Private Residence Clubs and Luxury Fractional Property
Owners of luxury fractional property buy a share of a single residence, that provides them with a couple of weeks to thirteen weeks of usage a year. The ownership period varies by development and can be expressed as a fraction (eg 1/10, 1/8, or ¼) or as a number of weeks (eg 5, 6 or 12 weeks).
Private Residence Clubs are the upper tier of the luxury fractional market, providing all the services of a five star hotel together with the ownership.
There are hundreds of fractional and Private Residence Club developments located in city, beach, mountain and resort destinations. Use our home directory to search through these locations.
They are sometimes compared to timeshares, although there are several key differences. For instance luxury fractionals are in better locations, are more luxurious and typically larger, providing 2, 3 or 4+ bedrooms.
This article covers the reasons people buy fractionals and PRCs, and if you're looking to buy read the list of questions to ask before buying your fractional. For easy reference there is a glossary of terms.
The latest news and research on luxury fractionals and Private Residence Clubs is available below.
Written by Nick Copley Wednesday, 18 August 2010 00:00
The Parkway Club at Turtle Creek has introduced the first Private Residence Club on the
Read more: Private Residence Club Launches on the Blue Ridge Parkway, NC
Written by Nick Copley Tuesday, 17 August 2010 15:57
The Asheville Club at 151 is the new private residence club in downtown
Read more: Luxury Private Residence Club is Launched in Asheville, NC
Written by Nick Copley Wednesday, 04 August 2010 00:00
The wealth section of the New York Times ran an article last week on the stresses of owning a vacation home. Writer Paul Andersen speaks from personal experience and interviews a variety of people under the title “If It Causes Stress, Is It Really a Vacation Home?”.
Written by Nick Copley Tuesday, 03 August 2010 08:37
Timbers Resorts in partnership with Ferruco Vail Ventures will operate and manage The Sebastian, formerly the Vail Plaza Hotel & Club, in Vail, Colorado. The newly renamed hotel and residence club will debut in December this year.
Read more: The Sebastian in Vail to Relaunch with Its New Name
Written by Nick Copley Wednesday, 26 May 2010 15:19
A year ago, we wrote two articles on several "try before you buy" offers at private residence clubs. Well, a year later and there are multiple new offers available. Here's a sampling:
Written by Nick Copley Thursday, 01 April 2010 05:50
The annual North America survey by Ragatz Associates showed a significant drop of 44% across all shared property types, including fractionals, private residence clubs and destination clubs.
Written by Nick Copley Monday, 25 January 2010 17:09
Timbers Resorts has opened One Steamboat Place, its latest luxury resort development at the base of majestic Mt. Werner in Steamboat Springs, Colorado.
Read more: New Slopeside Resort opens in Steamboat Springs, Colorado
Written by Nick Copley Monday, 25 January 2010 17:01
Proving that luxury home buyers are still active, The Porches of Steamboat Springs, Colorado, has made six sales; three fractional interests in the Private Residence Club and three whole ownership units, over the last six months.
Written by Sharon Vigoroso Thursday, 21 May 2009 08:27
The Big Apple speaks for itself. New York's Broadway shows, five-star dining, sight-seeing, and world-famous shopping attract the world's best. It is a perfect destination for vacationing as well as providing an exciting place for the busy jetsetter to relax between trips abroad.
Written by Sharon Vigoroso Monday, 27 April 2009 07:38
The Ritz-Carlton Club sets the bar for luxury in Lake Tahoe. Adding the five star services of the Ritz-Carlton to the North Lake Tahoe area will provide an unforgettable experience that can only be found in a handful of ski-in/ski-out properties in the world. Their newest project is nestled in the Sierra Nevadas and is just a gondola ride away from the Northstar Village.
Read more: The Ritz-Carlton Club Announces Its Luxurious Lake Tahoe Residences
Written by Nick Copley Tuesday, 14 April 2009 04:49
This new relationship allows owners and prospective buyers at Four Seasons Residence Club Vail to experience Delta AirElite's private jet Fleet Membership program by the hour.
Read more: Delta AirElite & Four Seasons Residence Club Vail Form Partnership
Written by Nick Copley Friday, 03 April 2009 07:12
Buying a fractional home or private residence club is a great way to acquire just the right amount of vacation home that you need. But, once that sense of wanderlust sets in its nice to have an exchange program available to swap some of your time.
Written by Sharon Vigoroso Wednesday, 01 April 2009 12:12
The Lake Tahoe area is one of the most popular vacation destinations in the Western United States. The region offers a wide selection of fractional ownership opportunities.
Written by Sharon Vigoroso Friday, 13 March 2009 09:21
Vail is home to several private residence clubs and fractonal homes. The current major investment and "transformation" in the village will add even more fractional residences.
Written by Nick Copley Tuesday, 10 March 2009 07:23
In a report out today at the fractional industry conference, Richard Ragatz, President of Ragatz Associates announced that the North American fractional industry sales were $1.525bn in 2008.
Written by Sharon Vigoroso Friday, 06 March 2009 15:28
This is the first in a series of articles about fractional and private residence club sales and resales in specific destinations. Aspen Colorado is the most chic ski resort in the US and also boasts a thriving summer program that makes it immensely popular year round.
Written by Nick Copley Thursday, 26 February 2009 12:14
Last December we covered several ways that private residence clubs let people try out the club, and get a feel for it, before becoming a full member. Here's a selection of other updated offers and trials that are also available to prospective members.
Written by Sharon Vigoroso Thursday, 26 February 2009 05:14
The southern tip of the Baja California peninsula provides a scenic backdrop for E3Escapes' 13,000 sq ft luxury fractional home.
Read more: The Largest Fractional Home in Cabo San Lucas, Complete with Luxury Yacht
Written by Nick Copley Wednesday, 28 January 2009 09:15
The Four Seasons Residence Club in Punta Mita, Mexico has unveiled its Phase II expansion, which consist of 15 new fractional homes.
Read more: Four Seasons Punta Mita Expands its Residence Club
Written by Nick Copley Thursday, 15 January 2009 06:19
Luxury residence club and resort developer, Timbers Resorts, has recently introduced its own exchange program. Owners can now stay at any of the seven Timbers Collection properties, even if they own at just one resort.
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