What does a Fractional and or Private Residence Club mean ?
Fractional and or Private residence clubs combine spacious and luxurious homes with five-star service and a “no-hassle” model of deeded ownership. Each home is sold to multiple owners, who then hold a fraction of the home. Each owner is then assigned a time allotment that varies based on the size of the fraction. It is best for buyers to purchase their residences during the earliest phase, as prices tend to increase as the project reaches sell out.
Ten Reasons to Go Fractional
1. Exclusive locations
2. Ease of ownership(Deeded)
3. Furnished residences
4. Maintenance including house-keeping
5. Investment potential
6. Second home opportunity
7. Close proximity to many ski, golfing and beach destinations
9. Extended stays possible
10. Usually no limit for“space available” visits
The Price of Fractionals
Instead of paying on a per-day basis, private residence club members pay for the residence for a fraction of the year, and there are usually no limits on additional space-available reservations. Prices range from $10,000 to the multi millions, depending on the size of the fraction, the size of the residence and location. In addition, owners pay an annual homeowner fee. Private residence club members can reclaim their initial purchase price through reselling.
Owning Part of a Luxury Hotel
Condo hotels are one of the fastest growth segments in the luxury vacation real estate market. Combining freedom and flexibility from the whole ownership of a second home with the amenities and headache-free maintenance and management of a resort or destination club, condo hotels are an increasingly appealing option for affluent investors and luxury vacationers desiring true deeded ownership in one or more locations.
Colorado and more specificaly the Vail/Beaver Creek Resorts have emerged as one of the most sought after fractional locations nation wide as well as globaly. Vail Beaver Creek Luxury Properties has recognized this domestic and foriegn demand for information and relationships in this emerging market. We have positioned ourselves accordingly, to serve as the number one broker providing buyers the information and tools needed to make informed and timely desicions. Let one of our specialist walk you through this new arena of vacation ownership that is changing the way people all over the world invest in luxury properties. We look forward to serving your every need !