Fractional Ownership News

The Élan Collection offers Ultimate Escapes members discount

Private residence club The Élan Collection has joined the raft of companies launching customized offers for members of destination club Ultimate Escapes, which recently filed for bankruptcy. It is giving Ultimate Escapes members a 15 per cent discount for shared interest ownership in all of their residences until November 30, 2010.

Ultimate Escapes members have also received offers from Demeure – which has taken over UE's assets, as well as Second Home Destinations, The Discovery Club, DUO, and Exclusive Resorts.

"The Élan Collection is a distinguished luxury Private Residence Club where world-class travellers can own a shared interest in an elegant residence in some of the most sought after destinations around the world and benefit from an exclusive internal private exchange network," the company told Destination Club News. "These luxury fractional residences have the amenities to make all your dreams come true and go beyond all expectations. Each Élan fractional home is a single property owned by the individual owners, or a unique partnership of the owners, if applicable. The individual owners carry an individual deed in their name, which is recorded in the property records and can be transferred, willed, gifted and/or re-sold. The individual fractional owners own the entire home in-perpetuity and that is its sole purpose - even if Élan should fall on hard times, the residence remains intact and in the possession of the owners. The flexibility of the single residence concept enables Élan to buy some of the most exclusive private properties with confidence, and create value for our owners in some of the most luxurious properties in the world. Usage is flexible and assures that our owners get equal opportunity to vacation when they want, and we have a comprehensive reciprocal trade opportunity with other Élan owners in its worldwide properties."

www.elanprc.com

14/11/10
 

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