Iger asked about Contemporary DVC

Posted by: Clare Swindlehurst on Thursday, July 31, 2008
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Disney Vacation Club

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Despite applying for, and receiving, approval to sell time shares at the new Contemporary tower – under the resort name Bay Lake Tower – Disney has yet to make an official announcement about this new property.

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.”

Disney’s CEO Bob Iger didn’t take the bait and commented only that Disney is focused on selling the currently available shares in the Animal Kingdom Lodge.

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.”

Disney Vacation Club update – the Contemporary

pixie Iger asked about Contemporary DVC

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