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New Disney Vacation Club announced.
Disney Vacation Development, Inc., will expand its timeshare resort presence with its next location at the Disney Institute.
The 192-unit development will occupy a unique 16-acre site overlooking the lakefront district at the Downtown Disney area. Initial plans call for the construction of four residential-style buildings with studio, one- and two-bedroom villas and Grand Villa units that sleep up to 12 guests.
Beginning February 10, guests with reservations for the Disney Institute will be relocated to comparable accommodations at other Walt Disney World resorts. The spa, fitness center and Lake Buena Vista golf course will remain open.
Development work will begin this spring with anticipated completion in 2004.
This is not the Eagle Pines DVC that was announced last year, and then put on hold. From the wording of this announcement, it looks like they are going to convert many of the Disney Institute Villas into DVC villas. It says they are moving visitors that are booked at Disney Institute to other resorts. This makes sense, as much of the Disney Institute is currently in moth balls, and this would bring additional people into the DI area. I will post a followup as soon as I receive additional information.
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