How does an Ultimate Resort luxury private home clubs membership compare to other private home clubs memberships and options such as timesharing, fractional ownership, whole ownership or luxury rental?
Ultimate’s private home club was carefully developed to be much more affordable than other luxury private home clubs (yet offering equal or superior benefits), while avoiding their shortcomings. “Whole ownership” of a second home is the most expensive and least flexible option and severely limits a family’s travel destination choices. The burdens and costs associated with second-home ownership include mortgage payments, taxes, insurance, maintenance and full responsibility for a property that will be used for only 30 days per year on average.
Timeshare and fractional ownership are ways of purchasing access to a fixed, single destination property for a week or several weeks of the year. Destination exchange agreements, if any, are typically very limiting. In order to maximize developer profit, both timeshare and fractional-ownership properties sell nearly all 52 weeks. Fractional ownership properties often have an owner-to-property ratio of 12 to 1, while timeshares are generally close to 50 to 1. These structures significantly restrict availability and convenience.
On the other hand, membership in Ultimate’s private home club:
- Provides residences that are typically more spacious and private than timeshare and fractional-ownership properties, without sacrificing the resort, concierge and housekeeping services offered by high-end fractional ownership (e.g., Ritz Carlton and Four Seasons Club). Each of Ultimate’s private home clubs property is richly furnished and maintained to high standards of luxury.
- Offers a much more cost-effective structure and is highly flexible regarding travel times and locations. Ultimate private home clubs ensures that every residence is stylishly decorated and thoroughly maintained, while offering personalized, high-end Ultimate Concierge Service.
- Allows our members virtually unlimited access to our entire portfolio of luxury private residences. This is done through an exclusive private home clubs structure that limits the number of members and maintains a low member-to-property ratio, thereby purposely under-booking each property in the portfolio.
Why not rent homes similar to Ultimate Resort properties?
Ultimate’s property portfolio of private home clubs consists of numerous private luxury homes with an average property value of $2 million or more.
Similar accommodations, available for rent, are either difficult to find or prohibitively expensive. Ultimate’s private home clubs members have virtually unlimited access to a wide range of private luxury homes that would otherwise be unobtainable, particularly in the upscale resort destinations where Ultimate Resort residences are located.