Poly DVC expansion coming 2024!

[Sandisw]

I still say VGF to RR is apples to oranges. The only similarities is the " Fancy factor" and even that VGF is more ornate vs more classic decor at RR.

One is Epcot One is MK
One is a Hotel one is separate buildings
One is new one is legacy / older

for me Epcot vs MK made me ignore everthing else even though I liked VGF1 better

I don't think we get any useful data from the comparison.

I think where the resort is located is part of the decisions when choosing.

So, it’s a fair comparison in the sense that when given the choice between two nice resorts, restrictions are not enough to sway buyers away from choosing it when they have other reasons for wanting it.

Put another way, those that want an Epcot area resort are not going to pay more for VGF, even though it’s not in the area they want simply because it doesn’t have restrictions.

I have a feeling that it’d be the same for VGF if it had restrictions. People would buy it because they want an MK area.

It’s why I think Poly tower will have them and that DVD isn’t going to be that worried it won’t sell.

 

[KAT4DISNEY]

There’s nothing to prevent setting up Poly2 as a completely new and separate condominium association that just happens to end on the same date that the PVB condominium association ends.

Yes, and they need to sell direct points to cover the construction costs of the new Poly2 tower (in addition to sales and marketing costs, of course).

True although it's been a long time since they had a brand new association with less than 50 years. I think it's an easier sell to just roll it all into one if that's the direction they take. Plus they can use the bungalows as sales bait again.
In this new World of Disney I do lean towards them deciding less than 50 years will be fine and then they'll have the freedom to completely redevelop the entire property should they wish rather than patchwork it. They probably look back and wonder if they could have rolled CCV into VWL.

 

[BeachClub2014]

True although it's been a long time since they had a brand new association with less than 50 years. I think it's an easier sell to just roll it all into one if that's the direction they take. Plus they can use the bungalows as sales bait again.
In this new World of Disney I do lean towards them deciding less than 50 years will be fine and then they'll have the freedom to completely redevelop the entire property should they wish rather than patchwork it. They probably look back and wonder if they could have rolled CCV into VWL.

You could be right. Another scenario for them is to declare Poly Tower a new association with a traditional 50-year deed expiration and apply the restrictions to resale contracts, ala Riviera. THEN, when PVB1 expires, do a refurb and roll those new points into the existing Poly Tower association.

Doing it that way allows DVD to stick with restrictions (should that be their continuing goal) keep the traditional 50-year expiration for new resorts, and ultimately combine the two associations into one.

I think it all boils down to the commitment to keep the restrictions in place.

 

[Genie+]

THEN, when PVB1 expires, do a refurb and roll those new points into the existing Poly Tower association.

With only be 8 years left at that point would they ever sell direct contracts that short? Unless there’s another way to combine at PVB1 expiration.

 

[DVCsloth]

Just got a good look from the monorail, poly2 will have a really small footprint. Do believe it is going to be a very desirable resort and will sell pretty fast.

 

[DVCsloth]

Just got a good look from the monorail, poly2 will have a really small footprint. Do believe it is going to be a very desirable resort and will sell pretty fast.

ETA, really doubt this will be in the same association. Totally different scenario than VGF, this is going to be tough to book unless you own there IMO.

 

[BeachClub2014]

With only be 8 years left at that point would they ever sell direct contracts that short? Unless there’s another way to combine at PVB1 expiration.

Who knows? Anything is possible at this point and I am just speculating with different scenarios.

 

[Genie+]

Who knows? Anything is possible at this point and I am just speculating with different scenarios.

I might buy! Choosing between 8 and 50 years, I‘m more comfortable going shorter.

 

[kdm31091]

They probably look back and wonder if they could have rolled CCV into VWL

Part of me wonders if they will attempt to do something along those lines when the original VWL gets close to expiring. I mean, what else are they going to do with it? Converting it to cash doesn’t make sense unless consumer habits change a ton by 2042. Demolishing something that is normally booked also makes no sense. I’m guessing of all the 2042 resorts, BRV has the highest chance of some type of extension/discount/whatever.

As far as Poly I really think it could go either way. I think the only compelling reason to make it a new association are the resale restrictions. Otherwise, it would seem to make more sense to roll it into the existing, especially given the limited room choices at the existing resort that are likely the reason for the expansion. Time will tell.

 

[Paul Stupin]

Part of me wonders if they will attempt to do something along those lines when the original VWL gets close to expiring. I mean, what else are they going to do with it? Converting it to cash doesn’t make sense unless consumer habits change a ton by 2042. Demolishing something that is normally booked also makes no sense. I’m guessing of all the 2042 resorts, BRV has the highest chance of some type of extension/discount/whatever.

As far as Poly I really think it could go either way. I think the only compelling reason to make it a new association are the resale restrictions. Otherwise, it would seem to make more sense to roll it into the existing, especially given the limited room choices at the existing resort that are likely the reason for the expansion. Time will tell.

Not sure why DVD would construct such a monstrous new addition and then keep it in the same association, where the zillion poly owners could use their existing points to book without spending a dime, or Disney making any money.

 

[Nabas]

Not sure why DVD would construct such a monstrous new addition and then keep it in the same association, where the zillion poly owners could use their existing points to book without spending a dime, or Disney making any money.

