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Timeshare
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Fractional/Private Residence Club
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Destination Clubs
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Details
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- Deeded or right-to-use
- Usually have an exchange program
- Purchase weekly increments + annual fee
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- Deeded investment
- Possible exchange program
- Purchase cost + annual dues
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- Club membership one time fee + annual dues
- Equity and non-equity memberships available, but no asset ownership
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Usage
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- Average stay 1-2 weeks
- Exchange/points -swap your time for corresponding value at another property
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- Average stay 2-4 weeks
- Larger units and more luxurious properties compared to timeshare.
- 5 star services and concierge
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- Usage varies between 1-9 weeks a year
- Choose from a portfolio of private residences valued between $500,000 and $8MM
- Superior services and personal concierge
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Price
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- Average $18,000 per interval wk or points equivalent
- Annual fee avg. $470
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- $61,000 to $650,000 per interest
- Annual dues avg. $5,600
- Possible usage fee (rare)
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- Members pay a one-time up front membership fee that can range from $20,000- $1.5MM, with an average of $255,000
- Annual dues between $1,500-$30,000 with an average of $15,000
- Usage fee
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For more information on vacation ownership, please visit the Timeshare 101, Fractional Ownership 101, and Destination Clubs 101 pages.
Source: ARDA 2006; NorthCourse Leisure Real Estate Solutions, October, 2006
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