Tuesday, July 29, 2014
   
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Fairmont Heritage Place Adds Residence Club in Santa Fe, New Mexico

The Residence Club at El Corazon de Santa Fe, Santa Fe's only downtown fractional ownership property, is to be managed by Fairmont Heritage Place, an exclusive private residence club offering from global luxury hotel brand Fairmont Hotels & Resorts.

El Corazon de Santa Fe

The private residence club development will join Fairmont's growing collection of premier locations, over 200 luxury homes and more than 2,000 homeowners worldwide. In addition to joining Fairmont Heritage Place, members will enjoy enhanced amenities including an expanded clubhouse and reception area, a new owners' fitness area, a private owners' park and furniture and fixtures in the Club's Residences will be refurbished.

Additionally, existing and future owners at the Residence Club will be invited to participate in Fairmont's Ownership Benefit Program, including membership in the Fairmont President's Club, a recognition program designed around members' personal travel passions, including exclusive access to many special events and other opportunities.

"This is a wonderful opportunity for both the current and future owners at the Residence Club at El Corazon de Santa Fe. We're very excited about becoming part of Fairmont's prestigious Heritage Place collection," said Rob Harper, property developer with Unity Hunt, Inc., based in Dallas, Texas.

David Shaklee, Vice President, Residential Development, Fairmont Raffles Hotels International said, "Fairmont Heritage Place owners value our distinctive collection of exquisite properties around the globe that offer unique experiences, yet consistently excellent hospitality. El Corazon de Santa Fe is a great addition to our portfolio."

Starting in the mid-$100,000's, the Residence Club at El Corazon (pictured above) is a fractionally owned residential property. Buyers receive a deed for a one-eighth undivided interest in a fully furnished residence. Because this is true deeded ownership, the interests can be sold, willed, deeded or placed in a trust, just like any other form of real estate. However, unlike conventional real estate, ownership in the Residence Club provides exclusive owner privileges and benefits in Santa Fe's highly desirable downtown location. The Residence Club at El Corazon de Santa Fe offers its owners all of the benefits of ownership and more at a fraction of the cost of traditional ownership. This earlier article discusses the reasons people buy into private residence clubs.

Santa Fe is one hour north of the Albuquerque International Sunport and is world renowned as a special place to visit, live and to retire. Three hundred twenty five days of sunshine and Santa Fe's limitless cultural and recreational attractions make Santa Fe an ideal place to enjoy second home ownership in a stimulating environment. With a population of 68,000, and established over 400 years ago, Santa Fe combines small-town charm with the sophistication of a world-class destination. Consistently in the top 5 favorite cities in America, Santa Fe holds a powerful appeal for those who love arts and culture as well as the outdoors, offering everything from its world-class Opera and sophisticated culinary scene to fine art galleries and beautifully groomed golf courses, skiing, and fly-fishing.

Fairmont Heritage Place is a leading operator of private residence clubs. Featuring luxury home developments in world-class destinations like San Francisco, Telluride and Acapulco, Fairmont Heritage Place combines the impressive amenities and attentive service of Fairmont Hotels & Resorts with the luxurious comforts of an elegant private retreat. Fairmont Heritage Place owners, as well as being able to enjoy their own homes, can utilize their allotted time at other Fairmont Heritage Place locations around the world. They also have the opportunity to enjoy exchange privileges at Fairmont and Raffles worldwide collection of distinctive hotels and resorts, including landmark properties like the newly restored Savoy hotel in London, The Fairmont Banff Springs in the Canadian Rockies, and Raffles Hotel in Singapore.

Other leading luxury hotel operators that run private residence clubs include Ritz-Carlton and Four Seasons, while brands such as Marriott and Hyatt also have fractional offerings.


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