Coming Soon...The Villas at the Contemporary Resort

I also heard sort of the same from a CM friend of mine who actually works for DVC. Of course it's all speculation I guess, but he mentioned there is more land on that lagoon going north so the hotel can spread that way. I also did hear that it would be taller than 3 stories. I heard this maybe a year ago though. Sigh...wish it were true!
 
I wonder if they're trying to figure out the best way to maximize the hype on this new DVC location....like a new IPO...producing a frenzy of buying into the DVC bubble?! I'm signing off now...I need to finish packing!!
 
It is true...the Contemporary Resort DVC will be next at a pre-construction sale of $150 per point, then they will add the Animal Kingdom DVC at $175 per point to cover the cost of extending the monorail to the AK lodge......
 
Cinderpals said:
I wonder if they're trying to figure out the best way to maximize the hype on this new DVC location....like a new IPO...producing a frenzy of buying into the DVC bubble?! I'm signing off now...I need to finish packing!!
More likely they want to get a larger portion of SSR sales completed because it will slow sales dramatically there. It took several years and some hefty promotions to sell out the mop up points at VB and HH competing with VLW & BCV and BWV prior to that. If they announced now, they could likely plan, build and sell out first CR and then AKL and still have SSR left over. I doubt they'll let that happen so once another resort is announced, expect some promotions once sales are underway, similar to we saw with VB & HH. What was the best deal, $15 off, last years points (depending on use year timing) and no additional dues for that year if I recall correctly.
 

Steamboat Bill said:
It is true...the Contemporary Resort DVC will be next at a pre-construction sale of $150 per point, then they will add the Animal Kingdom DVC at $175 per point to cover the cost of extending the monorail to the AK lodge......
and you got this info where?
 
I think that it would make more financial sense for WDW to release a new DVC....trying to wait until SSR is sold out is like beating a dead horse!! They will very likely do better, financially, to get on with a new DVC and go with the demand while there is speculated (I don't know, haven't looked at any surveys or marketing data) high demand for a new resort either at the Contemporary, Hawaii, or AKL wherever rumor has it! SSR sales will pick up dramatically, as those wanting to buy into DVC will always look to get points anywhere that gives them access to the newer, hotter resort, even if you can't book it until 7 months out. Oh! And if they offered new resort points first to existing DVC members as of a future date, don't you think SSR sales would pick up?!!:cloud9:
 
Cinderpals said:
I think that it would make more financial sense for WDW to release a new DVC....trying to wait until SSR is sold out is like beating a dead horse!! They will very likely do better, financially, to get on with a new DVC and go with the demand while there is speculated (I don't know, haven't looked at any surveys or marketing data) high demand for a new resort either at the Contemporary, Hawaii, or AKL wherever rumor has it! SSR sales will pick up dramatically, as those wanting to buy into DVC will always look to get points anywhere that gives them access to the newer, hotter resort, even if you can't book it until 7 months out. Oh! And if they offered new resort points first to existing DVC members as of a future date, don't you think SSR sales would pick up?!!:cloud9:
There's a difference between waiting until SSR is sold out and timing the aspect of a new smaller resort. Even without a new resort on board I'm expecting 2010 or after before it completely sells out. Even a few month delay while they work behind the scenes on planning can mean millions of dollars coming in that might never be realized if they move on. If I recall correctly they had EP staked out and totally planned on paper before they formally announced it. There have been rumors of an Oct announcement but we shall see. Plus, I suspect they're looking at some of the same crews /companies for the construction. Also I suspect 20-30% of SSR sitting there not sold would cost them more than they could ever realize on a CR or AKL project. That's one of the reasons they do these type of projects in phases.
 
Dean said:
There's a difference between waiting until SSR is sold out and timing the aspect of a new smaller resort. Even without a new resort on board I'm expecting 2010 or after before it completely sells out. Even a few month delay while they work behind the scenes on planning can mean millions of dollars coming in that might never be realized if they move on. If I recall correctly they had EP staked out and totally planned on paper before they formally announced it. There have been rumors of an Oct announcement but we shall see. Plus, I suspect they're looking at some of the same crews /companies for the construction. Also I suspect 20-30% of SSR sitting there not sold would cost them more than they could ever realize on a CR or AKL project. That's one of the reasons they do these type of projects in phases.
I don't agree. I think that they are not waiting for SSR sales to begin selling a new DVC. In fact, SSR sales are moving along. They are selling contracts for phases that aren't done yet. So, they are not behind in sales. Plus, their planning another resort is not going to keep "millions" from being made from sales of SSR! An announcement of a new DVC in general has probably more created interest in all DVC resorts in general. I expect a company like Disney, would be professional in it's marketing, building, development of any new addition. It's not like they will be reinventing the wheel. Well, I'll be down there for 28 days beginning tomorrow. I'm going by the DVC sales office to check in to see if my guide still exists!! I'll see what the buzz is... :cloud9:
I
 
Consider all of the potential buyers of DVC with no previous exposure and who do no research prior to signing the contract. Now imagine the two options these people will receive during their presentation:

1) CRV - Close to MK, $??? per point and so on.

2) SSR - Close to DTD and you get a discount of $?? per point, no closing fees (if this rumor is true), and free points. In addition, you can choose to stay at CRV or any other DVC anytime you want.

