NEW VGF Building

[zavandor]

Now we know why they built the walking path to the MK

Joking

(maybe)

 

[qwerty2k]

Stupid question but how is the total number of points available for purchase calculated? Is there a set number of points per room category multiplied by number of rooms? Is that number different across resorts? Is it based on the average number of points to book a room type across the year etc?

 

[Stargazer65]

It won't be a new condo association, so it should be subject to the same POS as the existing VGF contracts.

What is the acronym POS? I keep seeing it and I think I want to wash someone's mouth out with soap. Now I surmise it means something else.

 

[KAT4DISNEY]

The rumors were that they would never convert YC into DVC because they wouldn't want to mess with the comvention business. With that currently down the sink and not being known if it'll ever go back to previous levels... who knows, it might happen.

GF also is a convention center so yes, it doesn't seem to have too much affect on the decisions.

 

[KAT4DISNEY]

What is the acronym POS? I keep seeing it and I think I want to wash someone's mouth out with soap. Now I surmise it means something else.

Public Offering Statement. It governs most things about the association.

 

[Stargazer65]

Public Offering Statement. It governs most things about the association.

Okay, well now I can reread some of those old threads with a new perspective. Thank you.

 

[VdoesDisney]

What do you think this does to resale prices? They were getting too high and I think this is Disney’s way of capitalizing on those purchases. Again, why not buy direct for a little more, get blue card benefits, desired UY, points amount and previous years points?

My guess that is we see a brief spike in prices followed by a drop as people wait to see what kind of incentives will be offered direct, most owners thinking about add-ons will likely hold off for incentives, the wild card IMO is how non-owners behave as they are likely less informed and may not know all the details

 

[KAT4DISNEY]

Stupid question but how is the total number of points available for purchase calculated? Is there a set number per room category? Is that number different across resorts? Is it based on the average number of points to book a room type across the year etc?

Technically it is the other way around although you can back into anything. The number of points declared per unit is what determines how many points can be required for use of the unit in a year. VGF did not have dedicated studios. All units were either declared 2BR or GV so we don't know what a dedicated studio would be declared as. Or at least I don't think so. There are better point gurus than myself.

 

[supersnoop]

Adding resale restrictions will not impair the rights of existing owners.

Won't it, though? If I currently own points there, and the rules change, doesn't that affect the resale value of the contract? Disney retains control of the entire system because they act in the best interest of the membership. If they do something to call that into question, they don't just risk some bad press or a small financial penalty; they risk losing control of the condo association. I don't see them willingly taking on that risk.

 

[dvc lover 1970]

I like the VGF DVC building. I want to know that when I book I will be placed there. I think the new rooms will be a different booking category so that when one does book a studio you will know which building you will be in.

Agree. Similar to AK jambo and kidani

 

[mustinjourney]

What happens if they add these new studios in as a separate booking category and they cost more than the original studios????? Now all those new points are going to be looking for the cheapest studios at the original resort at the 11 month mark and then taking the left over studios at the new Big Pine Resort.

interesting thought. I had assumed the demand for the newer rooms would be the same or higher. Of course -- if the point differential is more than 3 points a night...you might be right.

The question is if the price differential is 1-2 points, what will end up happening?

Of course -- if these rooms are going to be larger, that could be a driving force for people to spend the extra points...especially if they have the full size queen bed murphy bed (instead of the couch). I know I would spend extra points to have the same bed setup as RIV for VGF.

 

[mustinjourney]

I'm a little surprised no VGF owner is upset by the increase in the number of people who will be trying for 1, 2 and 3 BRs. This is a little different than adding the Treehouses or having the uber-expensive Poly bungalows. Studios will likely always reign supreme but If everything is kept the same, DVC will have almost doubled the number of people at VGF who might need or want a larger unit at the 11 month mark.

I look at it the other way -- when you have more people in the pot -- that means more people changing their minds, which means inventory will open up here and there (poly is fairly easy to piece together a studio stay within 7 months b/c of this).

