Q: What is fractional ownership?
Fractional ownership it was introduce as an advance opportunity of own a house for specific period of time, most of the international Chain hotels offer Fraction ownership, (Marriot Fraction ownership / Sheraton fraction ownership, Hilton fraction ownership)
A: Fractional ownership offers an alternative to traditional vacation home ownership. Owners purchase a “fraction” of a deeded residence that typically reflects actual usage, versus a wholly-owned residence that might only be used a small percentage of the year. For those in the market for a second home, fractional ownership can be a viable option due to reduced upfront capital and ownership without many of the traditional home ownership responsibilities.
Fractional ownership with “The Villas” Hua Hin Resort provides comfortable residences and “The Villas” Hua Hin Resort management expertise.
Owners and their families enjoy a multitude of year-round activities within the destination, and services including on-site staffing, housekeeping, property maintenance and repair services.
Q: Is fractional ownership what is traditionally understood as timeshare?
A: NO..While both concepts buy access to time, in practice, the customers’ lifestyle needs are quite different. Before “The Villas” Hua Hin Resort entered the industry we studied the timeshare business very closely. While the company recognized the potential, it found that industry practices often did not comply with “The Villas” Hua Hin Resort standards. With its vacation ownership products, “The Villas” Hua Hin Resort wanted to create something that people could customize with unprecedented value, choice and flexibility, so its owners could enjoy their holidays the way they wanted, when they wanted, and to a great extent, where they wanted.
With “The Villas” Hua Hin Resort introduction of fractional ownership in 2020, expanded benefits include true second home features and 5* hotel services. The value, moreover, lies in the economics and utilization of real estate ownership, rather than in pre-paid vacations. In short, “The Villas” Hua Hin offers a second home alternative that is as viable as it is desirable.
Q: How does “The Villas” Hua Hin Resort management and experience enhance fractional ownership properties?
A: Properties are managed by “The Villas” Hua Hin Resort, a company that is register under the Laws of Thailand and interval ownership industries. “The Villas” Hua Hin Resort is committed to each property from development to long-term management, while leveraging the company’s hospitality expertise and resources. Residences are designed and constructed so they can be easily maintained. Projects have capital reserves for projected maintenance and replacement costs.
What is the square footage for the fractional residences? What are the interior design elements??
Typically, the one-bedroom floor plans will start at 750 square feet. Penthouse with 1100 square Feet – 2 bedrooms at 1,250 square feet and 3 bedroom at 1700 square feet Interior and exterior elements The fractional residences will be fully-furnished including cookware, and flatware.
Q: What fractional benefits are exclusive to “The Villas” Hua Hin Resort?
A: Fractional benefits include:
- Stays as short as one night allow for quick getaways or longer respites.
- Owners can take advantage of last-minute, space-available privileges for additional nightly stays.
- Year-round access to property amenities provide for enjoyable daytime visits in select locations.
- Owners can rent their residences.
Q: Can Owners stay at “The Villas” Hua Hin Resort during periods other than their allocation?
A: Owners may request additional nights on a space-available basis. Reservations are subject to availability. The booking window for space-available usage varies by property and the length of stay may be limited.
Q: Can I sell my fractional interest?
A: Like any form of real estate, the Owner’s fractional interest can be sold, bequeathed or transferred by the Owner.
Q: How it works the legal Part of the ownership?
The sale documents are the same as you buy a house, the name of each share buyer is register officially in the Government as part owner of this specific weeks.
In Thailand foreigner can legally buy a house with 100% ownership. Is also legal to register many names as owners in one house.
Q: Can Buyers rent their weeks if cannot come to stay—
Yes. The Buyers can rent their weeks or give it to relatives or friends, without have to ask the resort, for the weeks they own.
Q: What happen if they cannot come or rent out their weeks? They have to pay the Annual fees?
If the Buyer cannot come or they don’t rent their weeks, the resort will refund the fees for their weeks. And the resort have the rights to use their property.
Q: Can the buyers Resale their weeks?
The buyer can sale or rent their weeks, personally. By give it to other Agents or to the resort to sale it.
Q: Do the resort Buy Back the weeks if the buyer want to upgrade ownership to a Villa
The resort offers a full pay back option, when the customer wants to Buy a full ownership, of a villa or Penthouse in the Project, Include a 100% Bonus of their first capital.
Q: What is the risks for the buyers if the resort when Background
We have built up the operation to eliminate any possible risks as possible:
‘The Villas Resort Hua Hin is a limited company legally register in 2020, the company structure is only services of the existing and completed Villas and facilities.
The Weeks belong legally to them is not membership. The resort can close or sold but the ownership cannot change is the buyers don’t sing in person at the land department.
- The Resort work as middle person, all home owners they pay their annual fees and utilities to the resort and the resort manage for them the Properties
- The resort don’t have any other activities and all the expenses are based on the incoming from the home owners,.
- There is already another 50 privet Villas already build and pay monthly fees, and much more under construction, with the same rules
- Is any benefits for Buyer they want to buy for investment?
Investors (with large network) or Travel agents, they can buy weeks in deferent seasons that they know they can rent their property to others, or use companies like AirBNB.
Example: A Buyer can buy a week in their Country high season
They have to pay to the project the fees, about 155 ¥ or 20 € per day for two persons, they can rent it (if they use resort prices as per today) 652 ¥ or 85 € per day for two persons = 400% profit.