Contemporary to undergo construction; DVC coming?

[DVCconvert]

Just as an aside to the topic of the thread; I got a call from my guide today, and in that call I said to him I'd happily pay $ 150- $200 per point for a DVC resort in the MK area w/monorail, walking access to the MK, I went on to say I'd heard the rumors about the CR for years but that I wanted him to call me immediately if DVC ever moved forward with this concept.

His response was to send me an email, and asked me to write him exactly what I had said. He comments strongly suggested nothing was off the table, and the more guest comments like might would help this concept to become a reality sooner rather than later.

 

[ArRzrbk]

During my first visit "home" to the BCVs last week, we visited the Contemporary for supper at Chef Mickey's for DS #1's 3rd birthday. I'll have to say, we all agreed we have no desire to stay at the Contemporary.

I hope the rumor's aren't true. I'd much rather see them do DVC at Poly or Grand Floridian, or maybe somewhere else all together. The Contemporary made me feel like I was back at work! It felt like a big office building to all of us.

Sorry guys, just not interested, but time will tell

 

[Dean]

During my first visit "home" to the BCVs last week, we visited the Contemporary for supper at Chef Mickey's for DS #1's 3rd birthday. I'll have to say, we all agreed we have no desire to stay at the Contemporary.

I hope the rumor's aren't true. I'd much rather see them do DVC at Poly or Grand Floridian, or maybe somewhere else all together. The Contemporary made me feel like I was back at work! It felt like a big office building to all of us.

Sorry guys, just not interested, but time will tell

For the monorail resorts it's likely the CR or nothing. I think you'll get your wish of nothing but I know not every one agrees. Personally I agree the CR is not my first choice but it'll be nice to have choices and for others to have choices to free up some of my preferred options with less competition.

 

[wdwstar]

I had got a room at the cont. for db for christmas, he stayed in the north wing, and i was very disappointed with the condition of the room. i am glad i had gotten an AP rate for that room instead of paying the rack rate. well anyways when i was checking him in, we were talking about dvc and the cm had said that the north wing of the cont is going to be refurb soon for dvc members like you, i told the cm i heard that rumor, he said its not a rumor and to keep a close watch for the resort in its new change. He also told us that disney didnt want to spend the money to refurb the entire cont., so disney decided to sell the north wing to dvd. i just figure dvc wouldnt be selling the cont until ssr is very close of selling out and i thought that it would take a few years or so, being a very hugh resort.

 

[tjkraz]

Just as an aside to the topic of the thread; I got a call from my guide today, and in that call I said to him I'd happily pay $ 150- $200 per point for a DVC resort in the MK area w/monorail...

Wow! Have fun with that. Personally, I'll just take my lowly $79 SSR points and book CR at 7 mos whenever it strikes my fancy (which I wouldn't expect to happen often.)

 

[OneMoreTry]

Call me old fashioned, but I love the Contemporary. I guess because of all those times a wide-eyed boy whisked through Uncle Walt's hotel on his way to the Magic Kingdom. When I try to look at it objectively I can see why people would call it ugly. It now seems old fashioned even to me. I know WDW will have to make a major change some day, but it will make me sad.

As for DVC at the Contemporary, I never thought we'd have an AP discount either. I wonder how many points I'd need to stay in a 2BR for a week!!?? If they charge $150 per point and I'd need 500 that would be $75,000. Do you think those points would hold their value?

I guess I'd better start saving up. I may not be able to afford medications when I'm older but I'll be able to stay on the monorail once a year!!

 

[jade1]

During my first visit "home" to the BCVs last week, we visited the Contemporary for supper at Chef Mickey's for DS #1's 3rd birthday. I'll have to say, we all agreed we have no desire to stay at the Contemporary.

I hope the rumor's aren't true. I'd much rather see them do DVC at Poly or Grand Floridian, or maybe somewhere else all together. The Contemporary made me feel like I was back at work! It felt like a big office building to all of us.

Sorry guys, just not interested, but time will tell

I have a feeling most would agree on POLY or GF over CR, but like Doc said if its CR or none of these, I would be happy to see CR DVC.

