Disney Vacation Club - Wikipedia Disney Vacation Club This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. ( February 2014 ) Disney Vacation Development, Inc. Trading name Disney Vacation Club Type Subsidiary corporation Industry Hospitality, Tourism Founded December 1, 1991 ; 26 years ago ( 1991 - 12 - 01 ) ( in Bay Lake, Florida ) Headquarters Celebration, Florida Key people Jeff Vahle ( President, Disney Signature Experiences ) Products Timeshare Parent Disney Signature Experiences, Walt Disney Parks, Experiences and Consumer Products ( The Walt Disney Company ) Website Official website The Disney Vacation Club ( DVC ) is a vacation timeshare program owned and operated by Disney Signature Experiences, a subsidiary of Walt Disney Parks, Experiences and Consumer Products, a unit of The Walt Disney Company. It allows buying real estate interest in a DVC resort. Contents 1 History 2 Membership 3 Locations 4 See also 5 References 6 External links History The first Disney Vacation Club property, known as the Disney Vacation Club Resort ( later renamed Disney 's Old Key West Resort in January, 1996 ), opened on December 20, 1991 at Walt Disney World. In 1991, Disney had registered its time share plan with the state of Hawaii but did not establish an escrow agreement with Hawaii at the time of its creation. This allowed Disney to advertise its time share company in the state but did not allow for sales. On January 17, 1992, Disney Vacation Club was incorporated as Disney Vacation Development, Inc. On March 30, 1993 Disney Vacation Development Inc announced plans for a 440 - unit time - share resort 95 miles south - east of Walt Disney World in Florida with ground breaking on July 28, 1994. This resort hotel, today known as Disney 's Vero Beach Resort, opened on October 1, 1995 as the Vacation Club Resort at Vero Beach, Florida. Disney would then open Disney 's Hilton Head Island Resort just five months later on March 1, 1996 in Hilton Head Island, South Carolina. Disney 's Animal Kingdom Villas opened its first phase in 2007 at $17,000 for a membership. By September 17, 2008, Disney Vacation Development had two new time share properties being built, Bay Lake Tower and Treehouse Villas in Orlando at existing Disney park hotels and both were to open in 2009. Bay Tower was expect for its timeshares to open at $18,000. On October 3, 2007, Disney announced it would open its latest Disney Vacation Club resort on 21 acres it had purchased in Ko Olina Resort, Honolulu / Oahu, with building slated to begin in 2008 with completion in 2011. The resort would offer both DVC units as well as standard hotel rooms for guests of the resort. With the announcement, DVC filed its remaining paperwork to allow its timeshare units to be sold in Hawaii. Three top executives were fired for selling 460 Ko Olina timeshare units for what were deemed unprofitable prices. The Hawaii resort opened as Aulani on August 28, 2011. In early 2011 it was reported that Disney had purchased land near National Harbor, Maryland, a suburb of Washington, D.C., to potentially build a resort similar to the three Disney Vacation Club resorts not located at Walt Disney World. In late November 2011, however, Disney announced that it had canceled plans to build a 500 - room resort hotel at National Harbor. In 2011, the company announced that it would no longer allow secondary market DVC points purchasers to use their points on Disney Cruise Line, Adventures by Disney or the Concierge Collection luxury hotel group. In April 2016, Disney Vacation Development also ended the extension of Membership Extras benefits to those who purchase DVC contracts through secondary markets. Disney was one of the last major timeshare companies to eliminated these benefits according to the American Resort Development Association. Starting in mid-2015, DVC began using a nonjudicial foreclosure process forcing auction bidders to be present instead of allowing online bid submissions with the Orange County Clerk of Court 's office. In May 2016 DVC approved Vacatia for DVC resales. This would be in addition to such sales through Fidelity Resales. In May 2016, DVC announced that its new property at Disney 's Wilderness Lodge would be called Copper Creek Villas & Cabins. A brisk aftermarket with a perceived high resale value exists for the Disney timeshare memberships. In May 2016, Sharket time - share market research company issued a 2015 resale value list ( having a score based on resale volume and prices ) which saw memberships in Disney Vacation Club locations crowded out the competitors. Saratoga Springs, Bay Lake Tower at the Contemporary and Animal Kingdom Villas were the company 's timeshares near the top of the list. Membership To be a DVC member, one must purchase a one - time real estate interest in one of the Disney Vacation Club Resorts, and thereafter pay annual dues. All memberships