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Fractional Ownership
Fractional ownership is a method in which several unrelated parties can share in, and mitigate the risk of, ownership of a high-value tangible asset, usually a jet, yacht or piece of resort real estate. It can be done for strictly monetary reasons, but typically there is some amount of personal access involved. One of the main motivators for a fractional purchase is the ability to share the costs of maintaining an asset that will not be used full-time by one owner. Every fractional endeavour requires some sort of management, to administer the rules and regulations (which are agreed upon before the fraction is purchased) and maintain the asset to the degree laid out in the ownership documents. Generally, management will oversee the daily operation of more than one property, although it is not necessary. A single fractional asset may be managed by a single entity. Each owner is guaranteed a prescribed amount of access to the asset, which typically can be used or offered to the publi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ownership
Ownership is the state or fact of legal possession and control over property, which may be any asset, tangible or intangible. Ownership can involve multiple rights, collectively referred to as '' title'', which may be separated and held by different parties. The process and mechanics of ownership are fairly complex: one can gain, transfer, and lose ownership of property in a number of ways. To acquire property one can purchase it with money, trade it for other property, win it in a bet, receive it as a gift, inherit it, find it, receive it as damages, earn it by doing work or performing services, make it, or homestead it. One can transfer or lose ownership of property by selling it for money, exchanging it for other property, giving it as a gift, misplacing it, or having it stripped from one's ownership through legal means such as eviction, foreclosure, seizure, or taking. Ownership implies that the owner of a property also owns any economic benefits or deficits ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brick And Mortar
Brick and mortar (or B&M) is an organization or business with a physical presence in a building or other structure. The term ''brick-and-mortar business'' is often used to refer to a company that possesses or leases retail shops, factory production facilities, or warehouses for its operations. More specifically, in the jargon of e-commerce businesses in the 2000s, brick-and-mortar businesses are companies that have a physical presence (e.g., a retail shop in a building) and offer face-to-face customer experiences. This term is usually used to contrast with a transitory business or an Internet-only presence, such as fully online shops, which have no physical presence for shoppers to visit, talk with staff in person, touch and handle products, or buy from the firm in person. However, such online businesses normally have non-public physical facilities from which they either run business operations (e.g., the company headquarters and back office facilities), and/or warehouses fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Models
A business model describes how a Company, business organization creates, delivers, and captures value creation, value,''Business Model Generation'', Alexander Osterwalder, Yves Pigneur, Alan Smith, and 470 practitioners from 45 countries, self-published, 2010 in economic, social, cultural or other contexts. The model describes the specific way in which the business conducts itself, spends, and earns money in a way that generates Profit (economics), profit. The process of business model construction and modification is also called ''business model innovation'' and forms a part of business strategy. In theory and practice, the term ''business model'' is used for a broad range of informal and formal descriptions to represent core aspects of an organization or business, including Mission statement, purpose, business process, target market, target customers, offerings, strategies, infrastructure, organizational structures, profit structures, sourcing, trading practices, and operational ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fractional Renting
A fraction is one or more equal parts of something. Fraction may also refer to: * Fraction (chemistry), a quantity of a substance collected by fractionation * Fraction (floating point number), an (ambiguous) term sometimes used to specify a part of a floating point number * Fraction (politics), a subgroup within a parliamentary party * Fraction (radiation therapy), one unit of treatment of the total radiation dose of radiation therapy that is split into multiple treatment sessions * Fraction (religion), the ceremonial act of breaking the bread during Christian Communion People with the surname * Matt Fraction, a comic book author See also * Algebraic fraction, an indicated division in which the divisor, or both dividend and divisor, are algebraic expressions ** Irrational fraction, a type of algebraic fraction * Faction (other) * ''Frazione'', a type of administrative division of an Italian ''commune'' * Free and Independent Fraction, a Romanian political party * Part (d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fractional Financing
Fractional financing is a real estate investment structure that allows funding for multiple investors to collectively own a single property. Each investor owns a fraction or percentage of the property and receives a proportional share of the income and expenses generated by the property. Fractional financing can take two forms: traditional timeshare ownership and larger share fractional ownership which is legally known as tenancy in common (TIC). Fractional mortgage A mortgage loan or simply mortgage (), in civil law (legal system), civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners t ...s for shares of 1/26 ownership or 2 weeks or fewer are considered timeshare financing, and is often provided initially by the project developers. Larger shares of ownership is generally considered fractional ownership or tenancy in common and are provided by specialist ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Timeshare
A timeshare (sometimes called a vacation ownership or vacation club) is a Real property, property with a divided form of ownership or use rights. These properties are typically resort Condominium (living space), condominium units, in which multiple Party (law), parties hold rights to use the property, and each owner of the same accommodation is allotted their period of time. Units may be sold as a partial ownership, lease, or "right to use", in which case the latter holds no claim to ownership of the property. The ownership of timeshare programs is varied, and has been changing over the decades. The timeshare market has been subject to criticism. History The term "timeshare" was coined in the United Kingdom in the early 1960s, expanding on a vacation system that became popular after World War II. Vacation home sharing, also known as holiday home sharing, involved four European families that would purchase a vacation cottage jointly, each having exclusive use of the property f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Destination Club
