Big Doings at the Contemporary!

[liznboys]

Thanks for sharing your info!!

 

[liznboys]

I also think it will be dvc , at least partially, but the more I think about the arguement of SSR needing to sell out first, the less it makes sense

It makes no difference which DVC resort they sell or dont sell. If they wait on CRV until SSR is sold out, then they have CRV just sitting there not being sold.

if they sell CRV then CRV sells and SSR sits there.

it makes no difference, one will sit either way

but I would bet it takes LESS time for both to sellout if they announce CRV first. Once CRV is in, thats a pretty good draw for DVC overall.

I was thinking the same things. What difference does it make if CRV sales slow SSR or AKV sales? And your point about it increasing DVC sales overall makes sense.

 

[AKV707]

I don't think SSR is as much a factor as AKV. If CRV was announced tomorrow, would they be able to sellout AKV? Considering the fact that the new AKV building will not be complete until 2009, which means contracts cannot close until then?

Debbie, I think that Kidani construction is also ahead of schedule. I just added on at AKV, and my guide wasn't sure whether the unit for my add on would be in Jambo or Kidani. That must mean that there some Kidani points for sale.

AKV and CRV would be completely different types of resorts. If DVC priced points at the new resort higher than AKV, (which i think they would do) or offer a better incentive at AKV, I believe that they both would sell, Is there evidence that AKV sales have hurt SSR sales?

For DW and I AKV is more desirable than CRV. I think think that other people would have same view. For others CRV would be the choice. They would each provide such a different experience, I think that there is plenty of room in the market for both. All of this of course is IMHO!

 

[llmurphy17]

I'm thinking that it must be partially a dvc why else all the secrecy

 

[Disney MAINEiac]

anyone have any current photos of the construction?

 

[colleen costello]

Hi everyone! We were back to WDW last night, had dinner at Chef Mickey's then watched fireworks from the beach. WOW! Took my parents, who were with us this time, out to see the BIG construction and Mom sais pretty much what we all have -- "How can they not announce that HUGE thing?"

I will add what the CM at the DVC desk did discuss that day. First, I felt like she was agreeing with me (while not admitting anything) that is WAS, of course, Contemp DVC. She specifically said something like this -- that "Even though she could not discuss it AT ALL, it just seemed COMMON SENSE (her emphasis, not mine) that they would continue to sell TWO PROPERTIES at a time." I took this to mean that when Saratoga (or perhaps AKL, whichever sells out first?) is sold out, CDVC will become "real." I said to her, "Well how far along is Saratoga?" and she said she thought her last info was "54%." I thought it was more like 70%, but I realized that was a number I had just imagined in my own head... Anyhow, I remember thinking that it would take AGES until one or the other of the current properties was sold, and again, how could that keep constructing that HUGE building and not identify it? We'll see!

Also, as far as the "expansion," she kept stressing that the new growth and the name change had to do with the new focus on "the whole world," and how DVC would offer properties ALL OVER... She said Hawaii was the beginning of this new focus. I told her I am terrified to fly and hoping that someday I could take a BOAT to the Hawaii DVC, and she reminded me they are buidling new cruise ships and past ships have gone right thru Panama... so my dream of someday SAILING to Hawaii was a reasonable one! I think the whole point she was making was that no matter WHERE you choose to vacation, it's going to be possible for Mickey to get you there -- THAT is the point of DVC's new name including "world" or "global" or whatever she said... I guess I need to take little tape recordings of these conversations as I am a dismal reporter!

It also occurs to me that as DVC gets a little older and these opportunities to "spend more money and extend your contract offers" appear, it makes sense that DVC is expanding and offering more options... I guess you might be more likely to add 10 years onto your contract if the points could take you to Hawaii, Europe -- everywhere.

We got some great photos of the building and later this afternoon I have a promise from DH that we will try to get them posted here.

Happy New Year!

 

[TisBit]

I am not a business major, but I would also think that having too many "unsold" units at one time is a bad financial move. If they announce CRV, they would have people resort shopping to find what they want. Right now you have a choice AK or SSR.....

DVC doesn't want to give anyone a reason to "wait" for CRV. It is better to get them in now. All new owners (myself included) don't know anything about CRV and it was never brought up. They announced California and Hawaii, but that helps spur sales, new members will translate ownership to more than just Florida (which is the alleged 'downside' of DVC)

Not to mention others have posted how Disney cannot sell until they complete construction (or something like that). If they are building a high rise building, that means all those rooms are going to come on the market very fast and in bulk. Also a reason not to announce. This property is unique to DVC, all the other resorts came on in phases from what I can see, this will be a big lump of availability.

 

[colleen costello]

 

[Barb]

Thanks for all the interesting information. So far, I'm liking the changes at the CR.

As much as I've been one of those who was sure she'd buy CRV points, I stayed at AKV this past December and thoroughly enjoyed my stay there. It's left me confused, to say the least. I'm not sure what I want to do.

