Island Tower at Polynesian Villas & Bungalows

[Salokin]

Also, this was one of the earliest poly rooms …View attachment 874245

Times and taste change.

Don’t know you know, that couch looks pretty familiar…..

 

[DonMacGregor]

Since the resort is opening in 2024, even if it ends up just for cash, , DVD could decide to give some UYs 2024 points, if they want.

I don’t see them holding off points bookings for too far into 2025, assuming they do at all, so if the start is with 2025 points, pretty much every UY would be borrowing, and the MB program wouldn’t be much of an incentive.

But, they definitely can put the date of declaring into 2025 for first points booking, and I can see that, even if they give 2024 points, just so they don’t have to pay the full cost of MFs for those last 14 days of 2024.

The problem with giving anyone 2024 points when only cash bookings for the corresponding units are available until, say, Jan 1, 2025, is the influx of points into the system and the imbalance it creates.

Say, hypothetically, they decide to start selling in August and offer September, October, and December UY's with 2024 points included. Let's also say they sell like gangbusters (as some have suggested they will) and manage to unload say 200,000 points. VDH sold nearly 150k points its first month in mostly pre-sales in May of last year, and another 160k in June in general sales, so 200-250k points is absolutely well within the realm of possibility.

Now you've got 200-250k in "new" 2024 points in the system with zero increase in units available for points rental until the first of the year. Sure, many people will choose to bank those points, or possibly use them for MB, but there still remains the possibility that several hundred thousand unrestricted points are now in the system to be used virtually anywhere. Yes, August is only 4 months before January, so home resort advantage isn't being stepped on for anyone who currently owns at Poly, but August is a long way from January when it comes to other resorts even if it is the holiday season and there's a non-zero chance those points could have some negative effect in an unbalanced system.

 

[CastAStone]

just so they don’t have to pay the full cost of MFs for those last 14 days of 2024.

Disney is paying those maintenance costs either way, it’s just the hotel side pays it if it’s not declared yet. It’s not like the costs to open and run the building aren't being incurred.

 

[CastAStone]

The problem with giving anyone 2024 points when only cash bookings for the corresponding units are available until, say, Jan 1, 2025, is the influx of points into the system and the imbalance it creates.

Say, hypothetically, they decide to start selling in August and offer September, October, and December UY's with 2024 points included. Let's also say they sell like gangbusters (as some have suggested they will) and manage to unload say 200,000 points. VDH sold nearly 150k points its first month in mostly pre-sales in May of last year, and another 160k in June in general sales, so 200-250k points is absolutely well within the realm of possibility.

Now you've got 200-250k in "new" 2024 points in the system with zero increase in units available for points rental until the first of the year. Sure, many people will choose to bank those points, or possibly use them for MB, but there still remains the possibility that several hundred thousand unrestricted points are now in the system to be used virtually anywhere. Yes, August is only 4 months before January, so home resort advantage isn't being stepped on for anyone who currently owns at Poly, but August is a long way from January when it comes to other resorts even if it is the holiday season and there's a non-zero chance those points could have some negative effect in an unbalanced system.

Isn’t that how they’ve opened every single one of the DVC resorts and/or phases so far? it doesn’t seem to have caused enough issues to get talked about

 

[DonMacGregor]

Isn’t that how they’ve opened every single one of the DVC resorts and/or phases so far? it doesn’t seem to have caused enough issues to get talked about

VDH had points bookings available almost immediately after the tower opened (I know because we stayed in a villa the first week of September). Also, if you follow the VDH thread, there are a number of updates that project when they will need to declare more inventory as points on hand run out, so points inventory is definitely tied to how many units have been declared.

 

[TinkB278]

I watched the video of the 1 bedroom and studio and it is disappointing. We plan on staying there still, but I am tired of Disney not making their rooms feel like Disney ones.

That is why we stay at Disney's resorts because they feel like Disney. These rooms are very beige, and they do not give me the same vibes as the original Poly.

I agree 1,000%

 

[Sandisw]

Disney is paying those maintenance costs either way, it’s just the hotel side pays it if it’s not declared yet. It’s not like the costs to open and run the building aren't being incurred.

Except, if they offer those rooms for cash, they have a stream to offset them…once open for points booking, then they are 100% responsible.

 

[Sandisw]

The problem with giving anyone 2024 points when only cash bookings for the corresponding units are available until, say, Jan 1, 2025, is the influx of points into the system and the imbalance it creates.

Say, hypothetically, they decide to start selling in August and offer September, October, and December UY's with 2024 points included. Let's also say they sell like gangbusters (as some have suggested they will) and manage to unload say 200,000 points. VDH sold nearly 150k points its first month in mostly pre-sales in May of last year, and another 160k in June in general sales, so 200-250k points is absolutely well within the realm of possibility.

