Very good observations: Question to ponder -- Do you think people will be anxious to buy ownership interest in 30 yr. old "used" hotel space? When we bought into OKW, part of attraction was that they were newly constructed buildings, likely to be there for 46 yr. rental term. If the 30 yr. old buildings already have to be refurbished, would I really want to invest $15+ into buildings, when I could buy into new
DVC development someplace else (read BCV)? Probably not, unless deep discount in points -- but then with deep discount, I am locked into that one refurb. resort. To me this is not smart -- kind of like the increased points for DVC members cruise.
Moreover, 184 new units are the prime location; even with rental prop. remember location, location, location.
I do not think refurb. idea is well thought out, and either go with all new, or with all refurb but not mixed. This looks like a cost cutting move that is penny wise and pound foolish.
Saratoga Springs theming will blend with DI, and may attract New York connection (but NYers may think why pay $$ for theming when they just as easily could go to the Catskills).
I would like to see Seasons Restaurant, but agree once it is a loser it will never reopen. Before being deployed to Bahrain, my wife and I and kids went to BCV, and went by now shuttered Ariel's restaurant -- theming still evident -- great restaurant, probably never to be reopened, Alas. If any BCV supervisors read this -- consider Ariels again, pls.
I send greetings from the Kingdom of Bahrain.
V/R
j6010