INTRODUCTION
The reason for this report is to debate, evaluate and assess the difference between Private Residence Club and Timeshare Ownership. Articles will be used to obtain and develop different point of views, like the history backgrounds, pros and cons and costs in order to compare and distinguish the diverse perceptions for me to give my thoughts and reasons for this discussion.
FINDINGS & ANALYSIS
“We've heard one person use a car analogy to compare private residence clubs to timeshares. He described the private residence club as a Mercedes SL500 and a timeshare as a Dodge Neon. Both are cars and both will get you from A to B, but when you buy a Mercedes you get a large luxury vehicle with all the latest features and will receive impeccable service at the dealership. With the Dodge, the ride might not be as comfortable and it certainly won't have the bells and whistles that the Mercedes provides.” (www.sherpareport.com)
Private Residence Club
Private Residence Club is to own a vacation home, which offers a fully documented fractional ownership, without all the headaches of maintenance and preservation of a second home. One does not only need to worry about all the headaches, but also enjoy all the amenities and services of a five star hotel. (www.privateresidenceclubs.com) Owner members may hold a title deed so that if there is a rise in real estate values they stand to benefit. (absolutedevelopments.wordpress.com)
It all started in the early 1990’s, the first Private Residence Club was the Deer Valley Club in Deer Valley, Utah. Then in 1992 the second Private Residence Club was the Franz Klammer Lodge in Telluride, Collorado. In-between 1998 and 2000 the development of more Private Residence Clubs started to gr...
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Sue McNicol. (2011). Timeshare, Private Residence Clubs or Fractionals…which is right for you?. Available: http://absolutedevelopments.wordpress.com/2011/02/16/timeshare-private-residence-clubs-or-fractionals%E2%80%A6which-is-right-for-you/. Last accessed 27 March 2014.
The Pros & Cons of Timeshare Ownership | Home Guides | SF Gate. 2014.The Pros & Cons of Timeshare Ownership | Home Guides | SF Gate. [ONLINE] Available at: http://homeguides.sfgate.com/pros-cons-timeshare-ownership-7254.html. [Accessed 31 March 2014].
The Pros and Cons of Vacation Clubs - SmarterTravel.com. 2014. The Pros and Cons of Vacation Clubs - SmarterTravel.com. [ONLINE] Available at:http://www.smartertravel.com/travel-advice/the-pros-and-cons-of-vacation-clubs.html?id=2873078. [Accessed 31 March 2014].
Williams, F. W. (2009, December 4). What Are HOA Bylaws, and How Do They Affect You As a Home Owner? EzineArticles. Retrieved from http://ezinearticles.com/?What-Are-HOA-Bylaws,-and-How-Do-They-Affect-You-As-a-Home-Owner?&id=3356270
Brian purchased the finest penthouse that his money could buy. After all, “I deserve it”, he would boast to friends. Expensive white Italian silk suits, alligator shoes, and a red Lamborghini sports car with license plates that read “MONEY” were his trademark. His penthouse apartment held a sweeping vista of the city along with elegantly appointed rooms, marble entry, a swimming pool and a sauna. Art work from the masters and rare collections were an impressive site to visitors. Brian had all the latest toys and electronics gadgets a young man could desire. A staff of servants cooked, cleaned and pampered him where ever he desired.
When Young pays the mortgage, she added the degree of ownership of real estate on every purchases she made. Furthermore, she was able to make loans for the purchase of ownership in large amount and refinance at a favorable rate. Property owners will also be eligible to take a tax deduction. Out of the corner of the financial benefits, owning a condominium will offer Young creative control towards the condominium. It offers the ability to make physical changes when she feels there is an adjustment needed. Young should compare the benefits of owning a condominium with financial risk that will be taken against the current plans for
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This company provides accommodation facilities with hospitality for people who come from other areas but this is not a hotel service. This is called first unhotel hospitality product which enable guest to live like locally by experiencing luxury facilities. This concept has gone beyond the hotel service and it is called as vacation home. This great business concept was created in 2009 on the mind of Grey Marsh who is the CEO of this company. They are keeping their relationships with two parties to be success in their business and to make high profit in the market place. In here, they provide their service to typical high market home owners by giving the opportunity to let them out their home for people while the home is
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... be on the facilities and services offered by the hotel to accommodate such persons such as the meeting rooms, conference rooms, ball rooms etc. while on the other hand, when aiming at the persons for a pleasurable visit then the marketer would more likely emphasize on the fun and exciting facilities that would interest them such as sports bar, tennis courts, treatment facility etc.
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The island has on offer, activities and facilities which vary in budgets. Ranging from the exclusive high budget to reasonable family fun, the options are designed to curb the wants of all strata’s. Budget resorts and natural beauty are the most promising things for a family on a budget holiday.