jade1
I spend half my money on WDW, and waste the rest.
- Joined
- Dec 30, 2001
I could sell it for what I bought it now...
Um, apparently you could not-because that would mean its an asset.
I could sell it for what I bought it now...
DVC can save people money vs rack rate. I’m just dispelling the notion that it also carries this certain resale value. While it might for this period in time, it 100% will have no value at one point. And this resale value most certainly diminishes as it approaches the end.
I just have to dispel this line of thought that somehow it can always be flipped when I see it. It’s misleading and a misrepresentation of its value.
Sorta...
I could sell it for what I bought it now...
...but I got 12 years of use, including my kids pounding around when they were in diapers and/or pigtails...For a walk away cost of just the dues...so maybe $600 a year average for 2-3 weeks?
Nobody said "always" a certain resale value. They currently carry a high resale value.
LOL shouted from the mountain tops over 10 years ago that resort prices will keep rising, as did many others.
And many of us (including LOL) continually invested in more DVC points to hedge against that.
If you think throwing $300 a night cash away would have been a wiser move over those 10 years ($2K a week, $20K), then good for you.
I have no idea why you think you have to carry the contracts to the end.
So your telling all these folks that just sold BWV contracts for about $100 on average in July/Aug/Sep-they did not have an asset?
Tell me what you think they paid per night on the trips they took after selling and getting this money back. $______________ (insert cost of dues at most).
BWV:
LSCHROW---$89-$29864-306-BWV-Dec-0/15, 0/16, 306/17, 306/18- sent 6/14, passed 7/3
Debbie Jean---$95-$14,250-150-BWV-Sep-0/16, 68/17, 150/18- sent 6/28, passed 7/12
RKS03---$95-$15776-150-BWV-Feb-0/16, 172/17, 128/18- sent 6/27, passed 7/13
w84no1---$92-$10390-100-BWV-Apr-0/16, 10/17, 100/18, 100/19-seller pays '17 MF- sent 6/30, passed 7/15
JackTMS---$103-$16976-150-BWV-Apr-0/16, 300/17, 150/18, 150/19 sent 6/26, passed 7/12
ywgckp---$89-$25126-275-BWV-Dec-141/16, 275/17, 275/18- sent 7/10, passed 7/25
Steph01002---$107-$19117-175-BWV-Feb-0/16, 0/17, 146/18, 175/19- sent 8/4, passed 8/16
Amanda&Mike---$100-$6850-60-BWV-Apr-0/16, 34/17, 60/18, 60/19- sent 8/3, passed 8/18
FamilyTime---$94-$36070-350-BWV-Oct-0/16, 350/17, 350/18- sent 8/5, passed 8/21
Taylor1428---$93-$22877-222-BWV-Jun-0/16, 222/17, 222/18- sent 8/11, passed 8/22
lbus42---$98-$14011-130-BWV-Aug-0/16, 0/17, 130/18, 130/19- sent 8/15, passed 8/25
w1kk3d---$98-$15225-150-BWV-Aug-0/16, 4/17, 150/18, 150/19- sent 8/23, passed 9/5
LadyLuck24---$110-$32182-270-BWV-Apr-74/16, 270/17, 270/18, 270/19- sent 9/1, addendum submitted 9/4 (broker put wrong contract # on contract)-passed 9/15
Chancery8---$120-$4387-30-BWV-Aug-0/16, 60/17, 30/18, 30/19- sent 9/15, passed 9/22
aokeefe---$126-$6745-50-BWV-Dec-0/16, 0/17, 50/18- sent 9/15, passed 9/22
Reddd.12.18—-$114-$14820-130-BWV-Aug- 35/17, 130/18, 130/19- sent 9/7. addendum submitted 9/14 (broker put wrong contract # on contract)-passed 9/15
Cyberc1978---$90-$15260-150-BWV-Mar-0/16, 52/17, 300/18, 150/19- sent 9/22, Passed 10/10
Rojo---$100-$17850-170-BWV-Oct-0/16, 0/17, 52/18, 170/19- sent 9/29, passed 10/10
After thinking about this some more, I'll add some more potential brands for this hotel project. Tishman has worked with a variety of hotel groups, including: Starwood, Marriott, Hilton, Accor, InterContinental, and Hyatt.
Once the Marriott and Starwood frequent guest programs are merged in 2018, that group of potential guests will be well covered with existing Walt Disney World Swan and Dolphin properties. To me, it makes more sense to choose a brand not represented by Marriott/Starwood. Doing that, you'd tap into a set of guests who will only stay within their favored hotel group. Additionally, you'd gain access to the National Sales Team of that hotel group. Although this 350 room hotel likely won't have convention facilities, the small meetings market is still a source of revenue.
I doubt Hilton Hotels would be in play, as they already have multiple options both on-property and just off-site at Bonnet Creek. Accor is probably not likely, either. They don't have a strong presence in North America and their Fairmont and Sofitel brands don't seem to fit this Disney location.
An InterContinental brand might work. Either a Crowne Plaza or InterContinental branded hotel is possible. If the nearby Hyatt Regency Grand Cypress didn't exist, I'd say a Hyatt Regency would work. Although a stretch, Hyatt could work using their Andaz brand.
