| Private Residence Clubs are a unique variation on | | | | timeshare units tend to be a studio or a 1 |
| the concept of timeshare resort ownership. | | | | bedroom. An increased level of services are also |
| Growing by leaps and bounds, these clubs rely on | | | | found at private residence clubs. Most clubs have |
| the concept of fractional ownership, They provide | | | | a variety of concierge services, and offer perks |
| increased amenities and services, compared to | | | | such as year around storage areas, greens fee |
| traditional timeshares, but at an increased cost. If | | | | discount rates, free airport shuttle service, and |
| you love luxury, they may be a good fit. | | | | more. Similar to a hotel, PRC's provide a level of |
| A Private Residence Club, or PRC, as they are | | | | personalized service and amenities that are not |
| commonly know as, is vacation real estate that is | | | | found at the majority of timeshare resorts. |
| both owned and operated by members. There is | | | | The increased luxury also comes at an increased |
| usually an average of 5-10 owners per unit, and | | | | cost. Private residence clubs have yearly |
| each person owns a fraction of a club residence, | | | | maintenance fees that are often 8-10 times the |
| in addition to the common areas and the facilities. | | | | cost of the average timeshare yearly |
| PRC's differ from timeshare ownership in that | | | | maintenance fee. Most private residence clubs |
| timeshare owners usually have the rights to a | | | | have limited financing by the developer, as the |
| specific week limited to a certain unit, although | | | | majority of the purchasers will have access to |
| they may have exchange, or floating week | | | | other sources of financing and are able to make a |
| privileges. | | | | larger down payment than timeshare owners. |
| Like timeshares, clubs are located in vacation | | | | PRC's provide many of the amenities of a |
| areas in prestigious locations, with PRC's, the | | | | vacation home with hotel-like luxury service. |
| location may often be exclusive, which is a large | | | | Owners enjoy more spacious units in more |
| part of the appeal. Private residence clubs have a | | | | prestigious locations than the typical timeshare |
| certain cachet, and appeal to people who are | | | | owner. A private residence club may be a good |
| looking to have a large section of time in a luxury | | | | choice if you are looking to invest in a second |
| home, but do not want to deal with the upkeep | | | | vacation home, but want more amenities with |
| of owning a second vacation home on their own. | | | | less of a hassle. However, if you are looking for |
| PRC's and timeshares also differ with their facilities | | | | more of a bargain, you may want to stick with |
| as well. Larger units, such as 3 or 4 bedrooms, | | | | timeshares on the resale market, which tend to |
| are more typically found at clubs. Often, | | | | be much less expensive. |