NEW VGF Building

[Prince John Robin Hood]

I'm curious to see if the two VGF buildings will have different points per night, or will be the same as Jambo/Kidani.

For sure the theme park view will be steep but I really hope they don't turn the current studios into 'value' studios by charging way more for the new standard and lake view studios.

 

[Grumpy Mouse]

The trading though is based on how a resort entered into BVTC. VGF entered as a resort that had trading rights to all other resorts, RIV entered under different rules and thus why the restrictions state who can trade into it.

The new units at VGF are being added to VGF...they are just expanding it. I think the reason the notice specifically addressed it being the same association was to put it out there from the start that this is not a new resort, just a new building of DVC villas.

As I mentioned, I think it’s going to be like Jambo and Kidani..you book the building. but all one chart with one operating budget, etc.

I see what you're saying but I think you (and others) have missed the point.

If they do this with no restrictions, how will Disney sell these new points?

That is, why in the heck would I or any prospective buyer plunk down premium cash for direct points when I can just go and buy a VGF resale contract (for thousands less) and get all the same benefits for 11 month booking; or any other o14 resale for 7 month booking. There is ABSOLUTELY no incentive to buy these new direct points.

How did they sell Riviera?

They said, if you buy direct points from us, you're good. Buy direct RIV and get 11 month booking; buy direct anywhere else and get 7 month booking.

Buy resale (o14) and too bad so sad (until you could buy RIV resale).

 

[MB_Ellie]

Am i crazy for wanting a small contract (50-75 pts) for a few nights in a studio every other year? We own direct at Riviera for our main family vacations, but I love the holidays at Disney and would love to just have a long weekend in December at GF every once in a while...that's the dream right

Nope, not crazy at all! I have a 50-point contract to use for a few of nights at a time by banking/borrowing.

 

[princesscinderella]

I really hope they use some of our dues to bring back the Orchestra! I’m not sure if our dues pay for the boardwalk entertainers if you own at BWV.

 

[BWV Dreamin]

I see what you're saying but I think you (and others) have missed the point.

If they do this with no restrictions, how will Disney sell these new points?

That is, why in the heck would I or any prospective buyer plunk down premium cash for direct points when I can just go and buy a VGF resale contract (for thousands less) and get all the same benefits for 11 month booking; or any other o14 resale for 7 month booking. There is ABSOLUTELY no incentive to buy these new direct points.

How did they sell Riviera?

They said, if you buy direct points from us, you're good. Buy direct RIV and get 11 month booking; buy direct anywhere else and get 7 month booking.

Buy resale (o14) and too bad so sad (until you could buy RIV resale).

My question to you is why would anyone buy resale at VGF at prices $200 and up when for a few more dollars you could have direct benefits, preferred UY and desired amount of points? Plus possibly get prior years points? And have no restrictions? I need to see substantial savings buying resale. Not seeing it currently at VGF.

 

[Bjaiken77]

We, too, prefer the VGF DVC building, for a number of reasons, and hope that it is a Jambo/Kidani scenario rather than PVB.

A new room category would essentially guarantee the original building.

The reason people like the original GF villa (which I thought was awesome too) is the same reason I like RIV. I like how it balances that quaint feel of a villa but I don’t have to walk to a big tourist lobby for food, shopping, or activities.

I just want to be clear that I really loved GF. Not trying to start another debate.

 

[Grumpy Mouse]

My question to you is why would anyone buy resale at VGF at prices $200 and up when for a few more dollars you could have direct benefits, preferred UY and desired amount of points? Plus possibly get prior years points? And have no restrictions? I need to see substantial savings buying resale. Not seeing it currently at VGF.

I can get a resale contract right now for $180 (can't put the reseller website here)
Direct will cost me $255.

On a 150 point contract, that's a savings of $11,250.

To quote the movie Idiocracy: "I like money".

What direct benefits: You mean like Annual Passes? Not.

Preferred UY - If I'm saving $11k+ - I'll spend some time working it.

