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The Guide to Shared Luxury Property

Private Residence Clubs and Luxury Fractional Property

Private Residence Club View

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.


Private Residence Club Launches on the Blue Ridge Parkway, NC

The Parkway Club at Turtle Creek has introduced the first Private Residence Club on the Blue Ridge Parkway just outside of Blowing Rock, North Carolina.

Read more: Private Residence Club Launches on the Blue Ridge Parkway, NC

 

Luxury Private Residence Club is Launched in Asheville, NC

The Asheville Club at 151 is the new private residence club in downtown Asheville, North Carolina. Comprised of lavish two and three-bedroom residences it sits atop the new boutique Hotel Indigo.

Read more: Luxury Private Residence Club is Launched in Asheville, NC

 

Are Vacation Homes Stressful?

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?”.

Read more: Are Vacation Homes Stressful?

 

The Sebastian in Vail to Relaunch with Its New Name

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

 

Private Residence Clubs - Try Before you Buy

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:

Read more: Private Residence Clubs - Try Before you Buy

 

Fractional and Shared Property Smaller in 2009

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.

Read more: Fractional and Shared Property Smaller in 2009

 

New Slopeside Resort opens in Steamboat Springs, Colorado

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

 

The Porches in Steamboat Springs Attracts Buyers

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.

Read more: The Porches in Steamboat Springs Attracts Buyers

 

Fractional Sales and Resales in New York City

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.

Read more: Fractional Sales and Resales in New York City

 

The Ritz-Carlton Club Announces Its Luxurious Lake Tahoe Residences

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

 

Delta AirElite & Four Seasons Residence Club Vail Form Partnership

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

 

Fractional Exchange Programs Continue to Expand

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 it’s nice to have an exchange program available to swap some of your time.

Read more: Fractional Exchange Programs Continue to Expand

 

Fractional Sales and Resales Around Lake Tahoe

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.

Read more: Fractional Sales and Resales Around Lake Tahoe

 

Fractional Sales and Resales in Vail Colorado

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.

Read more: Fractional Sales and Resales in Vail Colorado

 

Ragatz Reports Fractional Sales Drop in 2008

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.

Read more: Ragatz Reports Fractional Sales Drop in 2008

 

Fractional Sales and Resales in Aspen Colorado

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.

Read more: Fractional Sales and Resales in Aspen Colorado

 

Try out a Private Residence Club – Part 2

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.

Read more: Try out a Private Residence Club – Part 2

 

The Largest Fractional Home in Cabo San Lucas, Complete with Luxury Yacht

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

 

Four Seasons Punta Mita Expands its Residence Club

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

 

Timbers Collection Introduces Exchange Program

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.

Read more: Timbers Collection Introduces Exchange Program

 

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