 

[ArRzrbk]

For the monorail resorts it's likely the CR or nothing. I think you'll get your wish of nothing but I know not every one agrees. Personally I agree the CR is not my first choice but it'll be nice to have choices and for others to have choices to free up some of my preferred options with less competition.

Please don't misunderstand. I know there are lots of folks who love the Contemporary. My best friend is one of those folks, and I don't wish for "nothing," if we can't have Poly or Grand Floridian. If it can't be one of those or another really well themed resort, I hope for all the rest of you to get your wish. And here's some "Disney Magic" in hopes that one of the three of those come through - with a little extra for Poly and Grand Floridian. That's only fair. I'm the one with the wand

​

 

[lenshanem]

No way I'd pay 150 to 200 a point for the Contemporary! I doubt many would... ??? Even as points close in at 100 I think that is pushing it.

 

[DrTomorrow]

Call me old fashioned, but I love the Contemporary. I guess because of all those times a wide-eyed boy whisked through Uncle Walt's hotel on his way to the Magic Kingdom. [...]

Same here; I stayed at the CR (11th floor, MK view !) with my parents when I was 12 (Easter, '73) and have so many fond memories of that trip (E-Tickets! ::hee:: ). And the CR (10th floor, MK view) was the first place we stayed when DW and I took DS to WDW.
However, that being said, the old gal really needs a face-lift. The "cee-ment look of the future" now looks like a parking structure from the 80's - and the addition of the Convention Center didn't help much. There's just no theming, and once you find the 5-legged goat, that's about it. I think that they could do wonders with just some superficial add-ons; look how nicely the "retro sci-fi" looked worked for Tomorrowland. Add some red and purple neon outlining each floor, retro-fy things like elevator doors, lighting, painting and the place could look like a cool "Buck Rogers / Flash Gordon" space port.

 

[calypso*a*go-go]

As for DVC at the Contemporary, I never thought we'd have an AP discount either. I wonder how many points I'd need to stay in a 2BR for a week!!?? If they charge $150 per point and I'd need 500 that would be $75,000. Do you think those points would hold their value?

I guess I'd better start saving up. I may not be able to afford medications when I'm older but I'll be able to stay on the monorail once a year!!

For that price you should just buy a used Monorail off ebay and live in it!

 

[OneMoreTry]

Same here; I stayed at the CR (11th floor, MK view !) with my parents when I was 12 (Easter, '73) and have so many fond memories of that trip (E-Tickets! ::hee:: ). And the CR (10th floor, MK view) was the first place we stayed when DW and I took DS to WDW.

We only dreamed of this! We stayed in one of the few Roach Motels on 192, which was just a bunch of fields back then. Or we just drove up for a 1 day trip. A couple of times we camped at Ft Wilderness.

However, that being said, the old gal really needs a face-lift. The "cee-ment look of the future" now looks like a parking structure from the 80's - and the addition of the Convention Center didn't help much. There's just no theming, and once you find the 5-legged goat, that's about it. I think that they could do wonders with just some superficial add-ons; look how nicely the "retro sci-fi" looked worked for Tomorrowland. Add some red and purple neon outlining each floor, retro-fy things like elevator doors, lighting, painting and the place could look like a cool "Buck Rogers / Flash Gordon" space port

I think they could do something to make it look futuristic again. I think this should be a priority for WDW.

 

[cpbjgc]

I was surprised that a link to this story had not shown up in the thread:

http://www.jimhillmedia.com/mb/articles/showarticle.php?ID=1393

Check out the answer to the first question.

Rumours rumours everywhere!

 

[jade1]

I was surprised that a link to this story had not shown up in the thread:

http://www.jimhillmedia.com/mb/articles/showarticle.php?ID=1393

Check out the answer to the first question.

Rumours rumours everywhere!

Nice link. I tell ya I hope its true, maybe not the greatest Hotel but what a great occasional location that would be. I think we would add on for XMAS/NY ressies (imagine the fireworks show from your room, or how easy walking home from MK afterwards).

