| Description | Interest | Typical Setting | Ownership Structure | Quality | |
|---|---|---|---|---|---|
| TIMESHARE | It is defined as a right, shared with other owners, to occupy a property for a period of time (usually seven days) on a regular basis. Often seen as an annual holiday solution enabling consumers to return to their home resort or travel worldwide via exchange. | 1 week | Resorts, condos or apartments | Right to use, non-deeded | Mid-scale to upscale |
| VACATION CLUB | A club comprising of multi-site destinations, popular amongst branded hotels and large developers. Membership is usually based on points system with the right to use the club’s services for a certain number of years. The member has the added benefit of doing an internal exchange with priority within their own club, as well as external exchange through a vacation exchange company. |
Min 1 week, depending on the structure of the club | Hotels | Right to use, non-deeded | Mid-scale to upscale |
| FRACTIONAL OWNERSHIP | Regarded as a form of real estate directed mainly at the second home or holiday home market. Provides the benefit of a second home ownership but at a fraction of the cost and without maintenance responsibilities. |
2 to 6 months | Mid-scale to upscale condo or villa | Deeded, fractional ownership | Upscale to luxury |
| PRIVATE RESIDENCE CLUB | Similar to Fractional Ownership except that: PRCs are more exclusive and luxurious; PRCs have a greater number of rooms and are more spacious; PRCs have an open reservation system whereby certain weeks are guaranteed (usually during high season) and the remaining weeks are subject to availability. |
2 to 6 months | Exclusively upscale luxury apartments or villa | Deeded, fractional ownership | Upscale to luxury |
| DESTINATION CLUB | Access to a portfolio of luxury homes in multiple locations. Characterized by the absence of any equity or ownership of the underlying real estate. |
10 to 60 days | Membership offering global access to a portfolio of luxury residence | Typically right to use, non-deeded | Upscale to luxury |
| CONDO HOTEL | Combination of a condominium and a hotel. It consists of a developer who sells hotel rooms to investors, which results in the complete fragmentation of the property’s ownership. | Whole ownership with a return on investment through a rental program. Personal usage: between 14 to 60 days | Varies from a hotel to a full service apartment | Deeded or right to use | Mid-scale to luxury |
| WHOLE OWNERSHIP | Directed at the second home market. Property is acquired by a sole owner. Usually part of a mixed-use project. | Whole ownership | Varies by product | Typically deeded | Upscale to luxury |
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