The THVs are only a small part of the Saratoga Springs Resort and are not a separate resort. Some time prior to 2009, Disney announced that SSR was "sold out", a term that has different meanings to different people. In January 2009, Disney expanded SSR by adding the 60 THVs and once again began selling points in SSR. Disney declared 30 of the 60 THVs for the
DVC membership and, by doing so, made 452,625 SSR points available for purchase. These 452,625 points represent the real estate interest added to SSR when the THVs were added to the resort. As of June 4, 2010, Disney has sold almost 43% of the these points.
I am remiss in referring to the Units Disney declared for the THVs as "THV Units." They are SSR Units, which just so happen to contain the THVs.
Although Disney had previously stated SSR was "sold out" prior to 2009, no one knows how many points Disney actually had sold to the public. The conventional wisdom is that Disney retains 2% to 4% of a resort for itself and sells the rest. However, Disney could retain 5%, 10%, or whatever percent they want and still announce that a resort is "sold out." In addition, Disney's percentage can fluctuate if it ROFRs contracts or if it forecloses on delinquent owners. However, the official Disney stance is that all of SSR is sold out except for the Units that were declared in January 2009 to add the THVs to SSR.
As an aside: OKW has been "sold out" for many years. Yet, in the last three months Disney has sold over 40,000 OKW points to the public.
