Island Tower at Polynesian Villas & Bungalows

[HyperspaceMountainPilot]

The most recent batch was heavy on Animal Kingdom and Saratoga. Are those two actively being ROFR’d? I don’t follow the ROFR report very closely.

Neither has been reported on the ROFR thread…so probably not.

 

[mkatsy]

Neither has been reported on the ROFR thread…so probably not.

I’m stumped … I took one of the names and put it in the search. They didn’t have a mortgage on the contracts, there is no lien for overdue maintenance fees. They signed (sold?) their Animal Kingdom back to Disney. I have no idea why, maybe that’s a “thing”.

 

[HyperspaceMountainPilot]

I’m stumped … I took one of the names and put it in the search. They didn’t have a mortgage on the contracts, there is no lien for overdue maintenance fees. They signed (sold?) their Animal Kingdom back to Disney. I have no idea why, maybe that’s a “thing”.

I have heard that Disney does deed in lieu of foreclosure for distressed contracts…so maybe? Just seems like those aren’t resorts where they’d be eager to take back deeds…but maybe the outstanding balance was less than $100?

 

[CastAStone]

I’m stumped … I took one of the names and put it in the search. They didn’t have a mortgage on the contracts, there is no lien for overdue maintenance fees. They signed (sold?) their Animal Kingdom back to Disney. I have no idea why, maybe that’s a “thing”.

Disney has gone back and forth (a lot) on whether they will accept free surrenders for no reason. Perhaps they’re doing it again.

Some people don’t realize that there’s a resale market for these (or their kids don’t realize when they’re going through their no-longer-fit mom and dad’s finances). They just see timeshare and panic, and then see on the google box that sometimes you can just surrender it back.

 

[Cfabar1]

Disney has gone back and forth (a lot) on whether they will accept free surrenders for no reason. Perhaps they’re doing it again.

Some people don’t realize that there’s a resale market for these (or their kids don’t realize when they’re going through their no-longer-fit mom and dad’s finances). They just see timeshare and panic, and then see on the google box that sometimes you can just surrender it back.

It seems to me it is in Disney's interest to allow free surrenders, especially for several properties. That is pure profit on the points for them!

But then again, I've always found it funny DVC/DVD just didn't crush the resale market - they must view that it offers them some strategic interest/value - likely related to staffing costs associated with the ROFR office. It just surprises me for a company so focused on tight control of their operations they are willing to let these resale companies determine at the very least - those individuals who are going to be responsible for paying DVD/DVC dues.

 

[mkatsy]

It seems to me it is in Disney's interest to allow free surrenders, especially for several properties. That is pure profit on the points for them!

But then again, I've always found it funny DVC/DVD just didn't crush the resale market - they must view that it offers them some strategic interest/value - likely related to staffing costs associated with the ROFR office. It just surprises me for a company so focused on tight control of their operations they are willing to let these resale companies determine at the very least - those individuals who are going to be responsible for paying DVD/DVC dues.

curiosity got the better of me and I opened up a few more documents last night. They aren’t all the same. Some say “surrender in lieu of foreclosure”, some say “ trustee sale”, some don’t say anything unique ( I bet those are the ones that people just give back not knowing the resale value). So those poly points from the other day go back into the bucket to be resold.

 

[MagicDVC]

curiosity got the better of me and I opened up a few more documents last night. They aren’t all the same. Some say “surrender in lieu of foreclosure”, some say “ trustee sale”, some don’t say anything unique ( I bet those are the ones that people just give back not knowing the resale value).

I'm not surprised that some members don't know the resale value for DVC points. I've talked to some members at the pool at AUL who were talking to prospective members that had no idea about the resale market. I definitely steered them to look into resale.

 

[maui22]

If you read today’s Poly contract at the comptrollers website the Grantor is transferring it Disney is the grantee. It looks like they are turning over the deed to Disney

Thank you for pointing this out. I corrected my original post.

I went through all of May (which obviously doesn't include data the comptrollers add today).
There were 9 Warranty Deeds and 1 Deed-in-Lieu of Foreclosure.

The board has been discussing if these are ROFR and/or foreclosures. Obviously, the deed in lieu of foreclosure was the later. Warranty Deeds may be ROFR or someone simply returning the contract to Disney.

Bottom line, Disney still has not sold any PVB direct contracts for several months.

 

[MagicDVC]

https://twitter.com/x/status/1796535034918355352

 

[davidhr]

https://twitter.com/x/status/1796535034918355352

I really like how it’s looking. Can’t wait to stay there with my Saratoga points!

 

[Sandisw]

If you read today’s Poly contract at the comptrollers website the Grantor is transferring it Disney is the grantee. It looks like they are turning over the deed to Disney

Then that might not mean PvB tower will begin at $250.

 

[bbeagle]

I really like how it’s looking. Can’t wait to stay there with my Saratoga points!

Won't happen for a few years.

 

[aka Charles]

In our discussion about the possibility of a Community Hall by the pool area a couple days ago, I speculated about the bathrooms next to that large room. I said they appear to be accessed from the outside for the use of those at the pool, and there appears to be a men's room, women's room, and two private Family/Changing rooms.

These are indicated in the plan image below as follows:
Yellow = Community Hall
Red = Women's Room
Blue = Men's Room
Orange = Family/Changing rooms

There is, however, one part of that area on the plans that I did not discuss or speculate about.
The area outlined in Green.



This area is right where the pool sidewalk comes up to connect to the covered walkway.
It is very difficult to make any since of what appears in this area in the image, so I did not have any good guess at the time.

