Surprise - new DVC resort at Ft. Wilderness!

[nomoretslt]

Another update. Asked another DVC sales rep at the Figment lounge what the minimum add on is for current members and also what incentives are being offered. I was told 50 point minimum for current members. Was being cagey about the incentives and I did not get an answer. Makes me think they are seeing reactions from the “leaked” info. None of this info I was given is “officially official yet”. Most members I’ve talked to agree that the dues are ridiculous compared to other resorts. I don’t buy the “but the points requirements are lower for a great 1 bedroom and it justifies the higher dues”. No, it does not. I’m not a mathematician or a timeshare expert, but the incentives would have to be incredible for our family to consider this.
Although I do expect these cabins to be tough to book at the 7 month window. I see most people buying the minimum points they need for a week or so…..and that won’t give them enough points to stay for a length of time at a regular resort (they will not be trading out to another resort Which means not many cabins up for grabs at the 7 month mark).

 

[TheHolleys87]

Meanwhile, over on Disboards the majority sentiment seems to be “sounds like a great deal, lets all buy retail!” Craziness. I don’t see how this is different than any other developer now where there is just no reason at all to buy retail.

I’m not sure which of the several CFW threads you’re reading on DISboards, but my impression is that, overall, more posts there are saying “I’m not going to buy there, but I do want to stay there” - like me! I think the buyers are going to be five- or six-person families who don’t want to or can’t afford to buy 2BR points at other DVC resorts, plus a few who want Favorite (Guaranteed) Weeks for Halloween and/or Christmas there. I do think the guides will sell CFW as a way to get started with DVC ownership and direct points that can be used at any DVC resort, but I don’t think those sales will be to people who frequent the DISboards DVC forums.

 

[DouginSC]

Not sure how this will work with current DVC owners but the FW Cabins will be the first DVC that will be a "trust-based" ownership product for DVC instead of a "deeded" agreement for anyone looking to purchase into this resort.

Disney Vacation Club's New Trust Product CONFIRMED in Fort Wilderness Cabins Filings

New filings have confirmed plans for a trust-based ownership product for DVC, kicking off with The Cabins at Disney’s Fort Wilderness Resort!

dvcfan.com

 

[TheHolleys87]

Not sure how this will work with current DVC owners but the FW Cabins will be the first DVC that will be a "trust-based" ownership product for DVC instead of a "deeded" agreement for anyone looking to purchase into this resort.

Disney Vacation Club's New Trust Product CONFIRMED in Fort Wilderness Cabins Filings

New filings have confirmed plans for a trust-based ownership product for DVC, kicking off with The Cabins at Disney’s Fort Wilderness Resort!

dvcfan.com

Yep, and many are waiting eagerly just to find out more details (not so much to buy) when CFW goes on sale tomorrow.

 

[frank808]

Incentives for purchase are not that great. Actually better incentives for RIV purchase.

Dues for this first year are confirmed at $12.15 a point. Makes Aulani down right affordable if just looking at dues.

Sent from my SM-N975U using Tapatalk

 

[nomoretslt]

Incentives are awful although they are giving you a $3,000 “check” if you buy 150 points. I also found out that ALL cabins are dog friendly, another justification for the higher dues since the cabins will have to be deep cleaned. A definite no…..don’t even want to use my other contract points to stay there now.
agree with @frank808 that the incentives for Riviera are much better..$8pp off for 100 points and you can also receive a $3,000 check in lieu of getting 2023 points. But we have enough points so we’re good.

 

[Fido Chuckwagon]

also found out that ALL cabins are dog friendly,

Yuck. I agree, wouldn’t stay there. Dogs are great, but I don’t want to sleep in a bed that someone else’s dog has slept in.

 

[bnoble]

There are many things that might be going on in those beds. Dogs are just part of the story.

 

[ljmiii]

There are many things that might be going on in those beds. Dogs are just part of the story.

Yeah. Ignoring anything else, as a human and a parent, I am all too aware that there is just nothing that beats a child as a disease transmission vector. Dogs aren't even close to the top of that list (unless you are allergic to them).

