By Jason Garcia, Orlando Sentinel
3:59 p.m. EST, December 8, 2011
The Walt Disney Co.'s time-share business said Thursday it will add time shares to Disney's Grand Floridian Resort & Spa, the highest-priced company-owned hotel at Walt Disney World.
The project, in which approximately 147 time-share units will be added in a separate building next to the posh hotel, is the first new Disney Vacation Club resort to begin construction since the global recession sent sales tumbling across the time-share industry.
Disney said the resort addition is expected to open in late 2013. The plans include a children's water-play area and other amenities.
The Grand Floridian expansion should inject some high-demand inventory into Vacation Club, which was one of Disney's fastest-growing businesses before sales ebbed during the recession and the anemic recovery that has followed. The Victorian-themed Grand Floridian is Disney World's most luxurious hotel and is adjacent to the Magic Kingdom, the busiest theme park on the planet with more than 17 million visitors a year.
It will be the second time-share property Disney has built near the Magic Kingdom, joining Bay Lake Tower, an addition to Disney's Contemporary Resort that opened in August 2009.
"We continually look for ways to expand Disney Vacation Club by creating resort experiences that our members will love," Claire Bilby, the senior vice president and general manager of Disney Vacation Club, said in a prepared statement. "With the continued popularity of Bay Lake Tower at Disney's Contemporary Resort, we are thrilled to offer our members and guests a new resort option along the monorail system with easy access to the Magic Kingdom Park, as well as a variety of shopping, dining and recreation experiences."
Though Disney does not report specific financial results for its time-share business, the company said sales of Vacation Club units fell during its most recent quarter, which ended Oct. 1. Disney is currently peddling interests in four resorts: Bay Lake Tower, Disney's Animal Kingdom Villas and Disney's Saratoga Springs Resort & Spa, all of which are in Orlando, and Aulani, a hotel and time share the company opened this summer in Hawaii.
At its peak, Disney Vacation Club generated roughly $190 million a year in operating profit.
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Pretty exciting news. Of course we all knew it ahead of time, or at least we thought we did. LOL.
That would be exciting to one of the founders at GFV, Beth.
I think VWL has 138 and BCV has 208, so it looks like GFVs will in between the two. Of course, there's still rumors that they will convert hotel rooms at GF to DVC villas, so maybe that's only the beginning.
Did you see that they broke ground there this week? http://attractionsmagazine.com/blog/...ort-expansion/--Denise
Its official! Disney to build time shares next to Grand Floridian hotel – 12-08-2011,02:21 PM
Since another thread has been started on this subject. I'm going to merge the two threads.--Denise
I'm not too thrilled about another points reallocation though.--Denise
I too really enjoyed following along on Twitter, Tim. Actually DH was reading the tweets to me as I was wrapping Christmas presents. Did you know that jumping up and down with scissors isn't too safe? It looks like we have a lot to look forward to in 2013.--Denise
I am so thrilled to see that we will be able to book hotel rooms at Grand California. I am sure the points will be sky high, but it is going to be a very helpful option for us on the Disneyland coast.
I attended the DVC Annual Meeting. Highlights:
- Grand Floridian announced! Opening end of 2014.
- On-line booking starts gradually beginning Jan 19
- DVC members will be able to purchase Tables in Wonderland without an AP
- More TV channels including FOX News
- Point reallocations are coming again
- Vacation planner being mailed tomorrow – handed out at meeting
My DVC Home Resorts: BLT, BWV, BCV and VGC
Was there any mention of adding villas to The Disneyland Hotel?
Thanks Tim thrilled about GF, really want to buy there. But not thrilled about the point reallocation, thought when we bought they said that the points would never change. This will be the second reallocation since we join the family
Last edited by Minne's Friend; 12-08-2011 at 03:19 PM.