Shared-Luxury-at-The-Crane-Resort

Shared Luxury at The Crane Resort

24.10.18

Barbados’ historic Crane Resort is unfolding a new chapter and for those seeking a slice of paradise, overseas property ownership has never been more attractive. Stephen Penn speaks to the team at The Crane to find out more

Barbados has long beckoned British property buyers with its enticing mix of sun, sea, sand and shared history. But in today’s world, owning a holiday home is no longer solely an indulgence for the wealthy.

There is a wave of new buyers who, while they still desire luxury, also expect affordable running costs and high rental return potential. And, having built its reputation over two decades on marrying spectacular oceanfront real estate, luxurious residences and world-class resort amenities with unprecedented value, The Crane Resort’s luxury shared ownership offering is well poised to ride the wave.

The Crane’s shared ownership enables buyers to match their financial outlay with actual property usage. It offers the flexibility of owning a share of time in an ultra-luxurious one, two or three bedroom residence, ranging from one week to several months. Ownership is turnkey, including everything from soft furnishings to corkscrews and with the Resort’s vertically integrated approach to design and construction, all cost savings are passed on to owners by way of low fixed prices and annual fees.

Owners of more than four weeks, or the equivalent in Crane Points, can also participate in The Crane’s attractive rental pool programme, which allows them to potentially cover annual fees and benefit from rental income for all unused weeks or points.

Shared ownership at The Crane also brings with it the added flexibility of Crane Vacation Club. Owners can choose to use their Crane Points for vacations at The Crane, its sister property, Beach Houses or even worldwide to direct exchange partners in destinations as close by as the United States or as far flung as Phuket, Thailand.

Ownership is a protected by a third-party trust structure administered by First National Trustee Company (FNTC). Through this structure, ownership can be willed, transferred, or sold at any time.

The Crane’s unique value proposition has also been reaffirmed by one of the world’s largest luxury timeshare companies, Hilton Grand Vacations Inc. (NYSE:HGV), which has just acquired shared ownership interests in the 131-year-old Barbados resort. The Crane is HGV’s first Caribbean affiliate resort.

Crane Points packages start at US$16,000 while fixed weeks range from US$26,795 – US$88,395 for a one bedroom ocean view residence. For more information on shared ownership, visit craneresorts.com or contact property@craneresorts.com.

Abode Affiliates

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