VIDEO from Medialink and Private Quarters Club: Private Quarters Club Makes Popular Fractional Ownership Within Reach of More Families

    NEW YORK, June 26 /PRNewswire/ -- Fractional real estate -- a type of
 deeded, shared home ownership -- is on the rise for buyers looking to
 purchase second homes. According to industry reports, fractional real
 estate sales rose to $1.65 billion in 2006 within the Caribbean, Canada and
 United States. The good news is that it is one real estate investment that
 so far has remained relatively unscathed by the broader real estate
 market's twists and turns.
     (See video from Private Quarters Club at:
 http://media.medialink.com/WebNR.aspx?story=33562)
     Fractional home ownership appeals to buyers who can purchase
 exceptional homes (perhaps even nicer than their primary residences) that
 they can use for a specific amount of time each year, and along with the
 home also have automatic access to a luxurious lifestyle that includes more
 than just maid and maintenance services but also an attentive concierge and
 membership to private country clubs with world class golf courses.
     A new company -- Private Quarters Club -- is taking this lifestyle,
 which until now had been reserved largely for the "rich and famous" -- and
 making it affordable and accessible to the middle market.
     Private Quarters Club, which has opened private residence clubs in
 Florida, Wisconsin and Missouri, has opened up the advantages of fractional
 ownership to a whole new market -- offering beautifully appointed second
 homes in some of the country's most exclusive golf communities, and
 automatic membership in world-class golf and country clubs, at prices
 within realistic reach of the mid-market.
     The numbers speak for themselves. For example, fractional ownership of
 private residence club villas often costs $350,000 or more, in addition to
 a whopping $25,000 in annual dues and an initial membership fee of $30,000-
 $50,000. The founders of Private Quarters Club realized that for the
 average consumer, this is simply unattainable and responded by building
 second homes with the private residence club lifestyle within reach for
 ordinary people at one-quarter the cost.
     Registered journalists can access video, audio, text, graphics and
 photos for free and unrestricted use at http://media.medialink.com.
     06NY07-0068
 
 

SOURCE Medialink and Private Quarters Club