News: Disneyland Hotel Villas to have Resale Restrictions

[Nursemanit]

Restrictions will never make something more valuable. Restrictions will always hurt the long term value of this product and make it much less valuable then Grand Cal

Tell that to Ferarri or Rolex

 

[GoingSince1990]

Restrictions will never make something more valuable. Restrictions will always hurt the long term value of this product and make it much less valuable then Grand Cal

My worry about buying a resort with restrictions is that the resale points are hugely more valuable to Disney (who can resell them as unrestricted points) than to a private buyer. So at some point Disney would have an incentive to ROFR every single private sale. And this in turn would cause the private resale market to dry up altogether; why bother placing an offer if ROFR is pretty much guaranteed? Which causes a DVC purchase to become much more like a “traditional” timeshare, where if you want to get out, you are at the mercy of the developer.

 

[pianomanzano]

Personally, I don't think the resale restrictions will matter that much for VDH and don't understand the comparisons to a VGC resale. VGC has de facto resale restrictions given its high price point (one would be foolish to use those points elsewhere). I do however think that once VDH hits the resale market it'll be lower and (likely stay) lower than VGC because of how much bigger of a resort VDH is.

 

[tom1944]

Lots of arguments for and against, but I can’t help thinking that if it’s a brand new association (which would be needed for resale restrictions), to avoid confusion Disney would want some distinctive new name for the tower, as opposed to just calling it “Polynesian tower”. Fairly early on in the construction of CCV it was announced that the older DVC there would be renamed “Boulder Ridge” while the new (separate association) rooms would be “Copper Creek”. Of course Disney might still be pondering a new name for the “XYZ Tower at the Polynesian”, but the more time passes without such an announcement, the more likely it would seem to be that as with the new VGF it will be folded into the same association (which would mean no resale restrictions).

I am thinking they might name it Reflections. For some reason they liked that name, and the tower is being built close to a water feature similar to the "concept Reflection resort" which never materialized either due to economic reasons tied to the pandemic or the property having issues which made it unbuildable.

The concept drawings of the two resorts I have seen appear similar.

 

[Epcot Forever Forever]

Personally, I don't think the resale restrictions will matter that much for VDH and don't understand the comparisons to a VGC resale. VGC has de facto resale restrictions given its high price point (one would be foolish to use those points elsewhere). I do however think that once VDH hits the resale market it'll be lower and (likely stay) lower than VGC because of how much bigger of a resort VDH is.

1000% yes to all of this. The restrictions will have some impact vis-a-vis the value of VGC but it will be very minor. It’s not a riviera situation where the fundamental value of the points are less valuable than all of the surrounding resorts because of restrictions.

 

[thanxfornoticin]

I am thinking they might name it Reflections. For some reason they liked that name, and the tower is being built close to a water feature similar to the "concept Reflection resort" which never materialized either due to economic reasons tied to the pandemic or the property having issues which made it unbuildable.

The concept drawings of the two resorts I have seen appear similar.

Hadn't thought of this specifically, but what you're saying makes sense. And it seemed the original Reflections on the site of the former River Country, certainly would have fallen into the same restricted association as Riviera......

 

[Sandisw]

I think not putting restrictions at VDH would have caused some issue with RR owners as we we told restrictions would be at " all future resorts" so that is a good catch.

I do feel they would have an "out" with Poly as the expansion was " part of the plan" for the original DVC. However, based on the size of the new tower and that they are putting in rooms that look like studios I also think it is leaning towards a new association with restrictions.

The documents at RIV though did say they can change them moving forward, so as someone who owns I went in understanding that.

But, I think if they had not added them, then you might have seen them removed from RIV.

But I do agree that I can see them keep them with Poly tower.

 

[JulieBeeRN]

I am thinking they might name it Reflections. For some reason they liked that name, and the tower is being built close to a water feature similar to the "concept Reflection resort" which never materialized either due to economic reasons tied to the pandemic or the property having issues which made it unbuildable.

The concept drawings of the two resorts I have seen appear similar.

I thought the exact same thing.

