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Fractional Ownership
Flexible and Affordable Fractional Ownership
Suite Satisfraction Leisure has launched a Fractional model that addresses the 3 main reasons why many South African investors have not bought in to the worlds fastest growing property sector up to now. Greig Fitzell of Suite Satisfraction states that despite the current inflexible model being promoted in South Africa, Fractional ownership has still experienced phenomenal growth in the last few years. South Africans are starting to understand and see the benefits of Fractional ownership as a prudent way of investing in leisure property. However, most local promoters are residential specialists and do not understand the needs of the leisure market! Greig believes that Suite Satisfraction’s unique model will effectively double the size of the potential market here, and make Fractional ownership the fastest growing sector in the property market in S.A. in the next few years.
The 3 negatives of current offerings are:
1) The rotational usage system does not allow investors to choose when they want to take their holidays. Their right of usage is determined by a fixed rotating calendar. This is especially problematic for families with school going children, who have to take their holidays during the school holiday periods, and business owners who take their annual leave over Christmas and New Year as this is when they close shop. Many investors who understand the financial benefits of fractional ownership of a holiday home, are not prepared to invest a few hundred thousand Rand, when they are only guaranteed their Christmas or New Year holiday every 13 years!
2) Many potential investors have previously owned outright holiday homes, and know that after 2 or 3 years of holidays in the same place boredom can set in! Thoughts of “a change is as good as a holiday” start creeping into family conversation.
3) Most fractional schemes offer 13 shares of 4 weeks use per year.The average South African takes 17 days holiday a year! It is all very well telling investors they can rent out their unused time, but this does not come with any guarantees.
Suite Satisfraction has addressed these 3 areas with their innovative model termed ‘Flexible Fractional ownership.’
Investors are not dictated to as to when they can take their annual holidays, they can choose when suits them best! The calendar has 10 Peak weeks – which fall into the school holidays, and include Easter, Christmas and New Year. If an investor needs peak season, he purchases the exact weeks he needs! These are his guaranteed weeks each year. The other 42 weeks are called flexiweeks. With the flexiweeks, investors have 42 weeks to choose from each year (excluding the 10 peaks) on a book and go basis.
All investors are given automatic free membership with dae (dial an exchange) an International vacation exchange program. This allows investors to exchange all or part of their annual usage right into any of the hundreds of dae affiliated resorts worldwide.( a nominal exchange fee is charged.)
Finally, Suite Satisfraction offers shares from 1 week usage per year. This means that investors are buying at a quarter of the price! Investors no longer have to purchase more time than they need. (An investor is welcome to purchase more than 1 share.) In the current economic climate, with high interest rates and rising inflation, the lower entry level makes this Fractional model accessible to a much larger market, and hence Suite Satisfraction is still selling shares.
In a nutshell – Suite Satisfraction enables you to purchase affordable and flexible fractional ownership in a luxury leisure resort, with the added bonus of your key to hundreds of worldwide holiday destinations!
Suite Satisfraction has just launched an exciting investment opportunity at the 4* Misty Valley Lodge in the ‘Trout Triangle’ just above Waterval Boven , where investors can purchase Fractional ownership from R20 000, or a hotel suite investment for R760 000.
Misty Valley Lodge received a prestigious Gold award from Mpumalanga tourism this year! Another exciting offering is “The Executive Club” an exclusive Private Residence club with upmarket properties in Mozambique, Zanzibar, Mauritius, Vic.Falls, and Pemba island. Investors purchase debentures in the property portfolio in blocks of 10 days, and are entitled to use their time at any 1 of the properties. Prices start at R132 000.
Suite Satisfraction specializes in the structuring, marketing and sales of Fractional and Outright ownership of Leisure properties, as well as Hotel Suite Investments.
For more info contact Greig on 0837101681 or e-mail greig@suitesatisfraction.co.za
Or go to www.suitesatisfraction.co.za
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WIN!
