Do we think it is possible that there could end up being too many DVC resorts being built? If they build too many, will they end up with empty rooms and then the rates drop, and then we could have stayed at a DVC for less as a guest than we are paying as members?
My papers arrived this week, and we are so excited… but I of course am having the last-minute jitters. When I run across tidbits like this, it does make me nervous… am I being wacky?
From DVCNews.com (originally posted in 2007):
Disney and Four Seasons to Partner on New Development
This week Disney announced two new projects for Walt Disney World, one of which would seem to put to rest any possibility of reviving the Eagle Pines DVC resort project. In partnership with Four Seasons Hotels and Resorts, Disney will reconfigure the land which is currently home to the Eagle Pines and Osprey Ridge golf courses into a “luxury resort and golf community.” The two golf courses will be combined into a single 18-hole championship course, while additional land will be used to construct a luxury hotel plus what is described as “single- and multi-family vacation homes and fractional ownership vacation homes.”
The “single- and multi-family vacation homes” will most likely be some form of timeshare development. With both Disney and Four Seasons running their own timeshare programs, it remains to be seen exactly how these units will be marketed and who will have access to use them.
Fractional ownership vacation homes are similar to timeshares, however they are shared by a much smaller pool of owners—often as few as 4-5 owners per unit.
Given the Four Seasons affiliation, all of these projects are likely to carry significant price tags, offering guests a higher degree of luxury than Disney have ever been able to attain even at a resort like the Grand Floridian.
The second project announced is a commercial district just outside of the new Western Way access gate to Walt Disney World. The project calls for several value-priced resorts (likely similar to those currently outside of Downtown Disney) and 300,000 to 500,000 sq ft of commercial space.