Now you've got 200-250k in "new" 2024 points in the system with zero increase in units available for points rental until the first of the year. Sure, many people will choose to bank those points, or possibly use them for MB, but there still remains the possibility that several hundred thousand unrestricted points are now in the system to be used virtually anywhere. Yes, August is only 4 months before January, so home resort advantage isn't being stepped on for anyone who currently owns at Poly, but August is a long way from January when it comes to other resorts even if it is the holiday season and there's a non-zero chance those points could have some negative effect in an unbalanced system.

Didn’t they give all 2022 points to all UYs for BPK? That meant there were three months UY points that were in existence prior to the June opening date.

So, not seeing how this would be different.

 

[Disney_escape]

Correct, existing Poly owners have 2024 points… but the points associated with the tower are new, additional points that aren’t yet declared into the PVB association. If Disney doesn’t open the tower for points bookings until 2025, I believe the new contracts they sell would start with a 2025 UY. Of course, existing owners of PVB1 will still have 2024 points, but it’s my understanding that the contracts associated with the tower wouldn’t get 2024 points if the points bookings begin in January instead of December (because those points don’t “exist” until 2025).

When we bought GFV -Pine Key, we were told no last years points as there was not a last year to take from. Bought when they went on sale for an August UY.

 

[DonMacGregor]

Didn’t they give all 2022 points to all UYs for BPK? That meant there were three months UY points that were in existence prior to the June opening date.

So, not seeing how this would be different.

If they did offer all of those points, then maybe not, but 3 months is a little different than five, especially at the end of the year calendar-wise, and it still raises the question about dues. Do they waive all 2024 dues for the new tower? If you buy in August, that should mean that you're paying about a 40% pro-rata on 2024 dues, but the owner has no access to the resort or its amenities via a points reservation until January of 2025, a new calendar (and MF) year.

In your BPK example, the new owners had the ability to enjoy the use of the resort from June through December of 2022, or over half the year.

 

[EM Lawrence]

I think I'm the only one who's hoping for later so that way I have more time before the resort goes on sale to save up money and potentially delay my purchase to early 2026. I don't want to lose out on the first years worth of points and I have an April UY so if they push it off until 2025 to start sales I'll have more time to recover from other less important things before buying like a wedding..(kidding, please don't let my partner see this)

I'm pretty certain a good chunk of them delaying Poly tower though is just because they want CFW to have more time in the spotlight. I mean the resort hasn't even been open 7 days yet and they want as many people as possible signing up for the cabins however little that is before they release Poly and CFWs sales essentially become nonexistent.

I'm in the same boat! No wedding to pay for, but I want the sales delayed so I have more time to save money. Honestly, if they don't offer great incentives out the gate, I will probably wait to buy until later in 2025. All this talk of high price per point and no incentives makes me think there is no harm in waiting to purchase. I think the average user of this board way overestimates the general demand for the new tower. The general public is still going to need to be able to afford the purchase.

 

[aka Charles]

When we bought GFV -Pine Key, we were told no last years points as there was not a last year to take from. Bought when they went on sale for an August UY.

I bought VGF-BPK the day they opened sales (got my luggage set, lol) and was also informed we would not get 2021 points as they did not exist for BPK.

As my UY is October, I had to borrow points to book a stay on opening day in June, 2022.

I can see them doing the exact same thing with the tower sales.

If the tower sales is in demand as much as some of us think it will be, by not having 2024 points for the tower, but having 2024 points for the Cabins, can you see why they may chose to do it this way?

I had been planning to add on at the tower when it goes on sale, but unless there is a great incentive package with MB option, I think I will be holding off until at least 2026.
.

 

[Sandisw]

If they did offer all of those points, then maybe not, but 3 months is a little different than five, especially at the end of the year calendar-wise, and it still raises the question about dues. Do they waive all 2024 dues for the new tower? If you buy in August, that should mean that you're paying about a 40% pro-rata on 2024 dues, but the owner has no access to the resort or its amenities via a points reservation until January of 2025, a new calendar (and MF) year.

In your BPK example, the new owners had the ability to enjoy the use of the resort from June through December of 2022, or over half the year.

Right, but if they start sales in October, and give 2024 points to Oct and Dec UY, with opening starting sometime in 2025...then those UY's would be given a similar situation.

With BPK, Feb to June UY all got their points to use without needing to borrow...Aug to Dec UY had to borrow points if they wanted to stay from opening of BPK to the end of the 2022 calendar year.

