Hilton Head question

[tachyonbb]

We are considering buying at Hilton Head. We already own at VGF. Looking at the term date for Hilton Head I am confused.

"All of the original Resorts (OKW, VB, HH, BWV, VWL, and BCV) had an expiration date of January 31, 2042 (regardless when they opened) until DVC voted to extend the ground lease until January 31, 2057 in 2007 and offered that extension to all current owners."

Does this mean all of the contracts are extended to 2057 or do some leases end in 2042?

 

[_auroraborealis_]

No. HHI has a RTU of 2042, and the contract expires in 2042.

The only resort offered an extension was OKW.

 

[Disneypapa]

I own at OKW. I was offered an extension to 2057 and chose not to purchase the additional years. My contract expires in 2042.