AstroBlasters
DIS Veteran
- Joined
- Oct 23, 2022
- Messages
- 7,501
I do like the Pinocchio border…They didn’t even change the wall paper in the bathroom.
I do like the Pinocchio border…They didn’t even change the wall paper in the bathroom.
They can get new Pinocchio border. I can possibly accept keeping wallpaper in the sleeping areas but not bathrooms. I cannot imagine what that looks like under a blacklight.I do like the Pinocchio border…
What type of room will you be in?I will hold my anger until after my stay later this month…
Still looking forward to your thoughts on the "new" roomJust a studio.
Date of end of year | Estimated capital reserves available at end of year | Estimated cost of interior refurbishment |
Dec 31, 2019 | $4.97mil | $12.27mil |
Dec 31, 2020 | $6.01mil | $13.29mil |
Dec 31, 2021 | $7.28mil | $15.15mil |
Dec 31, 2022 | $9.07mil | $16.94mil |
Dec 31, 2023 | $11.22mil | $33.38mil |
Dec 31, 2024 | $10.67mil | $35.28mil |
Wonder how this compares to BLT. Clicked on BLT and decided I will have my husband look. Too much info for my brain to processLooking at the Public Offering Statements may provide some hints about what has and hasn't happened here.
(Credit to https://dvcfieldguide.com/public for hosting all the Public Offering Statements from the last few years!)
Date of end of year Expected capital reserves available at end of year Expected cost of interior refurbishment Dec 31, 2020 $4.97mil $12.27mil Dec 31, 2021 $6.01mil $13.29mil Dec 31, 2022 $7.28mil $15.15mil Dec 31, 2023 $9.07mil $16.94mil Dec 31, 2024 $11.22mil $33.38mil Dec 31, 2025 $10.67mil $35.28mil
I don't know how much work the "Expected cost of interior refurbishment" includes, I'm assuming a total gutting beyond a normal hard goods, but I can surmise five things:
- They did accelerate the contributions to the capital reserves in recent years
- They never got all that close to amassing the capital reserves needed to satisfy the full expected cost of interior refurbishment
- They started spending in 2024 (the line for "Dec 31, 2025" was from a document written in 2024)
- Their estimates for how much money they needed jumped up dramatically from year ending in 2023 (the document was written in 2022) to the year ending in 2024 (a document written in 2023)
- They still expect to have a good chunk of capital reserves at the end of 2025
- No idea what to make of this
BLT had capital reserves of just over $36m as at Dec 2024, with an estimated internal refurb cost of $81m.Wonder how this compares to BLT. Clicked on BLT and decided I will have my husband look. Too much info for my brain to process
Bay Lake Tower, for comparison:Wonder how this compares to BLT. Clicked on BLT and decided I will have my husband look. Too much info for my brain to process
Date of end of year | Expected capital reserves available at end of year | Expected cost of interior refurbishment |
Dec 31, 2019 | $24.9mil | $56.3mil |
Dec 31, 2020 | $30.3mil | $58.0mil |
Dec 31, 2021 | $38.1mil | $62.7mil |
Dec 31, 2022 | $38.8mil | $64.6mil |
Dec 31, 2023 | $45.8mil | $87.8mil |
Dec 31, 2024 | $36.7mil | $81.5mil |
Thank you. My husband thanks you too!Bay Lake Tower, for comparison:
Date of end of year Expected capital reserves available at end of year Expected cost of interior refurbishment Dec 31, 2020 $24.9mil $56.3mil Dec 31, 2021 $30.3mil $58.0mil Dec 31, 2022 $38.1mil $62.7mil Dec 31, 2023 $38.8mil $64.6mil Dec 31, 2024 $45.8mil $87.8mil Dec 31, 2025 $36.7mil $81.5mil
Bay Lake Tower, for comparison:
Date of end of year Expected capital reserves available at end of year Expected cost of interior refurbishment Dec 31, 2020 $24.9mil $56.3mil Dec 31, 2021 $30.3mil $58.0mil Dec 31, 2022 $38.1mil $62.7mil Dec 31, 2023 $38.8mil $64.6mil Dec 31, 2024 $45.8mil $87.8mil Dec 31, 2025 $36.7mil $81.5mil
Commonalities that BLT has with VGC:Bay Lake Tower, for comparison:
Date of end of year Expected capital reserves available at end of year Expected cost of interior refurbishment Dec 31, 2020 $24.9mil $56.3mil Dec 31, 2021 $30.3mil $58.0mil Dec 31, 2022 $38.1mil $62.7mil Dec 31, 2023 $38.8mil $64.6mil Dec 31, 2024 $45.8mil $87.8mil Dec 31, 2025 $36.7mil $81.5mil
I’m seeing a drop in capital reserves at VCG to $1.8m and a drop at BLT to $8mCommonalities that BLT has with VGC:
- Expected capital reserves never got close to the total expected cost of interior refurbishments
- A drop in capital reserves available at the end of the 2025 (with refurb expected to complete mid-2025), but not a depletion, more like a regression to a recent year
- Also an increase in cost of interior refurbishment in the e2023 and e2024 years, though a much lower % increase
So who mismanaged the books? How do you underestimate so badly? Or what unexpected thing specifcally happened to have such a shortfall? I for one would have chosen higher dues and a decent refurb.Commonalities that BLT has with VGC:
- Expected capital reserves never got close to the total expected cost of interior refurbishments
- A drop in capital reserves available at the end of the 2025 (with refurb expected to complete mid-2025), but not a depletion, more like a regression to a recent year
- Also an increase in cost of interior refurbishment in the e2023 and e2024 years, though a much lower % increase
I did make a mistake with the dates, everything above should be pulled back by 1 year in my tables. Will make those edits (originals can still be found in quote posts).I’m seeing a drop in capital reserves at VCG to $1.8m and a drop at BLT to $8m
I think the figures you have quoted are the opening balance as at 31 Dec 2024