No time to look and see if this is out yet (on lunch) but just in case
Disney time shares are coming to the Animal Kingdom, with a plan for 458
units, the company said Wednesday.
According to Disney, the time shares will be a mix of new construction and
renovated accommodations in part of the Animal Kingdom Lodge. They'll
feature African-inspired details and most will offer views of a savannah
inhabited by a variety of animals.
Disney's Animal Kingdom Villas will be the company's eighth time-share
property -- the sixth at Walt Disney World -- and was hailed Wednesday as a
smart business decision.
"It's a major plus," said Michael Hewell, a former Disney employee who now
escorts guests through the parks with his company, Michael's VIPs, and owns
the online Web site, TourGuideMike. "Disney's going to sell every single one
of them."
As for the choice of Animal Kingdom, Hewell said, "It's the true retreat,"
and added, "For those people who want to rest away from the theme park
madness, they now have a choice."
Time shares have long been popular in Central Florida, but more so in recent
years. In 2001, 10 percent of Orlando visitors stayed in time shares. Last
year, that number had increased to 15 percent.
From 2001 to 2005, the number of time-share units jumped 26 percent, from
15,157 to 19,099, according to the Orlando/Orange County Convention &
Visitors Bureau. Hotel-room growth, on the other hand, grew only 2 percent
during the same five-year period.
Disney's entry into the time-share market was a big help to the industry,
said Robert J. Webb, a veteran real estate and time-share industry attorney
with the Baker Hostetler law firm in Orlando.
"Disney's entry was part of a paradigm shift" in the 1990s, Webb said, when
brand names such as Marriott and Disney entered the time-share field, long
dominated by small operators. "It helped bring a lot of credibility to the
industry."
The expansion of the Disney time-share holdings is a reflection of the
strength of the industry and Disney's commitment to its resort business,
said Webb, who has represented Disney as an outside counsel in the past.
"It's an excellent example of the evolution," Webb said, of hospitality
companies relying on a mix of hotels and time shares for accommodating guests.
Disney historian Michael Broggie said the new time shares are a continuing
affirmation of Walt Disney's decision to build in Central Florida.
"It also is a reflection of the confidence that [Disney chief] Bob Iger has
in Central Florida and investing the company's assets there," Broggie said.
Development of the Animal Kingdom Villas is scheduled in phases, with units
to begin opening in fall 2007. The project is scheduled to be completed by
spring 2009.
The first phase will include 134 remodeled accommodations on the fifth and
sixth floors of the Animal Kingdom Lodge, and additional phases will include
the building of 324 vacation properties in a new building at the resort.