Five–Star Fractional Ownership with Unlimited Property Use – Oceânico Prestige Fractional

Fractional Ownership with unlimited use of a luxury villa and a range of exclusive lifestyle services – Oceânico Prestige Fractional will launch at Fractional Life Expo 2008

28/04/08

Property investors attracted by the growth of fractional ownership can now choose a new flexible solution, offering unlimited use of a prestigious villa and exclusive lifestyle services, from the award–winning Oceânico Group.

Launching at the Oceânico Group Fractional Life Expo 2008 in London (28 – 30 April), the new Oceânico Prestige Fractional combines eighth share ownership and unlimited use of a five–star Prestige property, subject to reservation policies, with access to exclusive services, ranging from a concierge service, to executive car transfers, golf course membership and use of a Sunseeker cruiser*.

Unlike traditional fractional ownership solutions that provide owners with set dates at a specified property, the new Prestige Fractional provides owners with a share of a freehold, high–specification villa and membership of the Oceânico Prestige Residence Club.
This allows owners to stay as often as they wish at their ‘Home Club’ or at a growing range of other Prestige Residence Clubs around the World.

Oceânico is the first company in Europe to launch the new flexible ‘Club’ approach to fractional ownership, which has been proven in the US where it has been operating since 1992.

Simon Burgess, director of the Oceânico Group, said: "The Oceânico Prestige range was designed to surpass traditional five star comfort, and we are now extending this to offer fractional investors the chance to enjoy a luxury lifestyle without the costs of outright ownership and with greater flexibility in their purchase."

"Many investors like the potential of owning a property or a share of a property, but don’t want to be tied to using it every time they go away. The beauty with Prestige Fractional is that you not only get the investment potential of a freehold five–star property, but an incredibly flexible solution that gives unlimited use of luxury homes in a growing range of locations."

Initially the new fractional ownership properties will be available at Oceânico’s Vilamoura Golf & Garden Resort in the Algarve; Royal Óbidos Spa & Golf Resort on the Silver Coast; and Little River Golf & Resort in North Carolina, USA – with all owners able to stay at any of the resorts.

The luxury four–bedroom villas available through Oceânico Prestige Fractional represent the highest possible standard in overseas property, with the option for owners to gain rental income from them, sell them and bequeath them, as with other investments.

Facilities in the luxury properties include fully equipped kitchens designed to the highest specification; bathrooms with whirlpools and steam showers; under–floor heating; and state of the art home intelligence systems with remotely controlled lights, heating, air conditioning and more.

Dave Hanna, one of the principals of Gravity Destination Properties, Inc. and one of the founders of the flexible Private Residence Club approach to fractional ownership, added: "Where traditional fractional ownership typically sets out clear and fixed dates when owners can use their property, Oceânico has developed a flexible solution that offers owners the opportunity to enjoy an incredible luxury lifestyle at the times they choose at a range of different resorts. Owners are provided with a combination of guaranteed pre–planned property use and unlimited space available use, based on reservation polices and availability. This "tried and true" use plan has proven to be very popular in the U.S. over the past 15 years, resulting in a satisfaction rating consistently over 90%".

Prices will start from €250,000 per eighth share at the Vilamoura Golf & Garden Resort in the Algarve; €175,000 per share at Royal Óbidos Spa & Golf Resort on the Silver Coast; and US$149,000 at Little River Golf & Resort.

The Deer Valley Club in Park City, Utah, was the first Private Residence Club to introduce the concept of luxury fractional real estate to the US. Commenting on the Club’s success its general manager Jeff Bennett said: "We have utilized this reservation system since we opened 16 years ago and I can't think of a better way of handling our owner’s reservation requests. The system has worked exceptionally well since we opened."

Oceânico Group is the market leader in luxury golf, beach and leisure resorts in Portugal, and owns seven championship golf courses in the Algarve. In 2007 it won Gold in the Homes Overseas awards for its Stepping Stones fractional ownership solution, recognised for the quality and service it offers to investors.

For full information visit www.oceanicogroup.com. *Services will vary by resort