The Cruising Club Fractional Boat Ownership offers residual vessel equity in 10%, 20%, 50% and 100% packages, from a range of approved vessel manufacturers, from 33ft to 112ft in length, and at a number of locations internationally.
The Cruising Club Vessel Developer program provides those with the inclinational and financial ability to completely purchase a luxury cruiser of yacht, with the opportunity to incorporate their asset in accordance with The Cruising Club fractional system, and thus receive a 100% return of their vessel acquisition cost - plus the priority opportunity to develop a replacement or larger vessel - repaid to them from the sale of fractional equity in their fractional vessel syndicate. We also 'fractional' our Vessel Development business, for those with 50% of the money they need to acquire the boat of their dreams - or who have enough to buy a smaller vessel, but who would like to enjoy something larger for the same cost - by offering Vessel Co-Developer positions in some fractional locations.
The Cruising Club Fractional Equity Membership program offers 10% and 20% Fractional Equity positions in a range of vessels at various franchise or company operated locations.
A 10% equity holder is entitled to 27 days use of their selected boat, every year for the life of the vessel, plus unlimited standby access each year, and receives a pro-rata refund from the vessel resale at the end of its useful life. A monthly vessel maintenance and management fee is levied per vessel equity share, including a pro-rata share of vessel insurance, marina slip, cleaning, maintenance, bookings, accounting, QC etc, and fuel, consumables and standby booking fees are paid for as used by each individual member. A 20% equity holder is entitled to use 57 days each year on a similar basis.
2010 Fractional Boat Syndicate examples for the USA include the following vessels:
- Regal 4460 Sport Cruiser, Lake Travis, Austin, Texas
- Formula 40PC, Corpus Christi, Texas
- 52SC, Fort Lauderdale, Florida
- Sumerset 92' Houseboat, Lake Travis, Austin, Texas
- Lazzara LSX 75, Bimini Bay, The Bahamas (planned release 2010/2011)
Contact your local The Cruising Club corporate or franchise location for more information about the Fractional Vessel syndicate nearest you, or click here for more information.
Be sure to become a follower of our Facebook Fan Page where you will be the first to see new events, boats, members and locations as they hit the water. Keep your eye out for this couple of spectacular vessels that may be in the pipeline very soon.
