Grand Floridian 2 info

[RoseGold]

Nobody wants RIV? Come on, that’s pretty insulting.

They've got several million points left if you're buying. And they give you a postcard if you take the tour...

 

[Sandisw]

Again I am amazed people think VGF2 will be priced lower than the current $255/pt. OKW had a price increase direct, AP’s increased, Genie+ pricing. But VGF2 will sell for LESS than the current $255/pt? I don’t think so………

Because they have to sell millions of points? VGF is a great resort, but you are marketing studios to people as that is what is being built.

A new direct buyer is in for a minimum of $38k if it starts at $255. That is not going to be an easy sell, given the other options buyers will have to choose from.

And, with all of those studios, I think 7 month booking is going to be much easier and home resort advantage will not be needed for those.

Obviously, none of us know but there are plenty of reasons they could choose to price it lower than the current price…even if it initially starts that way.

Raising the prices of the other resorts actually will help lead people to buy the newer resorts when the price difference is not that great, IMO, it may be a clue that VGF won’t be off the charts in term of price.

 

[Simba's Mom]

Since people can own separately at VGF and then at VGF2, does that mean that you'll book for the specific building? And do I understand that current VGF owners won't get the 11 month window if they want to book at VGF2? Also, people buying VGF won't have the 11 month window at the current building?

 

[Sandisw]

Since people can own separately at VGF and then at VGF2, does that mean that you'll book for the specific building? And do I understand that current VGF owners won't get the 11 month window if they want to book at VGF2? Also, people buying VGF won't have the 11 month window at the current building?

Same association so everyone will have the same booking window. Think Jambo and Kidani.

I think it will show that way so when booking a studio all VGF owners will be able to book either building and you will know when once you will get.

But there has been no official info on exactly how it will be.

 

[CarolynFH]

Since people can own separately at VGF and then at VGF2, does that mean that you'll book for the specific building? And do I understand that current VGF owners won't get the 11 month window if they want to book at VGF2? Also, people buying VGF won't have the 11 month window at the current building?

People will not own separately at VGF and VGF2 - Disney stated clearly that the new studios will be part of the existing VGF condominium association. So existing owners will be able to book "resort studios," whatever they are, in the new building, and new buyers of VGF points will be able to book in the old building. Here on the DISboards, people are calling the addition VGF2 just for convenience.

 

[Paul Stupin]

Because they have to sell millions of points? VGF is a great resort, but you are marketing studios to people as that is what is being built.

A new direct buyer is in for a minimum of $38k if it starts at $255. That is not going to be an easy sell, given the other options buyers will have to choose from.

And, with all of those studios, I think 7 month booking is going to be much easier and home resort advantage will not be needed for those.

Obviously, none of us know but there are plenty of reasons they could choose to price it lower than the current price…even if it initially starts that way.

Raising the prices of the other resorts actually will help lead people to buy the newer resorts when the price difference is not that great, IMO, it may be a clue that VGF won’t be off the charts in term of price.

As you know, I totally agree. If it’s priced over $255 (when it was categorized as a “sold out” resort, which is no longer the case), no one would buy it.
My guess is $225-$235 before incentives. And, yes, I’m one of those folks who bought some direct points last spring for $255. But I don’t plan on selling them any time soon, and I welcome the opportunity to buy some more direct points at a lower price. My March UY is hard to find in VGF resale, and the difference between the current resale price and what I think the direct VGF2 price will be makes VGF2 direct in my opinion the better deal. I’ll be able to use the points at all the new dvc resorts down the line for not an enormous amount of additional money.

 

[gkrykewy]

They've got several million points left if you're buying. And they give you a postcard if you take the tour...

And they’ve sold several million. What’s your point? The incentives at RIV are getting worse with each price change, not better, so they’re not desperate to increase the pace of sales. There is no reason to be rude to fellow members.

 

[RoseGold]

And they’ve sold several million. What’s your point? The incentives at RIV are getting worse with each price change, not better, so they’re not desperate to increase the pace of sales. There is no reason to be rude to fellow members.

At this rate, RIV won’t be sold out for years and Aulani might never. A 30K buy in for RIV isn’t what customers want, which is why there are millions of points left. This is math. They are sitting on millions of points.

And yes, they haven’t discounted them, or even Aulani.

 

[rubybutt]

And they’ve sold several million. What’s your point? The incentives at RIV are getting worse with each price change, not better, so they’re not desperate to increase the pace of sales. There is no reason to be rude to fellow members.

It seems RoseGold has an undying hate for Riviera. To each their own. I never mind seeing the other side of the argument when making a decision, but sometimes you can just tell the person has an unwavering position. I just picture RoseGold's Riviera comments coming from Frank Costanza. Then I always get a little chuckle.

 

[DVCPAT]

At this rate, RIV won’t be sold out for years and Aulani might never. A 30K buy in for RIV isn’t what customers want, which is why there are millions of points left. This is math. They are sitting on millions of points.

And yes, they haven’t discounted them, or even Aulani.

I’d be surprised if Disney lowered the $255 point cost, the resort sells the points. If points are selling at $255 with no marketing.. I wouldn’t be surprised if the price increases for a new location.

 

[dvc lover 1970]

Again I am amazed people think VGF2 will be priced lower than the current $255/pt. OKW had a price increase direct, AP’s increased, Genie+ pricing. But VGF2 will sell for LESS than the current $255/pt? I don’t think so………

Sadly - I think you are correct. Not sure how fast it will sell at 255+ but since it is only one building, there will not be a lot of points there. My guess, DVC will sit and wait for it to sell. This is really a capital improvement for a disney resort - I think Covid closure forced them to think creatively on how to shift costs. Converting one of the grand floridian buildings to DVC really helps to shift their costs and support their bottom line after closure.