A dark horse candidate would be Radisson Blu. Carlson Reizidor Hotels are eager to build their Radisson Blu brand. I'm sure Tishman could negotiate a great deal on branding and reservations fees, given the high profile location of this new hotel.
Finally, there's the possibility that this new hotel will not have any outward hotel branding. Although the Walt Disney World Swan and Dolphin hotels are technically a Westin and a Sheraton, most guests don't know that fact. As long as the hotel meets the brand standards set in the franchise agreement, the name of the hotel doesn't need to carry the brand name. So the new hotel could be "Hotel X" and still be quietly connected with a brand from any hotel group.
Is it possible that they are angling for mixed use or timeshare?
...hotel operators love those as much as disney...it would be interesting to see the mouse reaction to something like that...
After thinking about this some more, I'll add some more potential brands for this hotel project. Tishman has worked with a variety of hotel groups, including: Starwood, Marriott, Hilton, Accor, InterContinental, and Hyatt.
Once the Marriott and Starwood frequent guest programs are merged in 2018, that group of potential guests will be well covered with existing Walt Disney World Swan and Dolphin properties. To me, it makes more sense to choose a brand not represented by Marriott/Starwood. Doing that, you'd tap into a set of guests who will only stay within their favored hotel group. Additionally, you'd gain access to the National Sales Team of that hotel group. Although this 350 room hotel likely won't have convention facilities, the small meetings market is still a source of revenue.
I doubt Hilton Hotels would be in play, as they already have multiple options both on-property and just off-site at Bonnet Creek. Accor is probably not likely, either. They don't have a strong presence in North America and their Fairmont and Sofitel brands don't seem to fit this Disney location.
An InterContinental brand might work. Either a Crowne Plaza or InterContinental branded hotel is possible. If the nearby Hyatt Regency Grand Cypress didn't exist, I'd say a Hyatt Regency would work. Although a stretch, Hyatt could work using their Andaz brand.
A dark horse candidate would be Radisson Blu. Carlson Reizidor Hotels are eager to build their Radisson Blu brand. I'm sure Tishman could negotiate a great deal on branding and reservations fees, given the high profile location of this new hotel.
Finally, there's the possibility that this new hotel will not have any outward hotel branding. Although the Walt Disney World Swan and Dolphin hotels are technically a Westin and a Sheraton, most guests don't know that fact. As long as the hotel meets the brand standards set in the franchise agreement, the name of the hotel doesn't need to carry the brand name. So the new hotel could be "Hotel X" and still be quietly connected with a brand from any hotel group.
We are assuming Marriott as it is Marriott controlled property now.
I don't follow. While the Walt Disney World Swan and Dolphin hotels are Starwood properties (which are now under Marriott), I don't believe that Marriott has any say in what happens to the adjacent property. The current hotels would be subject to the franchise agreements. Although it's technically possible, I've never heard of a franchise agreement that stipulated that nearby undeveloped land could only be within the current hotel group.
In this case, what can get built would depend on what the land lease agreement between Tishman and Disney says. I don't believe Marriott is involved in any fashion other than to offer their chains as possible brands for any new hotel.
I don't follow. While the Walt Disney World Swan and Dolphin hotels are Starwood properties (which are now under Marriott), I don't believe that Marriott has any say in what happens to the adjacent property. The current hotels would be subject to the franchise agreements. Although it's technically possible, I've never heard of a franchise agreement that stipulated that nearby undeveloped land could only be within the current hotel group.
In this case, what can get built would depend on what the land lease agreement between Tishman and Disney says. I don't believe Marriott is involved in any fashion other than to offer their chains as possible brands for any new hotel.
It was waived altogether for my visit Sept. 17-23, can't speak to anything else. They told me at check in and it wasn't on my final invoice or cc statement...
I would flipping love a St. Regis at that location!
We were there a week later and were charged the discounted rate, and had to pay for parking (previously waived in years past). We checked in with our SPG concierge and he confirmed it was no longer waived for members, we were disappointed.
Editing to say we're platinum with both Marriott and SPG, we essentially live in hotels.
The build space is the present tennis courts for the Swolphin which is why we are all assuming Marriott is on board.
Um, apparently you could not-because that would mean its an asset.
I can see an angle on both sides of it. Since it's not something you have purchased outright.
Like your job (for those that have ever had one...). It's yours, it has a value, you may have a legal right under contract...but it isn't an "asset" because you ultimately have no say over where it goes and who gets it.
Well, you'd have to know what they paid for them, and deduct any selling costs.
I'll say this, then we could give the thread back to the good people on the DIS.
If you bought today, one of those 60 point BMV contracts at $100 pp, using a $6 pp maint fee cost, it would take you 19 years to break even. After those 19 years, there would be 6 years remaining on the contract. Most likely the value on that contract with only 6 years left would be very minimal. Especially if as we get closer to that time frame, people dump contracts, flooding the market (as they see shortly their contracts will be worth nothing).
What I am attempting to point out (mostly in vein), is that its not as cut and dry as "buy DVC now, save a ton, then sell this asset". I'm going to contend that that ship has pretty much sailed. But if a time machine came with the purchase of your DVC, let me borrow it.....
As long as you get out before the music stops...the next crash is gonna be catastrophic like the last....too many bubbles and not nearly enough actual wealth...