News

Luxury travel club Inspirato has secured US$20 million financing from Institutional Venture Partners, a venture capitalist that has also backed Twitter, Zynga and HomeAway.com. The investment in the Denver-based company values the two-year old start-up at close to $200 million, according to a [ read more… ]

EllicottVillas, a private residence club in Ellicottville, New York State, has joined the Preferred Residences fractional exchange program.“We are delighted with the addition of this impressive year-round recreation destination to the Preferred Residences program,” said David Gilbert, [ read more… ]

  The Grand Lucayan Resort on Grand Bahama is set to add fractional ownership and timeshare to its hospitality mix. Chief marketing officer Thomas Anderson said: "Part of the resort is currently closed. One of the wings, called the Lighthouse Point, is going to be redeveloped in a more [ read more… ]

The Lubner Group has recently completed the total renovation and installation of new furnishings for five “Old Conch” styled buildings at the Coconut Beach Resort in Key West, Florida. Located on the Atlantic side of Key West, the vacation ownership resort features a pool, Jacuzzi, [ read more… ]

The Dubrovnik Sun Gardens resort in Croatia is the latest affiliate to The Registry Collection fractional exchange programme. Situated on the coast near the village of Orašac, Dubrovnik Sun Gardens is 20 minutes from Dubrovnik’s Old town and 45 minutes from Dubrovnik International [ read more… ]

Investment fund destination club The Hideaways Club has announced that tennis star Tomas Berdych has become the company’s latest ambassador, joining Tim Henman and F1 driver Nick Heidfeld in the role. Rated number six in the world rankings, [ read more… ]

The Celeste Beach Residences, Resort & Spa in Huatulco, Oaxaca, Mexico is now open for business. The resort, which features a private residence club, carries the first LaTour Signature Group private label, reserved for five-star properties that combine culinary, wine, wellness, [ read more… ]

Fractional ownership and timeshare operators in Australia are facing what they describe as an ''immediate and devastating'' threat, if they are forced to comply with new laws  banning commissions and other conflicts of interest in the financial advice industry. The industry says it should [ read more… ]

The Grande Bay resort on St John in the US Virgin islands has launched a fractional ownership programme. The resort has dedicated several units, including studio, one-, two- and three-bedroom villas, to the Grande Bay Residence Club, and is selling shares in seasons, [ read more… ]

A luxury resort development on Great Exuma in the Bahamas is planning to include fractional ownership units in a $40 million 23-unit condo expansion. February Point Resort Estates already includes 50 developed lots, amenities and two marinas. Managing director Randy Hart said: “Confidence [ read more… ]