Most jet-setters are well-versed in fractional ownership, many most likely participate. For anyone reading this who hasn’t a clue, fractional ownership is when well, you buy a piece of the pie be it a condo, home, big bucks bling or designer bag (it’s been done) or even an airplane. It’s not new, but after a bang-up head-start a dozen or years ago that more or less whimpered, there seems to be a renaissance in fractional.
Fractional ownership began as the way for young up and comers to be able to invest in property or assets without plunking down lots of cash or holding big mortgages. It's always an alternative to owning a second residence, even though you just buy a share and can only use it for a certain amount of time a year depending on your investment.
Even your Global Jet-setter Examiner has been looking into buying a share in a condo in Maui or possibly Palm Springs. In fact the two we were interested sold out in a flash. Which brings us to the posh Private Residence Club at Calistoga Ranch and Auburge which today announced that the “last remaining fractional interest closed on Feb. 27, 2013.”
Recently named again to "Conde Nast Traveler's" coveted Gold List and "Travel + Leisure's" Top 500 Hotels in the World," Calistoga Ranch, an Auberge Resort were developed by Olympus Real Estate Partners. "We are proud to have enjoyed a pace of sales that has been consistently strong at Calistoga Ranch since opening," said Joshua Dempsey, Director of Sales at The Residences at Calistoga Ranch. "Our buyers have sought a quality residence that offers not just ownership in Napa Valley, but also a lifestyle connected to the people, the land and the culture that make Napa Valley so alluring and thoroughly rewarding."
Life at the Private Residence Club at Calistoga Ranch is cushy with lavish, 2,500 square-foot, two-bedroom accommodations and services and amenities of an award-winning resort. "The limitations on development in Wine Country, coupled with high prices for a hotel room in the region, have made buying into Calistoga Ranch a very appealing option for those who love Napa Valley," said David Deniger, chairman of Olympus Real Estate Partners, developer of Calistoga Ranch. "The resort and residences are completely debt-free, providing enormous comfort to our owners. That, coupled with management by Auberge Resorts, visionary architecture and a majestic setting made private residence club ownership at Calistoga Ranch an extremely attractive offering."
Calistoga Ranch is situated in a private canyon on 157 wooded acres with a private lakefront restaurant, swimming pool, fitness center, private-label vineyard, miles of hiking trails, a wine cave and the thermal spring-fed Bathhouse spa. The resort's innovative design, combined with its rich program of events and activities, distinguishes it from other real estate ownership opportunities.
For more information about The Residences at Calistoga Ranch, call 800-411-1003 or visit www.calistogaranchliving.com.
About Calistoga Ranch
Consistently named among the top resorts in world, Calistoga Ranch is located in a private canyon on 157 acres in the heart of the Napa Valley. Consisting of both Hotel and Residential lodges all managed by Auberge Resorts, the property features an award-winning spa, lake-side restaurant, on-site vineyard and wine cave, miles of hiking trails and an organic garden tended by resident bees. For more information about Calistoga Ranch, please visit www.calistogaranch.com or www.calistogaranchliving.com.
About Olympus Real Estate Partners
Olympus Real Estate Partners is the developer of Calistoga Ranch and is a leading private investment firm, with more than $5 billion in U.S. real estate holdings since its inception in 1994. Investments have included hotels, golf courses, commercial and residential developments including The Preserve in Carmel, California and the Roaring Fork Club in Colorado. Olympus Real Estate Partners has made investments on behalf some of the largest U.S. public and private pension funds, as well as endowments, foundations, corporations and financial institutions.
About Auberge Resorts
Auberge Resorts is a collection of exceptional hotels, resorts and private clubs, each with a unique personality that assures a memorable guest experience. Among the Auberge collection are Auberge du Soleil, Napa Valley, Calif.; Calistoga Ranch, Napa Valley, Calif.; Solage Calistoga, Napa Valley, Calif.; Esperanza,Cabo San Lucas, Mexico; The Inn at Palmetto Bluff, Bluffton, S.C.; Hotel Jerome, Aspen, Colo.; Pronghorn Golf Club & Resort, Bend, Ore.; Auberge Residences at Element 52, Telluride, Colo.; and the Malliouhana Hotel & Spa on the Island of Anguilla, British West Indies, with several others currently in development.