Disney Vacation Club (DVC) is a vacation timeshare division owned and operated by Disney Vacation Development, Inc., a subsidiary of Disney Parks and Resorts, a unit of the The Walt Disney Company. It allows buying real estate interest in a DVC resort. Disney Vacation Club's Senior Vice President is Ken Potrock.
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 ownerships are sold as either a ground lease or a term-for-years.
In early 2011, it was reported that Disney had purchased land near National Harbor, MD (20 minutes from Washington, DC) and thus could possibly build a resort similar to the three currently located outside of a Disney Theme Park property. However, in late November 2011, Disney announced that it had canceled plans to build a 500-room resort hotel at National Harbor.