Fractional Index Categories
Condo hotels are typically high-rise buildings developed and operated as luxury hotels, usually in the major cities and resorts around the world. These hotels have condominium units which allow someone to own a full-service vacation home. When the investors aren’t using their owned time, they can leverage the marketing and management done by the hotel chain to rent and manage the condo unit as it would any other hotel room.
A typical luxury Fractional residence will be a situated in a holiday destination or vacation resort environment, each shareholder purchases a percentage equity share in a company which in turn owns the residence asset, each of the shareholders will be entitled to their allocated percentage of use time per year. Fractional owners are usually permitted to rent out their un-used time and receive the income .
Private Residence Club
Private Residence Clubs generally occupy the top end of the fractional property market with the highest value properties. They are staffed and service to a ultimate five star standard with a concierge service, housekeepers etc. A PRC is a fractional, vacation real estate development owned by members with fractions broadly ranging from four to 12 owners per residence .