Merch discounts: I can get that with my Disney Visa.

And yes, under the scenario we're discussing, there are no restrictions, even for resale. That's kind of the point.


Is everybody really thinking that Disney is going to give us 'something for free' (figuratively speaking)?? Yeah, I'll try to stay positive on that thought, but haven't seen many examples of Disney benevolence lately.

 

[Bjaiken77]

I can get a resale contract right now for $180 (can't put the reseller website here)
Direct will cost me $255.

On a 150 point contract, that's a savings of $11,250.

To quote the movie Idiocracy: "I like money".

What direct benefits: You mean like Annual Passes? Not.

Preferred UY - If I'm saving $11k+ - I'll spend some time working it.

Merch discounts: I can get that with my Disney Visa.

And yes, under the scenario we're discussing, there are no restrictions, even for resale. That's kind of the point.


Is everybody really thinking that Disney is going to give us 'something for free' (figuratively speaking)?? Yeah, I'll try to stay positive on that thought, but haven't seen many examples of Disney benevolence lately.

I could only justify $255 VGF points in very small chunks. I’m talking about a 50 point add on. For contracts that small, it’s approaching $210-$215 resale, and the $40 or so difference on 50 points doesn’t hurt that bad.

This is why I think VGF2 will have to be sold for less. I just can’t see large numbers of people buying large quantities of points at the $255 mark. Like you said, resale is still an option.

 

[Grumpy Mouse]

I could only justify $255 VGF points in very small chunks. I’m talking about a 50 point add on. For contracts that small, it’s approaching $210-$215 resale, and the $40 or so difference on 50 points doesn’t hurt that bad.

This is why I think VGF2 will have to be sold for less. I just can’t see large numbers of people buying large quantities of points at the $255 mark. Like you said, resale is still an option.

On the same (unnamed) website, I see an 80 point contract for $190. A 50 pointer just recently went for $190 also.

 

[Bjaiken77]

On the same (unnamed) website, I see an 80 point contract for $190. A 50 pointer just recently went for $190 also.

Even at $190, I’d rather go direct for a 50 pointer…probably even an 80 pointer, but it’s starting to hurt more at that number of points.

 

[Bing Showei]

That is, why in the heck would I or any prospective buyer plunk down premium cash for direct points when I can just go and buy a VGF resale contract (for thousands less) and get all the same benefits for 11 month booking; or any other o14 resale for 7 month booking. There is ABSOLUTELY no incentive to buy these new direct points.

By this logic, no one should buy any points direct in the O14. But instead...

April 2021
64,018 O14 points sold (42% of all points sold)

March 2021
50,096 O14 points sold (41% of all points sold)

Feb 2021
45,451 O14 points sold (39% of all points sold)

Jan 2021
36,586 O14 points sold (42% of all points sold)

O14 points have sold disproportionately well against the restricted points being sold today at Riviera. Back in 2018...

April 2018
23,206 Non-CCV/PVB points sold (15% of all points sold)

March 2018
32,495 Non-CCV/PVB points sold (14% of all points sold)

Feb 2018
22,079 Non-CCV/PVB points sold (10% of all points sold)

Jan 2018
26,413 Non-CCV/PVB points sold (11% of all points sold)

Without the restrictions people will certainly want to buy Disney’s sure-to-be-over-priced VGF direct anyway for all the same reasons they buy direct today.

And the biggest reason people will buy it will be the simple fact that it’s what Disney will be actively selling.

 

[Paul Stupin]

I'm really hoping that this becomes a positive and not a negative for existing VGF owners. The one and two bedrooms are definitely going to be more difficult to book now but it's impossible to figure out much else until they release more information. Could they possibly squeeze in a full size fridge and cooktop in these units?

Not sure about the one and two bedrooms being harder to book. The points are very high for them, and so many more people always want studios.

 

[TCRAIG]

On the same (unnamed) website, I see an 80 point contract for $190. A 50 pointer just recently went for $190 also.