 

[tom1944]

Hadn't thought of this specifically, but what you're saying makes sense. And it seemed the original Reflections on the site of the former River Country, certainly would have fallen into the same restricted association as Riviera......

This resort is much smaller than the original proposal at Fort Wilderness however with the 3 existing resorts there it does not have to be as large.

It is also a great location.

 

[GoingSince1990]

I am thinking they might name it Reflections. For some reason they liked that name, and the tower is being built close to a water feature similar to the "concept Reflection resort" which never materialized either due to economic reasons tied to the pandemic or the property having issues which made it unbuildable.

The concept drawings of the two resorts I have seen appear similar.

I was thinking of something more “Polynesian” sounding, like calling it something like the “Aloha Tower at the Polynesian” and renaming the existing PVB (for example) the “Mahalo Villas and Bungalows at the Polynesian”. (Very unimaginative, sorry, I know, but that’s why I am a mathematician as opposed to an Imagineer). But as long as they keep vaguely referring to it as the “Polynesian”, that would suggest that they are planning on keeping one big association, or have not yet made up their minds.

 

[Nursemanit]

I was thinking of something more “Polynesian” sounding, like calling it something like the “Aloha Tower at the Polynesian” and renaming the existing PVB (for example) the “Mahalo Villas and Bungalows at the Polynesian”. (Very unimaginative, sorry, I know, but that’s why I am a mathematician as opposed to an Imagineer). But as long as they keep vaguely referring to it as the “Polynesian”, that would suggest that they are planning on keeping one big association, or have not yet made up their minds.

It would have been profitable to announce that it was restricted when it was made public to drive direct RR /VGF sales. but I think the economy has them a bit undecided. The concept art is decidedly not south pacific in feel. Kinda northwest mixed-use building like there could be a dentist's office and Starbucks on the first floor.

 

[GoingSince1990]

It would have been profitable to announce that it was restricted when it was made public to drive direct RR /VGF sales. but I think the economy has them a bit undecided. The concept art is decidedly not south pacific in feel. Kinda northwest mixed-use building like there could be a dentist's office and Starbucks on the first floor.

“Starbucks on the first floor” would seal the deal if it was up to my teenage daughter!

 

[tom1944]

I was thinking of something more “Polynesian” sounding, like calling it something like the “Aloha Tower at the Polynesian” and renaming the existing PVB (for example) the “Mahalo Villas and Bungalows at the Polynesian”. (Very unimaginative, sorry, I know, but that’s why I am a mathematician as opposed to an Imagineer). But as long as they keep vaguely referring to it as the “Polynesian”, that would suggest that they are planning on keeping one big association, or have not yet made up their minds.

I could see that also.

Although I do not think they would change the name of the original WDW resort, so I believe Polynesian stays. It is iconic at this point. The tower will get a new name and it could be Polynesian related for sure.

How is this name

Hale kiaʻi which according to my google search is tower is Hawaiian/Polynesian.


Adding an edit

Kapa Wai Hale Kia'i or waterside tower

 

[AstroBlasters]

I think resale restrictions on DLT will devalue that property more than Riviera. At least with the Riv you are still in DW. I would expect very few people on the east coast would be interested in a DLT resale. On the other hand this should boost GCV resale costs . Even people on the west coast would probably want to use those points at AUl once in a while. Cant be done with restrictions. Bad choice by DVC.

If there are 3.3m total points available and we assume an average contract size of 100 points for new members then that would be 33,000 memberships. 100 points gets you ~4 nights in a studio during the busy spring break period. (It would actually be less memberships because there will be some current members who add on 25/50 points contracts, but you get the idea.)

There are ~55 million people in CA, AZ, OR, WA, UT, and NV.

The super simplified pitch:

“
$217pp for 100 points = $21,700.
$21,700 / 50 years = $434/year amortized
$8.5 dues x 100 points = $850
$434+$850 = $1284
$1284/4nights = $331/night
Add $5/night for the closing costs.

“Would you like to lock in $336/night (+ inflation on dues) at the historic Disneyland Hotel for the next 50 years when the going rate for a room $500 - $700 a night during the same spring break period?

