Owners of luxury fractional property buy a share of a single residence, that provides them with a couple of weeks to thirteen weeks of usage a year. The ownership period varies by development and can be expressed as a fraction (eg 1/10, 1/8, or ¼) or as a number of weeks (eg 5, 6 or 12 weeks).
Private Residence Clubs are the upper tier of the luxury fractional market, providing all the services of a five star hotel together with the ownership.
There are hundreds of fractional and Private Residence Club developments located in city, beach, mountain and resort destinations. Use our home directory to search through these locations.
They are sometimes compared to timeshares, although there are several key differences. For instance luxury fractionals are in better locations, are more luxurious and typically larger, providing 2, 3 or 4+ bedrooms.
This article covers the reasons people buy fractionals and PRCs, and if you're looking to buy read the list of questions to ask before buying your fractional. For easy reference there is a glossary of terms.
The latest news and research on luxury fractionals and Private Residence Clubs is available below.
What are Private Residence Clubs?
When we go on vacation, we often feel at our most relaxed if the environment we're in seems like a 'home away from home'. But it's also nice to experience the luxury of a first class hotel. A private residence club offers a combination of both of these things. Located in all the prime vacation settings (beachfront, mountain, leisure resort, vibrant metropolis), private residence clubs offer luxury apartments and freestanding houses. Each property is furnished to the same high quality as a first class hotel.
Destination Clubs and Private Residence Clubs have a lot in common. The terminology can be confusing and the lines between these two are getting increasingly blurry. In many cases the terms are used interchangeably so you'll find some companies that might fit closer to a Destination Club (definition), but which refer to themselves as Private Residence Clubs (definition).
The chart below lists several Private Residence Clubs. Some of these Clubs have just one location while others offer their members the ability to use other properties than the one that they own. The clubs have destinations throughout the world, so there is pretty well a location for everyone.