As far as more people trying to book 1 and 2 bedrooms -- the point requirements for those room types are so large that I don't believe it will really be that large of an affect, if any.

 

[Marionnette]

Another question to discuss...refurbishments at VGF. Currently, VGF1 is slated for a soft good refresh this year. A full refurb is 7-8 years away. With a VGF2 coming on board, I assume it's going to have a separate refurb schedule?

 

[KAT4DISNEY]

Another question to discuss...refurbishments at VGF. Currently, VGF1 is slated for a soft good refresh this year. A full refurb is 7-8 years away. With a VGF2 coming on board, I assume it's going to have a separate refurb schedule?

My guess is whatever they do to VGF for the refurb is going to be identical to what goes in new in these studios and they'll end up on the same refurb schedule. So it could mean that VGF gets a bit more than a refresh. Full refurb doesn't always mean new cabinets, wall tile etc anyway - it seems to be whatever management feels like and nothing set in stone. I think it'll end up being aligned.

 

[mustinjourney]

I don't think they can do that because of the FL timeshare laws. They would be making a change to what the existing owners bought.

The short construction time is what I'm amazed at.

presumably that means they won't have the split bathroom setup, but keep the standard hotel room bathroom setup? If so -- I would think they're going to have to have these as a different booking category.

 

[CarolMN]

IMO, the new building will have to be a separate booking category, no matter how the point charts stack up. Otherwise, assignments and requests will be a BIG headache. If the hotel rooms are large enough, I can see them putting in a king bed and a pull down Murphy / sofa combo, plus the twin pull down under a TV. They could easily charge more for those rooms than the current lock offs. They could also reserve some of the lock-offs as 2 bedrooms for some period of time, although I don't think they will since they haven't done it anywhere else.

Again IMO, availability of VGF studios will become more like that of the Poly, than the current situation at VGF.

It will be interesting to see the details, for sure. In the meantime, it is sure nice to have something NEW to discuss. I'm tired of the discussions of COVID, masks, closures, borrowing & AP restrictions!

 

[mustinjourney]

I wonder if this is going to be similar to what they did at Aulani with the hotel rooms? They're already calling them "resort studios" in the announcement not deluxe studios. Do a quick update like they're doing with Poly DVC and get them open for Summer 2022.

These rooms are large. Realistically they could slap some fancy marble tile up in the bathroom, add a pull-down trundle entertainment cabinet, replace the double beds with a queen bed and murphy sofa/couch, add vinyl flooring, paint and be done.

I think you are correct. Vero Beach is the same. If so -- they won't be changing the layouts -- just giving it a quick update as you say...and then the point chart will be (hopefully) lower than the existing "deluxe" studios.

 

[Sandisw]

Agree. Similar to AK jambo and kidani

I do wonder if that is how it will be declared. So, you know when booking, which building you are getting, but it maintains one point chart like the AKV resorts due.

 

[mustinjourney]

I think they'll be more points than the current studios. First they will be quite a bit bigger. Second, right now VGF is kind of the ceiling for points. They don't go above that with other resorts. If they increase these then they could use that as the new top end and have new resorts with studios falling in between the original studios and these new ones. Also interested in what a theme park view studio will be for points.

I was originally thinking the same as you -- but based on the fact that they're doing this refurb so quickly (12 months)...I'm guessing they won't be doing the same bathroom and kitchenette layout as the current deluxe studios have. So if it is more like VB and AUL, then the points will be less...which would be ideal for freeing up room availability across all categories in the original VGF.

 

[ziravan]

Won't it, though? If I currently own points there, and the rules change, doesn't that affect the resale value of the contract? Disney retains control of the entire system because they act in the best interest of the membership. If they do something to call that into question, they don't just risk some bad press or a small financial penalty; they risk losing control of the condo association. I don't see them willingly taking on that risk.

If it’s the same association, then it’s the same dues. They would be hard pressed legally to charge the same dues for disparate treatment.

If it’s the same dues, it must be the same treatment.