 

[Sandisw]

At this rate, RIV won’t be sold out for years and Aulani might never. A 30K buy in for RIV isn’t what customers want, which is why there are millions of points left. This is math. They are sitting on millions of points.

And yes, they haven’t discounted them, or even Aulani.

Except the data does t support that statement. If in July, close to 60% of direct sales went to RIV, the majority did choose it.

It may take longer than originally planned with Covid but it is selling and I bet that is all that matters.

Why? Because DVD has the power to increase incentives. And they have not. It tends to support they are comfortable with it at this point.

 

[Fulcrum]

People will not own separately at VGF and VGF2 - Disney stated clearly that the new studios will be part of the existing VGF condominium association. So existing owners will be able to book "resort studios," whatever they are, in the new building, and new buyers of VGF points will be able to book in the old building. Here on the DISboards, people are calling the addition VGF2 just for convenience.

I know that you're correct in saying that VGF2 will be part of the same condominium association as VGF, however a Member Services' cast member told me yesterday that VGF2 and VGF will have a similar relationship as BRV and CCV. Either she was speculating or Disney really is considering a different route than what they had said in May. Considering VGF2 is exclusively studios, it would make sense for them to be tied to VGF and not its own separate entity.

 

[DVChris]

Except the data does t support that statement. If in July, close to 60% of direct sales went to RIV, the majority did choose it.

It may take longer than originally planned with Covid but it is selling and I bet that is all that matters.

Why? Because DVD has the power to increase incentives. And they have not. It tends to support they are comfortable with it at this point.

With the new Aulani incentives, we can buy 300 direct points for $156pp which includes a military discount. Might be the best incentive DVD has offered for Aulani in a very long time.

 

[Paul Stupin]

Well, I happen to really like the Riviera. And Aulani! And I think that one of the reasons Disney is not selling VGF direct right now is that the price will open lower than $255. Hard for me to believe that it will sell higher with no kitchen sink, a less than 50 year length, a new building with studios exclusively that appeal to value oriented buyers, and no history whatsoever in the last thirty years of a huge price disparity between new resorts.

I also don’t think they’re building it to let it sit there for months or years with high priced points with no concern whatsoever about how long it will take to sell out. Though I love Aulani, and own there, they’re not going to want to repeat the same scenario.

 

[CarolynFH]

I know that you're correct in saying that VGF2 will be part of the same condominium association as VGF, however a Member Services' cast member told me yesterday that VGF2 and VGF will have a similar relationship as BRV and CCV. Either she was speculating or Disney really is considering a different route than what they had said in May. Considering VGF2 is exclusively studios, it would make sense for them to be tied to VGF and not its own separate entity.

Well, that CM’s statement directly contradicts DVC’s published statement, so I believe she was confused. CCV and BRV are two separate condominium associations. As stated by Disney and posters above, VGF will be like AKV - two buildings, one condominium association. As you say, makes sense.

 

[Marionnette]

[

Except the data does t support that statement. If in July, close to 60% of direct sales went to RIV, the majority did choose it.

It may take longer than originally planned with Covid but it is selling and I bet that is all that matters.

Why? Because DVD has the power to increase incentives. And they have not. It tends to support they are comfortable with it at this point.

It still begs the question as to why more than 40% of all direct points sold in July were not for their new resort with a longer contract life.

In comparison, CCV commanded 77%-86% of all direct sales when it was the primary resort being sold.

So what is it about RIV that is redirecting buyers' attention to sold out resorts? The resale restrictions? The minimum buy-in amount that keeps increasing? The price point? The points chart? People are buying DVC. They just aren't choosing RIV more than 40% of the time. You've got to wonder why that is.

 

[Sandisw]

[

It still begs the question as to why more than 40% of all direct points sold in July were not for their new resort with a longer contract life.

In comparison, CCV commanded 77%-86% of all direct sales when it was the primary resort being sold.

So what is it about RIV that is redirecting buyers' attention to sold out resorts? The resale restrictions? The minimum buy-in amount that keeps increasing? The price point? The points chart? People are buying DVC. They just aren't choosing RIV more than 40% of the time. You've got to wonder why that is.

That is true that there are lots of reasons right now that could be playing a role.

However, the total sales are down and you can’t rule out price as a potential big factor.

When SSR went up and OKW became the least expensive option people in July went for that over SSR which had been ahead of it. That tells you price is important

RIV is selling. RIV has still been the largest % of sales, even though it may not be as high as others in the past.

But my point was that the statement that no one wants RIV is inaccurate. People do and people are buying it. It is a different product than others and that I am sure plays into it but it’s not so far off to say it’s a failure.

I just think that you can not discount the pandemic as a big piece that is impacting direct sales in general and no other resort had to deal with that.

 

[UrsulaWantsYourSoul]

I think the price of a sold out resort has to be thrown out the window when they add 200 rooms / 1.5 *million* points.
It's like saying that DVC Monopoly game that people are willing to pay $300+ for will still sell for the same when they flood the market with hundreds more copies of the game. Will it still be higher than Riviera? Maybe. It will be interesting to see what they actually do with price now that there will be so much more inventory.

 

[Simba's Mom]

So perhaps we're still at a "Wait and see" stage. Mostly, I'd be concerned that if you book a studio, you know which building you're getting, kind of like Jambo and Kidani.