The Villas at Disney's Grand Floridian Resort and Spa is the second Disney Vacation Club resort to offer members a Fixed Ownership purchase option. The Fixed Ownership option gives a buyer a guaranteed right to use a specific type of villa, for example, a two-bedroom Lake View, during a specific time period throughout the duration of their resort ownership.
A Fixed Week is for seven consecutive nights beginning from one Sunday to the next Sunday. The timeshare weeks are numbered from 1 to 52 and correspond to the Sundays in the calendar year. Week #1 starts with the first Sunday in each calendar year, while Week #52 starts with the 52nd Sunday in each calendar year.
Though July 31, 2013, Disney Vacation Development has sold 2,331 deeds for the Grand Floridian and 88 of those deeds have been for Fixed Weeks. Although the Fixed Week deeds account for only 3.8% of all deeds sold at the Grand Floridian, they represent for 9.3% of the points sold for the resort.
Not surprisingly, the most popular Fixed Weeks that have sold so far have been are for weeks in the month of December. As displayed in the following chart, 45 of the Fixed Week deeds are for Weeks 49, 50, 51, and 52, all of which begin in December. November is the second most popular month with 14 Fixed Week deeds sold so far. The remaining 29 Fixed Week deeds are scattered throughout the other 10 months of the year.
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Studio villas have been the most popular Fixed Week accommodation type purchased so far with 50 (57%) deeds sold. Two-bedroom villas account for 19 (22%) Fixed Week deeds and one-bedroom villas account for 16 (18%) deeds. Three (3%) Fixed Week deed have been sold for Grand Villas at the Villas at Disney's Grand Floridian Resort.
The Grand Floridian has two view categories: 90 villas are classified as Standard View and 57 villas classified as Lake View. The Fixed Week deeds sold so far have been evenly split between the two view categories with 44 deeds for Standard View villas and 44 deeds for the Lake View villas.
The master declaration for the Villas at Disney's Grand Floridian Resort states that Disney Vacation Development will not sell Fixed Ownership deeds for more than 35% of any specific vacation home type, such as a two-bedroom Lake View. Furthermore, the master declaration states that at least 65% of each vacation home type will be available for traditional DVC point reservations on a first-come, first-served basis.
Due to this 35% cap on Fixed Week sales, there is a limit to the number of Fixed Week deeds that DVD can sell for each accommodation type. The following chart shows the number of Fixed Week deeds that can be sold for each timeshare week for the different accommodation types at the Grand Floridian.
As of July 31, 2013, none of the accommodation types have reached the maximum number of Fixed Weeks that can be sold in any specific week. However, it is likely that some accommodation types for weeks in December will reach the cap limit quite soon. Week #49 has already sold 4 of the possible 5 Fixed Week deeds for two-bedroom Lake View villas.
More details about the Fixed Week purchase option for the Villas at Disney's Grand Floridian Resort--including a chart showing the number of points it costs to purchase each Fixed Week in 2013 and 2014--is available in this DVCNews.com article: http://www.dvcnews.com/index.php/resorts/grand-floridian/news/2295-grand-floridian-guaranteed-week-details.
