Fractionals
Our fractional conversion projects are revitalizing a vacation ownership market that has been searching for the perfect balance in resort ownership.
Regardless of income, the target audience for fractional ownership real estate is affluent travelers looking for a second home that is at least as plush as their primary residence, but are unwilling to foot the entire bill themselves, deal with renters (and the problems that are often associated with them) or keep up with property maintenance. The pace of fractional ownership sales has slowly increased over the last few years despite a slumping economy, thanks to the more affluent nature of second home buyers.
Owners purchase a deeded share in a hotel or condo conversion (usually 1/8 to 1/4 ) that gives them a certain number of weeks per year at the property and use of all amenities. By only paying for the time you use, fractional ownership can be a much more cost-effective way to stay in desirable locations. Prices range widely from $40,000 to more than $1 million, depending on the location, number of weeks, and level of luxury.
Luxury fractional offers:
Deeded property, with the same rights as any other real estate purchase, greater chance of property appreciation, a longer amount of time on property (from 6-12 weeks), and a luxury level of furnishings, services, and amenities.