New Poly Tower

[DVCsloth]

The difference is that one is a flip of under used and refurbed hotel rooms and the other will be a whole new

None of that is relevant to the decision.

It doesn't matter if the refurb cost $50 and the new construction cost $500 million. Disney isn't going to say "wow it was so cheap to flip Big Pine Key that we're going to sell those points in a less-than-ideal structure."

No. If Disney's preference is new resort with resale restrictions, they would have sold VGF2 as a new resort with resale restrictions no matter how much that refurb cost or didn't cost.

tower.

VGF2 wasn't a new resort. They also wanted to show people that you can book multiple room options. VGF1 in my opinion is a nicer more balanced resort. I wish they would have made it a separate resort. VGF2 are hotel rooms, VGF1 are DVC Villas. Poly2 is going to be a new build with a balanced room availability "hopefully". I will probably book there, BPK just because I may need to for a studio in December.

 

[BeachClub2014]

In all seriousness, it's a fun discussion and debate but none of us really knows what DVC will do. It's all speculation at this point.

 

[Sandisw]

In all seriousness, it's a fun discussion and debate but none of us really knows what DVC will do. It's all speculation at this point.

Sure is! And, I really think the next few months of sales may give us some data to fine tune or change some of our speculations, as well as what DVD might do. If the VGF sales take away from RIV in a substantial way, then yeah, I think the resale restrictions will be rethought by DVD.

 

[Paul Stupin]

I'm not. I don't think we have any inside knowledge or empirical evidence to know whether they are pleased or displeased.

Agreed. And, if DVC is unhappy with Riviera sales, there are plenty of other reasons which can be attributed to them: the crazy last couple of years, a controversial design which some love and others feel is missing some magic, a location which is kind of Epcot, and kind of not, etc. I personally love the Riviera, but there are Disney fans who don’t.

 

[CaptainAmerica]

Because they wanted something to be done quickly and easy. I also don't think they wanted to have another studio only resort. VGF was small and so adding these rooms to it kept it manageable. While they discuss the new studios, they sell the entire resort and the ability to book all room sizes.

We have still not seen how well the sales are going with new buyers yet, so we really don't know how its stacking up against RIV.. Again, if they want to keep the long term game of resale restrictions...then this will make sense to make it new and I don't think it will have any problem selling.

I just think it made sense to add the renovated hotel building to VGF...which did have studio issues for booking...so now that resort can meet the demand the current building could not. Plus, the buildings were pretty close to each other.

Poly tower is going to be on the entire different side of the resort than PVB, so it lends itself well to being a new condo association. It makes sense to me that this will happen and as I have said, the title and every thing I have read mention coming to the Poly Village Resort, not Poly Villas and Bungalows...that alone leads me to believe they may make it new...or at the very least, don't want anyone to know which way it will go.

See I think you're almost making my argument.

Just as they didn't want to create a new Studio-only problem at Big Pine Key, I think they're looking to relieve the existing Studio-only problem at Poly 1.

 

[Paul Stupin]

I'm not. I don't think we have any inside knowledge or empirical evidence to know whether they are pleased or displeased.

Agreed. And, if DVC is unhappy with Riviera sales, there are plenty of other reasons which can be attributed to them: the crazy last couple of years, a controversial design which some love and others feel is missing some magic, a location which is kind of Epcot, and kind of not, etc. I personally love the Riviera, but there are Disney fans who don’t.

 

[Sandisw]

See I think you're almost making my argument.

Just as they didn't want to create a new Studio-only problem at Big Pine Key, I think they're looking to relieve the existing Studio-only problem at Poly 1.

I don't think it does. Not sure they care about the fact that current owners are stuck at a studio only resort. It sold in the long run. If the new tower has studios as well...which aren't needed if its part of PVB...then its a new resort with 7 month booking at Poly...which, most of the year is pretty easy to get because owners trade out so I think Poly tower owners will still have plenty of chances to stay there.

Plus, if they intend to scrap restrictions and keep it as part of the PVB, it would have been stated like it was for VGF...it was left out on purpose and there is a reason for that...of course, none of us know exactly what that is...

 

[CaptainAmerica]

In all seriousness, it's a fun discussion and debate but none of us really knows what DVC will do. It's all speculation at this point.

 

[BeachClub2014]

And, I am really looking forward to a healthy debate on whether the current resale restrictions have had any measurable effect on Riviera sales, as compared to GFV2, once the new figures come out.

 

[CaptainAmerica]

And, I am really looking forward to a healthy debate on whether the current resale restrictions have had any measurable effect on Riviera sales, as compared to GFV2, once the new figures come out.

I think schmarona schmirus will make that comparison impossible. But it won't stop us from doing it anyways!

 

[paslaugh]

Maybe. Again, this is just my opinion, but Poly1 for me looks and feels a bit old and outdated, while the new tower will present a far more attractive and contemporary option. Owning in Poly1 would make me feel like a second class citizen, and I don’t think I’d be the only one to feel that way. Also, I’m not sure the average direct buyer really cares about resale restrictions, since they don’t affect their ability to book elsewhere.
I don’t think VGF2’s sales will make a bit of difference in DVC’s decision to create a new association and impose resale restrictions. DLT will have the same restrictions, and sell like hotcakes. So will Poly2.

