MotherofaPrincessLover
Well-Known Member
I completely missed thatThere’s a full kitchen. Oven and hob. And a proper freezer!
I completely missed thatThere’s a full kitchen. Oven and hob. And a proper freezer!
Some things make sense to sell as a timeshare. A trailer that doesn't have washer and dryer that forces you to maybe rent a golf cart to get to them ain't one of them. That said, I am intrigued by these things and might try to book one at some point for a trip, but the fees and what it is make buying in prohibitive. I really think they should have had a lower buy in per point if they wanted to wrangle in more sales.I’m thinking the designers could have squeezed in a stackable washer/dryer combo unit in somewhere. Although the laundry facilities in the bath house are super clean, they can be quite a distance away from your cabin. And if you decide to rent a golf cart, that’s an extra $65 a day.
Honestly I think the maintenance fees are responsible for killing sales.Some things make sense to sell as a timeshare. A trailer that doesn't have wahs and dryer that forces you to maybe rent a golf cart to get to them ain't one of them. That said, I am intrigued by these things and might try to book one at some point for a trip, but the fees and what it is make buying in prohibitive. I really think they should have had a lower buy in per point if they wanted to wrangle in more sales.
I guess what I am thinking, is do they required such high maintenance fees(and maybe it's because the way they are built etc), the buy in per point should have been lower, to at least get buyers. I know when I bought in I hadn't given a ton of thought to maintenance fees, and AKL had some pretty high ones comparatively but these cabin ones are ridiculous.Honestly I think the maintenance fees are responsible for killing sales.
The high maintenance fees are because the cabins will need to be replaced half way through the contracts expire. And that’s going to cost a lot more than a typical hard goods room refurb.I guess what I am thinking, is do they required such high maintenance fees(and maybe it's because the way they are built etc), the buy in per point should have been lower, to at least get buyers. I know when I bought in I hadn't given a ton of thought to maintenance fees, and AKL had some pretty high ones comparatively but these cabin ones are ridiculous.
I'm not well versed in the timeshare game, but do you know what happens if the sales never materialize and the buy in group is limited? Do they then have to pay maybe even more in fees(like a condo building with empty units) to cover for the unsold points or because Disney rents cash rooms that covers it?The high maintenance fees are because the cabins will need to be replaced half way through the contracts expire. And that’s going to cost a lot more than a typical hard goods room refurb.
The problem with a lower buy-in cost is that at 7 months all points are equal.
But yes, it’s the only thing that might have tipped the scales.
Another issue though is that the 150 points minimum buy-in compared to the points charts is too high. Even with a lower cost per point. And existing owners would probably have still said no to an add-on because of the maintenance fees.
All in all I think the concept was dead in the water the minute they announced the maintenance fees.
Fees can only be used for running costs, including some for the capital reserves. And they can only increase by a certain amount each year.I'm not well versed in the timeshare game, but do you know what happens if the sales never materialize and the buy in group is limited? Do they then have to pay maybe even more in fees(like a condo building with empty units) to cover for the unsold points or because Disney rents cash rooms that covers it?
I know this, they are being booked like hot cakes though. I was booking for November and they were gone as soon as the booking window was open. The buy in value is not great, but for us other owners it's appealing, especially of doing a shorter stay where laundry is not a concern.Fees can only be used for running costs, including some for the capital reserves. And they can only increase by a certain amount each year.
If sales don’t materialise then I assume Disney keeps ownership of the undeclared units. But I’m not sure either.
They’re going to be very popular for booking. Both on points and on cash through Disney.I know this, they are being booked like hot cakes though. I was booking for November and they were gone as soon as the booking window was open. The buy in value is not great, but for us other owners it's appealing, especially of doing a shorter stay where laundry is not a concern.
It was just something, I was thinking about and was trying to be conversational, did not mean to make you think I was in some way going against what you wrote.They’re going to be very popular for booking. Both on points and on cash through Disney.
Not sure what that has to do with what I posted though.
The cabins will all be replaced anyway. So at some point Disney will likely own more new cabins than the number declared.
That means it takes way longer for Disney to recoup the cost of replacing them.
Fees can only be used for running costs, including some for the capital reserves. And they can only increase by a certain amount each year.
If sales don’t materialise then I assume Disney keeps ownership of the undeclared units. But I’m not sure either.
Does the resort close a lot due to storms? I would imagine if it was a busy time you get what you can get room wise as inventory is limited, and perhaps not even something on property.Thinking ahead because I have a cabinreservation in the next two weeks, I wonder what the plan is for any storm that forces the resort to close. On a cash reservation I think guests in the past could be moved to a deluxe resort that's as good or a better cash value, but paying with points I think people would expect another one bedroom villa. Probably not a problem right now with so few rooms in point inventory but when the resort is humming and there's a need to move to 200+ rooms? I guess we'll see.
There are occasional reports where people get moved from a 1-bed to a regular resort room. They usually end up getting some kind of compensation.Thinking ahead because I have a cabinreservation in the next two weeks, I wonder what the plan is for any storm that forces the resort to close. On a cash reservation I think guests in the past could be moved to a deluxe resort that's as good or a better cash value, but paying with points I think people would expect another one bedroom villa. Probably not a problem right now with so few rooms in point inventory but when the resort is humming and there's a need to move to 200+ rooms? I guess we'll see.
Yes, reading about past situations, people that paid cash for cabin were placed in values(I imagine they might give someone 2 rooms if one could not handle the parties capacity.I guess the situation is no different other than it’s now DVC not Disney.
And sometimes DVC do have to use regular rooms anyway.
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