That is correct, the DVC point conversion was even more egregious than the cash pricing so it’s not surprising that’s the first discounting lever.
My thoughts about it being a dumb investment are well documented across this thread, only partially offset by the fact that I did think it was better experience than I was expecting. But a few voyages a month isn’t viable because you can’t staff that effectively. You also can’t turn it into a normal hotel because the rooms are postage stamps and there’s no infrastructure for pool/buses/parking/etc. It’s like Jurassic Park - so preoccupied with whether they could, they didn’t stop to think if they should.