Direct buyers have already been scared away by resale restrictions, just look at the slow sales at Riviera. If it weren’t for the restrictions I know I would have bought at Riv when I went direct instead of VGF2.

That aside, the point I was trying to make is after Poly 2 sells out, then Poly 1 without resale restrictions will be more attractive to a resale buyer than a Poly 2 contract w/restrictions where they can only use those points at the Tower. Especially if that tower is short on studios.

 

[Robbie Cottam]

The poly makes the wifey happy,
I would prefer a new 50 year program….
But like i said the poly makes the wifey happy….

Ill be interested either way…. Everything else is just something to argue over for the next 12 to 18 months

 

[BeachClub2014]

Direct buyers have already been scared away by resale restrictions, just look at the slow sales at Riviera. If it weren’t for the restrictions I know I would have bought at Riv when I went direct instead of VGF2.

Other than opinion, is there any evidence to suggest that the two are linked? There are many direct buyers that considered the restrictions and still bought.

 

[CaptainAmerica]

The poly makes the wifey happy,
I would prefer a new 50 year program….
But like i said the poly makes the wifey happy….

Take her to Aulani once and you'll never have to stay at the Poly again.

 

[Sandisw]

Direct buyers have already been scared away by resale restrictions, just look at the slow sales at Riviera. If it weren’t for the restrictions I know I would have bought at Riv when I went direct instead of VGF2.

That aside, the point I was trying to make is after Poly 2 sells out, then Poly 1 without resale restrictions will be more attractive to a resale buyer than a Poly 2 contract w/restrictions where they can only use those points at the Tower. Especially if that tower is short on studios.

But they really haven't...you don't sell almost 3 million points in 3 years and say no one wants it. Not to mention they had a 3 month shut down, pandemic and depressed travel during that timeframe.

While it may have turned some away and sales might have been higher had it not had them, it is still selling. Plus It is a different product and therefore I think its held its own against other ones.

Now, with it competing against VGF it might give us something as you will be comparing sales at the same time, with the same environment. In terms of resale value, you just never know. Plenty of RIV contracts are selling for higher than many expected, so there is still a market for those points. I think a restricted Poly tower would do just fine and people would be willing to buy to use points only there are part of what they own. I think we will see a depressed Poly 1 points if this is new.

 

[BeachClub2014]

Take her to Aulani once and you'll never have to stay at the Poly again.

True! A how I is a beautiful resort.

 

[Sandisw]

The poly makes the wifey happy,
I would prefer a new 50 year program….
But like i said the poly makes the wifey happy….

Ill be interested either way…. Everything else is just something to argue over for the next 12 to 18 months

I think we could be debating for 24 months!!! Gosh I need to be wrong!!!

 

[BeachClub2014]

True! A how I is a beautiful resort.

Wow, autocorrect mangled that one! I meant Aulani

 

[DVCsloth]

But they really haven't...you don't sell almost 3 million points in 3 years and say no one wants it. Not to mention they had a 3 month shut down, pandemic and depressed travel during that timeframe.

While it may have turned some away and sales might have been higher had it not had them, it is still selling. Plus It is a different product and therefore I think its held its own against other ones.

Now, with it competing against VGF it might give us something as you will be comparing sales at the same time, with the same environment. In terms of resale value, you just never know. Plenty of RIV contracts are selling for higher than many expected, so there is still a market for those points. I think a restricted Poly tower would do just fine and people would be willing to buy to use points only there are part of what they own. I think we will see a depressed Poly 1 points if this is new.

I am actually considering adding on at Riviera. Already own VGF and I would rather add at Riviera. Resale restrictions don't bother me too much. If I take a hit if I sell it so be it. I would rather buy where I want to stay. I need a Epcot resort anyways and BCV and BWV are too short for me. Riviera is almost as good of a location IMO. I like the look of the new Poly so far, Poly IMO actually has a decent Epcot location as well.

 

[Paul Stupin]

Direct buyers have already been scared away by resale restrictions, just look at the slow sales at Riviera. If it weren’t for the restrictions I know I would have bought at Riv when I went direct instead of VGF2.

That aside, the point I was trying to make is after Poly 2 sells out, then Poly 1 without resale restrictions will be more attractive to a resale buyer than a Poly 2 contract w/restrictions where they can only use those points at the Tower. Especially if that tower is short on studios.

I don’t think there is any evidence whatsoever that the slow Riviera sales, which I’m not sure have been that slow lately, are a result of resale restrictions. Do you have proof?

And I don’t think that Poly1 without resale restrictions will necessarily ever be more attractive that Poly2 with the restrictions. I think Poly2, in comparison to Poly1, will be on an entirely different level of luxury and design. Riviera resales are holding up just fine with the restrictions, why wouldn’t Poly2? You know the adage: buy where you want to stay. I’d be willing to bet that even on the resale front more people will want to stay at Poly2.