I don't see this situation as much different....even with RIV, sales started in April and I believe the only months that didn't get 2019 points were Feb and March...the rest did get them, and the resort didn't open until Dec 2019....the first set of dues that those with Feb and March UYs owed was prorated for 2020...they didn't pay anything for those first few months that RIV was opened.

As far as dues, they wouldn't pay any for 2024 if the units don't open for points based booking until 2025....or from the first date the points kick in.

So, if they did hold off points until 2025 except for a few UY's in 2024, then those who have UY's starting with 2025 points would be prorated for 2025....

For example, I bought both June and Dec UY points for BPK....both with 2022 points. I paid dues from opening day for my June UY points, but only one month of dues for my Dec UY points...and, I was allowed to borrow those points forward, but would not have changed the amount of dues I had to pay, had I wanted to use them before Dec. 1st.

Now, I really don't think they will delay points based bookings until 2025...but theorecticaly, they could. If we don't get sales starting before October, then I really do think you will only see a few UY's get 2024 points.

 

[CastAStone]

Except, if they offer those rooms for cash, they have a stream to offset them…once open for points booking, then they are 100% responsible.

Maybe I’m missing something. If they own the rooms, they rent them for cash and use the money to cover their costs.

If they declare them, and they’re not booked by owners, they still rent them for cash and use the money to cover costs.

Right?

 

[Sandisw]

Maybe I’m missing something. If they own the rooms, they rent them for cash and use the money to cover their costs.

If they declare them, and they’re not booked by owners, they still rent them for cash and use the money to cover costs.

Right?

Correct, but all rooms declared are open to every PVB owner so those rooms would no longer be eligible for cash bookings. They have to compete to rent out those rooms just like every other owner.

Given all the current PVB points in the system, no way any December rooms that open for points bookings won't get gobbled up....

However, if they don't declare them at all until opening in 2025, then they can offer all of the rooms in the entire building for cash and that will offset the costs.

And, my guess is, being the holidays, its possible that they will have high demand.....now, I am not saying that they will do this and I think its more likely that points based bookings will happen in December...but saying, that could be one reason why DVD might decide to hold off not having them declared for occupancy until 2025.

 

[DonMacGregor]

Right, but if they start sales in October, and give 2024 points to Oct and Dec UY, with opening starting sometime in 2025...then those UY's would be given a similar situation.

Right, but the scenario hinted at was sales starting in August and points bookings starting after Jan 1. If they don't start selling until October (which I think is likely), then sure two months is nothing and they can do everything you mention. If they start selling in October, then points booking in January at the latest would be consistent with recent resort openings (just like BPK). It's the sales starting 5 months before you can book at the resort that becomes less ideal.

 

[Sandisw]

Right, but the scenario mentioned was sales starting in August and points bookings starting after Jan 1. If they don't start selling until October (which I think is likely), then sure two months is nothing and they can do everything you mention. It's the sales starting 5 months before you can book at the resort that becomes less ideal.

Well, that is what happened with RIV....they started sales in April, and opened in December, and other than Feb/March, they gave out 2019 points...

So, they had 8 months of sales, and had 6 UY's worth of points out there. Remember, no matter what the points are that are given, they can't be used anywhere until the opening date of the units that go with them.

So, if they did sell in Aug with an opening date of units in 2025, none of the UYs' getting 2024 points would be eligible to use them until that opening date of points based rooms.

 

[DonMacGregor]

Well, that is what happened with RIV....they started sales in April, and opened in December, and other than Feb/March, they gave out 2019 points...

So, they had 8 months of sales, and had 6 UY's worth of points out there. Remember, no matter what the points are that are given, they can't be used anywhere until the opening date of the units that go with them.

So, if they did sell in Aug with an opening date of units in 2025, none of the UYs' getting 2024 points would be eligible to use them until that opening date of points based rooms.

Which is again why I don't think they are going to start selling in August if they don't plan on declaring until January.

 

[maui22]

Maybe I’m missing something. If they own the rooms, they rent them for cash and use the money to cover their costs.

If they declare them, and they’re not booked by owners, they still rent them for cash and use the money to cover costs.

Right?

Guessing the difference is owners will book the tower, so the longhouse inventory may be what they try to book for cash.

Tower they can rent for full price.
Longhouse they may need to discount (30% off). Saying this because we initially booked the days before tower opening for cash, but someone cancelled a point stay so we snagged it.

 

[Sandisw]

Which is again why I don't think they are going to start selling in August if they don't plan on declaring until January.

I agree, but just saying that no reason that they can't do it, since they have done it before with other projects.....I think the reason we won't see August sales is because we haven't yet seen them declare the inventory, but not because they don't want points floating out there.