News New Polynesian Resort DVC villas building to open 2024

Patcheslee

Well-Known Member
First forgive my ignorance on timeshare contracts. If this is considered an addition to Poly, would Disney then be allowed to at some point demolish the existing longhouse buildings and add another Poly DVC tower in its place?
 

correcaminos

Well-Known Member
First forgive my ignorance on timeshare contracts. If this is considered an addition to Poly, would Disney then be allowed to at some point demolish the existing longhouse buildings and add another Poly DVC tower in its place?
They cannot willingly destroy the DVC longhouses until 2066. Other longhouses that are resort rooms could be fair game.
 

rawisericho

Well-Known Member
When will we find out if this tower will be part of the existing condo association or if they’re going to do a Riveria style situation?
 

GoofGoof

Premium Member
Whenever they feel like telling us. Sometime between now and when the points go on sale. To me the assumption is new association.
My guess is new association too. The only reason to suspect it could be the opposite is the way they are doing the new GF section but I suspect that’s only because it’s converted hotel rooms vs a new construction building, rooms and pool area. Adding the hotel wing to GF villas will actually lower maintenance fees overall since it’s a lower cost building where the opposite is true at Poly. This is all just speculation and they could really do anything they want.
And would have the same Riviera based restrictions?
Good question. I think having that restriction on half of the Poly rooms but not the other half could make things confusing to owners trying to trade in at the 7 month window but that doesn’t mean they won’t do it. I don’t think DVC cares about those resale buyers all that much so it won’t stop them from doing it.
 

CaptainAmerica

Premium Member
My guess is new association too. The only reason to suspect it could be the opposite is the way they are doing the new GF section but I suspect that’s only because it’s converted hotel rooms vs a new construction building, rooms and pool area. Adding the hotel wing to GF villas will actually lower maintenance fees overall since it’s a lower cost building where the opposite is true at Poly. This is all just speculation and they could really do anything they want.

Good question. I think having that restriction on half of the Poly rooms but not the other half could make things confusing to owners trying to trade in at the 7 month window but that doesn’t mean they won’t do it. I don’t think DVC cares about those resale buyers all that much so it won’t stop them from doing it.
I don't see any reason why they'd do a new association with no restrictions. Adding restrictions is the only benefit Disney would get from making this standalone. They'd much rather sell 42 year contracts than 50 year contracts.
 

rawisericho

Well-Known Member
My guess is new association too. The only reason to suspect it could be the opposite is the way they are doing the new GF section but I suspect that’s only because it’s converted hotel rooms vs a new construction building, rooms and pool area. Adding the hotel wing to GF villas will actually lower maintenance fees overall since it’s a lower cost building where the opposite is true at Poly. This is all just speculation and they could really do anything they want.

Good question. I think having that restriction on half of the Poly rooms but not the other half could make things confusing to owners trying to trade in at the 7 month window but that doesn’t mean they won’t do it. I don’t think DVC cares about those resale buyers all that much so it won’t stop them from doing it.
It would be interesting to know how Rivieria sales are going and if that approach has hurt them at all. If I’m correct, no DVC has been completed since Riviera we don’t know if the new resale restrictions are going to be commonplace moving forward.
 

rawisericho

Well-Known Member
CaptainAmerica, if I remember correctly, we were both first time DVC shopping last year (around the Spring and Summer), did you end up buying resale?
 

GoofGoof

Premium Member
I don't see any reason why they'd do a new association with no restrictions. Adding restrictions is the only benefit Disney would get from making this standalone. They'd much rather sell 42 year contracts than 50 year contracts.
Yeah, if it’s a new association it will almost certainly have the same restrictions as Riviera. If it’s not a new association and works like the new GF project where they just add a bunch of points to the existing association then I don’t think it can have the restrictions on resale. I’m not sure that today‘s management is concerned with 42 vs 50 years. You give them too much credit. None of these guys will be around collecting bonuses in 42 years when it would make a difference. Sad but true.
 

GoofGoof

Premium Member
It would be interesting to know how Rivieria sales are going and if that approach has hurt them at all. If I’m correct, no DVC has been completed since Riviera we don’t know if the new resale restrictions are going to be commonplace moving forward.
My guess is most people buying in to DVC direct from Disney aren’t necessarily focused on resale restrictions. I’m sure the sales guys don’t highlight that and most people are focused on the next 10 years (or less) of vacations vs the longer term issues of when they may want to “get out”. That being said, I agree it would be interesting to have some data to see if that theory is actually true or not. I could be way off and it could have hurt sales. I will say this, if they don’t make those restrictions commonplace going forward and I was a Riviera owner I’d be a little upset by that. I guess everyone knew the restrictions going in when they bought but it still seems a little unfair.
 

correcaminos

Well-Known Member
Curious why so many assume new associations?

To most of the articles and discussions, I have read, the assumption is expansion on existing based on past histories of VGF, SSR, and AKL. Only BRV/CCV deviated from the past but the start and end dates for each were just too far apart. Maybe I've been around longer but I do know that VGF wasn't the first time they added the associations after opening.

There is also talk that DVD regrets the RR resale restrictions and this is a way out of it. Keep adding on to existing associations until they eventually change their minds about the only one resort if resale.

For those who think buyers don't care about resale restrictions, this was a very hot topic for DVC people when it was announced for RR. People were shy to buy direct because of it. Resale prices for RR are also low because of it. You have to love it to buy resale. But those I know who buy direct are long time owners and do realize they buy and sell as needed.

I will be prepared for anything since this actually really will affect what I do with points. I will guess we'll hear late 2023 or early 2024 when I expect them to announce sales. Likely before then but that would be the latest we will hear.
 

correcaminos

Well-Known Member
To comment on Riviera sales... no matter what, it went on sale at a very bad time. Sales were lagging in the months to the opening of Riviera though. Then the pandemic hit 3 months later. There were a lot of comments about how sluggish sales were at first. Speculation was for those who, in the know as being longer time owners, the restrictions for resale bothered them. But the longer you've been with DVC the more you care about things if you do buy and sell.

It also didn't help that during RR sale time, they have upped the minimum buy in for new members.
 

CaptainAmerica

Premium Member
Yeah, if it’s a new association it will almost certainly have the same restrictions as Riviera. If it’s not a new association and works like the new GF project where they just add a bunch of points to the existing association then I don’t think it can have the restrictions on resale. I’m not sure that today‘s management is concerned with 42 vs 50 years. You give them too much credit. None of these guys will be around collecting bonuses in 42 years when it would make a difference. Sad but true.
NPV and ROI calculations take into account the full life of the project. They get credit for that today.
 

CaptainAmerica

Premium Member
Curious why so many assume new associations?

To most of the articles and discussions, I have read, the assumption is expansion on existing based on past histories of VGF, SSR, and AKL. Only BRV/CCV deviated from the past but the start and end dates for each were just too far apart. Maybe I've been around longer but I do know that VGF wasn't the first time they added the associations after opening.

There is also talk that DVD regrets the RR resale restrictions and this is a way out of it. Keep adding on to existing associations until they eventually change their minds about the only one resort if resale.

For those who think buyers don't care about resale restrictions, this was a very hot topic for DVC people when it was announced for RR. People were shy to buy direct because of it. Resale prices for RR are also low because of it. You have to love it to buy resale. But those I know who buy direct are long time owners and do realize they buy and sell as needed.

I will be prepared for anything since this actually really will affect what I do with points. I will guess we'll hear late 2023 or early 2024 when I expect them to announce sales. Likely before then but that would be the latest we will hear.
100% all of this
 

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