Luxury Yacht Group specializes in the operational management of Fractionally
Owned yachts and has developed operating systems designed specifically for
multiple owners.
Why buy a fractional yacht?
-
Shared costs
-
Reduced operational stress
-
Shared experiences gained
Fractional ownership is a perfect option for somebody who is interested in
owning a yacht but can only commit three to six weeks per year for yachting
vacations, and would like to share the costs of yacht ownership.
In addition to the yacht’s purchase price, the annual maintenance expenses
of general repairs, cleaning processes, docking fees, fuel, and crew salaries
can add up quickly. Sharing these costs with other owners is an increasingly
popular method many people are using to enjoy the benefits of yacht ownership
efficiently.
Is fractional ownership better than chartering?
Financially, fractional ownership is far more economical than chartering
for larger vessels and for the client who enjoys frequent yacht vacations.
We do not recommend fractional ownership to charter clients who are happy
changing destinations, vessels, and crews regularly.
The charter market for yachts under 100’ is particularly competitive, and
chartering is less expensive than ownership in this segment. The freedom
that comes from chartering is a great value on those smaller vessels.
Why Luxury Yacht Group?
Luxury Yacht Group takes care of all operational and technical management
of the yacht and ensures that the planned maintenance is carried out in a
timely manner to make the yacht available for you exactly when you want use
of the vessel.
- Designated website with full calendar so that owners can request dates
up to a year in advance
- Monthly budgeting and reports to each owner
- In-house crew placement services ensure that the boat is properly crewed
at all times
- Repairs are scheduled in advance
- Full accounting services
Accounts are outlined for each owner, detailing all expenditures and in monthly
and quarterly reports. A separate report is issued for each individual owner
in regard to personal expenditures in provisioning for each specific trip
so that complete discretion is assured.
Successful experience in fractional ownership has helped LYG to anticipate
the common pitfalls that occur, and keep the yacht running smoothly for each
owner. We work closely with the captain and crew of the vessel to ensure
that each owner is completely satisfied with the quality of service that is
being provided.
Consideration for crew holidays and time for yacht repairs is scheduled with
consideration for peak ownership use periods. This preventative, planned maintenance
program helps to ensure that each owner enjoys a successful experience onboard.
LYG provides a constant contact for the vessel and all of the accounts so
that certifications, insurance, and crew payroll are maintained properly by
an independent party who acts in the collective best interest of the ownership,
vessel, and crew.
Please call for more details on the following programs or allow us to develop
a program specifically for you. Contact Rupert Connor
Email: rc@luxyachts.com
Office: 954.525.9959
Cell 954.205.0070
Active Vessel
| Vessel |
65’ Princess 2003 |
| Crew |
2 |
| Number of shares |
10 |
| Price per share |
$200,000 |
| Days of use per share |
21 |
| Monthly maintenance per share |
$2,000 |
| Winter ports |
Florida Keys, Bahamas |
| Summer ports |
Chesapeake Bay, New England |
Active Vessel
| Vessel |
85’ Azimut 2004 |
| Crew |
4 |
| Number of shares |
10 |
| Price per share |
$380,000 |
| Days of use per share |
21 |
| Monthly maintenance per share |
$3,750 |
| Winter ports |
Florida Keys, Bahamas, US and
British Virgin Islands |
| Summer ports |
Chesapeake Bay, New England |
| Notes |
View the yacht’s website – www.yacht-bellissima.com |
Ownership Group Forming
| Vessel |
115’ Benetti Classic 2001 |
| Crew |
6 |
| Number of shares |
5 |
| Price per share |
$2,000,000 |
| Time of use per share |
5 weeks |
| Monthly maintenance per share |
$17,000 |
| Winter ports |
St. Maarten base with cruises
throughout Eastern Caribbean |
| Summer ports |
Antibes base with cruises throughout
the Western Mediterranean |
Ownership Group Forming
| Vessel |
145’ Westship
2004 |
| Crew |
8 |
| Number of
shares |
3 |
| Price per
share |
$6,000,000 |
| Time of use
per share |
6 weeks |
| Monthly maintenance
per share |
$50,000 (without
reduction from charter income) |
| Winter ports |
St. Maarten
base with cruises throughout Eastern Caribbean |
| Summer
ports |
Antibes base
with cruises throughout the Western Mediterranean |
| Notes |
It is intended
to offer the vessel for charter during any “spare”
weeks to reduce maintenance costs. |
Yacht programs described are subject to availability and
contract agreements. The information is used as a guideline.
Details are subject to change without notice.