But now, having looked at all the new photos from BlogMickey.com linked above, I now have a VERY, VERY HOPEFUL guess at what might be going there.

In the photo below we can see the "Community Hall" on the right with the all glass front.
On the far left is an opening that will lead to the restrooms.
But in the middle, where the workers are standing, is a large opening for the area in question.
What could it be???



A closer look in the next photo shows that this area will be open to the outside where people can walk up.
It could be some sort of towel stand, but that's not what I think it will be.



Looking at the size, location, and walk-up access, and comparing it to what is over at the GCH near the Volcano Pool, I am crossing my fingers that this may be a new Dole Whip Stand!!!

Pineapple Lanai 2.0 !!!​

Please, Please Please let this be true!
.

 

[davidhr]

Won't happen for a few years.

Maybe for a full week. A night here and there for a split stay is always possible with stalking.

 

[Sprinkles&Sprints]

In our discussion about the possibility of a Community Hall by the pool area a couple days ago, I speculated about the bathrooms next to that large room. I said they appear to be accessed from the outside for the use of those at the pool, and there appears to be a men's room, women's room, and two private Family/Changing rooms.

These are indicated in the plan image below as follows:
Yellow = Community Hall
Red = Women's Room
Blue = Men's Room
Orange = Family/Changing rooms

There is, however, one part of that area on the plans that I did not discuss or speculate about.
The area outlined in Green.

View attachment 864667

This area is right where the pool sidewalk comes up to connect to the covered walkway.
It is very difficult to make any since of what appears in this area in the image, so I did not have any good guess at the time.

But now, having looked at all the new photos from BlogMickey.com linked above, I now have a VERY, VERY HOPEFUL guess at what might be going there.

In the photo below we can see the "Community Hall" on the right with the all glass front.
On the far left is an opening that will lead to the restrooms.
But in the middle, where the workers are standing, is a large opening for the area in question.
What could it be???

View attachment 864670

A closer look in the next photo shows that this area will be open to the outside where people can walk up.
It could be some sort of towel stand, but that's not what I think it will be.

View attachment 864672

Looking at the size, location, and walk-up access, and comparing it to what is over at the GCH near the Volcano Pool, I am crossing my fingers that this may be a new Dole Whip Stand!!!

Pineapple Lanai 2.0 !!!​

Please, Please Please let this be true!
.

Like the way you think!!

 

[mkatsy]

Please Sir, may I have more Island Tower concept art

 

[maui22]

Tower is operating similar to VDH. Cash booking first, then sales start later.

I decided to look at it's timeshare license. No clue if Disney will follow this for the tower, but the initial license approval was 8/8/22 (adding the timeshare weeks, but no POS). It wasn't until 10/31/22 that they filed the POS and budget estimate.

I sure hope we're not waiting this long for PVB/tower POS update.

 

[hockeydad21]

In our discussion about the possibility of a Community Hall by the pool area a couple days ago, I speculated about the bathrooms next to that large room. I said they appear to be accessed from the outside for the use of those at the pool, and there appears to be a men's room, women's room, and two private Family/Changing rooms.

These are indicated in the plan image below as follows:
Yellow = Community Hall
Red = Women's Room
Blue = Men's Room
Orange = Family/Changing rooms

There is, however, one part of that area on the plans that I did not discuss or speculate about.
The area outlined in Green.

View attachment 864667

This area is right where the pool sidewalk comes up to connect to the covered walkway.
It is very difficult to make any since of what appears in this area in the image, so I did not have any good guess at the time.

But now, having looked at all the new photos from BlogMickey.com linked above, I now have a VERY, VERY HOPEFUL guess at what might be going there.

In the photo below we can see the "Community Hall" on the right with the all glass front.
On the far left is an opening that will lead to the restrooms.
But in the middle, where the workers are standing, is a large opening for the area in question.
What could it be???

View attachment 864670

A closer look in the next photo shows that this area will be open to the outside where people can walk up.
It could be some sort of towel stand, but that's not what I think it will be.

View attachment 864672

Looking at the size, location, and walk-up access, and comparing it to what is over at the GCH near the Volcano Pool, I am crossing my fingers that this may be a new Dole Whip Stand!!!

Pineapple Lanai 2.0 !!!​

Please, Please Please let this be true!
.

Would be fantastic to have another pineapple lanai or a Hawaiin shaved ice stand! My bet is on shaved ice making its Polynesian debut

 

[Cfabar1]

I'm not surprised that some members don't know the resale value for DVC points. I've talked to some members at the pool at AUL who were talking to prospective members that had no idea about the resale market. I definitely steered them to look into resale.

Yes especially for Aulani resale seems like a no brainer - especially if your goal is to use those points AT Aulani....

I've even thought roughly it might make sense to buy 1/3 the points you need for AUL and then take 2 or 3 trips once every three years and flip it at that point... You're likely to come out ahead of cash rates I think....

RE the tower it seems Disney is continuing the tradition of building pools that are too small to accommodate the number of guests at their hotels comfortably....

 

[Sandisw]

Tower is operating similar to VDH. Cash booking first, then sales start later.

I decided to look at it's timeshare license. No clue if Disney will follow this for the tower, but the initial license approval was 8/8/22 (adding the timeshare weeks, but no POS). It wasn't until 10/31/22 that they filed the POS and budget estimate.

I sure hope we're not waiting this long for PVB/tower POS update.

Given that they plan this to open in December, I don’t think we will need to wait that long.

I bet we see the updates to the POS in the next few weeks.