 

[megrod74]

I would love an add-on at the Contemporary but NO WAY would I pay $175-200 per point. If Disney thinks enough people will, that's what they'll ask. Can't we work our way up?

 

[lllovell]

It soooo doesn't appeal to me, but maybe enough people will buy add-ons that I will be able to have more options at the other resorts at 7 months

 

[DVCconvert]

tjkraz posted:

Wow! Have fun with that. Personally, I'll just take my lowly $79 SSR points

Thanks! I will if given the opportunity! Basically, the way I see it is that back in in '92 if Disney floated a "deluxe" DVC resort at $ 79 the same number of people would have said "Wow!", and "no way!" then too.

Those that can pay the price, and have the desire will. Those that can't or don't, won't. Isn't American wonderful?

 

[tjkraz]

It's probably a moot point anyway since I doubt DVC will be able to price gouge us, even for something like the Contemporary.

I'm putting on my finance hat here, which admittedly I don't wear very often. Most people who do any sort of breakeven analysis on their DVC purchase (with reasonable assumptions of the future) will probably find a breakeven point in the neighborhood of 8 years when compared to resort cash rates. My guess is that this is about the upper limit of what most potential owners will accept.

The fairly steep DVC price increases that have been witnessed in years past may end up being more of a correction than a forecast of what is to come.

My guess is that DVC price increases will closely mirror WDW rack rate increase levels as time goes on. This has less to do with whether they are selling points at SSR, Contemporary or the All-Stars ( ), but more to do with the economics of the purchase. The lone 2004 price increase was a little over 6% (from $89 to 95). The pending '05 increase is about 3% ($95 to 98.)

Let's say they go forward with the Contemporary and that the resort opens in about 5 years. It's reasonable to assume that they will keep the 2054 ending date from SSR (as they did with the 5 resorts built after OKW). CR owners may only get about 44 years' worth of use from their points. If the breakeven point on the initial investment were to creep up toward 10-12-15 years...the DVC concept becomes irrelevant to the buyer. You'd be better off putting your cash into an interest-bearing annuity, and using the proceeds to pay for your trips.

Some would certainly argue that the attraction of points at the Contemporary would cause DVC to throw the rules out the window. That certainly could happen. But, IMO, if they do rewrite the rules for the CR, it's more likely to be evident in the point chart than the point purchase cost. If a single night at the CR costs 10-15% more points than at BCV, that will also impact the total breakeven since you get less value from each point used (at least when used at the CR.)

A higher point chart would probably be a very good thing as it would help balance demand (much as the higher point weekends reportedly do at current resorts), but that's a topic for another thread.

 

[spiceycat]

I would expect it to be around $110 - not much more.

the demand for the COnt is not that great - there is more demand for the BC...

however the construction cost will be great - especially with the Tower so close.

I don't think the Tower will be converted - however - Vero beach basically has hotel rooms - so maybe the Tower will become part of DVC as hotels rooms with microwave and under the counter refrigerator. but then the Tower would be less points than the wings....that would definitely be a BARGIN....

it would be great - the BC and BW for EPcot and Studios, and the VWL and Cont for the magic kingdom.

I would prefer the Polyn - but the Polyn doesn't need the people - the Cont does.

there was a time when I though the Polyn would never allow a DVC on their property - but with WDW valuing DVC owners more (we finally got an annual pass discount) - then who knows - their may be hope there too!!!

 

[DrTomorrow]

I agree with Mr Finance Hat tjkraz, with one caveat. I think that there are enough folks with enough $$$ to make a small-sized VCR sell-out fairly quickly (I also think that there are a lot of people who will buy into DVC without 'running the numbers'). That's why I asked on the Monorail Resort thread what the size of a VCR would be. If it's 400-600 rooms (doubtful), that'd be a tough sell if they charged a much higher rate. But if they do a VWL-sized offering - say, 3 floors, 40 villas/floor - they could probably charge a premium for "exclusivity". Woe betide we 7-monthers, though....

Be well!