First Look at Room Layouts for Poly Tower

[Sandisw]

The original PVB plans had the separate building that would have the 1 & 2BR's etc. I don't know it can be concluded that finally implementing that second building means it will be separate. It's still pretty much in line with what PVB was originally going to have.

Did the original plans have more studios though?

I remember there being speculation about it but not it being officially announced?

I can’t remember.

 

[CarolynFH]

a complete overhaul of an entire building

Actually, they didn't do much more than a soft goods refurb - just closed in some internal walls and doorways to turn a few suites into studios, then redecorated the studios to look a lot like the refurbished GF resort rooms, just different colors and with microwave ovens (and toasters by request). That's why they call them Resort Studios, because they're essentially resort rooms that belong to DVC. Someone even pointed out that when the GF resort building next door was refurbished, the stairways were repaired and improved there more than they were in BPK.

That cost a lot, lot less than tearing down Luau Cove, relocating the huge tree, site preparation including installing modern water, sewer and electrical utilities, and constructing a multistory building from the ground up, not to mention a pool. I just don't see how existing Poly1 dues (Capital Reserves) could cover enough of that to make it profitable for DVD. DVD needs to sell as many direct points as they can!

 

[Sandisw]

Not disagreeing because I have no clue, but isn’t that exactly what they did at grand Floridian? I know it wasn’t brand new construction but still a complete overhaul of an entire building and then added to an existing dvc association. Didn’t seem to make their dues increase anything substantial and previous owners were allowed to book the new rooms at 11 months and new owners allowed to book the previous categories? As for Dues, they are for maintaining properties and outlined for us yearly. All costs for poly 2 construction or refurb of the building at grand flo would be covered by direct sales and have nothing to do with dues unless I’m misunderstanding what you’re saying.

The cost to renovate BPK was minimal…it took like 2 to 3 months.

So, in that respect, the sales price for BPK will have more than covered the conversion costs.

The development cost of the tower is so much more that I don’t see them as the same.

 

[Rick195275]

The cost to renovate BPK was minimal…it took like 2 to 3 months.

So, in that respect, the sales price for BPK will have more than covered the conversion costs.

The development cost of the tower is so much more that I don’t see them as the same.

Actually, they didn't do much more than a soft goods refurb - just closed in some internal walls and doorways to turn a few suites into studios, then redecorated the studios to look a lot like the refurbished GF resort rooms, just different colors and with microwave ovens (and toasters by request). That's why they call them Resort Studios, because they're essentially resort rooms that belong to DVC. Someone even pointed out that when the GF resort building next door was refurbished, the stairways were repaired and improved there more than they were in BPK.

That cost a lot, lot less than tearing down Luau Cove, relocating the huge tree, site preparation including installing modern water, sewer and electrical utilities, and constructing a multistory building from the ground up, not to mention a pool. I just don't see how existing Poly1 dues (Capital Reserves) could cover enough of that to make it profitable for DVD. DVD needs to sell as many direct points as they can!

I clearly overstated the Grand flo refurbishment, I didn’t realize it was that minor but it makes sense based on what you’re saying, I still feel like I must be missing something on this dues conversation. The money for the new construction is covered by the points sold for the resort, this is always the case, no? Dues are exactly that, money paid towards the resort upkeep and outlined in detail for us if we care to look. I‘ll be honest, I’ve “only” owned 8 years, so relatively new owner in the grand scheme of things, am far from an expert and have only ever briefly skimmed my dues each year lol so it’s entirely possible I’m way off base but that was my understanding of resort sales and dues. And I’m really not getting the part I bolded? They will sell the same number of points no matter if it’s a new association or added to poly 1?
And a general question for the actual purpose of this thread lol. I am not great at deciphering what those plans actually mean, for the regular studios, not the 2 person single pull down, how many beds are there? Meaning will it sleep 4 or 5? And is there 1 bathroom or 1.5 like the poly 1 current studios? Focus of the articles seemed to be every other room type haha

 

[CarolynFH]

I clearly overstated the Grand flo refurbishment, I didn’t realize it was that minor but it makes sense based on what you’re saying, I still feel like I must be missing something on this dues conversation. The money for the new construction is covered by the points sold for the resort, this is always the case, no? Dues are exactly that, money paid towards the resort upkeep and outlined in detail for us if we care to look. I‘ll be honest, I’ve “only” owned 8 years, so relatively new owner in the grand scheme of things, am far from an expert and have only ever briefly skimmed my dues each year lol so it’s entirely possible I’m way off base but that was my understanding of resort sales and dues. And I’m really not getting the part I bolded? They will sell the same number of points no matter if it’s a new association or added to poly 1?
And a general question for the actual purpose of this thread lol. I am not great at deciphering what those plans actually mean, for the regular studios, not the 2 person single pull down, how many beds are there? Meaning will it sleep 4 or 5? And is there 1 bathroom or 1.5 like the poly 1 current studios? Focus of the articles seemed to be every other room type haha

Well, I really don't think they could use dues, which are legally designated for operations and maintenance, to cover any part of construction costs.

