Fractional Ownership Offer

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Original Message:

Fractional Ownership Offer (by R P.):

victorp51 wrote:
Instead of the standard timeshare unit they proposed us a deal at their MonteCristo villas, this is what we were offered:

1. Purchase price for the program was approx $50k 2. No annual maintenance fees 3. UNLIMITED stays at the Montecristo villas or comparable (villa style) properties through an exchange program. I think that it was affiliated with an RCI type of exchange. Approx 200 properties accross the globe 4. Cost per week of stay at villas not to exceed $1,495 5. UNLIMITED bookings at 4 star hotels (suite type accommodations) for - $300 to $700 per week 6. Concierge service to book all of these stays

We plan on doing a lot of traveling over the next 10 or so years so this actually seemed like a good deal to us - dividing the initial cost among 4 couples and then using the rentals as best fit our individual travel plans, some times as a group sometimes alone

Does anyone have any experience with this program that they can share, i have searched the web and can find no reference to this setup, positive or negative

Thank Vitorjose

In order to exchange with an exchange company you have to own a week of timeshare (or points) to deposit .... it would seem to me, going by your post above, that you would own nothing to deposit ..... you would merely have a contract with a travel club of some sort.

Also, you have to consider your life situation in the future (ie: job situation, health, air fare, children etc.)

I would not lock myself into this type of travel club when there are hundreds of very nice resorts where you can rent from owners for less than $1495 (not counting the initial $50,000 cost). It would seem to me that you're paying that whopping amount in order to rent somewhere in the future for $1495 a week (does that really make sense when you think about it). Travel club salespeople and timeshare salespeople have a way of making you think their offer is the best thing in the world.

(P.S. I had not read Lance's last reply above before replying, however we're basically saying the same thing .... great minds think alike :o) !