EU Timeshare Ruling Applies to Fractionals

The Fractional and Shared Ownership Trade Association (FSOTA) believes that the new timeshare “directive” passed by the European Union will apply to most fractional developments. It will affect both fractionals located in EU countries and fractionals in other parts of the world being marketed to EU citizens.

The main provisions of the new Directive can be summarized as follows:
• Full disclosure in marketing and sales;
• A cooling off period of 14 calendar days (without cause or reason needing to be justified); and
• A prohibition from taking any monies, in whatever form, during this 14 day period.

See this article on the FSOTA.org website for more information.

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Tale of Two Fractionals: San Francisco vs San Diego

When you think about vacation, visions of lounging around on white sand beaches usually come to mind, rather than enjoying downtown musicals on Saturday night. But not everyone wants to escape from the city. Au contraire. Plenty of affluent travelers want to escape to the city.

San Francisco and San Diego

Fortunately for those who want their own California pied-à-terre, they can choose between two luxury fractionals in San Francisco and San Diego from The Élan Collection. These cities might “live” at opposite poles of the Golden State, but both offer their own version of the metropolitan high life: San Francisco, with its edgy cool, cultural eclecticism and classic city history; and San Diego, with its warmer temperatures and laid-back city-by-the-sea vibe. What’s your city style? It depends on Read the rest of this entry »

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Canadian Fractional Article “Livin’ the Good Life”

An article on ForeverYoungNews.com called “Livin’ the Good Life” is written from a fractional owner’s perspective. The author has been an owner at the Cottages at Point Stanton for 6 years. It gives a good overview of fractionals and a comprehensive list of current Canadian fractional opportunities.

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Firstlight Noosa in Australia Surpasses $100 Million in Pre-Sales

A new Australian fractional project has exceeded $106 million (AUS) in pre-sales in just four months. Firstlight Noosa is located in Noosa on the east coast of Australia, north of Brisbane in Queensland. It is the first beachfront development in Noosa in over a decade. Local papers describe a “frenzy” of interest in the project, despite the fact that the fractional ownership concept is still quite new in Australia.

Due for completion in 2012, Firstlight Noosa will occupy 100 metres of prime beachfront and feature 20 private residences with around-the-clock boutique hotel amenities and services. Three-bedroom residences are currently priced at $1.8 million (AUS), 4-bedrooms at $2.3 million (AUS), and whole ownership units are priced at $12 million (AUS). For more information, visit FirstlightNoosa.com.

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The Elan Collection Adds San Diego Penthouse

The Élan Collection, a collection of luxury fractional private residences, is commencing priority sales reservations for shared ownership opportunities in a contemporary 4,412 square-foot urban penthouse in downtown San Diego.

Envisioned as a modern pied-à-terre, the Harbor View West penthouse occupies the entire 37th floor of the Harbor Club’s elegant West tower, offering 360-degree wrap-around ocean views. Harbor View West features three bedrooms with en suite baths, a den with adjoining terrace, two offices and a master suite with a terrace for enjoying harbor sunsets. The penthouse was designed for cosmopolitan entertaining: a dramatic circular glass space combines the living room, large dining area and full wet bar. High-tech touches include a Lutron lighting system, motorized blinds, built-in sound system, whole house water filtration, whole house vacuum, as well as individual room controls for heat, air, sound and blinds—which all operate with the touch of a button. Read the rest of this entry »

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Fractional Golf Project in Vernon, British Columbia

The Predator Ridge golf and spa resort in Vernon, BC, Canada, has announced the start of sales on “The Tips”, 1/12 fractional townhouses. The 2-bedroom homes overlook the golf course and ownership includes full golf membership privileges and the use of a private golf cart. Vernon is located about 5-1/2 hours east of Vancouver in BC’s Okanagan Valley, famous for its mild climate and vineyards. Pricing starts at $58,900 (CAD). Visit the Predator Ridge website for more information.

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