The U.S. economy has been downright inhospitable to the hospitality industry. Not only have hotel sales plunged to a fraction of last year’s deals, but the sector has also been whiplashed by declining occupancy levels and room rates.
In 2008, the volume of hotel sales reached $10.7 billion for the year, but by the end [...]
Fractional ownership of real estate will become the ‘default’ way to buy leisure property over the next decade, and is set to see a surge in popularity, according to a panel of industry experts.
Speaking at a seminar on shared ownership property at the recent OPPLIve/Property Investor Show in London, Graeme Grant of fractional ownership consultants [...]
Catatoga, a 308-acre resort community near Lake Toxaway in North Carolina, has launched private equity residence club memberships.
The Residence Club at Catatoga offers one-eighth deeded interests in either a single-family residence on a private wooded home site or the Lake Lodge overlooking 22-acre Lake Catatoga. Both properties include full access to Catatoga Club’s extensive amenities [...]
Affluent leisure travelers interested in resort real estate strongly believe in the value of their vacations, as nearly nine in ten report that vacationing is important to their well-being and to the health of their personal relationships. They appreciate leisure travel experiences and activities such as spending time with family and friends, exploring unique and [...]
Read more →The Panama City area of Florida has been highlighted as an area for huge growth as a real estate destination, largely thanks to work starting on a new airport there.
CNNmoney.com has named it as the best place to buy real estate in the US, while Stephen Cochrane, chief regional economist for Moody’s Economy, has predicted [...]
Quintess, The Leading Residences of the World issued its mid-year update to members, highlighting that building on its financial strength, it now has more than 500 members and continues to grow, add homes, and be a pioneer in the destination club industry.
Despite the overall economic climate and some contraction in the destination club industry, Quintess, [...]
Turbulent economies mean turbulent times for consumers and the last 18 months or so hasn’t been any different. But with the uncertainty and in some instances the increasingly isolated social groups that we find ourselves in, it does make us all go back to basics and question what’s important to our family unit and society [...]
Read more →When Marriott launched London’s 47 Park Street under the Grand Residences brand in Mayfair in 2003, it was regarded Europe’s first urban fractional destination. Its highly flexible usage structure and well established operations remain unique within the UK’s fractional market today. Members are attracted to its versatility, sophistication and solid experience. It allows them to [...]
Read more →After fifteen years of project and municipal refinement, the mountain themed Mahalee Lodge and city center redevelopment project reached approval of the tentative map with the city of Markleeville, Tom Abdoo, project lead, announced today.
The project is situated on 38 acres of prime real estate in Markleeville; nestled amongst the natural mountain beauty of Alpine [...]
Dubai-based IFA Hotels & Resorts has posted year-end profits of US$108 million after diversifying its shared ownership offers. The company, which has interests in private residence clubs and a yacht ownership club achieved more than US$100 million of sales during the first six months of 2009.IFA’s offer includes both shared and fractional ownership products such [...]
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