Legally it’s a nightmare. Financially it’s a nightmare. They didn’t realize how bad of a nightmare until they tried this with OKW. Now they’re stuck with a hybrid of a resort with two different expiration dates. The 2042-2057 period at OKW is going to be an interesting one to say the least.
An extension of 15 or 20 years doesn’t help them that much either. It postpones the inevitable.
Unfortunately, the off property resorts (HHI/VB) will likely be sold off. That’s instant capital and they won’t need to spend money on renovations there. OKW won’t see a major overhaul until after 2042 because of the extension.
So you’re looking at BRV, BWV, BCV.. all prime locations and not the massive resorts you have at SSR or Kidani. They’re going to want to restructure the charts and convert these properties to DVC2 (Riviera and future resorts) or maybe even DVC3 at that point as they’ll have moved onto another whole phase. Yes, it will cost renovation money, but no more than it would starting from scratch, and they will sell at far higher prices.