But I can't see how giving millions of Poly1 points immediate 11-month booking privileges and ownership of the new building would work. Wouldn't DVD want to sell someone the full number of points needed to stay in a 1/2BR instead of only the incremental number of points they needed to make up the difference between staying in a Poly1 studio and a Poly2 1/2BR? And, how much of the new building would DVD have to declare into the condominium immediately, to allow existing Poly1 owners plus the completely new buyers to have availability?

 

[wdw4rfam]

Duo studio confirmed. Full modern range of rooms highly suggests second/separate association for the towers, in my opinion.

I hope you are right. As a current owner, I want it separate. It’s getting harder to get during high travel times if we don’t book at 11 months. Everyone knows studios are hardest to get- so we don’t need anyone else fighting for our studios when the small number they put over there are full. I have zero interest in that tower. That is NOT the Polynesian we fell in love with and bought in to. I totally get why people would be interested- im sure it will be nice. It’s just not for me. So I personally hope you are right.

 

[bbeagle]

I can't see how giving millions of Poly1 points immediate 11-month booking privileges and ownership of the new building would work. Wouldn't DVD want to sell someone the full number of points needed to stay in a 1/2BR instead of only the incremental number of points they needed to make up the difference between staying in a Poly1 studio and a Poly2 1/2BR? And, how much of the new building would DVD have to declare into the condominium immediately, to allow existing Poly1 owners plus the completely new buyers to have availability?

In the case of the same association,

Poly1 sold points have already 'unlocked' the first part of Poly. You’d have to sell new Poly points to start 'unlocking' the second part of Poly (the tower).

Zero rooms of the tower would have to be allocated immediately.

Old Poly and new Poly points would have the same priority over both old Poly and new Poly buildings on day 1 that the tower is available to be booked. The tower would have limited availability to book initially in either case - same association or not.

 

[Jwaire]

And, how much of the new building would DVD have to declare into the condominium immediately, to allow existing Poly1 owners plus the completely new buyers to have availability?

I totally agree with you on new association, but just for the record, they were pretty liberal with Riviera units.

They had the same problem with direct members booking RIV in the first few months anyway. It wasn't owners booking the units, it was existing members booking.

If you scheduled your "Welcome Home" visit through Member Services, they would convert cash inventory for you if there wasn't DVC inventory. I'm sure they'll do the same for Poly Tower.

https://dvcnews.com/index.php?optio...are-association&catid=158:riviera-resort-news

 

[Rick195275]

Well, I really don't think they could use dues, which are legally designated for operations and maintenance, to cover any part of construction costs.

But I can't see how giving millions of Poly1 points immediate 11-month booking privileges and ownership of the new building would work. Wouldn't DVD want to sell someone the full number of points needed to stay in a 1/2BR instead of only the incremental number of points they needed to make up the difference between staying in a Poly1 studio and a Poly2 1/2BR? And, how much of the new building would DVD have to declare into the condominium immediately, to allow existing Poly1 owners plus the completely new buyers to have availability?

I’m not understanding what DVD selling the full amount of points has to do with anything? A poly 1 owner booking poly 2 doesn’t some how make it so they can’t sell the full amount of points to someone? You’ve lost me even more lol but that’s ok. Like I said I don’t even disagree with you, I’m just not following the reasoning. The only real reasons I see for DVD to create a separate association is so they can impose restrictions on it. In the end they will do whatever they think makes the most sense for them from a business perspective, meaning whatever they see will make them the most money.

 

[emchen]

I totally agree with you on new association, but just for the record, they were pretty liberal with Riviera units.

They had the same problem with direct members booking RIV in the first few months anyway. It wasn't owners booking the units, it was existing members booking.

If you scheduled your "Welcome Home" visit through Member Services, they would convert cash inventory for you if there wasn't DVC inventory. I'm sure they'll do the same for Poly Tower.

https://dvcnews.com/index.php?optio...are-association&catid=158:riviera-resort-news

They mitigated this for VDH by closing online booking and requiring VDH owners to book by phone for the first three months after opening sales. Now it’s normal booking 11- and 7-mo windows.

 

[CarolynFH]

I totally agree with you on new association, but just for the record, they were pretty liberal with Riviera units.

They had the same problem with direct members booking RIV in the first few months anyway. It wasn't owners booking the units, it was existing members booking.

Yes, but those pre-existing direct members couldn’t book until 7 months, while the RIV buyers could book at 11 months. If Poly2 is rolled into the same condo association, thousands of Poly1 owners will immediately have 11 month booking privileges. How much of the new building will DVD have to declare into the association to allow both old owners and new buyers adequate access?

