Ft. Wilderness Cabins becoming DVC?

[Sandisw]

But wouldn't they have to maintain the same "actual" points in the resort they pulled from. So if they added 500k points from Poly Tower, they could never book more than 500k Poly Tower points in a year, because otherwise they would be taking away from deeded owners, whose own contracts guarantee them their points in a given year. Like, the trust could create whatever point charts they wanted, but they'd still have to be beholden to the restrictions of point usage of the resorts they took them from in order to not violate the contracts of existing (deeded) owners.

I imagine, though, that if a deeded owner used their points at the cabins, which were solely trust, it would act as a swap, sort of the way it works with Interval now.

First, this isn’t about PVB rooms..they can not put those rooms in the trust.

Thst only leaves Poly tower as an option to go into the trust and I do not think PVB owners will have access to trust rooms because they will not have bought into the plan that these rooms are activated into.

Basically, the resort property belongs to the trust and it sells access to it.

I no longer think they are going to mess with PVB at all. If PVB1 owners get access to the tower rooms it will becaise DVD sells it as an expansion of the current PVB resort.

But, if it goes to the trust, then PVB owners will be like everyone else…7 months access and resale contracts restricted.

 

[Bearval]

First, this isn’t about PVB rooms..they can not put those rooms in the trust.

Thst only leaves Poly tower as an option to go into the trust and I do not think PVB owners will have access to trust rooms because they will not have bought into the plan that these rooms are activated into.

Basically, the resort property belongs to the trust and it sells access to it.

I no longer think they are going to mess with PVB at all. If PVB1 owners get access to the tower rooms it will becaise DVD sells it as an expansion of the current PVB resort.

But, if it goes to the trust, then PVB owners will be like everyone else…7 months access and resale contracts restricted.

Could they add the PVB tower rooms as part of the "Disney Collection" same way you can use your direct points to book a "regular" Disney hotel room? I am sure if they did allow this that the points would be needed would be insane.

 

[walt34]

Could they add the PVB tower rooms as part of the "Disney Collection" same way you can use your direct points to book a "regular" Disney hotel room? I am sure if they did allow this that the points would be needed would be insane.

I believe, the assumption at this point is that a poly tower in the trust (if it comes to that) would mean it will be separate from Poly 1 for the home resort period from 11 months (might or might not have a shared home resort period with other trust properties like CFW) but it will be accessible at 7 months like other non-home-resort properties (probably with the same rules as RIV, so not accessible to 2019 and later resale contracts) through the BVTC.

 

[Sandisw]

Could they add the PVB tower rooms as part of the "Disney Collection" same way you can use your direct points to book a "regular" Disney hotel room? I am sure if they did allow this that the points would be needed would be insane.

I think if the plan had been to make it a mixed used property…like Reflectons that was to be some hotel and some DVC…they would have announced

What is really up in the air is whether the way they will sell the cabins is for just those or it’s the future.

I believe it’s the new way and goes beyond that cabins.

 

[Lorana]

First, this isn’t about PVB rooms..they can not put those rooms in the trust.

Thst only leaves Poly tower as an option to go into the trust and I do not think PVB owners will have access to trust rooms because they will not have bought into the plan that these rooms are activated into.

Basically, the resort property belongs to the trust and it sells access to it.

I no longer think they are going to mess with PVB at all. If PVB1 owners get access to the tower rooms it will becaise DVD sells it as an expansion of the current PVB resort.

But, if it goes to the trust, then PVB owners will be like everyone else…7 months access and resale contracts restricted.

Ahhhh, that makes so much more sense. Thanks!

 

[Phijammamama]

I think if the plan had been to make it a mixed used property…like Reflectons that was to be some hotel and some DVC…they would have announced

What is really up in the air is whether the way they will sell the cabins is for just those or it’s the future.

I believe it’s the new way and goes beyond that cabins.

I tried searching, but couldn’t find…Have you already given your take on the claims that the trust was created solely due to the cabins being “mobile homes” and therefore cannot lawfully be sold deeded interest?

 

[Sandisw]

I tried searching, but couldn’t find…Have you already given your take on the claims that the trust was created solely due to the cabins being “mobile homes” and therefore cannot lawfully be sold deeded interest?

I am not sure that they couldn’t be sold as differently, but believe that this move is more than just the cabins.

If selling them would be such a hassle to set up a completely different system just for these, why bother?

