Monday, October 02, 2023
LoginMembership

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. They also offer true, deeded ownership whereas timeshares usually just offer a "right to use."

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.

Details
Many second home markets have seen price drops of 20-40% over the last few years. Private residence clubs and luxury fractionals in these markets have reflected these overall real estate trends. In some cases the prices are down by over a hundred thousand dollars. Here are some examples in some sought after locations.

Details
Owning your own ski home may mean you spend more time worrying about burst pipes and roof replacements, than the time you spend enjoying the slopes. That's where shared ownership comes in. It removes the worries and hassles of ownership, while giving you a place to call home. Deer Valley offers several high end fractional options.

Details

Located in the southern tip of the Baja California peninsula, Cabo San Lucas is one of several small towns towns known collectively as "Los Cabos" ("The Capes"). And with average temperatures that seldom go below the mid-fifties and highs that seldom reach above the mid-nineties, this mild climate combined with access to both beaches and deserts makes "Cabo" one of the more popular resort communities in the world.

Details
Have you ever envisioned owning your very own luxury lodge nestled in the heart of Napa Valley wine country? What if it included access to an indulgent spa, gourmet restaurant and five-star hospitality services? Now fantasize sipping a fine vintage from your own private wine collection stored in an on-site wine cave?

Details

London's 47 Park Street Grand Residences by Marriott in the Mayfair district provides members with all the amenities of a five-star hotel as well as all the comforts of a luxuriously appointed home. Part of the Grand Residences by Marriott program, this firm offers fractional ownership shares of prime real estate in the heart of one of the world's premier cities.

Details
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.

Details

Even the most avid winter sportsman knows that, at least sometimes, it's better to spend part of the winter somewhere the snow never flies. Of course, northern residents who don't enjoy any part of the season after November, the “snowbirds,” flock somewhere more temperate as often as they can.

Details
Just in time for the Spring real estate season, a recent article in Barron's highlighted the best places to purchase second homes in the United States. Barron's rates these locations based on beauty, comfort, convenience, a range of lifestyles and, above all else value now that the worst of the financial crisis is over.

Details
In Costa Rica, one of the premier tropical destinations of the world, there's a new place to own a vacation home, The Palms at Playa Flamingo.

Details

Under a new multi-year relationship, Fairmont Heritage Place owners will now be able to enjoy vacations at a select collection of The Registry Collection program affiliated destinations worldwide and have access to a broad range of luxury resort experiences. Similarly, members of The Registry Collection program will now also enjoy access to the Fairmont Heritage Place destinations.