DVC currently selling

[gaudioli]

Hi all...I'm just starting my research into possibly buying in...i see Disney usually sells the 2-3 newest resorts...which are they? I'm sure PVB is 1 but what are the others?

TIA

 

[jani3]

Aulani

 

[erionm]

DVD is currently actively marketing (and selling) Aulani & PVB. All other DVC resorts are officially "sold out" and DVD will sell points if they have them available. There are several "sold out" resorts that they have stopped adding names to the wait list to purchase points.

 

[coastalhh]

Check out the resale site's. Type in dvc resales into google.

You can get around 50% to 30% off depending on resort when buying on the resale market.

 

[gaudioli]

are there plans of any additional ones being built? Not opposed to resale, at this point weighing the pros and cons of both. Planning a visit in Feb and hoping to have made my decision by then if I choose to buy direct I will do it then.

 

[coastalhh]

The next will be wilderness lodge has been filed for an expansion. It's already Dvc but it will be more rooms and apparently some "bungalow like" cabins.

After that it's all just rumors but the river country land by fort wilderness campground has been rumored for years as well as another Disneyland west coast property. Neither of those would be ready to buy for years

 

[gaudioli]

hummm so since i'm new to all this...do they sell before the expansion is complete? I wonder if it would be sometime in the next year or so?

 

[dizfan]

At this point, no one knows if the WL expansion will be part of the existing VWL or a separate association.
They likely will not be selling points for this new construction/conversion during 2016. Guesses range from 2017 or maybe 2018.

 

[supersnoop]

At this point, no one knows if the WL expansion will be part of the existing VWL or a separate association.
They likely will not be selling points for this new construction/conversion during 2016. Guesses range from 2017 or maybe 2018.

I'm not sure there's definitive proof that it's a DVC project. We know that the development plans have been filed, but I don't know that those plans are directly linked to DVC yet.

 

[dizfan]

I'm not sure there's definitive proof that it's a DVC project. We know that the development plans have been filed, but I don't know that those plans are directly linked to DVC yet.

Very good point.

Rumors circulated of the cabins and conversions being built for DVC before any documents were filed. However, you are absolutely correct those rumors could be false or Disney could change their mind. On the other hand, the timing of this construction does fit the approximate time line for when they will need more points.

They will likely want another WDW DVC finished before PVB sells out. PVB seems on pace for 2018. Much can change. Could be slower, could be faster. Next year, Disney's "Moana" comes to theatres (Polynesian Princess movie).

If the WL cabins/room construction isn't for DVC, they either stop selling WDW DVC around end of 2018 or need to start work on another construction project very, very soon.

 

[coastalhh]

Very good point.

Rumors circulated of the cabins and conversions being built for DVC before any documents were filed. However, you are absolutely correct those rumors could be false or Disney could change their mind. On the other hand, the timing of this construction does fit the approximate time line for when they will need more points.

They will likely want another WDW DVC finished before PVB sells out. PVB seems on pace for 2018. Much can change. Could be slower, could be faster. Next year, Disney's "Moana" comes to theatres (Polynesian Princess movie).

If the WL cabins/room construction isn't for DVC, they either stop selling WDW DVC around end of 2018 or need to start work on another construction project very, very soon.

They have enough points out there they could survive a few years without a new property imo. Aulani is only half sold and they could ROFR and seize defaults to fill in the rest. I personally wouldn't mind another non disney location like NYC

 

[dizfan]

They have enough points out there they could survive a few years without a new property imo. Aulani is only half sold and they could ROFR and seize defaults to fill in the rest. I personally wouldn't mind another non disney location like NYC

There are points coming back from foreclosures and people walking away each month, but based on reports of VGF, BCV, and BLT not allowing new people to the buy wait list, they can't keep up with demand for those properties.

Disney would need to receive over 100,000 points back each month to match what they sell for a new resort. New resort costs them to build (or even less to convert existing hotel rooms) ROFR would cost them around $100/pt to be able to sell again. On top of that, if they ROFR'd for a few month at that level, resale prices would rise rapidly. From a shareholder perspective, a new resort seems to be the more profitable option.

Maybe one day, DVC will expand in NYC. Over the years, many have posted that they would like it. Key is how many are willing to buy/add-on, what they will pay, and how much it would cost Disney. All WDW property was paid for a long, long time ago so it's essentially free. Very easy for Disney to make a profit for shareholders.

Being a public company, Disney answers to shareholders. We (all DVC owners) gave them our money and are now along for the ride.

 

[chalee94]

I personally wouldn't mind another non disney location like NYC

that was kind of the thinking that seems to be tanking aulani. lots of people like the idea of having the option to go to a DVC resort in hawaii, but not many want to go to hawaii most every year (which would have to be the real justification for a new non-park resort.)

