One of the fastest growing sectors in the recreational property market is going to make a big splash on the shores of a Caribbean island.
Providenciales, Turks and Caicos (May 10, 2011) – A new ordinance that will permit selling fractional ownership in the Turks and Caicos Islands is likely to be passed this summer. However, The Alexandra Resort is already ahead of the game and is selling fractional ownership of one and two bedroom oceanview condominiums in six-week fractions.
Also known as shared ownership and vacation ownership, the six week fractions at this luxury Grace Bay resort start from $89,900
"We are accepting reservation agreements now, in anticipation that the ordinance will soon pass," says developer Washington Misick. "We expect demand for these affordably priced oceanfront units to be brisk, and we have a limited inventory of units available on a fractional ownership basis."
Misick has been the only developer in Turks and Caicos to offer a timeshare resort product, so he understands the concept of vacation ownership, and the type of services and amenities needed for a project to be successful. "Our management team understands how to serve the fractional ownership market. Whether our owners use, rent, or exchange the time they own at The Alexandra, we have the skills and experience to look after their individual needs."
Owners at The Alexandra may enjoy the benefits of membership with Interval International, the quality vacation exchange network. The Miami based exchanged company has resorts in over 75 countries worldwide.
Fractional ownership benefits at The Alexandra Resort include personal storage lockers, daily maid service, staging and concierge services, and participation in a professionally managed rental program. Owners have access to all resort facilities, which include a large free form swimming pool, tennis courts, fitness room, spa, and the popular Mango Reef Restaurant.