IMO, what Poly Tower does or does not add to existing PVB members is not particularly important.

IMO, what helps sell Poly Tower points is important.

Does making Poly Tower "exclusive" help sell Poly Tower points?

Or ...

Does being able to book the existing PVB Studios and Bungalows at 11 months help sell Poly Tower points?

 

[Sandisw]

IMO, what Poly Tower does or does not add to existing PVB members is not particularly important.

IMO, what helps sell Poly Tower points is important.

Does making Poly Tower "exclusive" help sell Poly Tower points?

Or ...

Does being able to book the existing PVB Studios and Bungalows at 11 months help sell Poly Tower points?

You have to add into that the first thing they need to decide…to keep or abandon restrictions.

Because you can only have them if Poly tower is a new association.

 

[Nabas]

You have to add into that the first thing they need to decide…to keep or abandon restrictions.

Because you can only have them if Poly tower is a new association.

Disney needs to decide if keeping or abandoning restrictions helps with direct sales.

Restrictions were supposed to help with direct sales.

Last month's RIV sales were a bit stronger than VGF, but then RIV discounts were slightly better. Is it the property, the discount, or the restriction that's helping RIV direct sales?

 

[Paul Stupin]

IMO, what Poly Tower does or does not add to existing PVB members is not particularly important.

IMO, what helps sell Poly Tower points is important.

Does making Poly Tower "exclusive" help sell Poly Tower points?

Or ...

Does being able to book the existing PVB Studios and Bungalows at 11 months help sell Poly Tower points?

Well, speaking for myself, since I’m not a fan of Poly’s outdated design, I would only buy if the new tower was in a separate association. My wife and I usually book one bedrooms, but if I wanted a studio, I’d rather book a brand new one in the tower, assuming it will have a mix of different room types.

The Bungalows, with their stratospheric points chart, are usually bookable at 7 months,

 

[Jlo85]

Disney needs to decide if keeping or abandoning restrictions helps with direct sales.

Restrictions were supposed to help with direct sales.

Last month's RIV sales were a bit stronger than VGF, but then RIV discounts were slightly better. Is it the property, the discount, or the restriction that's helping RIV direct sales?

I love how well this whole board has thought through what Disney will do. I bet we‘ve considered the implications more than Disney has. We all know it will be one exec at Disney at the 11th hour basically flipping a coin to decide.

And probably just as likely they make a bad decision that hurts sales and the resort. Love Disney, but seems like a Disney move.

 

[Sandisw]

Disney needs to decide if keeping or abandoning restrictions helps with direct sales.

Restrictions were supposed to help with direct sales.

Last month's RIV sales were a bit stronger than VGF, but then RIV discounts were slightly better. Is it the property, the discount, or the restriction that's helping RIV direct sales?

Correct. But I would say that what the last two months at least tells them that with correct pricing, restricted resorts have the ability to sell as well as ones without them.

The other question would be whether or not the time it takes to make it the norm is worth sticking it out.

Restrictions had to have been a long term sales strategy and not a short term one.

Personally, I think they will stick with them and have sales goals that reflect that.

Even if we forget about it’s sales in relation to RIV, VGF sales have been in the 70ks for 2 months…

It certainly begins to support that a resort is not going to necessarily sell better just because it has no restrictions.

Though, even now, RIV is only $1350 less for 150 points. Not sure it’s enough of a price difference to make a huge difference in what a buyer chose.

 

[Sandisw]

I love how well this whole board has thought through what Disney will do. I bet we‘ve considered the implications more than Disney has. We all know it will be one exec at Disney at the 11th hour basically flipping a coin to decide.

And probably just as likely they make a bad decision that hurts sales and the resort. Love Disney, but seems like a Disney move.

To be fair, there are only a few options that they can choose.

One is restrictions. New resort gives them the option to keep them, or abandon them…adding to PVB prohibits them from implementing.

Expiration date. Adding to PVB forces the expiration to be 2066. New resort allows them to go with 2066, 50 year contract or something else.

Only other possible option is to stop the build..

Regardless of what is decided, it will be because they believe it will give them the highest sales based on their goals.

 

[Jlo85]

Regardless of what is decided, it will be because they believe it will give them the highest sales based on their goals.

More just joking that I think we give corporations more credit than they’re due. Worked in corporate America long enough to know they aren’t as smart as we think they are. It’ll probably be whoever the President of DVC is at the time making the decision. And I bet they will wait till the last minute.

 

[pianomanzano]

We all know it will be one exec at Disney at the 11th hour basically flipping a coin to decide.

Pretty sure that’s what they did (re: flip a coin) when they announced the Poly Tower. Was on property at the preview center at SSR waiting for our room about a month after the announcement and the guides weren’t shy about how dumb they thought it was to announce Poly2 literally two weeks after starting up sales for VGF2.

 

[Jlo85]

Pretty sure that’s what they did (re: flip a coin) when they announced the Poly Tower. Was on property at the preview center at SSR waiting for our room about a month after the announcement and the guides weren’t shy about how dumb they thought it was to announce Poly2 literally two weeks after starting up sales for VGF2.

Yeah the one thing we can probably count on is the execs making the guide’s lives harder. And resale restrictions do that, so…