In the leisure industry, a destination club (also vacation club or travel club) is a form of timeshare system where members pay a membership deposit and annual dues to access the club's properties. The concept was introduced in 1998, when Rob McGrath, a veteran of the luxury time share development business, launched Private Retreats. Since then, more than 30 companies have launched clubs targeting affluent families that want the benefits of second home ownership, but with more flexibility and choice in where they vacation each year. The use of a portfolio of high-end homes in resort destinations is said to be preferred by its members over access to a single golf course alone as appears to be the case with country clubs. In 2014, T=the world's largest destination club still in operation was "Inspirato with American Express". Joining a destination club grants a member access to a collection of vacation homes in various locations around the world in exchange for a one-time membership ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Luxury Yacht
A superyacht or megayacht is a large and luxurious pleasure vessel. There are no official or agreed upon definitions for such yachts, but these terms are regularly used to describe professionally crewed motor or sailing yachts, ranging from to more than in length, and sometimes include yachts as small as . Superyachts are often available for charter with a staff that caters to guests at a high standard of comfort. They may be designed to emphasize comfort, speed, or expedition capability. Depending on the season, superyachts may be most frequently found in the Mediterranean or the Caribbean. Many are available for charter; prices may far exceed 100,000 per week. Larger examples may have more than one swimming pool; they may carry a variety of water toys, other boats, and some have helipads to receive guests from helicopters. Characterized as symbols "of great wealth and excessive consumption", superyachts have been controversial due to their adverse environmental impact. Acc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Condo Hotel
A condo hotel, also known as a condotel, hotel condo, or a contel, is a building that is legally a condominium but operated as a hotel, offering short-term rentals, and which maintains a front desk. Condo hotels are typically high-rise buildings developed and operated as luxury hotels, usually in major cities and resorts. These hotels have condominium units that allow someone to own a full-service vacation home. When they are not using this home, they can leverage the marketing and management done by the hotel chain to rent and manage the condo unit as it would any other hotel room. Legal conflicts The U.S. Government is very strict about the type of advertising that can be done vis-a-vis condo hotel projects. Some condo projects have advertised themselves as real estate investments, but since the value of these condos as a real estate investment is not entirely clear the U.S. Government currently disallows use of this reference when advertising condo hotels. Condo hotels ha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Destination Club
In the leisure industry, a destination club (also vacation club or travel club) is a form of timeshare system where members pay a membership deposit and annual dues to access the club's properties. The concept was introduced in 1998, when Rob McGrath, a veteran of the luxury time share development business, launched Private Retreats. Since then, more than 30 companies have launched clubs targeting affluent families that want the benefits of second home ownership, but with more flexibility and choice in where they vacation each year. The use of a portfolio of high-end homes in resort destinations is said to be preferred by its members over access to a single golf course alone as appears to be the case with country clubs. In 2014, T=the world's largest destination club still in operation was "Inspirato with American Express". Joining a destination club grants a member access to a collection of vacation homes in various locations around the world in exchange for a one-time membership ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rebranding
Rebranding is a marketing strategy in which a new name, term, symbol, design, concept or combination thereof is created for an established brand with the intention of developing a new, differentiated identity in the minds of consumers, investors, Competition (economics), competitors, and other Stakeholder (corporate), stakeholders. Often, this involves radical changes to a brand's logo, name, legal names, image, marketing strategy, and advertising themes. Such changes typically aim to positioning (marketing), reposition the brand/company, occasionally to distance itself from negative connotations of the previous branding, or to move the brand Luxury goods, upmarket; they may also communicate a new message a new board of directors wishes to communicate. Rebranding can be applied to new products, mature products, or even products still in new product development, development. The process can occur through a change in marketing strategy or in various other situations such as Chapter ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rocky Mountains
The Rocky Mountains, also known as the Rockies, are a major mountain range and the largest mountain system in North America. The Rocky Mountains stretch in great-circle distance, straight-line distance from the northernmost part of Western Canada, to New Mexico in the Southwestern United States. Depending on differing definitions between Canada and the U.S., its northern terminus is located either in northern British Columbia's Terminal Range south of the Liard River and east of Rocky Mountain Trench, the Trench, or in the northeastern foothills of the Brooks Range/British Mountains that face the Beaufort Sea coasts between the Canning River (Alaska), Canning River and the Firth River across the Alaska-Yukon border. Its southernmost point is near the Albuquerque metropolitan area, Albuquerque area adjacent to the Rio Grande rift and north of the Sandia–Manzano Mountains, Sandia–Manzano Mountain Range. Being the easternmost portion of the North American Cordillera, the Rockie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
