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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,by renting out weeks or months online on the many Online travel agents,such as Expedia group-Booking.com air BnB luxe TripAdvisor etc, 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 an asset that will not be used full-time by one owner.If owners use some time for their own vacations and some to rent out to receive income with the aim of paying off their original purchase then this becomes a win win for the buyer. 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 do ... [...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 is self-propagating in that the owner of any property will also own the economic benefits of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brick And Mortar
Brick and mortar (also bricks and mortar or B&M) refers to a physical presence of an organization or business 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 and 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 facilit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Models
A business model describes how an organization creates, delivers, and captures 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 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 purpose, business process, target customers, offerings, strategies, infrastructure, organizational structures, sourcing, trading practices, and operational processes and policies including culture. Context The literature has provided very diverse interpretations and definitions of a business model. A systematic review and analysis of manager responses to a survey defines business models ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fractional Renting
Fractional or weekday renting is renting on a part-time basis, typically renting a room in someone's home for the working week. Benefits The growth in popularity of weekday renting in the UK has arisen as individuals' work requirements draw them away from their homes, lengthening commuting distances and journey times. Busy people, tired of long distance commuting, look for somewhere to rent close to work so they can stay away during the working week and improve their work–life balance. Simultaneously, financial pressures on homeowner Owner-occupancy or home-ownership is a form of housing tenure in which a person, called the owner-occupier, owner-occupant, or home owner, owns the home in which they live. The home can be a house, such as a single-family house, an apartment, c ...s have led to a rise in the number of people offering rooms for working week renting. Taking a weekday lodger provides additional income but leaves the homeowner with a spare room for the weekend. W ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fractional Financing
For real estate ownership, fractional financing takes two forms: traditional timeshare A timeshare (sometimes called vacation ownership) is a property with a divided form of ownership or use rights. These properties are typically resort condominium units, in which multiple parties hold rights to use the property, and each owne ... ownership and larger share fractional ownership. Fractional mortgages 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 and is typically in shares of 1/2, 1/4, 1/6, 1/8, 1/10, 1/12, 1/20. Fractional financing is more difficult for most lenders since there is a small market for these loans, and no established secondary market for vacation finance mortgages of these types. Several companies make loans for fractional homes, yachts, planes and other properties. References Mortgage [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Timeshare
A timeshare (sometimes called vacation ownership) is a property with a divided form of ownership or use rights. These properties are typically resort condominium units, in which multiple 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. 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 for one of the four seasons. They rotated seasons each year, so each family enjoyed the prime seasons equally. This concept w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Destination Club
The concept of a destination club was introduced in 1998, when Rob McGrath, a veteran of the luxury timeshare 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. Inspirato with American Express is the world's largest destination club. By joining a destination club, a member gains access to a collection of vacation homes in various locations around the world in exchange for a one-time membership fee and annual membership dues. Consistent with other vacation options, inventory can be booked based on availability. Some clubs allow members to purchase different membership-types which offer different levels of reservation priority, personalized services and resort amenities such as beach clubs, luxury spas and private chefs. What is included Benefits and access privileges vary by club. Here ... [...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 at prices that 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 a helicopter. History At the beginning of the 20th century, when wealthy individuals constructed large private yachts for personal pleasure, some manufacturers, such as Cox & King and Charles L. Se ... [...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 which is legally a condominium but which is 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 which 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 h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Destination Club
The concept of a destination club was introduced in 1998, when Rob McGrath, a veteran of the luxury timeshare 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. Inspirato with American Express is the world's largest destination club. By joining a destination club, a member gains access to a collection of vacation homes in various locations around the world in exchange for a one-time membership fee and annual membership dues. Consistent with other vacation options, inventory can be booked based on availability. Some clubs allow members to purchase different membership-types which offer different levels of reservation priority, personalized services and resort amenities such as beach clubs, luxury spas and private chefs. What is included Benefits and access privileges vary by club. Here ... [...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, competitors, and other 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 reposition the brand/company, occasionally to distance itself from negative connotations of the previous branding, or to move the brand 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 development. The process can occur through a change in marketing strategy or in various other situations such as Chapter 11 corporate restructuring, union busting, or bankruptcy. Rebranding can also refer to a change in a com ... [...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 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 the Trench, or in the northeastern foothills of the Brooks Range/ British Mountains that face the Beaufort Sea coasts between the Canning River and the Firth River across the Alaska-Yukon border. Its southernmost point is near the Albuquerque area adjacent to the Rio Grande rift and north of the Sandia–Manzano Mountain Range. Being the easternmost portion of the North American Cordillera, the Rockies are distinct from the tectonically younger Cascade Range and Sierra Nevada, which both lie farther to its we ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