I think those started much much higher - they’ve been reduced twice IIRC

 

[sethschroeder]

Hello,

My name is Jim XXXXX and my membership number is XXXX-XXXX-XXXX.

In 2013, I purchased a fixed week contract, at the Villas at Disney's Grand Floridian Resort & Spa, for Week 49 in a studio lake view. When I read and signed the contract, it was my understanding that my yearly reservation would be in the newly constructed building. Moreover, the public offering statement states the address as 4501 Floridian Way.

For the duration of the contract, will my reservations be made for the leasehold condominium I had originally purchased or, legally, is DVC/the onsite cast members who schedule room assignment able to assign any available villa?

It is my sincere hope that my future reservations will be honored at the original villa building.

Kind regards,
Jim

As others have said the new studios are listed as resort studios so I think it will be a new booking category. Even at CCV they break out the studios in to two categories for the FWs.

I think you will be fine but its good to be proactive.

 

[Paul Stupin]

I can get a resale contract right now for $180 (can't put the reseller website here)
Direct will cost me $255.

On a 150 point contract, that's a savings of $11,250.

To quote the movie Idiocracy: "I like money".

What direct benefits: You mean like Annual Passes? Not.

Preferred UY - If I'm saving $11k+ - I'll spend some time working it.

Merch discounts: I can get that with my Disney Visa.

And yes, under the scenario we're discussing, there are no restrictions, even for resale. That's kind of the point.


Is everybody really thinking that Disney is going to give us 'something for free' (figuratively speaking)?? Yeah, I'll try to stay positive on that thought, but haven't seen many examples of Disney benevolence lately.

I think you’re right. Resale is still the better deal, and these points will not be cheap. However, since we’re talking mostly studios, buyers won’t need as large a contract to eek out a week’s stay. So I bet Disney is hoping for selling a bunch of lower 50-200 point contracts which will have the illusion of being a good value.
And I’m still not convinced there won’t be resale restrictions.

 

[Leight19]

I really think the point charts need to be the same as current vgf studios with similar views or it creates problems for current owners. If the current studio costs 20 pt for a night and new add on studios cost 25 due to larger sq ft, history says the “value” room books out first. With so many more people competing for these rooms which are already hard to book it would effectively increase cost to stay for current owners relative to what they purchased before.

I also see this hurting resale prices as supply of available contracts goes up and the premium of owning goes down as more rooms make the 7mo window.

 

[Paul Stupin]

I really think the point charts need to be the same as current vgf studios with similar views or it creates problems for current owners. If the current studio costs 20 pt for a night and new add on studios cost 25 due to larger sq ft, history says the “value” room books out first. With so many more people competing for these rooms which are already hard to book it would effectively increase cost to stay for current owners relative to what they purchased before.

I also see this hurting resale prices as supply of available contracts goes up and the premium of owning goes down as more rooms make the 7mo window.

Resale price wise, the resort will sell out and prices do generally go up, so who knows what it will be in ten years. And if the new points are restricted thats a whole different story. Also, maybe the point charts for one bedrooms will go down!

 

[Wedgeout]

It’s fun to speculate and give an opinion. Just an opinion. I think that building will have new booking categories on the point chart. That way they can keep the points allotted to each portion separate from each other. They will have a restriction on resale points being used to book these new categories. They can continue to use those resale points for booking the other categories as it is now. Then they have a promotional price offered to only current blue card members to add on direct points. If any points remain after this promotion, the price for direct increases back to top dollar, continuing to restrict any resale contracts from booking the new categories.

 

[jennypenny]

I'm kinda hoping this works out for Disney and they decide to convert rooms at the Beach Club to Resort Studios. They would be smaller like at Copper Creek but I'd be all over that.

 

[DL1WDW2]

I'm kinda hoping this works out for Disney and they decide to convert rooms at the Beach Club to Resort Studios. They would be smaller like at Copper Creek but I'd be all over that.

Add BLT/ Contemporary to their conversion list ...