are sold as either a ground lease or a term - for - years. Their timeshare may not be sold in Nebraska. Disney includes a Right of first refusal clause in their membership contracts and uses a nonjudicial foreclosure process. The company has only two approved resale companies, Fidelity Resales and Vacatia. Disney also provides time - share loans for the purchaser. Locations Aulani Locations of Disney timeshares Hilton Head Resort Vero Beach Disney World Grand Californian Villas Locations of Disney timeshares Property Co-located Location Units Opened Source The Villas at Grand Californian Hotel Disneyland Resort Bay Lake Tower Contemporary Resort Walt Disney World Resort 300 Animal Kingdom Villas Animal Kingdom Lodge 000000002007 - 01 - 01 - 0000 2007 Beach Club Villas Beach Club Resort BoardWalk Villas Boardwalk Resort Polynesian Villas & Bungalows Polynesian Village Resort Treehouse Villas at Saratoga Springs Resort & Spa 60 000000002009 - 01 - 01 - 0000 2009 The Villas at Grand Floridian Resort & Spa Boulder Ridge Villas Wilderness Lodge 000000002000 - 01 - 01 - 0000 2000 Copper Creek 000000002017 - 07 - 17 - 0000 July 17, 2017 Old Key West Resort ( formerly Disney Vacation Club Resort ) stand alone 000000001991 - 12 - 20 - 0000 December 20, 1991 Disney 's Riviera Resort 300 pending fall 000000002019 - 01 - 01 - 0000 2019 Vero Beach Resort Vero Beach, Florida 000000001995 - 10 - 01 - 0000 October 1, 1995 Hilton Head Island Resort Hilton Head Island, South Carolina 000000001996 - 03 - 01 - 0000 March 1, 1996 Aulani Ko Olina, Hawaii 000000002011 - 08 - 28 - 0000 August 28, 2011 See also Business portal Time - share References ^ Jump up to : Polsson, Ken. `` Chronology of Walt Disney World ( 1990 - 1994 ) ''. Chronology of the Walt Disney Company. Ken Polsson. Retrieved September 24, 2015. 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. ^ Jump up to : Allison Schaefers ( October 6, 2007 ). `` Disney 's travel club can not sell in Hawaii : A resort on Oahu is set, but the firm needs an OK to offer time shares ''. Honolulu Star - Bulletin. Retrieved December 3, 2010. Jump up ^ `` Business Entity Detail : Disney Vacation Development, Inc. ( search on name or Entity Number : C1701937 ) ''. California Business Search. Califorina Secretary of State. Retrieved June 23, 2016. Jump up ^ Polsson, Ken. `` Chronology of Walt Disney Company ( Early 1993 ) ''. Chronology of the Walt Disney Company. Ken Polsson. Retrieved September 18, 2015. The New York Times, March 31, 1993. Page D4. ^ Jump up to : Smith, Dave ( 1998 ). `` Vacation Club Resort, Vero Beach, Florida ''. Disney A to Z - The Updated Official Encyclopedia. p. 584. Retrieved September 24, 2015 -- via Chronology of Walt Disney Company ( End of 1994 ). ^ Jump up to : 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 ). ^ Jump up to : Jason Garcia ( September 16, 2008 ). `` Disney 's time - share kingdom grows ''. Orlando Sentinel. Archived from the original on September 19, 2008. Retrieved September 16, 2008. ^ Jump up to : Kain, Matthew ( October 12, 2011 ). `` Disney 's Hawai'i - themed resort awakens local hopes and dreams ''. Honolulu Weekly. Retrieved June 21, 2016. Jump up ^ Heath, Thomas ( November 25, 2011 ). `` In a blow to Prince George 's, Disney backs out of National Harbor ''. Washington Post. Retrieved November 18, 2015. Jump up ^ Pedicini, Sandra ( April 4, 2016 ). `` Disney Vacation Club eliminates perks for resale buyers ''. Orlando Sentinel. Retrieved June 23, 2016. ^ Jump up to : Pedicini, Sandra ( June 2, 2016 ). `` Disney time shares fuel a robust resale market ''. Orlando Sentinel. Retrieved January 12, 2017. ^ Jump up to : Pedicini, Sandra ( January 18, 2016 ). `` Disney begins bypassing courts with time - share foreclosures ''. Orlando Sentinel. Retrieved June 23, 2016. ^ Jump up to : Pedicini, Sandra ( May 22, 2016 ). `` DVC approves Vacatia, names its newest project ''. Orlando Sentinel. Retrieved June 23, 2016. ^ Jump up to : Bevil, Dewayne ( June 26, 2017 ). `` First look : Disney Vacation Club 's Copper Creek ''. Orlando Sentinel. Retrieved April 5, 2018. Jump up ^ Kubersky, Seth ( July 15, 2017 ). `` DVC Disney Riviera Resort and Skyliner gondola transportation announced for Walt Disney World ''. Attractions Magazine. Retrieved April 5, 2018. External links Official website Walt Disney World Resorts Location Deluxe Moderate Value Deluxe Villa / Disney Vacation Club Magic Kingdom Resort Area Disney 's Contemporary Resort Disney 's Grand Floridian Resort & Spa Disney 's Polynesian Village Resort Disney 's Wilderness Lodge None None Bay Lake Tower at Disney 's Contemporary Resort Disney 's Polynesian Villas & Bungalows The Villas at Disney 's Grand Floridian Resort & Spa Boulder Ridge Villas at Disney 's Wilderness Lodge Copper Creek Villas & Cabins at Disney 's Wilderness Lodge Epcot Resort Area Disney 's Beach Club Resort Disney 's