I just don’t believe that they did this for this one project. And, in 2042, this trust could be a great way to roll those resorts into it as is and immediately have them part of the DVC world.

 

[Sykes]

The trust legal framework is a trivial amount of additional work for them--a rounding error in the legal costs for setting up a new property. We have posters here that have spent more time analyzing the relatively small changes than Disney likely spent in billable hours (above and beyond what they would have done for any other resort) setting it up.

 

[Jimmy Geppetto]

I tried searching, but couldn’t find…Have you already given your take on the claims that the trust was created solely due to the cabins being “mobile homes” and therefore cannot lawfully be sold deeded interest?

There are reports of DVC members receiving a survey about their membership and some of the questions were asking owners if they would value an 11 month booking priority at multiple resorts. I doubt it’s solely due to the cabins being mobile.

 

[zavandor]

But wouldn't they have to maintain the same "actual" points in the resort they pulled from. So if they added 500k points from Poly Tower, they could never book more than 500k Poly Tower points in a year, because otherwise they would be taking away from deeded owners, whose own contracts guarantee them their points in a given year. Like, the trust could create whatever point charts they wanted, but they'd still have to be beholden to the restrictions of point usage of the resorts they took them from in order to not violate the contracts of existing (deeded) owners.

I imagine, though, that if a deeded owner used their points at the cabins, which were solely trust, it would act as a swap, sort of the way it works with Interval now.

I really don't know.
For deeded resorts, you buy a percentage of a unit which is representend by points. The booking power of the points must be equivalent to your ownership %.
So if you own 0.1% of a unit, you should be able to book 0.1% of the nights of that unit (all averaged over one year). The Florida law is very clear.

But this is not true for an exchange system, like II or RCI. Resorts that are in higher demand have higher trading power than others. For 0.1% ownership at BCV is worth much more, for trading, than a 0,1% at Westgate.

But a Trust? I can see arguments for the Trust being somewhere in the middle between the two. I do not know how they are regulated by the Florida law.
Personally, unless DVC puts guarantees in the Trust documents, that would guarantee to keep units and vacation home sizes balanced (like in the current POS), I would not touch the Trust with a bargepole, unless I were interested in 1BR. The risk of buying for studios or for a specific resort in mind and ending up being short on points down the road would be too great for me.

 

[ocdb8r1]

But a Trust? I can see arguments for the Trust being somewhere in the middle between the two. I do not know how they are regulated by the Florida law.

It's regulated similarly to the current DVC deeds (and in fact, FL permits "deeds" to be sold for trusts - MVC was tested on this when someone sued both MVC and the Orange County, FL recorder of deeds arguing that the MVC Trust "deeds" should be invalidated due to not constituting real property and not containing the requisite details to satisfy the requirements for a real property deed; the case eventually decided in favor of MVC and the Recorder). The Trust will have to assign a point value each "property" granted to the Trust as a certain number of points and this will have to ensure the number of point assigned is sufficient to "reserve" the associated property for the whole year.

 

[Brian Noble]

It will be interesting to see if they go the Deeded route. Marriott did; Wyndham did not. If they do, it would rule out the "Trust ownerships are easier to revoke" argument for why this resort was structured this way.

 

[Sandisw]

Info is out but I can’t find the link. Opens July 1st. Did anyone get the email yet? It is being reported with the point chart.

 

[scottiesumms]

Info is out but I can’t find the link. Opens July 1st. Did anyone get the email yet? It is being reported with the point chart.

point chart link is currently broken on DVC site (for me at least)

 

[Sandisw]

https://disneyvacationclub.disney.go.com/dvc-cabins-at-fort-wilderness

 

[Matty B13]

point chart link is currently broken on DVC site (for me at least)

Not working for me too.

 

[JackosinDIS]

Attached

 

[MerlinandtheMouse]

 

[Hubalorian]

I think based on the point chart posted above, they could have a big hit on their hands. However, the price will play a big factor, now if they just don’t fumble at the one yard line by listing the cabins at like $250 a point or something crazy like that

 

[Sandisw]

I think based on the point chart posted above, they could have a big hit on their hands. However, the price will play a big factor, now if they just don’t fumble at the one yard line by listing the cabins at like $250 a point or something crazy like that

I think will start as a base price where RIV and AUL are going to end of month.

Incentives will be interesting