Resale Restrictions (post POLY announcement)

[Sandisw]

DVD could possibly wait as long as until about a month before it begins sales of the new Poly (still a long way off) to reveal whether it is a new DVC or part of the existing POLY DVC. That is usually when DVD files the POS documents (which will be either an entirely new set if a separate resort or amendments to the old set if an addition to the existing Poly DVC) with the Orange County Comptroller, which must be filed before any sales can begin.

It will be interesting then to see how they address that direct question because I am sure they are already getting emails asking.

 

[zavandor]

Disney’s Polynesian Villas & Bungalows currently has 380 Disney Vacation Club villas, including the largest Deluxe Studios at any Disney Vacation Club resort at Walt Disney World and unique two-bedroom Bora Bora Bungalows, located over the waters of the Seven Seas Lagoon – the first of their kind at Disney.

"Currently" is a key word. I would use it in a sentence only if I expect it to change in the future.
I think it makes more sense if it's added to the same condo association, it would become a more well rounded resort. Otherwise when PVB1 expires, they'll have the same problem they had originally, resell a resort with just studios. However, I don't think current management values much something that will happen 42 years in the future, so it can really go either way.

 

[gharter]

I would expect DLT to continue restrictions. Probably 99% of those points will be bought to use just there, so the restrictions will not have much affect.

I don't think what happens at DLT will make much difference. As you noted, most of those points will be used there. If it is anything like GC, there will next to no availability at 7 months so having restrictions or not doesn't matter if nothing is available.

 

[Sandisw]

"Currently" is a key word. I would use it in a sentence only if I expect it to change in the future.
I think it makes more sense if it's added to the same condo association, it would become a more well rounded resort. Otherwise when PVB1 expires, they'll have the same problem they had originally, resell a resort with just studios. However, I don't think current management values much something that will happen 42 years in the future, so it can really go either way.

And see I read that more as letting them now that the current DVC offerings include X, and that the new resort (not the same part of it) will add even more options for owners who want to stay at Poly resort as a whole.

So, just like at Wilderness Lodge...you can choose CCV and stay within the main building OR you can stay at BRV and be a little farther away from it all! So, to me, that word currently doesn't mean it will change, but prompting new buyers to know that they will have a lot of options buying into the new resort to stay at their beloved resort.

See what DVC has done? Make us all become English experts in trying to add meaning to the SAME word!!!! LOL

 

[zavandor]

And see I read that more as letting them now that the current DVC offerings include X, and that the new resort (not the same part of it) will add even more options for owners who want to stay at Poly resort as a whole.

So, just like at Wilderness Lodge...you can choose CCV and stay within the main building OR you can stay at BRV and be a little farther away from it all! So, to me, that word currently doesn't mean it will change, but prompting new buyers to know that they will have a lot of options buying into the new resort to stay at their beloved resort.

See what DVC has done? Make us all become English experts in trying to add meaning to the SAME word!!!! LOL

It doesn't say that DVC or the Polynesian resort currently has
x units. It says that the Polynesian Villas and bungalows currently has x units. But I don't really think it proves anything. It might just be the press release editor who was wrong in forming the sentence. We won't know for sure until they clarify and it might be years from now.

 

[Sandisw]

It doesn't say that DVC or the Polynesian resort currently has
x units. It says that the Polynesian Villas and bungalows currently has x units. But I don't really think it proves anything. It might just be the press release editor who was wrong in forming the sentence. We won't know for sure until they clarify and it might be years from now.

Correct and the announcement specifically say the DVC villas were coming to the Poly Village Resort.

I was more referring to the word currently for DVC and not seeing that meaning more were coming to the villas. It just was saying that is what is currently offered at the Poly for DVC.

And, just that people can interpret everything to fit what they think it means. I think the language leads to being a new association and others see it the complete opposite. Which is what DVC obviously wanted to happen.

 

[Minniemoo15]

It will be interesting then to see how they address that direct question because I am sure they are already getting emails asking.

I asked my guide this question and he said they “don’t have any details on the new Polynesian project yet” but that he would let me know when they did.

 

[Bearval]

Some may guess that the new Poly building will be part of the existing Poly DVC. If it is not, it is far more likely that DVD's plan to maintain the Riviera resale restrictions for future resorts has not changed.

There are indications that the new Poly building will be its own, separate DVC resort. The fact that DVD will be going to the expense of building a whole new, very large building rather than just doing the far less expensive refurb that it did for VGF2 is one indication.

