
Most people can agree that owning real estate in the form of a house in the mountains or on an exotic beach is a great commodity. However, when purchasing a second home, there are many aspects that one has to take into consideration, such as foreign property taxes, maintenance, utility bills, alarms/security, mortgages, and the list goes one. Fractional properties (otherwise known as destinations clubs) is an alternative system of lodging that is a hybrid between owning a vacation home and an investment fund.
How does it work? Unlike Banyan Tree, Ritz-Carlton decided to dip a toe in the pool of fractional property by cautiously endorsing an outside fractional property club called Abercrombie and Kent (yes, it is indeed a club that runs a risk for its members). However, they clearly state that “these are...
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