Breaking News: BLT Units 2A & 2B declared

[Disney Spaz]

 

[tjkraz]

The point requirements COULD mean that it's cheaper to reserve a studio plus 1BR than to reserve a 2 BR. I wonder if that's how it will end up?

I don't think there's any chance of that happening. What they did was narrow the gap between a 2B vs 1B+Studio.

If you look at the max allocation values for SSR, a Two Bedroom is 45 points while a One Bedroom + Studio is 52. There is a 7 point premium for renting those rooms out separately rather than combined.

At BLT, the Two Bedroom average is 54 while the Studio + 1B is 55 points for a difference of just 1 point. The 1B plus Studio still costs more, but they've effectively made it more expensive to go up to a Two Bedroom.

It's also important to note that these are just averages. It is very likely that they will at least create a "Magic Kingdom View" (or some other Preferred category) and more of a Standard View. Based upon these values, the lower-priced rooms could be fairly economical--perhaps even lower than the BCV nightly prices or AKV Savanna view. But the MK view rooms--which could represent less than 1/4 of all villas--are certain to be quite high priced.

 

[bgraham34]

As far as price per point goes I am going to think it is going to be $115 per point. Thats just my thinking.

 

[Budshark]

I just can't settle on this. Just when I start to be convinced I won't do this - I convince myself I might.

On one hand I hope/think they'll just treat this as a regular DVC resort - normal price increases, etc. I'm all over that. It would be wonderful if they do it this way!

On the other hand, I'm afraid someone might get greedy and create a "Monorail" class DVC that has higher buy-in costs and is "separate" from regular DVC. In this case I'm thinking >$150 buy-in and some form of conversion between resorts or NO movement between resorts. Then they'll add some rooms to the Polynesian/Grand Floridian and keep this as a "premium" club...

I'm hoping they'll do the right thing and just treat this as a new DVC option... please please please...

Chris

 

[Josh125]

On the other hand, I'm afraid someone might get greedy and create a "Monorail" class DVC that has higher buy-in costs and is "separate" from regular DVC.

I really think that is the 1000 lb. gorilla in the room. If they think they can command that high of a price, even it if means making it seperate, I think it is a real possibility.

 

[corky441]

I'm wondering what effect the new BLT offering will have on resales?

On one hand - I wonder if people will try to get a higher per point resale on their contracts to coinside with what I'm sure will be a BIG increase over the price of AKV. I won't be surprised if BLT starts @ $130+ per point.

On the other hand - I'm hoping that the price per point on resales decline, thinking that people will be trying to dump some points in order to jump on the BLT bandwagon. Since I'm looking at adding on some points thru resale... I guess you can guess what scenario I'm hoping for

 

[SuzanneSLO]

I really think that is the 1000 lb. gorilla in the room. If they think they can command that high of a price, even it if means making it seperate, I think it is a real possibility.

The current Declaration of Condominium is very similar to that filed for AKV with no suggestion that it be a separate class of DVC. While DVD could amend it before sales start, if they wanted to do that, why bother recording this one?

Also, the documents were dated in early July, but not recorded until yeterday. Maybe the negative buzz on the internet about a possible upper class DVCII made DVD more comfortable about not making big organizational changes for BLT. -- Suzanne

 

[Josh125]

The current Declaration of Condominium is very similar to that filed for AKV with no suggestion that it be a separate class of DVC. While DVD could amend it before sales start, if they wanted to do that, why bother recording this one?

Also, the documents were dated in early July, but not recorded until yeterday. Maybe the negative buzz on the internet about a possible upper class DVCII made DVD more comfortable about not making big organizational changes for BLT. -- Suzanne

All valid points. My only issue would be that DVC has to realize that sales will be greatly impacted by folks that understand that they can buy much cheaper and book 7 months out. I'm certainly not in the DVCII camp, however can see the logic in it. Throw the new Four Seasons in the mix, and who knows.

Either way, I think the curtain will be pulled back from this wizard in a few short weeks

 

[robandkelly13]

As for us small fries you have no clue what is going on with this, is it worth the wait, and not close on AKV. I don't see what is so special about this place, besides the view. It seems to me it is going very cramped.

