Caribbean Private Residence Clubs
Private Residence Clubs = Exclusive Vacation Ownership
What's new about private residence clubs, also known as "fractional ownership" resorts, is that they offer a small number of buyers the opportunity to share ownership in a very luxurious vacation property, villa, or other luxury resort accommodations, available exclusively for their private use. Likewise, this new vacation option presents an attractive alternative to sole ownership in a vacation home.
Private residence clubs differ from traditional resort timesharing in three major ways. First, the private residence club concept sells "fractions" of resort real estate in intervals of more than one week, which is usually the norm for resort timesharing, but is less than whole ownership. Shares or "fractions" typically range from one to three months of ownership.
Secondly, private residence clubs come with a wide range of additional services and benefits to the consumer. This is not unlike a private country club, but with the addition of overnight lodging and ownership in luxurious accommodations.
Some of the added benefits available are year-round storage of the owner's furniture and household goods, pre-arrival concierge services (including ensuring that flowers are fresh) and free transportation.