you'll see how the KT stacks-up against the other DVC resorts in terms of annual averages.

 

[hakepb]

The one positive for the monorail: no gas or diesel use to keep increasing it's costs!

 

[Grandbuddy]

Here's a link to the docs that are publicly available:

http://dvcnews.com/index.php?option=com_content&task=view&id=354&Itemid=96

And here's some info on the points chart:

http://dvcnews.com/index.php?option=com_content&task=view&id=352&Itemid=96

The points aren't set in stone yet, but if you read the article you'll see how the KT stacks-up against the other DVC resorts in terms of annual averages.

'preciate it.

 

[Maistre Gracey]

The rack rates for the Contemporary wings are among the lowest of the deluxes, so I don't see why the fees for KTV would be outragous.

MG

 

[White_Sox_Fan]

Bingo.

The point charts determine the number of points Disney can sell. More points means the budget is shared by more people. Information revealed in Disney's public filings indicates rooms at the Contemporary could cost as much as 20% more points per night than all prior resorts.

Let's say you have a resort with a $450,000 annual budget and 100,000 points. The annual dues would be $4.50 per point.

Now let's bump-up the point charts by 20%. That same $450,000 budget spread over 120,000 points means each point only pays $3.75 in dues.

Of course if the points are higher, it means you need to use more to stay each night. So whether you pay $4.50 x 200 points for a week at AKV or $3.75 x 240 points for a week at KTV, the out of pocket cost is about the same.

The penalty--if you will--is that KTV owners must to pay $100+ per point to acquire those extra 40 points in the first place.

I think that this, as well as the fact that it is a high rise, make for the lower MF's. The great deal is if you stay at one of the other resorts you are getting a lot more bang for the buck compared to the other resort owners (assuming the cost per point does not go up significantly).

 

[FLYNZ4]

The one positive for the monorail: no gas or diesel use to keep increasing it's costs!

And the price of electricity doesn't increase?

/Jim

 

[Maribel]

I think I read somewhere in the filled documents a while ago that KT@CR will not have any part on the maintenance of the monorail.
The guests of KT@CR will have access to the facilities of CR (like restaurants, shops, pools and recreational facilities) but will not cover the expenses related to them.
In the same way, CR guests will be able to use KT@CR facilies, but CR will not pay the association related to maintenance.
I'll see if I can find the paragraph where this is explained