March 2022 Direct Sales

[nuhusky123]

Oh yeah I don't think it's likely. IMO, ranked from most likely to least likely:

1. DLT has restrictions, RIV keeps restrictions, PVB2 is an expansion of PVB1 with no restrictions.

2. DLT has restrictions, RIV keeps restrictions, PVB2 is a new association with restrictions.

3. DLT has no restrictions, RIV drops restrictions, PVB2 is an expansion of PVB1 with no restrictions.

4. DLT has no restrictions, RIV drops restrictions, PVB2 is a new association with no restrictions.

My money is on number two

 

[BeachClub2014]

Oh yeah I don't think it's likely. IMO, ranked from most likely to least likely:

1. DLT has restrictions, RIV keeps restrictions, PVB2 is an expansion of PVB1 with no restrictions.

2. DLT has restrictions, RIV keeps restrictions, PVB2 is a new association with restrictions.

3. DLT has no restrictions, RIV drops restrictions, PVB2 is an expansion of PVB1 with no restrictions.

4. DLT has no restrictions, RIV drops restrictions, PVB2 is a new association with no restrictions.

Great summary of options. I believe it will be your option #2.

 

[CaptainAmerica]

Great summary of options. I believe it will be your option #2.

What factor makes you think new association as opposed to mirroring VGF2? The new construction aspect?

 

[BeachClub2014]

What factor makes you think new association as opposed to mirroring VGF2? The new construction aspect?

I really think it's a combination of many things. DVC does NOT like admitting mistakes, ever. So I think the likelihood of them stepping back from restricting RIV and future resorts is slim, at best. GFV2 was unique given it is really just a flip of existing infrastructure and Poly Tower is a wholly new stand-alone construction. Add in that they didn't say that the Poly Tower was going to be folded into the same association.

All speculation on my part, but that's what leads me to think that Poly Tower will be a new association, with restrictions.

 

[Royal Consort]

Oh yeah I don't think it's likely. IMO, ranked from most likely to least likely:

1. DLT has restrictions, RIV keeps restrictions, PVB2 is an expansion of PVB1 with no restrictions.

2. DLT has restrictions, RIV keeps restrictions, PVB2 is a new association with restrictions.

3. DLT has no restrictions, RIV drops restrictions, PVB2 is an expansion of PVB1 with no restrictions.

4. DLT has no restrictions, RIV drops restrictions, PVB2 is a new association with no restrictions.

I would be comfortable with option #2. When I bought Riviera it was communicated that future resorts would have restrictions. Okay, fine. Don't love it but that's their future direction. Now we have this Hokey Pokey business with DVC putting their right foot in and right foot out. No, be consistent for goodness sake. If VGF is an outlier, okay... but if Polynesian is added to the same association I will have many questions for DVC as I think many RVA owners will.

 

[BeachClub2014]

I would be comfortable with option #2. When I bought Riviera it was communicated that future resorts would have restrictions. Okay, fine. Don't love it but that's their future direction. Now we have this Hokey Pokey business with DVC putting their right foot in and right foot out. No, be consistent for goodness sake. If VGF is an outlier, okay... but if Polynesian is added to the same association I will have many questions for DVC as I think many RVA owners will.

You're looking at an RIV owner who will definitely have questions if Poly Tower is added to the existing association.

 

[CaptainAmerica]

Add in that they didn't say that the Poly Tower was going to be folded into the same association.

See I think they kind of did. The announcement specifically referred to "Polynesian Villas and Bungalows."

If Disney said, "we're adding more DVC to the Contemporary Resort," to me that signals a new association. If they said "we're adding more villas to Bay Lake Tower," that would signal expansion of the existing association.

 

[BeachClub2014]

See I think they kind of did. The announcement specifically referred to "Polynesian Villas and Bungalows."

Yeah, that doesn't get me there. I can certainly understand why many folks do believe that to be a strong indicator. I ain't sold, yet.

 

[Sandisw]

See I think they kind of did. The announcement specifically referred to "Polynesian Villas and Bungalows."

If Disney said, "we're adding more DVC to the Contemporary Resort," to me that signals a new association. If they said "we're adding more villas to Bay Lake Tower," that would signal expansion of the existing association.

But it really didn’t. The title said ‘New DVC Villas coming to the Poly Village Resort”. That is the hotel and not the DVC part

It said this new “vacation ownership property” and not “new addition to PVB•

So, it would be like saying coming to the Contemporary.

