Destination Club vs. Vacation Club Timeshare?
How does Ultimate Resort Luxury Destination Clubs membership compare to other options such as vacation club timeshare, fractional ownership real estate, whole ownership or luxury rental?
Ultimate Resort was carefully developed to be much more affordable than other luxury vacation travel options (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.
Vacation club timeshare and fractional ownership real estate 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 vacation club 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 vacation club timeshares are generally close to 50 to 1. These structures significantly restrict availability and convenience.
On the other hand, membership in Ultimate Resort vacation clubs:
- Provides residences that are typically more spacious and private than vacation club 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 Ultimate Resort 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 Resort ensures that every club 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 club 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?
The property portfolio of Ultimate Resort consists of numerous private luxury homes with an average property value of $2 million or more.
Such accommodations, available for rent, are either difficult to find or prohibitively expensive. Ultimate Resort 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.