The first Guaranteed Week deed for the VIllas at Disney's Grand Floridian Resort & Spa has been recorded by the Orange County Comptroller's office.
On June 6, the first fixed week deed was recorded in the Orange County (Florida) property records. The deed appears to mirror the standard Disney Vacation Club filings, with the following new language added:
THE OWNERSHIP INTEREST INCLUDES THE FOLLOWING FIXED USE RIGHT:
Beginning January 1, 2014 (the 'First Fixed Use Date'), the right (the Fixed Use Right) to have a STUDIO STANDARD View Vacation Home Type automatically reserved for use during Week # 20 (the 'Owner's Fixed Use Period') using all of the Home Resort Vacation Points allotted for the applicable Use Year.
The deed reflects an ownership of 168 Vacation Points and a Use Year of April 2013. The buyer will receive points for the 2013 Use Year. Those points must be used or banked by March 31, 2014.
The owner's first Fixed Week usage period will begin on May 18, 2014.
The 168 points represents a 0.1793% interest in Unit 01A at the Grand Floridian. Unit 01A--which has four Two Bedroom vacation homes--represents approximately 93,698 Vacation Points or 23,424 points per villa. The 94 Two Bedroom villas alone will account for about 2,201,900 points.
Total values of the six Grand Villa Units are still unknown.
Additional details regarding the Guaranteed Weeks purchase are available in previous coverage at DVCNews.com.
