NEW VGF Building

[JETSDAD]

I also am one that thinks prices will be lower than current direct VGF pricing. They sold some points at 255 but selling millions of points is another story. I think it's going to approach 2 million points and this is being done as a quick cash grab so they're going to want attractive pricing (not cheap by any stretch of the imagination but a price that sells through quickly).

 

[RoseGold]

Yes but we're people buying at that price in large enough quantities to burn through 1.7M points? Especially considering it will be known the addition is studios, so you don't need a 300 pt contract for a stay in a high season. Who knows, obviously some new buyers won't be well versed in the resort room structure.

There's a lot of places in the charts where RIV is just a hair cheaper than VGF. Playing with the VGF studio chart might make VGF cheaper than RIV on bigger rooms!

If there's an overpriced resort Disney can sell with some postcards and some ice cream, it's VGF. I have no doubt they can sell this no matter what the pricing or chart is.

 

[CastAStone]

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?

On the 2021 points chart, each standard studio costs a total of 7873 points to book every night all year, and each lake studio is 9224 points to book for a year. The building they will redo is currently approximately 40% standard, 45% lagoon, and 15% Theme Park view (plus 2 mega suites) so if you assume 40% standard and 60% lake view it’s 1.74M points

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?

SSR has a separate schedule for the treehouses. So I imagine so.

The current resale on DVC Market has 100pt contract @ $214/pt. Thats up from what I've seen by about $20-30/pt. I would anticipate this will inflate higher based off of FOMO, but then will settle down.

They also have a 150 pointer for $186. Someone is just being greedy.

I'm trying to guess if DVC is just being sloppy in their wording with "Resort studio" or if it does mean a different category which will be more like keeping the 2 queens plus a single murphy bed.

I imagine we will find out very soon! It needs to go on the 2022 charts and in theory booking should open later this summer!

 

[Sheldon C.]

Capitalized "Resort Studios" makes it seem intentional, not sloppy. Or they need a copy editor...

Resort Studio= A Studio w/ a King size bed? When I originally bought at GF, I found that the studios only containing a Queen to be strange.

 

[CastAStone]

I also am one that thinks prices will be lower than current direct VGF pricing. They sold some points at 255 but selling millions of points is another story. I think it's going to approach 2 million points and this is being done as a quick cash grab so they're going to want attractive pricing (not cheap by any stretch of the imagination but a price that sells through quickly).

No, to me that is obvious. Like you said at current pricing they’re selling a few hundred points a month. If they want to sell thousands of points a month, they need to lower the price.


Everyone thinks the worst about DVC (and with good reason!), but the doom and gloom scenario here doesn’t maximize their profits.

 

[CastAStone]

Resort Studio= A Studio w/ a King size bed? When I originally bought at GF, I found that the studios only containing a Queen to be strange.

My guess is that it will keep the hotel setup of 2 real queens and a daybed.

 

[Starport Seven-Five]

Yeah, there is no way DVC is charging current direct pricing when they start offering VGF2. It would take longer than Aulani to sell out.

 

[Sandisw]

I'd argue the extension is a more convincing argument for discounting dues. Why should I pay to replace the roof when my contract expires next year and I never agreed to any of this extension mess in the first place?

By default though, every 2042 owner is really extended to 2057. That is why they have to sign a quit claim when they sell to relinquish their right. We don't know for sure what will happen in 2042, but I think there will be many owners who neither paid, signed, or sold and will be given those 15 years for free.

 

[Sandisw]

That stuff happens to various rooms. Someone will probably follow with a report that their 1BR was pristine.

Yup! My 1 bedroom SV in March was in fabulous shape!

 

[JETSDAD]

Resort Studio= A Studio w/ a King size bed? When I originally bought at GF, I found that the studios only containing a Queen to be strange.

The current hotels rooms there I believe are 2 queens and a day bed/pullout. They have said they will sleep 5 which rooms with a King bed do not do.

 

[Sheldon C.]

My guess is that it will keep the hotel setup of 2 real queens and a daybed.

Lets split the difference and hope that they can provide some variety!

What do we think annual dues will look like?!? GF traditionally has been lower than other resorts.. should we anticipate an increase?

 

[KAT4DISNEY]

I imagine we will find out very soon! It needs to go on the 2022 charts and in theory booking should open later this summer!

