Question on Developer vs. Member Inventory at BLT

[dismedvc]

I just registered on this site, so this is my first post. (I will add a signature and spice up the look of future posts, and I ask for your understanding if this post does not format well)

I have been a DVC member since 1999 at BWV, with paperwork in process to add on at BLT.

I thought I was the ultimate Disney fanatic, but some of you put me to shame, so I bet you know the answers following three questions:

1. What is Disney’s standard procedure for dealing with “developer inventory” at resorts that are not sold out? For example I was told that BLT has 20 studios with MK views. If BLT is only 20% sold out on March 1, 2009 (when they start taking reservations) and I try to get a studio with a MK view will there be only 4 available to members and the other 16 be only be available to people paying cash? (It would really stink if a member could not get their desired room using points, but rooms were available to non-members willing to pay cash.)

2. Does Disney declare the “member units” proportional to the views? For example, if BLT was only 20% sold out, potentially could all the room available to be booked with points end up being LV or SV with no MK views available?

3. Related to question 2, is there any way of tracking which rooms have been declared for members, and which rooms are still in developer inventory? Our deed is for a % of unit 5C at BLT, so I assume that unit has been declared for members, but is there any way of knowing the location of the rooms in that unit, as well as other units declared for members?

Thanks in advance for your responses.
My family is looking forward to New Years eve at BWV.

 

[Blahnde]

I cannot answer your specific questions about member inventory, but hopefully someone else will be able to help. However, I thought I would let you know that I am the proud owner of a percentage of unit 2B. So now you know that at least 2 units (2B and 5C) have been declared into member inventory.

I don't know what size or specifically where (what view) these units are, but my guess (and it is only a guess!) is that there are A, B, and C units and that they correspond to Grand Villas, dedicated two-bedrooms, and lock-off two-bedrooms. These are officially the only types of units at BLT. But all of this is just a guess; all I know is that you own part of 5C and I own part of 2B.

Blahnde

 

[Dean]

I just registered on this site, so this is my first post. (I will add a signature and spice up the look of future posts, and I ask for your understanding if this post does not format well)

I have been a DVC member since 1999 at BWV, with paperwork in process to add on at BLT.

I thought I was the ultimate Disney fanatic, but some of you put me to shame, so I bet you know the answers following three questions:

1. What is Disney’s standard procedure for dealing with “developer inventory” at resorts that are not sold out? For example I was told that BLT has 20 studios with MK views. If BLT is only 20% sold out on March 1, 2009 (when they start taking reservations) and I try to get a studio with a MK view will there be only 4 available to members and the other 16 be only be available to people paying cash? (It would really stink if a member could not get their desired room using points, but rooms were available to non-members willing to pay cash.)

2. Does Disney declare the “member units” proportional to the views? For example, if BLT was only 20% sold out, potentially could all the room available to be booked with points end up being LV or SV with no MK views available?

3. Related to question 2, is there any way of tracking which rooms have been declared for members, and which rooms are still in developer inventory? Our deed is for a % of unit 5C at BLT, so I assume that unit has been declared for members, but is there any way of knowing the location of the rooms in that unit, as well as other units declared for members?

Thanks in advance for your responses.
My family is looking forward to New Years eve at BWV.

DVC normally does a phased addition where they declare one "unit" at a time. A unit can be a single room (? 3 BR) but is usually multiple rooms together. ONLY what has been declared is part of DVC, the rest is theirs to do with what they want including rent or give away. Members have no access and no right to developer inventory, it's like it's a totally separate non DVC resort. If BLT sells that quickly they will continue to add inventory so that the entire structure would be declared before the sell out date. DVC normally keeps between 2-4% of the points unsold, mostly for maint reasons but they can rent it if they want. That inventory is available to members until it is reserved by DVD using their points.

Having inventory available through CRO is a normal thing. This inventory is not available to members using points. Besides developer inventory, there are other reasons where CRO will have rooms but there are no points rooms. These include rooms reserved by points members have given up for cash type exchanges (CC, DCL, DC, etc.) and breakage inventory (DVC inventory at 60 days our or less). DVC also has the right by the POS to anticipate breakage inventory and give up those rooms ahead of time.

My guess is DVC will declare the "units" by floor for the most part with 3 BR being a single unit unto themselves. This should add all views fairly evenly to the system. From a purchase standpoint the variable is UY and number of points available, each tied to a given unit. From a reservation standpoint it's declared inventory. Say 50% is sold out by the day the start taking reservations but there's nothing available that day when you call. Then DVC adds further inventory a week later. Those that call when the new inventory is added, will be able to get those units even if nothing was available when you called. Potentially they could only declare one view and not the others but that is not realistic IMO.

Units are declared to Orange County, you can track the units there. That has been done for AKV, not sure about BLT if anyone has it down to that level currently.

 

[DebbieB]

The way I understand it, the units declared use a different number system than the actual room numbers. So theoredically, a member could be assigned any room in the building, is that correct? It's just a matter of how many rooms are available for points reservations?

