NEW VGF Building

[Nabas]

I think that's too early for it to be going on sale. I'd guess Dec/Jan at earliest.

Does anyone remember when RIV points went on sale?

 

[sethschroeder]

Does anyone remember when RIV points went on sale?

April for December open if I remember right

 

[JETSDAD]

Does anyone remember when RIV points went on sale?

I believe Riviera was one that opened sales earlier than most starting the end of March for a Dec open.

 

[JETSDAD]

CCV opened sales to members March 8 and to the general public April 5 for an opening of July 17....I'd probably expect closer to that sort of timeline for sales.

 

[KAT4DISNEY]

With a possible minimum purchase on direct going to 150 points in June (possibly a blue card requirement increase as well) I think we might be seeing VGF on sale for Q4 for Disney which would be July-September.

If this is actually what happens we could see more aggressive discounting on VGF to get it down closer to the RIV price point or matching it out of the gate.

I thought since the start that the only way we get close to $200/point is if Disney is selling VGF before their FY year end as this would give them a revenue infusion to pump up their numbers. Also I am not sure how they do accounting but they also might recognize VGF point sales as "100% profit" upfront since there would basically be no costs regarding this flip on the books for FY '21.

I think there's a point in the build process that it has to have reached before they can sell? Of course the building is there so it might already qualify but DVD does have to take control of it and declarations made before they can sell. I'd think that couldn't all happen until the hotel vacates it.

 

[Paul Stupin]

You are really down around $130-$140 per point typically on RIV resale contracts. For VGF that would be similar to $155-$165. I am not sure the resale restrictions are worth $15-$25/point or not I think the number of existing points somewhat makes up for the resale restriction as there will be way more resale volume from VGF because VGF1.0 already exists.

Also if things like AP discounts by the time VGF goes on sale that could have an impact on being more willing to buy direct and skip the lower cost resale option.

 

[Paul Stupin]

You are really down around $130-$140 per point typically on RIV resale contracts. For VGF that would be similar to $155-$165. I am not sure the resale restrictions are worth $15-$25/point or not I think the number of existing points somewhat makes up for the resale restriction as there will be way more resale volume from VGF because VGF1.0 already exists.

Also if things like AP discounts by the time VGF goes on sale that could have an impact on being more willing to buy direct and skip the lower cost resale option.

First, I think the ability to book at the original 14 is absolutely worth $10-$15 more in the resale market should the VGF2 contracts have restrictions. I know everyone says it won’t happen (same condo association, etc, etc) but it’s hard for me to imagine Disney retreating from this new policy so soon and confusing buyers and hurting themselves, and I wouldn’t underestimate Disney’s cleverness to pull it off.

More hard to find UYs could command a higher resale price, and I don’t think the AP discounts really make any difference, especially for buyers looking for immediate savings. But I agree that the direct sales will be pretty good initially, which will also mean that direct pricing will go up and incentives will reduce. Resale prices usually rise as a result.

 

[sethschroeder]

I think there's a point in the build process that it has to have reached before they can sell?

Technically the rooms already exist so thats pretty far in the build process. Riviera would have been less built up when they started selling it.

Of course the building is there so it might already qualify but DVD does have to take control of it and declarations made before they can sell. I'd think that couldn't all happen until the hotel vacates it.

People buy homes with current rental tenants all the time. They simply could build in that DVC couldn't do anything with the building until X date and that Cash side gets all the money from bookings until that date or something.

I really don't think there is any legal restriction on selling its more so about what timing they want and how quickly they want all the info to come out on it or if they even made final decision on things yet.

 

[KAT4DISNEY]

Technically the rooms already exist so thats pretty far in the build process. Riviera would have been less built up when they started selling it.



People buy homes with current rental tenants all the time. They simply could build in that DVC couldn't do anything with the building until X date and that Cash side gets all the money from bookings until that date or something.

I really don't think there is any legal restriction on selling its more so about what timing they want and how quickly they want all the info to come out on it or if they even made final decision on things yet.

Timeshares do have a few different regulations but I really don't know. Just my suspicion they would not have the ability by fall to sell.

 

[CarolMN]

I think there's a point in the build process that it has to have reached before they can sell? Of course the building is there so it might already qualify but DVD does have to take control of it and declarations made before they can sell. I'd think that couldn't all happen until the hotel vacates it.

Timeshares do have a few different regulations but I really don't know. Just my suspicion they would not have the ability by fall to sell.

This is my recollection as well. Villas have to be at a certain percentage of completion before they can legally be sold. My guess is that sales will begin sometime early in 2022.

 

[Nabas]

This is my recollection as well. Villas have to be at a certain percentage of completion before they can legally be sold. My guess is that sales will begin sometime early in 2022.

At this point, does Disney Vacation Development even own the building?

I assume they cannot sell it until the transfer occurs.

 

[CarolMN]

At this point, does Disney Vacation Development even own the building?

I assume they cannot sell it until the transfer occurs.

Just guessing that DVD will make some type of agreement to lease the land & existing building from whoever owns it now. Don't know if that is the parent corporation or one of the subsidiaries. I suspect there are also some type of inter-department agreements that cover the costs for the shared common areas & amenities. Lots of legal paperwork involved, I'm sure. Perhaps some is already done. No idea.

 

[Nabas]

Just guessing that DVD will make some type of agreement to lease the land & existing building from whoever owns it now. Don't know if that is the parent corporation or one of the subsidiaries. I suspect there are also some type of inter-department agreements that cover the costs for the shared common areas & amenities. Lots of legal paperwork involved, I'm sure. Perhaps some is already done. No idea.

It would be interesting to know if DVD can do the transfer while the building is occupied by cash-paying Guests at the Grand Floridian. I'm guessing the answer is "yes".

 

[DVCsloth]

Hoping they bring back the GF Orchestra! And I'm not thrilled about Studios only. At least they aren't adding cabins, I hope!

 

[Nabas]

Hoping they bring back the GF Orchestra! And I'm not thrilled about Studios only. At least they aren't adding cabins, I hope!

We used to always book 2-bedroom villas, and usually had many options at 7 months.

Now that we are empty-nesters, we book Studios.

Studios are a lot harder to book at 7 months than 2-bedrooms.

We are very glad they are adding 200 Studios!

 

[DVCsloth]

We used to always book 2-bedroom villas, and usually had many options at 7 months.

Now that we are empty-nesters, we book Studios.

Studios are a lot harder to book at 7 months than 2-bedrooms.

We are very glad they are adding 200 Studios!

We like to alternate between 1BR and Studios, just hoping it won't make the 1 BR harder to get.

 

[Nabas]

We like to alternate between 1BR and Studios, just hoping it won't make the 1 BR harder to get.

Some are worried about that.

But it also could be that current VGF1 members have been booking 1BR because they could not get the Studio they wanted.

Who knows, maybe it will become easier?

 

[Lisa51683]

Really excited by this. Looking to purchase my first contract in the next year or so, was looking at riviera but if this is similarly or only slightly higher priced but would love it but in at grand Floridian!

Do you know how the expiration year compares? We have been looking into RIV and Poly, leaning towards RIV because of price but I may hold out for VGF now. Just wondering about expiration year.

 

[dvc lover 1970]

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.

I doubt it. BC resort fillsany times. They use the convention center between YC and BC.

 

[dvc lover 1970]

Do you know how the expiration year compares? We have been looking into RIV and Poly, leaning towards RIV because of price but I may hold out for VGF now. Just wondering about expiration year.

VGF Is 2064, RIV Is 2070, and Poly is 2064 or 66 cant remember.