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. 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.
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- Written by Nick Copley
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.
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- Written by Sharon Vigoroso
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.
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- Written by Nick Copley
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.
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- Written by Sharon Vigoroso
The southern tip of the Baja California peninsula provides a scenic backdrop for E3Escapes' 13,000 sq ft luxury fractional home.
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- Written by Nick Copley
The Four Seasons Residence Club in Punta Mita, Mexico has unveiled its Phase II expansion, which consist of 15 new fractional homes.
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- Written by Nick Copley
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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- Written by Nick Copley
There are more and more private residence clubs offering preview stays as a way to try out the club before you buy.
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- Written by Sharon Vigoroso
A 15th-century palace is home to Palazzo Tornabuoni, a private residence club situated in an upscale shopping district in the heart of Florence.
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- Written by Nick Copley
Fairmont Heritage Place, the private residence club from Fairmont Hotels & Resorts, has assumed management of two private residence clubs formerly operated by Storied Places. The two clubs are at Nature's Door, Whistler and Inspiration, Miramar Beach in Sandestin, Florida.
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- Written by Nick Copley
Reach Advisors surveyed 378 members of nine luxury private residence clubs located in top ski resorts. The survey assessed the satisfaction with availability and the likelihood that members would recommend the club to friends and family.