Another indication lies in the difference between the initial announcements made for adding VGF2 and adding the new Poly building. The initial VGF2 announcement specifcally referred to the addition of the studios as "an expansion of The Villas at Disney's Grand Floridian Resort and will be a part of its current condominium association." See, e.g., dvcnews.com/resorts/grand-floridian/news/5028-disney-vacation-club-to-add-villas-at-grand-floridian?utm_source=dlvr.it&utm_medium=twitter. The announcement for the the new Poly building says nothing about making it part of the existing DVC at Poly, but instead says the new building "will complement the existing resort" (referring to all of Poly not just DVC) and "would join the rest of the resort [again all of Poly] in offering stunning views of the Magic Kingdom."

I would think it would be part of the existing Poly resort

It will be interesting then to see how they address that direct question because I am sure they are already getting emails asking.

I am willing to bet it will be part of the existing resort. Gets a little complicated when most of the resort expires early plus people don't seem to mind paying top dollar for less years left on a contract.

 

[BWV Dreamin]

Correct and the announcement specifically say the DVC villas were coming to the Poly Village Resort.

I was more referring to the word currently for DVC and not seeing that meaning more were coming to the villas. It just was saying that is what is currently offered at the Poly for DVC.

And, just that people can interpret everything to fit what they think it means. I think the language leads to being a new association and others see it the complete opposite. Which is what DVC obviously wanted to happen.

What confuses me is the term “ New Poly Village Resort”. If it were part of the same association why would it have a different title?

 

[Sandisw]

What confuses me is the term “ New Poly Village Resort”. If it were part of the same association why would it have a different title?

The Poly Village Resort is how they term the WDW hotel side. That is what I thought was interesting because it didn't say Poly Villas and Bungalows.

Now, it could be semantics...but enough to make me ponder what will happen.

Lots of terms that give pause:

the proposed vacation ownership property - sounds new

yet another incredible option - could be either

proposed property would join the rest of the resort - not the DVC, but the resort - implies new

So, yeah, whomever created the announcement either did things on purpose (my guess) to be vague or they believed it was clear it is new or old (which it is not).

 

[Johtull12]

What confuses me is the term “ New Poly Village Resort”. If it were part of the same association why would it have a different title?

I know it’s an old thread but it’s relevant:

On May 2, 2014, it was announced that the resort would revert to the Disney's Polynesian Village Resort title while expanding further to include Disney Vacation Club accommodations as well as enhanced resort amenities. On April 1, 2015, the third expansion officially opened

 

[BWV Dreamin]

I know it’s an old thread but it’s relevant:

On May 2, 2014, it was announced that the resort would revert to the Disney's Polynesian Village Resort title while expanding further to include Disney Vacation Club accommodations as well as enhanced resort amenities. On April 1, 2015, the third expansion officially opened

I’m not following..…..are you saying because the new resort has a different name it will be a different association?

 

[Johtull12]

I’m not following..…..are you saying because the new resort has a different name it will be a different association?

I honestly don't know. I just thought it was interesting that they renamed the hotel side of Poly in the same press release as the villas and bungalows citing them as an inclusion and expansion. I think we're probably pretty close to seeing what's going to happen. I think for most people, it doesn't matter if they're added to current deed or not the Poly is OG Disney, my first stay I was just a kid in 1979 and it was one of my few early memories, I don't remember turning six but I remember the Polynesian that year.
Got my popcorn ready to see what happens though!

 

[DonMacGregor]

I think we're probably pretty close to seeing what's going to happen.

I think you’re still in for a long wait. The VDH tower is about 18 months or so ahead of the Poly tower, construction-wise, and we still know almost nothing about it. Obviously we know it will be a new association as there is none currently at DLH, but beyond that there's very little info available. No sales date, possible cost per point, no info on potential resale restrictions, nothing.

 

[Sandisw]

I think you’re still in for a long wait. The VDH tower is about 18 months or so ahead of the Poly tower, construction-wise, and we still know almost nothing about it. Obviously we know it will be a new association as there is none currently at DLH, but beyond that there's very little info available. No sales date, possible cost per point, no info on potential resale restrictions, nothing.

This just triggered a thought. Maybe they will announce the Poly tower decision around the same time they do VDH, especially if it will have restrictions?

What better way to cement the policy to show that both VDH and the new Poly tower will be restricted to help with overall sales now??

 

[BWV Dreamin]

I think answering this question early can better help the future purchasers and have a more predictable sales pitch.

 

[CarolynFH]

I think answering this question early can better help the future purchasers and have a more predictable sales pitch.

Hmm, if DVD announces soon that both VDH and Poly2 will have resale restrictions same as RIV, what would that do to Poly1 resales?

 

[BWV Dreamin]

Hmm, if DVD announces soon that both VDH and Poly2 will have resale restrictions same as RIV, what would that do to Poly1 resales?

Same as it did with VGF. Pretty much tanked them early on. Stopped the increased price point early on, then dropped the resales price over time by $15-$20/pt. Cant even sell them now. They were hot once they were listed. After the opening price at VGF2 was announced, that dramatically effected how long those contracts would stay on the market.