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Post by amdev on Aug 30, 2024 6:09:07 GMT -5
Give it 15-20 years and Bay Lake and the Seven Seas Lagoon will look like Ocean City, MD or Myrtle Beach. Remember when they built BLT, there was going to be another tower where the garden rooms are. I forget what the issue was that prevented that from happening but I am surprised they haven't found a way to make that happen. |
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Post by helenabear on Aug 30, 2024 9:13:36 GMT -5
If the rooms are built but inventory not put into DVC yet, they can still rent out those rooms, right? If so, making all new accommodations DVC makes sense no matter how slow the sales. DVC subsidizes, yes? If they do this anyway with new sales. They only declare X many rooms per Resort at the beginning and then once they sell a certain percentage of points, they declare more rooms. So for Riviera, I might be off on the exact numbers today, but about 70% of the resort is sold. And I want to say 80% of the resort is declared. DVC only has control over that 80%. Disney can rent out the 20%. They never declare full inventory for DVC to start. It's always a gradual process. |
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Post by baymaxfan on Aug 30, 2024 9:42:00 GMT -5
If the rooms are built but inventory not put into DVC yet, they can still rent out those rooms, right? If so, making all new accommodations DVC makes sense no matter how slow the sales. DVC subsidizes, yes? If they do this anyway with new sales. They only declare X many rooms per Resort at the beginning and then once they sell a certain percentage of points, they declare more rooms. So for Riviera, I might be off on the exact numbers today, but about 70% of the resort is sold. And I want to say 80% of the resort is declared. DVC only has control over that 80%. Disney can rent out the 20%. They never declare full inventory for DVC to start. It's always a gradual process. And isn't Disney on the hook for the maintenance fees for unsold and undeclared points? |
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Post by helenabear on Aug 30, 2024 9:51:04 GMT -5
If they do this anyway with new sales. They only declare X many rooms per Resort at the beginning and then once they sell a certain percentage of points, they declare more rooms. So for Riviera, I might be off on the exact numbers today, but about 70% of the resort is sold. And I want to say 80% of the resort is declared. DVC only has control over that 80%. Disney can rent out the 20%. They never declare full inventory for DVC to start. It's always a gradual process. And isn't Disney on the hook for the maintenance fees for unsold and undeclared points? Yes! That's why Disney ROFRs many OKW contracts that are quitclaimed. They want to sell to be off the hook for the MFs. If they think they can rent well though, they'll be happy to have them. Also 2-3% is always held back by law so it's never 100% of all rooms just for DVC |
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Post by brp on Aug 31, 2024 11:20:01 GMT -5
If they do this anyway with new sales. They only declare X many rooms per Resort at the beginning and then once they sell a certain percentage of points, they declare more rooms. So for Riviera, I might be off on the exact numbers today, but about 70% of the resort is sold. And I want to say 80% of the resort is declared. DVC only has control over that 80%. Disney can rent out the 20%. They never declare full inventory for DVC to start. It's always a gradual process. And isn't Disney on the hook for the maintenance fees for unsold and undeclared points? Yup. This is true of all timeshares, AFAIK. Someone's gotta pay those MFs. If there were too many, I believe that the company could raise MFs on other owners to cover, so it's in everyone's best interest for the TS to sell them, or let them go without ROFR (HGVC does that a lot and great deals can be found).
Cheers.
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Post by Brian5581 on Sept 1, 2024 15:27:35 GMT -5
That’s a shame if it truly has been revived, Maybe with the poor sales of the cabins they’ll find something to make it more desirable…. Ha.
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Post by helenabear on Sept 2, 2024 15:07:55 GMT -5
That’s a shame if it truly has been revived, Maybe with the poor sales of the cabins they’ll find something to make it more desirable…. Ha. More desirable... doesn't take much to be so  |
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