If you scheduled your "Welcome Home" visit through Member Services, they would convert cash inventory for you if there wasn't DVC inventory. I'm sure they'll do the same for Poly Tower.

Will DVD want to give up its undeclared inventory so that new buyers can book, instead of earning cash by renting out that undeclared inventory?

https://dvcnews.com/index.php?option=com_content&view=article&id=4407:first-riviera-rooms-declared-into-timeshare-association&catid=158:riviera-resort-news

 

[EYL]

Add on top of that, we owners generally see substantial dues increases whenever a soft or hard refurb is done on a resort. Imagine the dues increase to cover the construction of a new tower! If I were a PVB owner, I would be praying against it being in the same association.

I'm praying against it being the same association, but for a different reason. I like PVB as it is - point charts are fine with me and in a great location right next to the TTC. Not to mention the direct views of the fireworks/MK. I really don't want competition from the new points at 11 months.

 

[CarolynFH]

Trying to clarify my thoughts while watching football doesn’t work! Let’s try this: DVD needs to sell direct points to pay for construction of the building. Allowing existing Poly1 owners immediate ownership rights at the new building does not bring in any revenue toward paying for those construction costs. it simply complicates inventory issues for 11 month bookings.

 

[KAT4DISNEY]

Imagine the dues increase to cover the construction of a new tower! If I were a PVB owner,

That's not how it works so existing PVB owners would be ok.

 

[KAT4DISNEY]

Did the original plans have more studios though?

I remember there being speculation about it but not it being officially announced?

I can’t remember.

I'm not 100% certain but I believe it did.

 

[TheDailyMoo]

The back and forth conversation about the poly tower is reminiscent of Waiting For Godot.

 

[emchen]

That's not how it works so existing PVB owners would be ok.

Ok. What @CarolynFH said above after watching football .

So they (PVB owners) don’t have skin in the game and immediately get 11-mo booking window (DVD decision makers perspective). An argument could be made that existing PVB owners would be getting something for nothing. Disney doesn’t do pixie dusting on an industrial scale.

The back and forth conversation about the poly tower is reminiscent of Waiting For Godot.

Shall we move? @TheDailyMoo: Yes, let us move.

[They do not move.]

 

[TheDailyMoo]

Ok. What @CarolynFH said above after watching football .

So they (PVB owners) don’t have skin in the game and immediately get 11-mo booking window (DVD decision makers perspective). An argument could be made that existing PVB owners would be getting something for nothing. Disney doesn’t do pixie dusting on an industrial scale.

Shall we move? @TheDailyMoo: Yes, let us move.

[They do not move.]

“Let's go." "We can't." "Why not?" "We're waiting for Poly2”

 

[Sandisw]

Ok. What @CarolynFH said above after watching football .

So they (PVB owners) don’t have skin in the game and immediately get 11-mo booking window (DVD decision makers perspective). An argument could be made that existing PVB owners would be getting something for nothing. Disney doesn’t do pixie dusting on an industrial scale.

Shall we move? @TheDailyMoo: Yes, let us move.

[They do not move.]

Construction costs are not passed on..those are covered via sale.

But, the operation of the resort and the capital reserves budget will be increased to account for larger rooms now if they are combined.

The other piece is shared expenses. If it’s only one association, they woulf now have a larger share of the occupancy at the resort.

That could mean a higher rate for shared expenses. Granted there are more points, but their is bound to be some impact.

 

[bbeagle]

DVD needs to sell direct points to pay for construction of the building. Allowing existing Poly1 owners immediate ownership rights at the new building does not bring in any revenue toward paying for those construction costs. it simply complicates inventory issues for 11 month bookings.

if it’s the same association, and nobody buys into the new tower, NOBODY will have access to the new tower. NO units will be allocated to DVC at the tower. All the units will be cash only.

Say the tower opens on December 1, 2024…. all 270 units are not a 'gift' to current poly owners. Only a portion of the units that were sold under the new poly will be given access. Say 10% of the new poly points were sold up until that point…. 27 units per night would be available through DVC. So, old poly and new poly owners could book one of the 360 old poly studios, or one of 27 of the new tower units.

Buying a 'new' poly contract would not give any preference over the tower, just the same preference as existing poly owners.

Yes, it would be hard to book the tower being a 'new' poly owner. But that would be exactly the case for say the Disneyland DVC tower. When online bookings opened - less than 7 months before the opening, ALL direct DVC owners could book. In fact, as a poly owner, I was able to snatch up the only Disneyland tower room available on certain nights of a certain room type. Disneyland tower DVC owners did not get preferred access. Many more rooms of that room type are still available for the dates I booked, but must be booked with cash, not DVC.