Fractional Ownership
Over the last several years, the interest for sharing ownership of those assets to be used some of the time but not all the time has grown to unexpected levels - part ownership and use of jet aircraft, yachts, limousines, and now, luxury second homes in prime destination areas. Not to be confused with timeshare weekly vacation ownership of a condominium unit, luxury residential fractional ownership is being offered by companies like Ritz-Carlton, Starwood, Hyatt, Marriott and others.
At Key West Residences, seven owners will each purchase seven deeded weeks to own a multi-million dollar fully professionally furnished ocean townhome. Each owner will select a package of four consecutive weeks from one of the four seasons and one additional week in each of the remaining three seasons. The use and occupancy of these owned weeks can easily be exchanged with other owners through a private owner website and/or exchanged with over forty worldwide luxury resort properties through affiliation with www.Resort2Resort.com.
Included in the ownership and equally important are the available five-star concierge services making an owner’s stay at Key West Residences a first-class experience similar to the finest hotel/resorts in the world.
Most important for each owner is the absolute right to sell, gift or exchange all or part of the deeded weeks following purchase. Many believe that the never-ending real estate property appreciation in Key West could easily follow this fractional ownership.