<Tr> <Th> Website </Th> <Td> Official website </Td> </Tr> <P> 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 . </P> <P> 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 . </P> <P> 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 . </P>

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