Disney Vacation Development, LLC, operating as Disney Vacation Club (DVC), is a vacation timeshare program of The Walt Disney Company. The program allows members to purchase a real estate interest in a DVC resort through a points-based system. There are an estimated 250,000 members. DVC operates under the Disney Signature Experiences segment within the company’s Disney Experiences division.
DVC offers ownership interests in 13 resort properties located at Walt Disney World Resort in Orlando, Florida and 2 at Disneyland Resort in Anaheim, California, along with 3 stand-alone properties including Aulani in Hawaii, Disney's Vero Beach Resort in Florida, and Disney's Hilton Head Island Resort in South Carolina. Units are sold under vacation ownership plans and are used by the company as hotel accommodations when not occupied by DVC members.
History The first Disney Vacation Club property, initially known as the Disney Vacation Club Resort (renamed Disney's Old Key West Resort in January 1996), opened on December 20, 1991 at Walt Disney World.The Disney Magazine, Spring 1996, Volume 31, Number 2. Page 18. Disney A to Z – The Updated Official Encyclopedia, by Dave Smith, 1998. Page 584. In 1991, Disney registered its timeshare plan with the state of Hawaii but did not establish an escrow agreement, allowing the company to advertise—but not sell—timeshare interests in the state. On January 17, 1992, Disney Vacation Club was incorporated as Disney Vacation Development, Inc.
On March 30, 1993, Disney announced plans for a 440-unit timeshare resort approximately southeast of Walt Disney World, with construction beginning on July 28, 1994. The New York Times, March 31, 1993. Page D4. The property opened on October 1, 1995, as the Vacation Club Resort at Vero Beach, Florida, later renamed Disney's Vero Beach Resort. This was followed by the opening of Disney's Hilton Head Island Resort on March 1, 1996, in Hilton Head Island, South Carolina.Vacation Club Resort, Hilton Head Island, South Carolina. Page 584. Disney A to Z – The Updated Official Encyclopedia, by Dave Smith, 1998. Via Chronology of Walt Disney Company (1996 January-June).
In 2007, Disney's Animal Kingdom Villas opened its first phase. By 2008, Disney had announced two additional timeshare developments at Walt Disney World: Bay Lake Tower and Treehouse Villas, both located at existing resort hotels and scheduled to open in 2009.
On October 3, 2007, Disney announced plans to develop a vacation club resort on in the Ko Olina Resort area on the island of Oahu, Hawaii. The project included both DVC units and standard hotel rooms, and Disney completed regulatory steps required to sell timeshare interests in Hawaii. The resort opened as Aulani on August 28, 2011.
In early 2011, Disney purchased land near National Harbor, Maryland, with plans to develop a resort near Washington, D.C. In November 2011, the company announced that the proposed 500-room project had been canceled.
In November 2019, Disney filed plans for a new Disney Vacation Club tower at the Disneyland Hotel. The tower opened on September 28, 2023.
In 2021, Disney announced an expansion of the Villas at Disney's Grand Floridian Resort & Spa, adding approximately 200 studio units. The expansion was completed on June 23, 2022.
Plans for a new Disney Vacation Club tower at Disney's Polynesian Village Resort were announced in 2022. In May 2024, the project was named Island Tower at Disney's Polynesian Village Resort, which opened on December 17, 2024.
In November 2024, Disney announced that the previously proposed Reflections would be developed instead as Disney Lakeshore Lodge, a 10-story resort planned to open in 2027 at Walt Disney World Resort with approximately 900 rooms, the company's largest development to date.
Membership To become a DVC member, an individual must purchase a one-time real estate interest in a DVC resort and pay annual dues. These interests are sold as either a ground lease or a term-for-years arrangement. DVC interests may not be sold in Nebraska. Disney offers financing in the form of loans to purchasers.
DVC membership contracts include a right of first refusal clause. Beginning in mid-2015, the company implemented a nonjudicial foreclosure process in Florida, requiring in-person participation at auctions conducted by the Orange County Clerk of Court. Disney recognizes two approved resale companies: Fidelity Resales and, since 2016, Vacatia.
Beginning in 2011, Disney restricted certain benefits for purchasers of DVC interests on the secondary market, including access to Disney Cruise Line and Adventures by Disney bookings. In April 2016, Disney ended the extension of Membership Extras benefits to resale purchasers. Further resale restrictions were announced in 2019, limiting the use of points purchased on the secondary market to specific resorts depending on the contract.
In addition to Disney-owned resorts, members may access participating non-Disney-owned destinations through exchange arrangements with Interval International.
Locations
Property Location Units Opened The Villas at Disney's Grand Californian Hotel Disneyland Resort, Anaheim, California 71 The Villas at Disneyland Hotel 340 Bay Lake Tower Walt Disney World, Orlando, Florida 300 Animal Kingdom Villas 708 Beach Club Villas 282 BoardWalk Villas 530 Polynesian Villas & Bungalows 380 Island Tower at Disney's Polynesian Villas & Bungalows 360 The Villas at Disney's Grand Floridian Resort & Spa 147 Boulder Ridge Villas 181 Copper Creek Villas and Cabins 185 The Cabins at Fort Wilderness 300 Disney Lakeshore Lodge 967 July 1, 2027 (planned) Old Key West Resort 761 Saratoga Springs Resort & Spa 888 Riviera Resort 300 Vero Beach Resort Vero Beach, Florida 211 Hilton Head Island Resort Hilton Head Island, South Carolina 123 Aulani Ko Olina, Oahu, Hawaii 460
See also
Timeshare
References
External links