 

[natale1980]

Please dumb this down for me.
Are some of you suggesting I may not be able to use my Animal Kingdom points to stay at BLT?

Please forgive my lack of understanding. While I am reading I am listening to "Mommy, Mommy, ma, ma, mommy, mommy!!!"

-nat

 

[drusba]

Looking at that maximum reallocation point provision, which gives points per room per night if every night of the year were the same point cost, the biggest difference with others such as BCV, BWV preferred, VWL is the points for a 2BR (actually showing 8 to 9 higher than the other resorts, 54 at BLT and 45 to 46 at others). What appears they are going to be doing is have the actual cost for a 2BR be very close if not the same as the cost for a separate studio and 1BR almost all year-- at other resorts getting a 2BR is significantly cheaper most times of year than getting a separate 1BR and studio. What that means: most rooms at BLT will most likely be 2BRs (and most of those lock-offs) and that point cost difference per night for a 2BR can make a huge difference in number of total points they can sell per unit in comnparison to the other resorts. In other words, it appears most of any "price" increase has already been built into the point structure for BLT.

 

[Robert H]

. What that means: most rooms at BLT will most likely be 2BRs (and most of those lock-offs) and that point cost difference per night for a 2BR can make a huge difference in number of total points they can sell per unit in comnparison to the other resorts. In other words, it appears most of any "price" increase has already been built into the point structure for BLT.

Okay, I'm confused. We have planned on buying about 100 points and staying in a 1BR every third year. Are you saying that there will not be that many 1BRs because most of BLT will be 2BR???

 

[White_Sox_Fan]

I noticed on page 29 of the Declaration of Condominium that it states that while it is the intention that every phase be declared as part of the Vacation Ownership Plan they reserve the right to declare units that are not part of it. It then has a section regarding commercial units. Has this language been typical in the other resort declarations or is it unique to BLT?

 

[hakepb]

Okay, I'm confused. We have planned on buying about 100 points and staying in a 1BR every third year. Are you saying that there will not be that many 1BRs because most of BLT will be 2BR???

Lock-off means that they can be rented as a 1BR and Studio or combined as a 2BR. They said most 2BR's will be lock-off's.

 

[Robert H]

Lock-off means that they can be rented as a 1BR and Studio or combined as a 2BR. They said most 2BR's will be lock-off's.

Ah, got it! Thanks!

 

[drusba]

I noticed on page 29 of the Declaration of Condominium that it states that while it is the intention that every phase be declared as part of the Vacation Ownership Plan they reserve the right to declare units that are not part of it. It then has a section regarding commercial units. Has this language been typical in the other resort declarations or is it unique to BLT?

That is typical language for all resorts.

 

[keishashadow]

Well, I'd say that just about makes it's official to me. Thanks for the links. Now all they have to do is finally make the announcement... I'm betting they convert the top 2 floors of the Main Tower to DVC, just like they did with AK...

and they could start selling sooner too based on the minimum % of completion needed in FL for TS sales

time to start rolling pennies

 

[mj2vacation]

and they could start selling sooner too based on the minimum % of completion needed in FL for TS sales

I am not sure that is a florida law, or there is a way around it. Marriott is pre selling 3 properties with no units complete. Marco Island, Grand Lakes and Oceana Palms.

 

[pinnocchiosdad]

As far as price per point goes I am going to think it is going to be $115 per point. Thats just my thinking.

Well as long as we are making predictions. I say everyone is wrong in there thinking of a rediculously high price. I say $104 per point. They will not offer the standard $8 off incentive though. They will still through in the DP's and push the fact that there will be no MF's due until occupancy. I saw the place 3 weeks ago and I swear it is going up faster than KIDANI village which is scheduled to open MAY 2009. By the way from what I have seen the BLT pool doesn't look like anything special to me. JMHO!!!!

 

[keishashadow]

I am not sure that is a florida law, or there is a way around it. Marriott is pre selling 3 properties with no units complete. Marco Island, Grand Lakes and Oceana Palms.

it's been reported here several times by the wise ones

although i don't have the thread(s) bookmarket...sure somebody will set us straight!

evidently, implemented to shore up the TS industry in general in FL from default...inspire confidence, etc.