Rumors on a *NEW* DVC resort at the World?

[spiceycat]

would love one over where Tahiti is - but that won't happen anytime soon.

if you want the monrail then buy BLT now - it will be years before Polyn - if ever.

can definitely see one at GF before Polyn.

if you like tropical would go look at OKW - that is probably the only one even close to tropical.

for some reason DVC are more atlantic coast line and northeastern - BWV, BCV, and SSR

OKW is the only one Floridian.

VWL is western mountains, AKV is africian

now if you want easy access to the parks would suggest BCV, BWV or BLT.

you can walk to Epcot and Studio (or take the boat) from bcv and bwv

from BLT you can walk to the MK and take the monrail to Epcot (or MK)

vwl has a boat to the MK or bus

 

[dizfan]

Thanks for the quick response!
When we took the DVC tour, our guide told us that BLT would most likely be sold out in February. We know it's most likely a sales ploy;

I've been tracking the BLT sales on the Orange County Comptroller web site. It would take a huge increase in BLT sales for them to be sold out in February (or Disney would have to decide to permanently keep a portion of BLT for cash reservations).

See this thread near the bottom for some info on BLT sales.

wdrl has been tracking AKV and THV sales. It sounds like BLT sales are running dramatically faster than those resorts right now. There have been over 2.4 million points sold at BLT, with more than 3 million points remaining to be sold.

Between BLT, THV and Kidani unsold points, it seems Disney has enough WDW based points to last sales for many years.

 

[Doctor P]

We are obviously saying the exact same thing here. No incentives = higher cost.

Not if the price is lower, which it has been for many of the sold out resorts. So, we are not saying the same thing.

 

[lark]

Conversion of existing Poly building doesn't seem to make financial sense at it is one of the most popular destinations as is.

I'm not really sure how it all works out, but I wonder about that. If that were true, why would WDW ever sell DVC, instead of just building more hotel space?

I would think one of the poly buildings could be converted into about 40 DVC units or so. That's probably nearly 1,000,000 points to sell. Doing this allows disney the opportunity to diversify its portfolio. It takes speculative hotel rooms and turns them into $110,000,000 in cash very quickly. Even if you assume 95 percent occupancy, it would take much longer for the hotel to bring in that revenue. Plus, the hotel has expenses, which DVC units do not have -- since owners pay all the expenses plus upkeep. In the long run, if you continue 95 percent occupancy, it's true that hotel units will make you more money. But a quick infusion of $110 million plus taking the maintenance and operations costs off the books is a good way for disney to diversify and lock up profits.

 

[Golden Rose]

I think that there will almost certainly be a DVC resort at the Poly... but I would be very surprised to see it in the next five years. DVC will always want to have something new for sale at WDW. That is one of the strongest lures for new buyers, and they would be out of their minds not to have at least one active offering there.

However, I think there are still points available at SSR because of the treehouse villas, and I know they still have a lot of availability at both BLT and AKV-Kidani. Plus, I think we may well see a second tower at the Contemporary before we see anything at the Poly, depending on just how successful BLT turns out to be.

Once SSR is completely gone and and BLT and/or AKV are mostly gone, I'm sure there will be another WDW DVC announced. They will probably have other offerings by then - Hawaii and possibly DC - but they'll need one available in WDW. At this point, I think it is a toss-up between another Contemporary Tower, the Poly, or the GF.

If you're really interested in DVC, and have figured out that it is a good deal for your family, don't wait on a Poly DVC. We've really enjoyed every DVC resort we've stayed at for different reasons (even the often maligned SSR!), and we're so happy we bought in when we did. We only wish we'd bought in sooner.

 

[Cyndibear]

Hey Corryn!

Just wanted to say Hi! We cruised together in April 2007! Just wanted to welcome you on the DVC boards! We just love DVC!

Cyndi

 

[corpcomp]

Thanks for the quick response!
When we took the DVC tour, our guide told us that BLT would most likely be sold out in February. We know it's most likely a sales ploy; but he also told us that SSR was sold out He said DVC doesn't do resales (Timeshare store does - we've looked there too ). We honestly left there thinking that something else must be in the works.
DVC in DC, huh?

Absolutely DVC does resales. We purchased our BCV contracts through DVC three tears ago. . Just tell them to put you on the list for a specific resort, give them a Use Year that you want and they will notify you when the points are in to purchase. However you will pay a premium over the Timeshare Store.

 

[DenLo]

DVC does do resales....My understanding is that they "repossess" points that might've been denied ROFR.

DVC buys the ROFR'd contract for the amount listed including closing costs and MF, they don't repossess it.

 

[wildernessDad]

I love the Poly. I especially love the bar upstairs in the Great Ceremonial House!

 

[DebbieB]

I'm not really sure how it all works out, but I wonder about that. If that were true, why would WDW ever sell DVC, instead of just building more hotel space?

