DVC appears to be attempting to convert more inventory at Disney’s Old Key West Resort to extended 2057 contracts through an exclusive buyback offer!
As shared over on DISboards, many original Old Key West owners received the following email Monday afternoon:
Dear Member Family,
We recently noticed that you haven’t been utilizing your Disney Vacation Club Resort. It is always our goal to ensure that you are getting the most out of your Membership so that you and your family can enjoy magical vacations year after year.
We understand that now may not be the right time for you and your family to travel. Or perhaps you were saving up for that extra special vacation. Don’t forget that you can bank points from your current use year to give you even greater flexibility for future vacations.
However, if your family has decided that your Disney Vacation Club Resort isn’t the right fit for you right now, we would welcome the opportunity to speak to you if you are interested in selling back your ownership interest at Disney’s Old Key West Resort.
While we never want to see a Member leave, we understand that sometimes circumstances change. If this is the case for you and your family, please contact us at 800-782-6767 to speak with a Quality Assurance Cast Member. Business hours are 9am-6pm EST, 7-days a week.
Additionally, for a limited time, you may be eligible for a 10% increase over the price per point that Disney Vacation Club would currently offer when choosing to exercise its options to reacquire an ownership interest.
Sincerely,
Disney Vacation Club
*This offer may be withdrawn at any time and prices are subject to change without prior notice.
One of the lingering issues related to Old Key West’s extension is that a tiny percentage of owners took advantage of this when initially offered. Disney Vacation Club appears to be combating this problem by getting more and more aggressive with Right of First Refusal (ROFR) for this resort to convert more of the property to a 2057 expiration.
Although DVC is offering a 10% premium, it remains to be seen what the actual price per point they are offering owners is and whether it is above the amount of money that could be obtained by selling through a DVC resale company.
Stay tuned to DVC Fan, the DVC Fan Facebook Group, and The DIS for more information as it becomes available!
I received the same letter for Saratoga Springs.