What happens to Old Key West afterr 2042? I own a 2057 contract.

[Tatebeck]

Why do they have to make them available? They can really do as they please with the points they own since they can simply "book " the rooms to themselves and keep them vacant if they wanted. They also have clauses that DVC can commercial rent the points they own ( unlike us) which is where I think they can draw the right to lease them to the trust. And since they own apx 75% of the association at that point, the only thing that would stop them is Florida timeshare laws.

Because that's how the entire system works? They declare entire units, sell percentages of those units (represented by# of points), then owners get to book at any of the entirety of all of the declared units

They can book with their points, or sell the points that they own, but they cannot REMOVE rooms/units them from the current use plan just to put into another use plan. If they were able to do this they would have a vast amount of power to change how the ownership works at the detriment of owners.

 

[Mouseforward]

They have 17 years to ROFR, and resell 2042 contracts as 2057 contracts. I imagine that will be their primary plan instead of waiting until 2042 and selling them as points or using them as cash reservations then. It would be much easier, especially if they offer them at firesale prices like they did last spring. That deal was very popular.

Any points that revert to them at that point I could see them just using as their primary source of OTUP points and running OTUP specials if they can't sell the points or sell enough cash reservations. They could also just use that as the primary source of deposits into the Interval International portal (or whatever they will use at that time). Heck they could even offer a Free* small OKW contract (*with minimum purchase of the current featured resort at that time)

That sounds reasonable ( other then the free contract , the mouse don't do free), but I have to wonder why are they going so slow if that is the plan. I would expect a 50-75% ROFR rate by now.

 

[Tatebeck]

That sounds reasonable ( other then the free contract , the mouse don't do free), but I have to wonder why are they going so slow if that is the plan. I would expect a 50-75% ROFR rate by now.

They do Free* all the time if you spend enough... (See dining plans for kids in 2026, waterpark access on first day, extended evening hours, early entry, etc.)

Though I was mostly mentioning that as a possible release valve option if they end up with way more points than expected, can't sell them, can't rent enough cash reservations, and just want to get the points off of the books so they aren't responsible for maintenance fees

 

[Jlo85]

ChatGPT thinks the likeliest eventuality is that Disney will close large portions of Old Key West in 2042 to refurbish/reimagine/rebrand, and then re-sell with an extended 2092 expiration. 2057 expiration contracts would just get 15 years into that extension. I kind of agree with that estimation.

I think the trust was purpose driven for the cabins & lakeshore. I think Disney will stick with its tried-and-true 50-year deed model.

 

[Tatebeck]

ChatGPT thinks the likeliest eventuality is that Disney will close large portions of Old Key West in 2042 to refurbish/reimagine/rebrand, and then re-sell with an extended 2092 expiration. 2057 expiration contracts would just get 15 years into that extension. I kind of agree with that estimation.

I think the trust was purpose driven for the cabins & lakeshore. I think Disney will stick with its tried-and-true 50-year deed model.

Then you know that definitely isn't what is going to happen. ChatGPT can't even do basic math. I don't think you should be asking it to predict the future

It's most likely just re-spouting nonsense that uninformed users are posting all over the internet. That's what it usually does

 

[Mouseforward]

ChatGPT thinks the likeliest eventuality is that Disney will close large portions of Old Key West in 2042 to refurbish/reimagine/rebrand, and then re-sell with an extended 2092 expiration. 2057 expiration contracts would just get 15 years into that extension. I kind of agree with that estimation.

I think the trust was purpose driven for the cabins & lakeshore. I think Disney will stick with its tried-and-true 50-year deed model.

You are misusing AI - hopefully this was in jest.

 

[Mouseforward]

aren't responsible for maintenance fees

If I recall, they would be on the hook for 75% of the cost of OKW since they have to cover short fall instead of paying maintenance.

 

[Sandisw]

Why do they have to make them available? They can really do as they please with the points they own since they can simply "book " the rooms to themselves and keep them vacant if they wanted. They also have clauses that DVC can commercial rent the points they own ( unlike us) which is where I think they can draw the right to lease them to the trust. And since they own apx 75% of the association at that point, the only thing that would stop them is Florida timeshare laws.

Yes, they can book those rooms and keep them empty with their points.

But, they still have to follow the 11 month window for anything other than what they say follows breakage.

What they can’t do is remove the inventory from the OKW association, regardless of how much they own except for the reasons stated in POS.

So, any inventory in OKW association has to remain there.

While the specific contracts may end in 2042, the association does not because that stays in place for as long as the ground lease is in effect.

 

[Jlo85]

Then you know that definitely isn't what is going to happen. ChatGPT can't even do basic math. I don't think you should be asking it to predict the future

It's most likely just re-spouting nonsense that uninformed users are posting all over the internet. That's what it usually does

Hey, it’s educated on this board but I don’t know, it seems more reasonable than a lot of the response here…