Disone
Well-Known Member
Hummmmmm..... I have not heard the rumor until this post.
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News Disney Vacation Club Announces Expansion at The Villas at Disney’s Grand Floridian Resort & Spa
- Thread starter DCBaker
- Start date
Mizner92
Member
Best post of the month!
CaptainAmerica
Premium Member
It's not a "rumor."
Which means if someone is in the shower, no one else can be getting ready in the bathroom at the same time.
castlecake2.0
Well-Known Member
As in it’s made up?
CaptainAmerica
Premium Member
Basically. Somebody overheard some random people speculating in a hotel lobby some place, and that ended up on a podcast, and that was reported here as rumor.
castlecake2.0
Well-Known Member
Makes sense, I’m sure DVC is one of the last things they’d think about selling off
CaptainAmerica
Premium Member
It doesn't make any sense on its face. DVC isn't an asset, it's a liability. Disney couldn't "sell" it, they'd have to pay someone to take it.
In reality, the only parts they could "sell" would be VB, HH, or Aulani. Any property located at WDW, especially those that are attached to an existing CRO property could not easily be "sold". Imagine what would happen if they sold the BWV portion of the Boardwalk. What happens to Jellyrolls and the shops that are all located underneath the villas? Not too mention that the buildings are totally connected together. Anyway, I think someone heard something without any context or understanding and turned it into this rumor. Probably heard it from a bus driver.
CaptainAmerica
Premium Member
Setting Aulani aside, even selling VB or HH doesn't make any sense. Disney *already has the cash* from the owners. The only thing left to do is to provide the owners with rooms for the next 21 years. That's not an obligation that any entity would PAY to take on.
Disstevefan1
Well-Known Member
Yea, the rumor is floating around.
Consider this.
Over the years, Disney has built this very lucrative time share company and sells it to the highest bidder.
Disney retains ownership of the real estate and the new owners must pay rent to Disney. Disney wins.
If the new owners continue to do well, as the landlord, Disney wins.
If the new owners drive the business into the ground in say, ten years, Disney swoops in and buys the business back at a fraction of what they sold it for, to “save” the business.
The public cheers! The “Disney Difference” is back! New contracts flood in. Disney wins.
True, and there would be the required upkeep as well.
So who pays the "rent" that Disney is charging the new owner for? Can you imagine the lawsuits and outrage if a new line item showed up on our bills to cover their "rent" to Disney? It wouldn't take more than 2 or 3 years to totally tank the business, and no one would ever buy a Disney timeshare again, since they couldn't trust them to do it right.
Disstevefan1
Well-Known Member
In this hypothetical, the "rent" is a cost the new owners would need to pay, it could be some very low amount per unit so Disney retains ownership of the real estate, remember, the new owners just paid Disney A LOAD of money for the business. Disney wins by getting the short sighted, the big payday and can always buy the business back at a later date.
There is zero chance that the owners would accept such a deal. I know we wouldn't, and we've been owners for 15 years. We would be one of the first to file a lawsuit, as in the contract we signed, I can find no provision that states they are allowed to sell it. Disney would have to buy back every contract at fair market price to satisfy everyone, and again, it would tank the business and no one would ever buy into it ever again. It's just not a feasible option.
pdude81
Well-Known Member
As described that is a lose lose. Not good for a 3rd party operator or Disney. Add one more "Lose" for the guests.
Never happening on property
SteveAZee
Premium Member
I'll miss the chamber pots though.
Disstevefan1
Well-Known Member
It's just an interesting hypothetical to discuss, it's probably just a rumor.
The buyer would not enter into a deal if there was a chance they would lose DVC contracts and I presume Disney would not enter into a deal if they then had to immediately go to court with the DVC contract holders.
The only way a deal would happen would be if the existing and new DVC contract holders would have no legal grounds to fight it.
I never looked at the fine print of a DVC contract, it would be interesting if this was covered.
Disone
Well-Known Member
I am with others on this "rumor".
Casper Gutman
Well-Known Member
This is all a bit silly. No one is calling for the removal of air-conditioning or otherwise creating an accurate historical recreation of 1890s Floridian hotels. But these rooms are barely themed - if you showed them to me and told me they were from a WDW hotel, I MIGHT get it based it on the first image, but I also might guess Old Key West. These aren’t distinct.
If you want clean, contemporary hotel rooms, there are hundreds of much cheaper (more luxurious) resorts right outside the gates. A big part of staying at a WDW resort was supposed to be the themed rooms - not slathered with stencils of Moana or featuring authentic chamber pots, but clever and extensive theming.