There doesn't have to be the 11 month window for this. A new build will open for booking when it's reached a point they can guarantee the opening date so it might be awhile before we know.

 

[Heather07438]

Put me down for 50 points direct. I did this with Riviera as well. It will be interesting to see if they have the same resale restrictions.

One of the reasons I’m not 100% sure they cannot or will not include the resale restriction is because the positive it holds. Reflections has been cancelled (may or may not return, who knows but it’s not in the near term). Adding another option to share the resale restriction is a plus. It doesn’t sound as bad as being restricted to one resort. I’m expecting the new DVC tower at Disneyland Hotel to join in as well.

Possibly they had:
RIV, REF, DLH to share restricted access

Now maybe instead RIV, VGFv2, DLH?

Inside it could be the intention all along was to have RIV soon sharing the restriction before enough of the new restricted contacts went to resale and caused a potential headache. Having a few restricted resorts grouped together could help in many ways. For one, the restriction sounds less risky if you can still trade into 3 highly desirable resorts.

 

[Sandisw]

I also am one that thinks prices will be lower than current direct VGF pricing. They sold some points at 255 but selling millions of points is another story. I think it's going to approach 2 million points and this is being done as a quick cash grab so they're going to want attractive pricing (not cheap by any stretch of the imagination but a price that sells through quickly).

I agree. You will now have both RIV and VGF in active sales and I think they will want them closer in price. One Epcot area, one MK area. May be encouraging people to buy a combination of both...that is potentially what I will be doing.

What will be interesting is when sales can start. Normally, when they sell new, you can buy early, just cant use points until opening date. Since these are going to be added to the VGF holdings, and VGF1 is open, it seems like they couldn't offer points for sale until there is a date to actually book and use?

 

[stwaldman]

There's a lot of places in the charts where RIV is just a hair cheaper than VGF. Playing with the VGF studio chart might make VGF cheaper than RIV on bigger rooms!

If there's an overpriced resort Disney can sell with some postcards and some ice cream, it's VGF. I have no doubt they can sell this no matter what the pricing or chart is.

I agree they can get a premium over RIV, but there's a limit to every price point. Current owners know that the $255 price point was built for people who needed small add on contracts on a tough point chart (or wanted their annual weekend MK loop stay), not a price point for a full contract (although I'm sure some wealthy folks bought it ). Yes, I think they'll command a good price on new sales, but as we see with CC and RIV, a lot of people buy with the intent of using small units. That's a lot of 125 point contracts to sell if so!

 

[RoseGold]

Having a few restricted resorts grouped together could help in many ways. For one, the restriction sounds less risky if you can still trade into 3 highly desirable resorts.

This isn't what RIV resale says. It says you can't trade into anything and can only book at RIV. It's not DVC2. It's just RIV, all alone. That's the point. The restriction is supposed to be risky.

 

[Heather07438]

This isn't what RIV resale says. It says you can't trade into anything and can only book at RIV. It's not DVC2. It's just RIV, all alone. That's the point. The restriction is supposed to be risky.

I thought there was wording about potential new resorts?

 

[KAT4DISNEY]

One of the reasons I’m not 100% sure they cannot or will not include the resale restriction is because the positive it holds. Reflections has been cancelled (may or may not return, who knows but it’s not in the near term). Adding another option to share the resale restriction is a plus. It doesn’t sound as bad as being restricted to one resort. I’m expecting the new DVC tower at Disneyland Hotel to join in as well.

Possibly they had:
RIV, REF, DLH to share restricted access

Now maybe instead RIV, VGFv2, DLH?

Inside it could be the intention all along was to have RIV soon sharing the restriction before enough of the new restricted contacts went to resale and caused a potential headache. Having a few restricted resorts grouped together could help in many ways. For one, the restriction sounds less risky if you can still trade into 3 highly desirable resorts.

The Riviera resale restrictions limit it to only Riviera. Riviera resale was never going to trade into anything else so 3 or 1 makes no difference other than with 3 there are 3 other resort owners with the same predicament of only having their own home resort to use.

 

[KAT4DISNEY]

I thought there was wording about potential new resorts?

Yes. That they would not be available either.

 

[KAT4DISNEY]

I don't think VGF will start sales at the price point it's at now. Or if it does it will just have huge discounts. It will be similar to whatever RIV is at the time or something that gets it a tiny bit below for a short time then gets up even.