TikiTwinsDad
08-04-2008, 03:22 PM
Not sure that I saw this posted elsewhere on here. But, this is from the Sentinel:
http://blogs.orlandosentinel.com/business_tourism_aviation/2008/07/disney-chief-as.html
Word of the new tower that Disney Vacation Club is building next to the Contemporary Resort has clearly reached Wall Street.
During the Walt Disney Co.'s third-quarter earnings call yesterday afternoon, analyst Richard Greenfield of Pali Capital asked executives about the "new Disney Vacation Club supposedly being opened up shortly next to the Contemporary."
Not surprisingly, Disney CEO Bob Iger didn't take the bait, saying only that Disney is focused on selling the currently available time shares in the Animal Kingdom Lodge. (Disney still has yet to announce its plans for the Contemporary tower, though it has already applied for -- and received -- approval to sell time shares out of it under the resort name "Bay Lake Tower.")
Here's Iger's full response:
"The focus right now on the Vacation Clubs is in selling the Animal Kingdom property -- both the conversion of the Vacation Clubs in the Animal Kingdom hotel, as well as the additional Vacation Club units that we're creating in a new building structure adjacent to that hotel. And therefore the focus is on selling that. And that's why we've made no other announcements, nor have we put any other new Vacation properties online, meaning for sale."
One other DVC note from the call: Disney CFO Tom Staggs said Vacation Club units sold during the third quarter at about the same pace as a year ago. "They had nice sales, but they were about on par with the prior year," he said.
http://blogs.orlandosentinel.com/business_tourism_aviation/2008/07/disney-chief-as.html
Word of the new tower that Disney Vacation Club is building next to the Contemporary Resort has clearly reached Wall Street.
During the Walt Disney Co.'s third-quarter earnings call yesterday afternoon, analyst Richard Greenfield of Pali Capital asked executives about the "new Disney Vacation Club supposedly being opened up shortly next to the Contemporary."
Not surprisingly, Disney CEO Bob Iger didn't take the bait, saying only that Disney is focused on selling the currently available time shares in the Animal Kingdom Lodge. (Disney still has yet to announce its plans for the Contemporary tower, though it has already applied for -- and received -- approval to sell time shares out of it under the resort name "Bay Lake Tower.")
Here's Iger's full response:
"The focus right now on the Vacation Clubs is in selling the Animal Kingdom property -- both the conversion of the Vacation Clubs in the Animal Kingdom hotel, as well as the additional Vacation Club units that we're creating in a new building structure adjacent to that hotel. And therefore the focus is on selling that. And that's why we've made no other announcements, nor have we put any other new Vacation properties online, meaning for sale."
One other DVC note from the call: Disney CFO Tom Staggs said Vacation Club units sold during the third quarter at about the same pace as a year ago. "They had nice sales, but they were about on par with the prior year," he said.