Fractional ownership launched in US Virgin Islands
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, rather than specific weeks.
“The fractional ownership programme is extremely flexible in that we have divided time into St. John seasons,” said Grande Bay’s John Alvarado. “For example, the winter season runs from January through April, and if you purchase this season, every year you can choose a different week that works for your schedule.”
Owners also have the option to have fractional ownership in 32-foot powerboat. Membership prices range from US$9,900 to $79,900, with annual fees ranging from $750 to $1800 – this includes include the cost of daily use of a Jeep, housekeeping, all utilities, cable TV, wireless internet service, insurance, vehicle operations and maintenance, interior maintenance and reserves.
The resort is affiliated to the Interval International exchange programme.
Grande Bay has also appointed a new general manager – Paul Helson comes from the Inn at Palmetto Bluff Resort in South Carolina and has also worked for Four Seasons, Ritz-Carlton and Rosewood Hotels & Resorts.