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[300] [231] The residences consist of 24 full-ownership condos and 22 fractional-ownership timeshare condos, a part of "The Residence Club". [231] Memberships for the fractional-ownership condos are sold in 28-day increments; members are only required to use their condo for seven days, and the condo could be rented out for the remaining time. [301]
The St. Regis brand was launched in 1998, [5] when Starwood rebranded a former Ritz-Carlton property it had bought in Aspen, Colorado as The St. Regis Aspen. [6] In 1999, Starwood rebranded the Carlton Hotel in Washington, D.C. [ 7 ] and two more former Ritz-Carlton properties in Houston [ 8 ] and Philadelphia [ 9 ] as St. Regis hotels.
The St. Regis was a Sheraton from 1966 on, and following a lavish restoration from 1985 to 1991, it was part of the ITT Sheraton Luxury division before it became the cornerstone and flagship of Starwood's new brand. The brand is represented on four continents, with a total pipeline of 57 operating and signed hotels as of April 2016.
Many of us have dreamed of owning a vacation home, but few of us can afford the investment. A study by Statista shows that only 6.02% of individuals between the ages of 30-49 own a second home, and...
That makes fractional real estate ownership — or buying a percentage of a property — an attractive alternative to owning it outright. The cost of the property is split between multiple ...
Fractional ownership companies like Pacaso and Colorado-based Lifestyle Asset Group buy expensive homes in resort destinations, like the Cape and Islands, sunny Los Cabos, or top ski destination ...
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.
The New York Times reports that fractional ownership of real estate -- which the newspaper calls a "step up from timeshares -- is gaining popularity among home owners desperate for cash. You get ...