 

[coastalhh]

that was kind of the thinking that seems to be tanking aulani. lots of people like the idea of having the option to go to a DVC resort in hawaii, but not many want to go to hawaii most every year (which would have to be the real justification for a new non-park resort.)

I agree to an extent. But Hawaii is a once or twice lifetime trip for the average east coast person. (Or at minimum once a twice every 10 years). So there is no reason for any east coaster to own there IMO.

If it's a nice destination that many east coasters can drive to and year around potential I think it could do well. Like the Florida Keys, New York City etc..

Aulani will certainly make them think twice before doing another one but sooner or later the entire thing gets over done just for WdW. I hope they at least focus on California / Disneyland soon.

 

[JimMIA]

I agree to an extent. But Hawaii is a once or twice lifetime trip for the average east coast person. (Or at minimum once a twice every 10 years). So there is no reason for any east coaster to own there IMO.

If it's a nice destination that many east coasters can drive to and year around potential I think it could do well. Like the Florida Keys, New York City etc..

The Florida Keys are not a very target-rich environment. There aren't many timeshares there DVC could acquire, and building new projects in the Keys is really difficult and really expensive. Southwest Florida, from the Tampa Bay area down to Marco Island, might be possible (and better than the Keys).

But I think there is a BIG question how well DVC can compete with the larger companies like Hilton, Marriott, Sheraton (Starwood), and Wyndham in venues away from WDW. Those companies have a wide variety of resorts, in both urban and vacation destinations, and that makes them tough to go up against.

Nobody beats DVC for WDW; but when you don't have that unique WDW onsite advantage, it's hard to compete with only 12 resorts vs 100 or more.

DVC didn't do well at Vero Beach, and only built part of what they'd planned. I'm not sure how they've done at Hilton Head, compared to others or to their own internal metrics. VGF is a very small property. And Aulani has bombed, apparently. (And I'm not sure about this, but I think the Marriott next door to Aulani bombed as well and was sold by Marriott.)

You may also remember that DVC considered building a resort at National Harbour, just outside D.C., and then decided against it. For DVC's family demographic, Washington would seem to be an ideal location -- great place to take the kids other than WDW. But they didn't jump in. Wyndham did and is doing well, and it's certainly possible that Wyndham is why DVC bailed out.

To me, the opportunities for DVC are mostly expansions at WDW and DL.

 

[JimMIA]

that was kind of the thinking that seems to be tanking aulani. lots of people like the idea of having the option to go to a DVC resort in hawaii, but not many want to go to hawaii most every year (which would have to be the real justification for a new non-park resort.)

Charles makes THE critical point here. There is a huge difference between where we might like to GO...and where we would actually BUY.

 

[4 mickey]

Ohh two of my friends wants to buy into grand floridian after trying ours :-(
They fell in love with VGF and want only there ( lolll who can blame them right I just love my VGF contract )
So only option is resale ?
Thanks

 

[carissa1970]

I am curious about the comments that Aulani tanked or bombed. What do you mean, and how do you know? Not being critical in any way...i really do want to know! I own there, and there seems to be tons of threads on here about how amazing it is. I havent heard one thing about it not being a good resort move until this thread.

 

[chalee94]

saying it tanked and saying it's amazing are not contradictory.

the DVC execs in charge at the time of building aulani got terminated in something of a minor scandal. disney intended to sell significant chunks of aulani pts to the japanese but the tsunami and struggles of the japanese economy have almost certainly meant they have not hit those targets. getting firm numbers to evaluate the sales for aulani is pretty tough but aulani has already been selling for about 5 years now and dvcnews projects it will likely not sell out for another 10 years from now. even for a fairly large resort, that is a LOOONNG time.

a good offsite resort would draw demand consistently and be booked up at over 95% - a poor choice will mean more aulani owners crowding to use their pts at wdw rather than pay airfares to hawaii. i have read that aulani has rented rooms to locals for 80% off the rack rate - that's not going to go far in keeping the annual dues reasonable for aulani owners going forward.

VB is a nice resort - but it was originally intended to be larger. demand didn't show up and they cut the size of the final resort. demand for VB rooms is high in the summer but from what i understand, it simply doesn't have year-round demand like the wdw resorts do.

aulani sounds like a really great resort from what i've heard...but to the extent that it takes forever to sell out and doesn't balance demand between other DVC owners actually trading to aulani and aulani owners trading to wdw, then it will not encourage disney to take another chance at building an offsite resort.

 

[JWG]

Interesting to me that Disney can't figure out the non-park resorts. Wyndham, Marriott and others seem to. We'd love more non-park options. We did Aulani in December of 2013 and loved it.