Private Residence Club And Timeshare Ownership

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INTRODUCTION

The reason for this report is to debate, evaluate and assess the difference between Private Residence Club and Timeshare Ownership. Articles will be used to obtain and develop different point of views, like the history backgrounds, pros and cons and costs in order to compare and distinguish the diverse perceptions for me to give my thoughts and reasons for this discussion.

FINDINGS & ANALYSIS

“We've heard one person use a car analogy to compare private residence clubs to timeshares. He described the private residence club as a Mercedes SL500 and a timeshare as a Dodge Neon. Both are cars and both will get you from A to B, but when you buy a Mercedes you get a large luxury vehicle with all the latest features and will receive impeccable service at the dealership. With the Dodge, the ride might not be as comfortable and it certainly won't have the bells and whistles that the Mercedes provides.” (www.sherpareport.com)

Private Residence Club

Private Residence Club is to own a vacation home, which offers a fully documented fractional ownership, without all the headaches of maintenance and preservation of a second home. One does not only need to worry about all the headaches, but also enjoy all the amenities and services of a five star hotel. (www.privateresidenceclubs.com) Owner members may hold a title deed so that if there is a rise in real estate values they stand to benefit. (absolutedevelopments.wordpress.com)

It all started in the early 1990’s, the first Private Residence Club was the Deer Valley Club in Deer Valley, Utah. Then in 1992 the second Private Residence Club was the Franz Klammer Lodge in Telluride, Collorado. In-between 1998 and 2000 the development of more Private Residence Clubs started to gr...

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...cleinsider.com/travel/timeshares/private-residence-club. [Accessed 31 March 2014].

Sue McNicol. (2011). Timeshare, Private Residence Clubs or Fractionals…which is right for you?. Available: http://absolutedevelopments.wordpress.com/2011/02/16/timeshare-private-residence-clubs-or-fractionals%E2%80%A6which-is-right-for-you/. Last accessed 27 March 2014.

The Pros & Cons of Timeshare Ownership | Home Guides | SF Gate. 2014.The Pros & Cons of Timeshare Ownership | Home Guides | SF Gate. [ONLINE] Available at: http://homeguides.sfgate.com/pros-cons-timeshare-ownership-7254.html. [Accessed 31 March 2014].

The Pros and Cons of Vacation Clubs - SmarterTravel.com. 2014. The Pros and Cons of Vacation Clubs - SmarterTravel.com. [ONLINE] Available at:http://www.smartertravel.com/travel-advice/the-pros-and-cons-of-vacation-clubs.html?id=2873078. [Accessed 31 March 2014].

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