Do you think DVC will be buying back a lot more of the $200+ point contracts?
Before Disney broke ground on the Villas at Grand Floridian in 2011, there were rumors that it was going to convert some of the Grand Floridian hotel rooms to DVC villas. Even after the VGF plans became public some people were still speculating that Disney would convert the hotel rooms, much like it did at Jambo House in 2007 and ended up doing at Wilderness Lodge beginning in 2015.Would Disney be able to build more DVC units at the GF since the demand is so high?
I think that they are raising prices because they do not want to sell any of the sold out resorts. Disney makes a ton of money when they sell new points. That is what they are in business to do make a ton of money. When they used to sell Grand Floridean they made about $35-45 pp. Now they will be raising the price to $220 they will make about $65pp. That's a little better, but when they sell CC at $182pp they make what? A guess would be $150-160pp. That's a lot better than going to all the trouble to make $65 on a 25 point add on.
I sure hope they don't sell anymore BLT, VGF, Poly, and GC. If they still sell that just shows Disney that they can raise the prices higher.
Hmmm, I hadn't thought about that. If they make VGC unattractively high it would certainly drive sales at the new resort. There seems to be a lot of resale listing for VGC at this time and they're not markedly higher than a month or two ago.I think the GCV massive price increase has a lot to do with the potential of a new Dvc at dlr and a pretty high starting point when it occurs. My guide, who is in California, flat out told me to look for resale if I wanted GCV. I doubt there’s going to be much in the way of direct sales increase for GCV with the increase in prices. In raising prices direct they basically also raised the resale prices so no real net gain.
There’s been no announcement yet but given how profitable it would be, I can’t see why they wouldn’t be selling Dvc units.Hmmm, I hadn't thought about that. If they make VGC unattractively high it would certainly drive sales at the new resort. There seems to be a lot of resale listing for VGC at this time and they're not markedly higher than a month or two ago.
But I thought the new resort didn't have DVC...?
Could Disney build another stand alone DVC building at the Grand Floridian? I guess anything is possible but I wonder if Disney has the amount of land required for another DVC building at the GF. However, back in 2010 I didn't think there was enough land for the current VGF building, but obviously I was wrong.
So who pays for the resort to be built? That’s a cost associated with new points only. I highly doubt they will profit $150-160 pp on new sales. They probably make more off resale, just like car dealers do. More of a profit selling a used car than a new one these days. A lot of new car dealers around here have more used cars for sale than new ones.
I saw a Tim Tracker video recently which showed the view of the castle directly behind the wedding chapel at GF. Looked pretty nice.There is plenty of land there if they relocate the wedding chapel. Personally, I always thought the wedding Chapel should have been located between the contemporary and the TTC for the view of the castle in the background.)
The demand for contracts at Grand Californian is very high, and, of course the resale prices have adjusted accordingly in the last 60 days. I will be surprised if Disney buys the recent contracts we have sold at the Grand Cal. Some Grand Californian sellers are waiting to list until mid February as they think the market is going to continue to push the prices up. So I do think if you are getting a Grand Cal property at a price of say 3 months ago Disney will be buying it back.
The land for those cabins was nearly free. I can't see them costing more than 250k a piece, if that.There are 3,321,954 points for copper creek. The new price per point of Copper creek is going to be $182 per point. To make $150 per point they would have had to have spent $106,302,528 on 26 cabins and a remodel of the hotel. I don't know how much it cost to build those cabins, but I cannot imagine they were more than a million a piece. If they did spend a million per cabin that would leave over $80 million for some new walls and some Ikea furniture. I know they did some other improvements too, not millions and millions worth. So there is no way they make more off of resale.
I see one site sell VGC for around 150$ a point but other sites are around 200$ a point. I wonder why one site is so much lower and how often those get bought back from Disney?