DVC at Poly

[jdpk]

While walking through the Poly a few weeks ago we saw many buildings totally gutted inside. Are these the future DVC units or will DVC units be all new construction?

 

[vicki_c]

Some of the existing long houses are being redone for DVC and some (the bungalows over the water) are brand new.

 

[DebbieB]

The 3 longhouses closest to the TTC are going to be DVC.

 

[disneynutz]

Gutting and remodeling allows DVC to sell units faster than building new.

It's surprising that DVC brings more money to Disney than booking regular resort rooms for their cash customers. Since we pay for the running of the resort with our dues, overall DVC must make them more money.

Bill

 

[bookwormde]

Yes they are taking the most of the profits they would have made over the next 40 years of booking hotel rooms and moving them forward and concentrating it to the 2 or so years of DVC sales.

 

[OKW Lover]

Yes they are taking the most of the profits they would have made over the next 40 years of booking hotel rooms and moving them forward and concentrating it to the 2 or so years of DVC sales.

Ummm, that wouldn't be in accordance with GAAP. I'm a recovering bean-counter (retired two years ago) but it seems to me that they would actually incur a liability that would get amortized to income over the life of the contract.

OTOH, they do get the cash from all that up-front so that helps the balance sheet.

 

[bookwormde]

No timeshare sales are immediate gains and are booked and reported as profits in the year they occur.