The only mention to PVB was at the end and all it did was share what the current DVC property there has, nothing more than that.

 

[RamblinWreck]

I think we'll see VGF2 pricing increased if it's selling better than RIV.

I sort of doubt it. Better incentives for RIV than VGF, probably. But I doubt the list price will be higher.

 

[Ruttangel]

Press release “Expanding our Disney Vacation Club offerings at the Polynesian would give our Members and Guests yet another incredible option for staying close to the magic while making vacation memories that last a lifetime.”

keeping options open I guess, but I’m not sure how this would impact maintenance fees of PVB1 if it’s wrapped into it

 

[CaptainAmerica]

Yeah, that doesn't get me there. I can certainly understand why many folks do believe that to be a strong indicator. I ain't sold, yet.

Don't get me wrong, I don't think the language is compelling either. For me, I just don't see any argument that would support a new association that wouldn't have also applied to VGF. I don't see Disney sitting around saying "new associations are more profitable and we really love those resale restrictions... but dammit that Big Pine Key conversion was so cheap that we're not going to bother."

I think there are a lot of good new association arguments but I haven't heard one that I think uniquely applies to Poly and not VGF.

 

[Sandisw]

Press release “Expanding our Disney Vacation Club offerings at the Polynesian would give our Members and Guests yet another incredible option for staying close to the magic while making vacation memories that last a lifetime.”

keeping options open I guess, but I’m not sure how this would impact maintenance fees of PVB1 if it’s wrapped into it

If it’s all one, then PVB owners may see a larger share of costs because its based of occupancy in determining shared expenses as the hotel sides share goes down as more is DVC.

New association means each one would pay a share based on their own % of the shared expenses,

Take the monorail..right now, it’s split between two groups…if PVB becomes larger, it pays a larger share. If Poly tower is its own, it picks up some of the cost from both PVB and hotel.

 

[Sandisw]

Don't get me wrong, I don't think the language is compelling either. For me, I just don't see any argument that would support a new association that wouldn't have also applied to VGF. I don't see Disney sitting around saying "new associations are more profitable and we really love those resale restrictions... but dammit that Big Pine Key conversion was so cheap that we're not going to bother."

I think there are a lot of good new association arguments but I haven't heard one that I think uniquely applies to Poly and not VGF.

To add, the title of the VGF announcement did use coming to the Villas at the Grand…

I agree that nothing is certain, but the absence of it being clear for Poly tower vs. being so clear for the new VGF rooms is enough to doubt it’s the same.

 

[BeachClub2014]

I agree that nothing is certain, but the absence of it being clear for Poly tower vs. being so clear for the new VGF rooms is enough to doubt it’s the same.

And it allows for some awesome speculations and discussions. What fun would this be without a little dreaming and speculating, right?

 

[Frugal Fairy Tales]

You're looking at an RIV owner who will definitely have questions if Poly Tower is added to the existing association.

I would think you’d also be questioning VGF2?

 

[BeachClub2014]

I would think you’d also be questioning VGF2?

Oh, I did. I wasn't impressed with the fast one DVC played on this one. But, I can understand the logic applied that GFV2 isn't a "new" resort but rather just addition of refurbed rooms to the existing association. I think that would be a real stretch of logic if they tried the same with the Ploy Tower.

 

[CaptainAmerica]

Oh, I did. I wasn't impressed with the fast one DVC played on this one. But, I can understand the logic applied that GFV2 isn't a "new" resort but rather just addition of refurbed rooms to the existing association. I think that would be a real stretch of logic if they tried the same with the Ploy Tower.

A fast one? I think the vast majority of buyers would gladly trade 8 contract years for no restrictions.

 

[BeachClub2014]

A fast one? I think the vast majority of buyers would gladly trade 8 contract years for no restrictions.

My point is that DVC had previously indicated that future DVC resorts would have the same restrictions on resale points and then GFV2 didn't because it was part of the existing association. Hence, in my ever-humble opinion, they pulled a fast one.

 

[CaptainAmerica]

My point is that DVC had previously indicated that future DVC resorts would have the same restrictions on resale points and then GFV2 didn't because it was part of the existing association. Hence, in my ever-humble opinion, they pulled a fast one.

"Pulled a fast one" implies some kind of swindle. Who is the victim here? To the extent that they changed course, it seems to be to everyone's benefit.