 

[Miss Marty]

Change is coming to DVC Cabins at Fort Wilderness.
From trust ownership to the opening date for the cabins.

here's an article published in Jan 2024 about DVC Trust-Based Ownership

DVC Cabins at Fort Wilderness: Big Changes Are Coming

Change is in the air at Disney’s Fort Wilderness Resort. In fact, two new shakeups on the horizon are sure to make 2024 an exciting year to be a DVC member.

www.linkedin.com

 

[simpsontruckdriver]

They (the page Miss Marty shared) did not include Disney Transportation. We have both DVC-to-theme-park shuttles, but Fort Wilderness (FW) also has internal shuttle buses. So, a guest can go from any theme park to "Outpost" (aka campgrounds), then take a shuttle to their campground area including FW Lodge. I was training in December, so I saw a lot of campers deck out their camping area in Christmas lights and everything.

TS

 

[nomoretslt]

@simpsontruckdriver I hear Halloween at the Fort is also something to behold. If you ever get the chance, the Hoop de Doo Musical Review dinner show there is really lots of fun…it hasn’t changed since we first saw it 45 or so years ago. The food is really good.
Just returned from a split stay…Bay Lake Tower and Riviera. Riviera is such a beautiful resort. The staff there is phenomena.
DVC members we chatted with….nobody was excited about the cabins. We did visit the renovated models for the Boardwalk rooms. It will be close to impossible to get those studios unless you own there. And the one bedrooms…..wow they did a great job…..but unfortunately no 5th sleeping spot. So many cute Disney touches and artwork.

 

[superfriend620]

Moving to a trust model feels like a bad turn of events. So now they sell trust points like MVC did - right? Separate from your home membership? And then they can maxx out the sale of trust points and that limits inventory? All expiring contracts go back into the trust and then they massively ramp prices? Owning both i just love the ease of my points and that the value hasn't been diminished like MVC has.

 

[dioxide45]

Moving to a trust model feels like a bad turn of events. So now they sell trust points like MVC did - right? Separate from your home membership? And then they can maxx out the sale of trust points and that limits inventory? All expiring contracts go back into the trust and then they massively ramp prices? Owning both i just love the ease of my points and that the value hasn't been diminished like MVC has.

Right now, only the Cabins are in the trust. It is believed that the trust was required due to the nature of the cabins not being considered real estate under Florida law. Effectively the Cabins should work just like any other DVC resort does from an owner's perspective.

 

[sponger76]

And then they can maxx out the sale of trust points and that limits inventory?

If they sell out all the available points at non-trust resorts, doesn't that have the same effect?

All expiring contracts go back into the trust and then they massively ramp prices?

Don't the non-trust DVC contracts already have expiration dates, at which point DVC gets them back and could resell those resorts for higher prices? Isn't that also the same effect?

 

[ljmiii]

Moving to a trust model feels like a bad turn of events. So now they sell trust points like MVC did - right? Separate from your home membership? And then they can maxx out the sale of trust points and that limits inventory? All expiring contracts go back into the trust and then they massively ramp prices? Owning both i just love the ease of my points and that the value hasn't been diminished like MVC has.

As @dioxide45 wrote, the belief is that the Cabins had to be in a trust because of their nature as temporary structures. What is interesting is that DVD chose to write the underlying documents in such a way as to allow them to move to a trust based model for any and all of their current and future resorts.

If they do decide to sell trust point that allow owners to book at many/most/all DVC resorts, trust owners would only be able to book at those resorts to the extent that the trust contains the underlying deeds. To a certain extent, it would be detrimental to owners at 'high demand' resorts like BCV as each and every point in the deeds contained in the trust would almost certainly be booked at 11 months. Whereas 'normal' owners use their points as they need...even at other resorts or (shudder) on DCL or II.

But at this point everything about the trust other than that it will be used for the Cabins is conjecture. The immediate next question is at Poly where new inventory is about to come online - as part of Poly, as a new resort, as part of the trust, or even perhaps more than one of those options.

As for expiring contracts, they will go back to DVD which will "massively ramp prices" no matter what.

 

[superfriend620]

If they sell out all the available points at non-trust resorts, doesn't that have the same effect?

Don't the non-trust DVC contracts already have expiration dates, at which point DVC gets them back and could resell those resorts for higher prices? Isn't that also the same effect?

Yes true they likely do get them back and sell them for more. It's my expire with MVC that once the trust came around and there was millions more points out and available in the marketplace inventory because zero and the value you buy for your "week" in trust points doesn't keep value and you soon can do the same vacation you bought and paid for. maybe the flexibility with DVC of per point nights and not having to book a full 7 days gets around that