 

[disneynutz]

Historically DVD declares as they build. When a section or floor is completed, DVD will declare those units and sell, sell, sell.

They will also open the resort and allow occupancy before the project is completed. I expect BLT to follow the same pattern as AKV and SSR. DVD wants to open the resort and rent out the declared rooms as soon as they can. Final completion of the resort could be several months, or more than a year after it is opened.

 

[bookwormde]

Since BLT is hotels style it s slightly different than SSR or even AKV, the time from 1st room finished to all rooms finished will be relatively short. Once they are declared they become “points” room whether used by members, used a incentives as developer points, rented by DVC or moved to CRO for points which are traded out for non DVC stays. For units that are not declared the “developer” is free just to get income however they see fit which I would assume is probably just through CRO.

I am sure DVC will only declare what they need for sales since the undeclared units provide more flexibility for cash income.

bookwormde

 

[Melani]

I had a different BLT question.

I read you could get a $5/pt discount if you finance through Disney.

Do you know if this applies to add-ons?
Is there a minimum purchase to receive the discount?
Is there an early pay-off penalty?

Thanks

 

[Tara]

I cannot answer your specific questions about member inventory, but hopefully someone else will be able to help. However, I thought I would let you know that I am the proud owner of a percentage of unit 2B. So now you know that at least 2 units (2B and 5C) have been declared into member inventory.

And I can tell you I just signed papers for a % of unit 2A.

 

[LisaS]

3. Related to question 2, is there any way of tracking which rooms have been declared for members, and which rooms are still in developer inventory? Our deed is for a % of unit 5C at BLT, so I assume that unit has been declared for members, but is there any way of knowing the location of the rooms in that unit, as well as other units declared for members?

As Dean said, you can get that information from the Orange County Comptroller's website. Each time Disney declares a new Unit into the condominium, they file a document with the county. Those documents include a drawing showing where the Unit is located within the building. Floor plans are included as well so you can see the number and types of rooms that make up each Unit. I don't know what makes up a typical Unit in BLT but for AKV, a Unit might contain three or four dedicated studios or one or two 2BR lockoffs or one GV for example. I tracked the Units for Jambo House. TSMIII and Monorail Purple&Gold are tracking the Units for Kidani Village here. If you take a look at that thread, you will see the type of information that is available on the county website.

 

[RobDoc]

I had a different BLT question.

I read you could get a $5/pt discount if you finance through Disney.

Do you know if this applies to add-ons?
Is there a minimum purchase to receive the discount?
Is there an early pay-off penalty?

Thanks

The $5 discount is available for add-ons of 100 points or more and for new purchases of 160 (or more) points.

Financing is available thru DVC for purchases of 50 points or more. There is no penalty for paying off the mortgage early. Again though - the $5 discount is available only with a minimum add-on of 100 points. For add-ons of less than 100 points the purchase price is $112 per point.

 

[della]

And I can tell you I just signed papers for a % of unit 2A.

I also signed for % of unit 2A.

 

[dismedvc]

FYI for anyone following this thread, the answer is posted in the DVC Mousecellaneous forum under the thread title "Declared phases for BLT to date" by bookwormde

 

[hakepb]

But did anybody determine say, if only the lower 50% of BLT units have been declared by the day of the first reservation begins, does that mean all DVC owners will have to check in only to those those lower floors?

Or does the reservation process/room ready systems exist for all occupiable units, Seperate from the DVC reservation system which only has available inventory based on available inventory/declared.
So potentially a DVC owner on points could stay in an "undeclared" room as long as DVC owners as a whole are not using up more units than declared?

 

[JaxDisneyFans]

Owner of a % of 5B here.

 

[Dean]

But did anybody determine say, if only the lower 50% of BLT units have been declared by the day of the first reservation begins, does that mean all DVC owners will have to check in only to those those lower floors?

Or does the reservation process/room ready systems exist for all occupiable units, Seperate from the DVC reservation system which only has available inventory based on available inventory/declared.
So potentially a DVC owner on points could stay in an "undeclared" room as long as DVC owners as a whole are not using up more units than declared?

My understanding for similar past situations is it depends on whether the undeclared inventory is ready for occupancy at the time of opening. Technically DVC could do either, restrict access to only declared portions or spread members out throughout the entire building. With phased properties there is a build in restriction since the newer building are not ready. At SSR they generally didn't use those buildings when total booking did not dictate otherwise. DVC has had 3 former similar opportunities with BWV, BCV and VWL. I'm pretty sure they opened and used the entire property for VWL and BCV, for BWV I simply don't have enough info to know, maybe someone else does. They could do anything they wanted. They could open the entire building but restrict members to declared rooms, they could close off part of the building and only use a part, they could open it all and not worry about which units were declared.

My guess is they will open the entire building if it's completely ready and not worry about this issue as it wouldn't matter to DVC or DVD as long as they restricted bookings to the appropriate number of rooms. They will likely close off certain floors if not needed and certainly would do so if not completed.