What is Fractional Ownership Real Estate?
Fractional ownership real estate combines the benefits of traditional full-time ownership with the affordability of timesharing and the services and amenities of vacationing at a luxury resort hotel. Typically located in international, national and regional resort destinations, fractionals are sold in interests usually ranging from one-quarter to onetwelfth shares. Fractional properties are positioned as an alternative to whole ownership where the average use of a second home can be as few as four to six weeks a year, according to resort market researcher Ragatz Associates. While PRR’s fractional ownership homes are designed to feel and live like a singlefamily home, they also provide exceptional hotel-style amenities such as spas and exercise facilities, and services like concierge, valet, and a full-time staff that handles all the maintenance of the property. While companies offering fractional corporate jet ownership popularized the concept in the early 1990s, fractional ownership i