Worried about not wanting to go to the parks every year? You can also use the points to book a studio in Hawaii if you want to skip the parks for the year.

Additionally, we recently put forward a Disney Forward vision statement to show how we want to continue to build out the resort to provide you and your family even more magic in the future!

Don’t have the upfront cash? You can lock it in with a $3,000 down payment and $260/monthly payments for 10 years or until you can pay it off early.

Remember, you are locking in vacations for you, your kids, and your grandkids to Disneyland and Hawaii for the next 50 years….”

IMO, there are at least 33,000 west coast families that will buy into that pitch.

 

[Nursemanit]

I could see that also.

Although I do not think they would change the name of the original WDW resort, so I believe Polynesian stays. It is iconic at this point. The tower will get a new name and it could be Polynesian related for sure.

How is this name

Hale kiaʻi which according to my google search is tower is Hawaiian/Polynesian.

Haole tower ​

 

[Nursemanit]

If there are 3.3m total points available and we assume an average contract size of 100 points for new members then that would be 33,000 memberships. 100 points gets you ~4 nights in a studio during the busy spring break period. (It would actually be less memberships because there will be some current members who add on 25/50 points contracts, but you get the idea.)

There are ~55 million people in CA, AZ, OR, WA, UT, and NV.

The super simplified pitch:

“
$217pp for 100 points = $21,700.
$21,700 / 50 years = $434/year amortized
$8.5 dues x 100 points = $850
$434+$850 = $1284
$1284/4nights = $331/night
Add $5/night for the closing costs.

“Would you like to lock in $336/night (+ inflation on dues) at the historic Disneyland Hotel for the next 50 years when the going rate for a room $500 - $700 a night during the same spring break period?

Worried about not wanting to go to the parks every year? You can also use the points to book a studio in Hawaii if you want to skip the parks for the year.

Additionally, we recently put forward a Disney Forward vision statement to show how we want to continue to build out the resort to provide you and your family even more magic in the future!

Don’t have the upfront cash? You can lock it in with a $3,000 down payment and $260/monthly payments for 10 years or until you can pay it off early.

Remember, you are locking in vacations for you, your kids, and your grandkids to Disneyland and Hawaii for the next 50 years….”

IMO, there are at least 33,000 west coast families that will buy into that pitch.

It would sell even faster if you got a limited Direct Member-only VDT slider for your magic band.

 

[Sandisw]

Lots of arguments for and against, but I can’t help thinking that if it’s a brand new association (which would be needed for resale restrictions), to avoid confusion Disney would want some distinctive new name for the tower, as opposed to just calling it “Polynesian tower”. Fairly early on in the construction of CCV it was announced that the older DVC there would be renamed “Boulder Ridge” while the new (separate association) rooms would be “Copper Creek”. Of course Disney might still be pondering a new name for the “XYZ Tower at the Polynesian”, but the more time passes without such an announcement, the more likely it would seem to be that as with the new VGF it will be folded into the same association (which would mean no resale restrictions).

To be fair, DVD hasn’t called it anything. We here have named it Poly tower or Poly 2, etc.

All they have said is new DVC villas coming to the resort. Maybe it will be Luau Cove tower at Poly Villa resort?

They could also rename PVB like they did VWL, which became BRV and then give the Tower its own distinct name.

DVD didn’t make a big announcement but just updated things…so we all may need to monitor documents much more closely!!

 

[cdirazonian]

The concept art is decidedly not south pacific in feel. Kinda northwest mixed-use building like there could be a dentist's office and Starbucks on the first floor.

Absolutely!
I really hope the concept art is kinda off & that they add something (anything) to the exterior decor to make it fit in a little better with the existing buildings.

 

[AstroBlasters]

It would sell even faster if you got a limited Direct Member-only VDT slider for your magic band.

It would sell even faster if they gave DVC direct members a special Magic Key like they do at WDW.

 

[tom1944]

Haole tower ​

If you have a thick skin, it would be great to be the person who names the resort. You know half or more of the people will be critical of whatever you decide.