BoardWalk Inn Disney 's Yacht Club Resort Star Wars Hotel Disney 's Caribbean Beach Resort None Disney 's Beach Club Villas Disney 's BoardWalk Villas Disney Riviera Resort Animal Kingdom Resort Area Disney 's Animal Kingdom Lodge Disney 's Coronado Springs Resort Disney 's All - Star Movies Resort Disney 's All - Star Music Resort Disney 's All - Star Sports Resort Disney 's Animal Kingdom Villas Disney Springs Resort Area None Disney 's Port Orleans Resort - French Quarter Disney 's Port Orleans Resort - Riverside None Disney 's Old Key West Resort Disney 's Saratoga Springs Resort & Spa ESPN Wide World of Sports Resort Area None None Disney 's Art of Animation Resort Disney 's Pop Century Resort None Campsites and cabins Disney 's Fort Wilderness Resort & Campground Residental Golden Oak at Walt Disney World Resort Non-Disney resorts B Resort & Spa Best Western Buena Vista Palace Doubletree Four Seasons Hilton Holiday Inn Shades of Green Walt Disney World Dolphin Walt Disney World Swan Wyndham The Walt Disney Company Company timeline Retlaw Enterprises Criticism Company officials Founders Walter Elias Disney Roy Oliver Disney Executives Bob Iger ( CEO ) Alan N. Braverman ( SEVP / GC ) Christine McCarthy ( CFO ) Board of directors Susan E. Arnold ( Independent Lead ) Mary T. Barra Safra Catz John S. Chen Francis A. deSouza Bob Iger ( Chairman ) Maria Elena Lagomasino Fred H. Langhammer Aylwin B. Lewis Mark G. Parker Walt Disney Studios Walt Disney Animation Studios Walt Disney Pictures Distribution Touchstone Pictures Disney Music Group Disney Theatrical Group Disneynature Lucasfilm Marvel Studios Pixar Media Networks Disney -- ABC TV Group ABC Entertainment Group ABC TV Stations Disney Channels US ESPN ( 80 % ) A&E Networks ( 50 % ) Parks, Experiences and Consumer Products Parks and Resorts Walt Disney Imagineering Disneyland Resort Disneyland Paris Walt Disney World Resort Hong Kong Disneyland Resort Shanghai Disney Resort Signature Experiences Adventures by Disney Disney Cruise Line Disney Vacation Club Consumer Products and Interactive Media Licensing Disney Store Disney Publishing Worldwide Disney English Disney Online Games and Interactive Experiences Disney Mobile The Muppets Studio Direct - to - Consumer and International BAMTech ( 75 % ) Disney Digital Network Disney -- ABC Domestic Television Disney Channels Worldwide Disney Media Distribution ESPN+ Hulu ( 30 % ) Walt Disney Studios Home Entertainment Movies Anywhere Streaming service International Argentina CIS France India UTV Software Communications Italy Latin America Germany Super RTL RTL II Other assets Buena Vista Marvel Entertainment Reedy Creek Energy See also : Acquisition of 21st Century Fox ( pending ) Walt Disney Parks and Resorts Disneyland Resort Disneyland Disney California Adventure Downtown Disney Walt Disney World Magic Kingdom Epcot Disney 's Hollywood Studios Disney 's Animal Kingdom Disney 's Typhoon Lagoon Disney 's Blizzard Beach ESPN Wide World of Sports Complex Disney Springs Tokyo Disney Resort ( Oriental Land Co. licensee ) Tokyo Disneyland Tokyo DisneySea Disneyland Paris ( Euro Disney ) Disneyland Park Walt Disney Studios Park Disney Village Hong Kong Disneyland Resort Hong Kong Disneyland Inspiration Lake Shanghai Disney Resort Shanghai Disneyland Park Disneytown Disney Cruise Line Castaway Cay Disney Magic Disney Wonder Disney Dream Disney Fantasy Disney Vacation Club Animal Kingdom Villas Aulani Bay Lake Tower Beach Club Villas BoardWalk Villas Hilton Head Island Resort Old Key West Resort Polynesian Villas & Bungalows Saratoga Springs Resort & Spa Vero Beach Resort The Villas at Disney 's Grand Californian Hotel & Spa The Villas at Disney 's Grand Floridian Resort & Spa The Villas at Disney 's Wilderness Lodge Other Anaheim Sports Adventures by Disney Disney dollar Disney 's Fairy Tale Weddings & Honeymoons ESPN Zone Rail transport runDisney Team Disney Walt Disney Imagineering Walt Disney Creative Entertainment World of Disney Cancelled and former parks Discovery Island Disney 's America Disney Regional Entertainment Club Disney DisneyQuest Pleasure Island Port Disney DisneySea River Country Walt Disney 's Riverfront Square WestCOT Walt Disney Parks, Experiences and Consumer Products Retrieved from `` https://en.wikipedia.org/w/index.php?title=Disney_Vacation_Club&oldid=843404854 '' Categories : Walt Disney Parks and Resorts Disney Vacation Club Timeshare chains 1991 establishments in Florida Hidden categories : Articles needing additional references from February 2014 All articles needing additional references Official website different in Wikidata and Wikipedia Year of establishment missing Talk Contents About Wikipedia Français 日本 語 Português Edit links This page was last edited on 28 May 2018, at 23 : 10. 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Question: what year did the disney vacation club start
Answer: 1991