Fractional Ownership News

SmartYacht promotes fractional ownership at Dusseldorf boat show

Liechtenstein-based fractional yacht operator SmartYacht is presenting its concept at a major boat show for the first time this month, when it exhibits at Boot 2010 in Dusseldorf.

SmartYacht offers 1/9th, 1/6th and 1/3rd shares in yachts of various types and sizes starting at about 50 feet, with or without crew. Placed in prestigious locations across the Mediterranean, co-owners can use their yachts – in contrast to traditional timeshare models – as much as they desire. The management organizes a fair allocation of usage and guarantees every co-owner the right of usage of at least six and up to 18 weeks per year (depending on the share).

Short-term as well as long-term reservations can conveniently be made online. Co-owners can also charter out their yacht on a temporary basis, allowing annual costs to be considerably reduced. “The SmartYacht concept integrated multi-yacht multi-location program offers co-owners additionally flexible access to other yachts in other locations and thus provides valuable savings in terms of fuel efficiency and maintenance outlay as well as air- and water pollution,” says the company.

Every co-owner hast the right to freely trade their share in the market, and to sell it. SmartYacht says it will seek and recommend potential buyers in this scenario.

www.smartyacht.net

11/01/10
 

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