Shared Holiday Ownership Product Spectrum Overview
Sol Melia Vacation Club at Gran Melia Salinas, Lanzarote
Holiday Ownership (timeshare)
Fractional
Interest Size
1 week interest
1/20 to 1/4 interest
Qualitative Description
Condo or apartment
Mid to upscale condominium or villa
Consumer Benefit
Annual holiday solution enabling consumer to return to home resort or travel worldwide via exchange
Benefits of second home ownership but at a fraction of the cost and without maintenance responsibilities
Ownership Structure
Deeded, equity based or right to use
Deeded, equity based or right to use
Quality of Service
Standard resort level service with mid-week clean and a la carte services
Standard resort level service with mid-week clean and a la carte services
Annual Maintenance*
Varies
1.5% to 2% of purchase price
10
Sources: Ragatz, Northcourse and ARDA
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