Private Residence Clubs are a unique variation on the concept of timeshare resort ownership. Growing by leaps and bounds, private residence clubs rely on the concept of fractional ownership, They provide increased amenities and services, compared to traditional timeshares, but at an increased cost. If you love luxury, these clubs may be a good fit.
A Private Residence Club, or PRC, as they are commonly know as, is vacation real estate that is both owned and operated by members. There is usually an average of 5-10 owners per unit, and each person owns a fraction of a club residence, in addition to the common areas and the facilities. PRC’s differ from timeshare ownership in that timeshare owners usually have the rights to a specific week limited to a certain unit, although they may have exchange, or floating week privileges.
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Luxury Timeshares - The Growing Popularity Of Private Residence Clubs
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