Attack of the Lakeshore Lodge

[Sandisw]

If they put LSL as part of CFW I would never buy there. But I fear they will combine it, otherwise CFW will never sell. That is the only reason I can see for the landtrust they created with CFW. Also if all dvc going forward is part of the landtrust then that sucks too - what is the advantage to buying your home resort? Also does that then negate the resale restrictions? if the resorts are part of the land trust then you can stay at any resort in the land trust correct?

No. The trust allows for them to add new component sites and put them under their own RTU plan.

They don’t have to be combined into one home resort. So, they can put LSL into the trust and sell it the same way as CFW, without combining it with it in the same RTU plan that exists now.

But, the trust allows them to do that and do other things that are not possible when it’s created as a leasehold condo like the previous resorts all were.

 

[VGCgroupie]

No. The trust allows for them to add new component sites and put them under their own RTU plan.

They don’t have to be combined into one home resort. So, they can put LSL into the trust and sell it the same way as CFW, without combining it with it in the same RTU plan that exists now.

But, the trust allows them to do that and do other things that are not possible when it’s created as a leasehold condo like the previous resorts all were.

whew if/once all this happens its going to be a big learning curve for the way we all know things to run currently.

 

[Sandisw]

If CFW is rolled into LSL, I imagine when sales begin on LSL, the cabins will be the first units to be sold/declared. I don't see anything revolutionary, but a quirk worth noting. It may give DVD incentive to begin selling LSL earlier than usual in the process.

Because the trust sells RTU and not a deeded interest, you don’t buy specific units.

You buy access to use any of the inventory activated in the RTU plan you are buying into n

So, if they declare LSL in the same plan as CFW, you are simply buying the right to have both as your home resort.

 

[Sandisw]

whew if/once all this happens its going to be a big learning curve for the way we all know things to run currently.

If they use the trust vehicle, but then keep the component sites as indivual home resorts, the use will be the same so it shouldn’t be too difficult.

If they combine, then it might be.