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Thread: Disney Receives Timeshare License for Riviera Resort

  1. #1
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    Default Disney Receives Timeshare License for Riviera Resort

    Disney is in the middle of its marketing efforts for Copper Creek Villas & Cabins at Disney's Wilderness Lodge, the newest Disney Vacation Club Resort. Nevertheless, Disney has already taken the preliminary steps to market the next DVC resort.



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  2. #2
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    We are planning to be at WDW next fall. Keeping fingers crossed that we will be able to book this resort. Would be great to have the new transportation to Epcot and DHS.

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    The Florida timeshare license allows Disney to sell the Riviera Resort in Florida, but it is not automatically licensed to sell it in other States or Provinces.

    When sales started for the Polynesian back in January 2015, Disney was not licensed to sell the Poly in several key jurisdictions, including California and New York. If I recall correctly, it was a couple months or three before Disney was licensed to sell the Poly in California. I'm sure Disney lost some sales for the Poly because some potential buyers could not buy because they weren't physically in Florida when they wanted to sign the paperwork.

    I didn't hear if Disney had any licensing issues when it started selling Copper Creek in March 2017.

    Maybe Disney is not taking any chances of a repeat of the licensing issue with the Riviera, so it getting all the licensing requirements satisfied as as soon as possible.






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    There is an urban legend about timeshares that a certain percentage of the resort must be built before a developer can market and sell the timeshare to the public.

    This is not true, at least in Florida. To get a timeshare license, a developer such as Disney must submit a Public Offering Statement for the timeshare project. It must also show that it has an escrow account to hold the monies it receives from sales while the project is being built. The Florida Department of Business & Professional Regulations issues and administers the timeshare licenses and it says

    Prior to offering any timeshare plan, the developer must submit a registered public offering statement to the division for approval. Additionally, the developer must establish an escrow account with an escrow agent for the purpose of protecting the funds of purchasers. Cite: Sections 721.03, 721.07 and 721.08(1), F.S. and Rule 61B-39, F.A.C.






  5. #5
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    FYI - Disney received a timeshare license for Bay Lake Tower on February 16, 2008. Sales for BLT started in September 2008 and the resort did not open until August 4, 2009. There was almost an 18-month gap between the licensing date and the opening date.

    If the Riviera follows BLT's timeline, then the resort might not open until January 2020.

    Just goes to show you that you have to understand the data before you try to predict what might happen.






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