Could DVC be sold? And if yes, what could happen?

[lenshanem]

Be careful KNWVIKING, Nick called me a DIS "legend" for my fabulous typing skills just the other day on the CB.

 

[BWVDee]

Originally posted by KNWVIKING
oN ,of ocurse ont Shan.

No, of course not Shan.

Now, this one is aimed at you! LOL!

 

[KNWVIKING]

***"It was totally unrelated to anything but I do believe it was aimed in my direction."***

IT WASN'T AIMED AT ANYONE !!!!

It was a factitious reason for why someone would chose DVC. Nothing more, nothing less.

 

[lenshanem]

Well, regardless I'd imagine this will really hurt the resales??? Do you think it wodul be the value goes down so much that it wodul be pointless to even try to sell? I wonder if resales are stagnant right now due to this news of comcast?

Let's face it, we paid the higher price and dues because we all believed Disney was a safe bet. I know I would have never have bought a timeshare anywhere else. My Dad is in the hotel business for one and can get me discounts. If Marriott buys this will be a really stupid purchase for me. Plus, we're still paying on the loan. Bad, bad me.

So KNWVIKING, do you really think they can't open us up to their system? Still keep us on our poinst for our proirity window, but after that we open game? Our poinst wodul have to work with their resorts after that. Like an exchnage? In tat case, my theory about rooms being booked up after our window by Mariott owners coudl be a posibilty?

Oh, and I was just teasing about the spelling. Unfortunately, the computer doesn't quite always get the right sentiments across...

 

[BWVDee]

Originally posted by KNWVIKING
Marriott would have to scrape our entire points structure in order to allow there members into system. It would be like DVC continueing to sell points at a sold out resort. DVD/DVC filed a timeshare statement with the state of Florida. Marriott cannot change the entire premise of that statement simply because they are the new owners.

DVC will just be incorporated into the resorts that are in their existing point system resorts. The same home resort priority would be in place for both Marriott/Hilton and DVC members. When the 7 month window (or whatever time frame is used) all the resorts would open for members to trade in. Marriott/Hilton resorts and DVC resorts. Maybe I am seriously missing something here but it seems like it would be very easy for Marriott/Hilton to incorporate us into their structure. We would just have to get used to the ridiculous high point numbers they deal in. For example what 300 pts at DVC gets you at Mariott/Hilton the same thing would be like 25,000 pts.
I do not have any stats but I would be willing to bet Marriott/Hilton have bought out quite a few existing timeshares and have converted them over to their point system without a problem. They are most likely old hands at this.

 

[lenshanem]

http://www.vacationclub.com

Here's their site if anyoen is interested...
I'm gonna go see if I can find out more about their points system.

Coudl Dean help us out here?

OH, DEAN, OH, DEAN...

 

[Nick@ VB+OKW]

Originally posted by lenshanem
Be careful KNWVIKING, Nick called me a DIS "legend" for my fabulous typing skills just the other day on the CB.

 

[lenshanem]

Now that is a smilie I like!

 

[Chuck S]

Shan, I don't think Marriott or any new DVC Management could actually change our point system. What they could do is say that each DVC point is worth X Marriott points for Marriott trades.

Another thing we could lose, it the 11/7 window. It could be reduced to 11/10.

Overall, if Marriott were to become the DVC management, it may not be the end of the world. They do keep up their properties well, and we would still have rights at out home resorts. It may not be as easy to trade to other DVC properties, though.

My preference, of course, would be to leave things basically as they are. I really think all of this is speculation. I doubt Comcast will succeed, unless some HUGE stockholders agree to sell on their terms.

 

[lenshanem]

Any thoughts about my prevois question -
"I wonder if you owned at BCV, but BC was sold off (or vice versa), wodul BCV owners still be able to use SAB? Isn't that in our contract?"

 

[KNWVIKING]

..... this is my understanding of our points:

DVC has told Florida that there will be X number of points issued for Y number of rooms. Those points will represent Z number of owners who at sometime during their use year are virtually guarantee'd a place to stay - maybe not at your home resort, but at least at a DVC resort.

Now Marriott buys us. They can't go to Florida and say "OK, now we want to add 100,000 members, but we're not going to proved additional rooms". Aint going to happen. They would be in breach of our contracts.

 

[KNWVIKING]

***""I wonder if you owned at BCV, but BC was sold off (or vice versa), wodul BCV owners still be able to use SAB? Isn't that in our contract?"***

Without going thru the trouble of digging out my paperwork, I'll go out on a limb and say "Yes,it's in our contract". They would not be able to take away SAB no differently then they could decide to replace the unit furnishings with cheap crap rather then the high quality items we bought from day one.

