One of the best examples of fractional ownership of Breckenridge Colorado real estate in Summit County is the new Grand Lodge on Peak 7. Fractional ownership of Breckenridge real estate in Grand Lodge on Peak 7 distinguishes itself from timeshare ownership because it provides a deeded piece of Summit County real estate to the buyer.
The luxurious Grand Lodge on Peak 7 features state-of-the-art residences in the Colorado Rocky Mountains for a “fraction” of the price of whole ownership. Buying Breckenridge homes through fractional ownership allows owners to afford top-of-the-line vacations with completely custom designed and furnished residences along with unmatched resort-style amenities. Fractional ownership allows owners to purchase the time and spaces that they will use versus paying for a whole ownership property that may only be used 2-3 weeks per year.
Fractional ownership is shared ownership of a property and its deed. The industry for fractional properties began in the 1990s, and a model taken from fractional ownership in the business jet industry. Fractional ownership relieves the owner of the burden of repairs and maintenance while providing upscale features–without having to purchase a whole unit. Timeshares provide the right to use a property but a fractional ownership includes an actual deed for that portion that is desired.
Fractional properties also provide many sizes and time frames to suit the buyer’s needs. For example, Grand Lodge on Peak 7 sells suites and one- to four-bedroom condominiums. All properties feature ski-in/ski-out accessibility, access to a spa and fitness area, indoor/outdoor aquatics facility, and numerous other luxurious amenities.
Grand Lodge participates in an exchange program with Interval International. This program allows owners to trade time with a similar level of luxury and service at other properties throughout the United States and around the world. Grand Lodge has the highest ranking with Interval International due to its ski-in/ski-out location at Peak 7 in Breckenridge, an advantage passed on to owners. Owners are able to trade into other fractional resorts in the best locations on golf courses, ski slopes, and oceanfronts.
In addition, most luxury fractional developments offer services and concierge assistance similar to hotel resorts. At Grand Lodge on Peak 7, the Activities Department helps vacationers plan fun activities. Owners also receive discounts such as a golfing discount at Breckenridge Golf Club, Keystone Ranch Golf Course, and Three Peaks at the Raven in Silverthorne. There are also discounts for adventures such as horseback riding, rafting, and snowmobiling. The Activities Department hosts events at the resorts such as Kids Night.
For information about buying real estate in our mountain villages, call Barrie Stimson, Breckenridge Realtor® at (970) 390-2560.