Of course they're going to change the logo. I just finally finished putting the window decal on my mini-van!

 

[JenSop]

I don't believe CRV would totally effect the sales of other existing resort sales. For example, we are new DVC members and bought into AKV. It was a no brainer for us. We LOVE animals and were excited to be a part of AKV. We would never even consider CRV - especially DH - it just looks too much like it's out of the 70's.

It's just one other option of many for DVC potential buyers. We also weren't crazy about SSR, so AKV was perfect. I think options are good - every one has different tastes, and this helps to cater to them.

Although I do admit, it's fun to watch all the speculation!

 

[TLSnell1981]

I have been told and firmly believe...they must sell out SSR or AKV before they can announce CRV.

I have my money ready to go for CRV!

 

[sjdisneywedding]

I am not a business major, but I would also think that having too many "unsold" units at one time is a bad financial move. If they announce CRV, they would have people resort shopping to find what they want. Right now you have a choice AK or SSR.....

DVC doesn't want to give anyone a reason to "wait" for CRV. It is better to get them in now. All new owners (myself included) don't know anything about CRV and it was never brought up. They announced California and Hawaii, but that helps spur sales, new members will translate ownership to more than just Florida (which is the alleged 'downside' of DVC)

.

that only makes sense if they didnt already start to build it

otherwise why would they go through the process of builiding it? just to let it sit there unsold?

if its dvc then as soon as its ready to be sold it probably will be sold, there is ZERO benefit from not announcing or selling it--it can only help all sales nd DVC overall

 

[disneymom8589]

Thank you for the interesting information! I'm really intrigued about the DVC CM's comments regarding DVC expansion. It will be exciting to see what might occur!

Congratulations on your 20th anniversary!

 

[Disney MAINEiac]

Thank you Colleen

 

[colleen costello]

Hey again. FYI, in the first photo DH posted, you can see in the foreground the "pathway" that will clearly become the skybridge to the main concourse of the existing building. Seeing that is what convinced me that what is being built IS based on the drawing we saw here! It will be SO cool to be able to walk from one to the other.

 

[colleen costello]

Hey again. FYI, in the first photo DH posted, you can see in the foreground the "pathway" that will clearly become the skybridge to the main concourse of the existing building. Seeing that is what convinced me that what is being built IS based on the drawing we saw here! It will be SO cool to be able to walk from one to the other.

 

[Dumbo]

I am not a business major, but I would also think that having too many "unsold" units at one time is a bad financial move.

When I bought DVC in 1999 I had my choice of four DVC resorts. Old Key West, Hilton Head, Vero Beach, and Boardwalk Villas.

 

[TisBit]

that only makes sense if they didnt already start to build it

Because it will still be years before its completed. They can announce it one year prior to completion and begin selling.

otherwise why would they go through the process of builiding it? just to let it sit there unsold?

Its not sitting there unsold, its being built. Right now it doesn't cost Disney anything to not announce. Again, unlike SSR or other resorts, phase one isn't done, sitting empty.

if its dvc then as soon as its ready to be sold it probably will be sold, there is ZERO benefit from not announcing or selling it--it can only help all sales nd DVC overall

Actually, not really true. Again, there are people that are in the DVC sales office now that would say "I will wait for CRV" instead of buying what is available. I bought last year and liked comparing SSR and AKV, if they also had CRV, I would have considered it. It will be a huge selling point to have Monorail access to parks, look at BCV and how it books up. CRV will do the same thing.

Also, if Disney builds another Hotel, investors don't care. But if Disney is building DVC units...and they already have 1000 units sitting unsold in SSR and AKV, plus California and Hawaii beginning, that can make investors nervous. So there are actually some very sound reasons not to announce. What is the benefit of announcing if they can't sell them right now anyway and they already have WDW options available.

California and Hawaii can be incentives to buy DVC, because those options will be available in the future....which are not at WDW.

JMO

P.S. someone at Disney might have the exact same rationale as me and that is why it hasn't been announced! just giving options on why they might not announce, if they are right or wrong we dont' know. But the fact is they haven't announced, so the question is....why?

 

[spiceycat]

the annoucement will come in May. (Frog)

70% of the building (outside building not interior) must be completely before sales start.

with SSR the building went up one at a time - so it was 70% of each building (of course then they changed it to 70% of the completely resort - so they could sell in advance)

with AKV the first part was in the hotel - so definitely more than 70% of those were done.

with the outside I think once they get to the middle they will open these building - so again sales can continue.

CRV is like VWL - the building must be paritally finished before sales can began.

of course not announcing the thing just kepts the interest up - has guests asking what is that?????

would not be surprised if the DVC was not annouced until after the building was completely up and work started on the inside.

if they can kept out interest up - by simply not annoucing it - why do anything until you have too.

 

[spiceycat]

darn work - it won't let me see them - well have to wait until tonight!

want to see them!!!!