What is the difference between a timeshare and a fractional/private residence club?
Many people confuse fractional and private residence clubs with timeshares. In reality they have vast differences.
Fractional are far more exclusive and include many more luxury amenities and services than traditional timeshares. Private residence clubs tend to have more living space ranging from two to five bedrooms. This creates plenty of room for family, and friends to stay in a single residence creating unforgettable vacation experiences.
Timeshares are typically for one to two weeks per year. Fractional residences and private residence clubs offer from 3 to 13 weeks per year, and the weeks are generally not consecutive, but broken up through out the year into one, two and three week vacations.
Private residence clubs, and fractional residences although not new, but are become increasingly popular in exclusive destinations. The owners have been able to purchase their dream home in a luxurious destination, at a fraction of the cost. With typically 4 – 12 owners per residence, the cost of a multi-million dollar home or condo is significantly decreased with out the burden of up keep.
Five star resorts such as Ritz-Carlton Club, Four Seasons, and Starwood, blending their service and amenities with the second home feeling, have developed the new private residences clubs. The typical timeshare does not over hotel services and amenities and is seen as a yearly vacation option not a second home.