I would think one of the poly buildings could be converted into about 40 DVC units or so. That's probably nearly 1,000,000 points to sell. Doing this allows disney the opportunity to diversify its portfolio. It takes speculative hotel rooms and turns them into $110,000,000 in cash very quickly. Even if you assume 95 percent occupancy, it would take much longer for the hotel to bring in that revenue. Plus, the hotel has expenses, which DVC units do not have -- since owners pay all the expenses plus upkeep. In the long run, if you continue 95 percent occupancy, it's true that hotel units will make you more money. But a quick infusion of $110 million plus taking the maintenance and operations costs off the books is a good way for disney to diversify and lock up profits.

Quick infusion of $110 million? What about the construction cost? 1,000,000 points sounds like alot for 40 units.

 

[WDW Enabler]

I have only found 1 person that I truely believe when it comes to rumors about future projects. A very nice lady who works at the permit dept near disney world. She is a DVC member, and avid Disney Fanatic. She sees the paperwork to remodel and change occupancies ect. I might have to talk to her next time I am at the world.

Michael

 

[WDW Enabler]

I've been tracking the BLT sales on the Orange County Comptroller web site. It would take a huge increase in BLT sales for them to be sold out in February (or Disney would have to decide to permanently keep a portion of BLT for cash reservations).

See this thread near the bottom for some info on BLT sales.

wdrl has been tracking AKV and THV sales. It sounds like BLT sales are running dramatically faster than those resorts right now. There have been over 2.4 million points sold at BLT, with more than 3 million points remaining to be sold.

Between BLT, THV and Kidani unsold points, it seems Disney has enough WDW based points to last sales for many years.

First. Timeshares (and hotels) are considered "sold out" at approx 90%. This is to account for the unexpected (room maint, plumbing ect). SSR has points remaining because of the Tress houses that were just added. SSR is also starting on the next expansion soon (per my sales person last Aug), so points will continue to be available for it. SSR is the workhorse of DVC, being it is always avail and the home of DVC sales, and model location.

I do not expect BLT to sell out by feb. We stayed there in sept, and other than location (which in wonderfull) I was not more impressed than at other DVC properties. Now it was still nice but there were some funtionality problems with the studio layout.

back to the point, we will never knw what disney is doing until the pull permits and start work (then the real leaks begin) until then it is gossip spread by hopefulls and "bus drivers"

Michael

 

[lark]

Quick infusion of $110 million? What about the construction cost? 1,000,000 points sounds like alot for 40 units.

I'm certainly not a construction cost expert, but I wouldn't think retrofiting an existing structure would put too huge a dent into $110 million.

Obviously, I really have no idea -- I was just sort of using ballpark numbers. I was just sort of looking at the size of the DVC portion of the new grand californian villas. And it's supposed to be over 1.2 million points. Figure that a longhouse like Tokelau has 147 rooms of 476 sqf. That's about 68,500 square feet to work with. How big is your average 2 BR at BLT? Like 1200 square feet? That would give you almost 70 units, actually. Obviously, I don't know the exact numbers or configurations, but I think 1,000,000 points for a poly longhouse seems in the ballpark.

I think the key point though is that disney clearly seems to want a mix of timeshares -- where they can get the cash up front and operate without expenses -- and hotel rooms. Otherwise, why built BLT at all? Just make it the contemporary tower no. 2 and sell it as hotel space.

 

[keishashadow]

.... Figure that a longhouse like Tokelau has 147 rooms of 476 sqf. That's about 68,500 square feet to work with. How big is your average 2 BR at BLT? Like 1200 square feet? That would give you almost 70 units, actually. Obviously, I don't know the exact numbers or configurations, but I think 1,000,000 points for a poly longhouse seems in the ballpark.

I think the key point though is that disney clearly seems to want a mix of timeshares -- where they can get the cash up front and operate without expenses -- and hotel rooms. Otherwise, why built BLT at all? Just make it the contemporary tower no. 2 and sell it as hotel space.

i think u r correct and wouldn't be surprised to see the larger moderates get their own rehashed version of a TS, as in DVC lite (smaller buyins, lower point structures, etc.) that existing members could also use if desired.

 

[hakepb]

First. Timeshares (and hotels) are considered "sold out" at approx 90%. This is to account for the unexpected (room maint, plumbing ect). SSR has points remaining because of the Tress houses that were just added. SSR is also starting on the next expansion soon (per my sales person last Aug), so points will continue to be available for it. SSR is the workhorse of DVC, being it is always avail and the home of DVC sales, and model location.

I do not expect BLT to sell out by feb. We stayed there in sept, and other than location (which in wonderfull) I was not more impressed than at other DVC properties. Now it was still nice but there were some funtionality problems with the studio layout.

back to the point, we will never knw what disney is doing until the pull permits and start work (then the real leaks begin) until then it is gossip spread by hopefulls and "bus drivers"

Michael

I'm not sure what the exact declared % of SSR was, but it has been suggested that SSR was declared "sold out" too early, so they probably have many "normal" SSR and THV points to sell.
We do essentially pay DVC to maintain a 2-3% maint buffer that is used for some cash rooms to keep our costs down (not 10%, they may of been close with too many ROFR's, though)

I've not heard about additional SSR expansion, and I hope not (unless it is totally unique like THV) because the main pool, dining and bus service cannot take that many more guests...