In addition, there are also those who are educated and buying into the system for the first time. Not all these people are interest in CRV. Then the sales incentives offered for SSR look very enticing.

Will SSR sales slow if they announce CRV? Yes, but they will not stop. SSR will still continue to sell at decent pace.
 
Stitch 03 said:
Consider all of the potential buyers of DVC with no previous exposure and who do no research prior to signing the contract. Now imagine the two options these people will receive during their presentation:

1) CRV - Close to MK, $??? per point and so on.

2) SSR - Close to DTD and you get a discount of $?? per point, no closing fees (if this rumor is true), and free points. In addition, you can choose to stay at CRV or any other DVC anytime you want.

In addition, there are also those who are educated and buying into the system for the first time. Not all these people are interest in CRV. Then the sales incentives offered for SSR look very enticing.

Will SSR sales slow if they announce CRV? Yes, but they will not stop. SSR will still continue to sell at decent pace.

when i bought dvc in july 2000 they had 4 places i could choose from bwv,okw,hh,vb. they had some kind of special at hh a nd vb. they told me all about the okw low maint fees but i chose bwv thats where the presentation was and it looked very nice. i wish i would of got okw for the lower maint fees. with the ease of getting rooms at the 7 month window for basically anywhere except vwl. i should of got okw.
 
Cinderpals said:
I don't agree. I think that they are not waiting for SSR sales to begin selling a new DVC. In fact, SSR sales are moving along. They are selling contracts for phases that aren't done yet. So, they are not behind in sales. Plus, their planning another resort is not going to keep "millions" from being made from sales of SSR! An announcement of a new DVC in general has probably more created interest in all DVC resorts in general. I expect a company like Disney, would be professional in it's marketing, building, development of any new addition. It's not like they will be reinventing the wheel. Well, I'll be down there for 28 days beginning tomorrow. I'm going by the DVC sales office to check in to see if my guide still exists!! I'll see what the buzz is... :cloud9:
I
It's OK to disagree and we do. The info I have suggests that SSR sales are moving more slowly than DVC expected. Any delay in sales caused by a new resort will decrease the profit SSR expects to make. This is a given and DVD has to decide the best balance. All I said was that if they delay any announcement even a few months, they will sell more and make more on SSR. Phased sales are always projected to to done prior to the unit being complete.
 
I do not think that they will build a new DVC resort until SSR has completly sold out. This doesn't mean that they are not planning a new resort.
 
I still believe the next DVC resort will be at Disneyland in California. That way there will be no conflict with SSR. JMO
 
I read that Disney was having issues with the State of California. California requires all time shares to be perpetual. This was the reason why there hasn't been a a DVC resort in California.

Does any one know this to be true?
 
Dis-best said:
I read that Disney was having issues with the State of California. California requires all time shares to be perpetual. This was the reason why there hasn't been a a DVC resort in California.

Does any one know this to be true?
can you tell me what perpetual means? i guess i could look it up and learn a new word
 
Pluto said:
can you tell me what perpetual means? i guess i could look it up and learn a new word

Perpetual as in lasting forever.....DVC contracts have an end date. Many timeshares are actually owned" forever"
 
Dis-best said:
I read that Disney was having issues with the State of California. California requires all time shares to be perpetual. This was the reason why there hasn't been a a DVC resort in California.

Does any one know this to be true?

that is what my guide told me - but people here say that isn't true...

that is why I believe it will be Hawaii.. still a good reason to sell in Ca
 
Dis-best said:
I do not think that they will build a new DVC resort until SSR has completly sold out. This doesn't mean that they are not planning a new resort.
Disney Vacation Development (DVD) won't postpone the start of construction of a new DVC resort at WDW until SSR is completely sold out. If they waited, they would have nothing to sell for around 18 months.

I expect DVD to postpone any announcement as long as they can. But there will be a press release before construction begins and before DVD starts the registration process in all states that allow timeshare sales. There won't be any billboards, mailings, or other advertising until Disney can actually sell points at the new resort.

So the big question is, when will SSR be approximately 18 months away from completely selling out?
 
Dis-best said:
I read that Disney was having issues with the State of California. California requires all time shares to be perpetual. This was the reason why there hasn't been a a DVC resort in California.

Does any one know this to be true?
I can't say whether it's true or not but the only place I've ever heard it is on the boards and not represented as coming from DVC in any way. I find it hard to believe DVC would have gotten as far as they did with the DVC they announced there, and later sold to Marriott, if that was the case. That certainly would have been a many million dollar blunder if true.
 
Dis-best said:
I read that Disney was having issues with the State of California. California requires all time shares to be perpetual. This was the reason why there hasn't been a a DVC resort in California.

Does any one know this to be true?
I believe that this is false.

The only place I've ever read that timeshares in California must be fee simple and perpetual — not with an expiration — is here on the DISboards. So I agree with Dean.

The RiverPointe Napa Valley Resort is a California timeshare resort. I found a TRI West Timeshare resale listing that shows the "right to use" (RTU) period for this resort expires in 2035.

The same TRI West Timeshare resale listing shows other timeshares with leaseholds which expire — the Harbortown Point Resort (2033/48) in Ventura, California, and the Desert Vacation Villas (2009) in Palm Springs California.

[Note: By the time you look at the TRI West Timeshare link, the listings may change.]

Either it's legal for timeshares to expire in California, or other timeshares are breaking the law!
 















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