Equity residence club

Equity residence club

"'Equity Residence Club(SM) developments are an evolution of luxury vacation real estate and allow for the sale of fractional real estate interests to high-income buyers. Although they are a shared-ownership product, they differ significantly from timeshare in terms of pricing, prestige, flexibility and who buys them. These private residence clubs are owned and enjoyed much like a private equity golf country club. Members have access to all club residences in their category with the right to use anytime subject to club reservation policies and availability. Members can reserve club accommodations well in advance and also use them on short-notice and space-available basis. Owners may also invite guests to stay with them during their vacations, and they may invite unaccompanied guests to use any of their planned vacations without a guest fee. Equity Residence Club(SM) properties are designed to offer an ownership cost that is commensurate with the average amount of time a second home is typically used. Residence club ownership provides flexible vacation use and removes the worries typically associated with whole ownership such as upkeep and maintenance. Residence clubs also significantly reduce the financial burden through shared ownership as well as shared taxes and insurance. Owners pay only the published housekeeping fees whenever they vacation at their club on a space available or short notice basis.

There are equity residence club developments in popular beach, golf, ski and urban destinations around the world.

DCP International(SM) pioneered this type of vacation home ownership in 1992 with the Deer Valley Club in Park City, Utah. The company continues to consult developers on sales, marketing and design.


Wikimedia Foundation. 2010.

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • Destination Club — Destination Clubs were invented in 1998, when Rob McGrath, a veteran of the luxury timeshare development business, launched Private Retreats. Since then over 20 companies have launched clubs (and more are being launched every month) targeting… …   Wikipedia

  • Destination club — In a destination club, in exchange for a one time, upfront, mostly refundable membership fee, and annual membership dues, a member gets access to a roster of luxury vacation homes around the world, which can be booked based on availability and… …   Wikipedia

  • Fractional ownership — In business, fractional ownership is a percentage share of an expensive asset. Shares are sold to individual owners. A fractional owner enjoys priorities and privileges, such as reduced rates, priority access on holidays and income sharing.… …   Wikipedia

  • Fairmont Hotels and Resorts — Infobox Company name = Fairmont Hotels and Resorts type = Private (subsidiary of Fairmont Raffles Hotels International) genre = foundation = 1907cite web|url=http://www.fairmont.com/EN FA/AboutFairmont/OurHistory/ |title=Celebrating over a… …   Wikipedia

  • United States — a republic in the N Western Hemisphere comprising 48 conterminous states, the District of Columbia, and Alaska in North America, and Hawaii in the N Pacific. 267,954,767; conterminous United States, 3,022,387 sq. mi. (7,827,982 sq. km); with… …   Universalium

  • education — /ej oo kay sheuhn/, n. 1. the act or process of imparting or acquiring general knowledge, developing the powers of reasoning and judgment, and generally of preparing oneself or others intellectually for mature life. 2. the act or process of… …   Universalium

  • Pennsylvania State University — Infobox University name =The Pennsylvania State University motto = We are Penn State! established =1855 type =Land Grant, state related calendar = semester endowment =US $1.59 billioncite web | title = All Institutions Listed by Fiscal Year 2007… …   Wikipedia

  • New College, Toronto — Motto Juncta juvant Motto in English Strength in unity Established 1962 …   Wikipedia

  • Bristol — This article is about the British city. For other uses, see Bristol (disambiguation). Bristol   Unitary, Ci …   Wikipedia

  • Fairfield University — infobox University name = motto = Per Fidem ad Plenam Veritatem (Latin) mottoeng = Through Faith to the Fullness of Truth established = 1942 type = Private, Coeducational affiliation = Roman Catholic, Jesuit endowment = $269 million… …   Wikipedia

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”