 

[littlestar]

Shan, I'm pretty sure I read where Storm-a-long Bay (the feature pool) is in the documents for BCV owners. I'll have to dig my paperwork out.

I can't really see Marriott buying DVC, but they sure have some gorgeous properties. A few that come to mind are Grande Ocean on Hilton Head and a spectacular property on Maui that I fell in love with! They also have a new property on Oahu that I would love to stay at. I'll just hold my breath for the next few weeks before that stock meeting takes place and hope for the best.

The idea of Comcast owning DVC or Walt Disney World turns my stomach. I just haven't been that impressed with Comcast (yes, I write a check to them every month for cable and my bill seems to go up every six months). If my husband could stop watching sports, I would cancel Comcast. I would feel better if Disney would buy Comcast. ha I guess if Comcast did buy Disney and totally ruined it, I would spit on my cable bill and call the dish company!

 

[HookdonWDW]

Although it doesn't say SAB by name, it does give a dimensional description of SAB, and guarantee access to that. So, unless they want to build a replica of SAB for BCV owners, they have to grant access.

 

[BWVDee]

Originally posted by KNWVIKING
..... this is my understanding of our points:

DVC has told Florida that there will be X number of points issued for Y number of rooms. Those points will represent Z number of owners who at sometime during their use year are virtually guarantee'd a place to stay - maybe not at your home resort, but at least at a DVC resort.

Now Marriott buys us. They can't go to Florida and say "OK, now we want to add 100,000 members, but we're not going to proved additional rooms". Aint going to happen. They would be in breach of our contracts.

But Marriott is not adding any more members who do not have rooms. Marriott members already have rooms or a timeshare ownership in their resorts just as DVC members have a timeshare ownership in their resort.
The rooms are already there on both sides to cover the points. DVC resorts would just be incorporated into Marriott as other resorts under their ownership.

 

[JimC]

Nick -- I believe that is one of your best !!!

 

[KNWVIKING]

***But Marriott is not adding any more members who do not have rooms. Marriott members already have rooms or a timeshare ownership in their resorts just as DVC members have a timeshare ownership in their resort.***

But it still boils down to our contracts with the DVC. I didn't buy DVC because I wanted to stay at a Marriott in Aspen. If I can't use my DVC resorts in the manner that my contract allows, then Marriott will be liable. I have reasonable expectations of being able to use the 11/7 month windows in order to vacation the way I'm accustomed to, every year till 2042. A buy out by Marriott should not be allowed to change that.

 

[BWVDee]

I hate to say it, but a buy out by anyone could very easily result in changes. We are assured of having X amount of usuage in a timeshare unit, either at our home resort or at another that we are able to trade into. That's all we are assured of. As far as the booking windows, etc., they are at the discretion of whomever owns the timeshare.

 

[lenshanem]

I have to agree with BWVDee on this. From what i understand those booking windows can be atken away just as much as our ability to book at other DVC resorts other than our home resort. Thus, my worry that if Marriott owns us if we don't book at our first window, then everything at WDW coudl be filled almost immediately due to their owners filling up our rooms.

As far as Marriott goes KNWVIKING, they ahve the rooms to trade for, just as trading works for BCv to VWL, etc. So I imagine they coudl work DVc into their system of timeshares. I'm sure they've probbaly done thsi already with others?

And I asked this on the other rumor board related thread that I mentioned earlier - Is this Marriott thing somthing that was started on the DIS or has there actually been rumors floating around WDW?


littlestar - I sent you a pm foever ago and it shows as unread. I was curious how the VWL add on waitlist was panning out? Course, are you even interested to add on with what all si going on now?

 

[Chuck S]

Shan, I don't think the Marriott rumor is running around WDW. It is speculation for several reasons.

1) Marriott bought and developed the Newport Beach property that was originally supposed to be a DVC resort.

2) Marriott runs a timeshare at a Disney resort abroad.

3) Marriott is a quality, experienced timeshare management group for upscale deluxe properties as well as a hotel management company, so they would be a logical choice if management of DVC and Disney resorts were to be sold/contracted out.

4) Selling of the Resort division would be a quick way to raise capital for Disney Company if the need arises.

5) Comcast has no experience running hotels.

Comcast is in a "hostile takeover" position. That means that they must convince a majority of large stockholders to sell to them on the terms of their offer. IMO that is unlikely. Eisner opposes the takeover, Comcast sees an opportunity and is trying to take advantage of the current situation between Roy and Eisner. Be careful what you wish for......