Fractional ownership started to boom roughly 10 years ago in vacation spots that had expensive real estate. It was a way for vacationers to buy into an expensive private residence or club sometimes managed by famous hotels at a fraction of the price.
In Aspen, the names include the St. Regis, Ritz-Carlton, Grand Hyatt, and The Little Nell. The services that these fractional ownerships provide are often first class. Developers now build these units with first class materials and luxury in mind. No longer do buyers have to deal with maintenance and upkeep of a vacation rental when only using it a few weeks a year. Also unlike timeshares where you only stay in the unit you bought time in, owners are allowed to stay in similar units than the one they bought at the property, allowing for more flexibility and space availability.
The Timbers Club in Snowmass is the premier residence club in Snowmass offering ski-in, ski-out access and luxury 3 bedroom, 3 bath accommodations that are around 2,000 sq. ft. in size. The Timbers Club sold out quickly and now only has resales available. The fractional ownerships are sold in 1/8 shares and allow you to use 2 prime weeks in the winter and 2 prime weeks in the summer. Also, allow 1 other week in the winter and 1 other week in the summer after all owners have picked their prime weeks. Then there is more time available on space availability. The positive of The Timbers Club is that it does not allow owners to rent their units, so more space available time is available to owners. There is also less wear and tear on the units because only owners use them and tend to take better care. The Timbers offers hassle free ownership with all the luxuries of purchasing a multi-million dollar property at a fraction of the price.
Timbers Club Members enjoy the following exclusive amenities:
• Residential ownership at a private mountain club
• Magnificently appointed three-bedroom residences
• Ski-in/ski-out at Snowmass Ski Area
• Slope side ski lockers with ski valet services
• Permanent storage for ski and sports equipment, clothing and personal items
• Complete concierge services and bell staff
• Slope side Club Lodge and member’s lounge
• Game Room and Tykes Room
• Executive business center
• State-of-the-art fitness facility with complete strength and cardiovascular equipment, cardio theatre, locker rooms, spa treatment room, steam room and showers
• Slopeside outdoor heated swimming pool and jetted spa in a beautiful waterfall setting
• Complimentary point-to-point transportation
• Underground Parking
The Dancing Bear in Aspen was developed by an owner of the Timbers Club in Snowmass. Dancing Bear (separate development from the Timbers Club) is about 3 blocks from the Aspen Mountain Gondola and offers large luxury 3 bedroom, 3 ½ bath suites with the luxury amenities and services that are provided by the Timbers Club. These residences are sold in 1/8 shares and like the Timbers in Snowmass are not rented.
The Ritz Carlton at Aspen Highlands offers 2 bedroom and 3 bedroom suites, along with a 3 bedroom Penthouse that are fully equipped with luxury furnishings. This Ritz Carlton is located at the base of the Aspen Highlands ski area and is ski-in, ski-out. It is located just a few miles from the center of downtown Aspen. These residences are sold in typically 3 week blocks that float or can be fixed. Residences can be rented out and even traded to stay at other Ritz Carlton residences around the world.
Amenities include:
• Entertainment Center with TV/ VCR/ DVD and Stereo/CD player
• Double Master Suites with Walk-in Closets
• Washer/Dryer
• Gourmet Kitchens
• Stone Fireplaces
• High-speed Internet Access
• Premium Cookware
• Heated Bathroom Floors
• Formal Dining Area
• Multiple Line Telephones
• Individual Climate Control
Resort Amenities:
• Shuttle Services
• Concierge Service
• Spa and Fitness Center
• Ski Valet
• Twice Daily Housekeeping
• Heated Outdoor Swimming Pool with Deck and Whirlpool Spa
• Willow Creek Bistro
• Members’ Lounge
• Business Services
• The Ritz-Kid’s Program
• Underground Parking
The St. Regis Club in Aspen offers 25 two and three bedroom fractional 1/11 ownership shares (offering 4 weeks per year). The St. Regis Residence Club Resort offers 5 star accommodations in Aspen. The 2 and 3 bedroom suites are furnished with everything one needs, including: large flat screen TV’s in each room, housekeeping twice daily, concierge service, airport transports, heated exterior pool, and the new Remede Spa with over 20,000 square feet to soothe and relax.
Amenities include:
• Fully outfitted gourmet kitchens with a personal chef at your request
• Stone Fireplaces
• 30? Flat screen, LCD televisions
• DVD players
• In-room digital music, movies & game system
• High-speed wired and wireless internet
• Multiple cordless telephones
• BOSE CD/Clock Radio
• Personalized stocked refrigerator upon request
• Twice daily housekeeping, including nightly turndown
• Humidifiers
• Marble bathrooms with double vanities
• Luxurious bath amenities and linens
Hyatt Grand Aspen has taken Aspen Rentals to a new height in luxury and location. Less than a block to the Aspen Mountain Gondola, luxury and amenities did not escape these Aspen Rentals. Great Amenities and Services can be had at this newer Aspen Property. Luxuriously appointed Studio, One, Two, Three Bedroom condominiums. Fully equipped kitchens featuring premium appliances (all units except studios). Plasma and flat screened TVs throughout units. Multiple Fireplaces and balconies in all units but Studios. The positive about these fractional ownerships is that you can buy a fixed week and then have 10 float days that can be used or traded in other Hyatt properties.
Amenities include:
• Complimentary continental breakfast
• Fitness Center
• Junior Olympic size pool
• Bike & Sport equipment rental
• Outdoor fire pit area
Guest services:
• Concierge
• Maps and Directions, Parking & Transportation
• Hotel Shops
• Internet Services
• Dining and Entertainment
Local Attractions:
• Theatre Aspen
• Jazz Aspen Snowmass
• Aspen Art Museum
Residences at the Little Nell are located right at the base of the Aspen Mountain Gondola and offers the best in ski-in, ski-out access. There are 26 three and four bedroom residences that are the top in size 2,750 to 3,750 sq. ft. and luxury and hotel services that you come to expect from the first class Little Nell hotel management. These are being sold in 1/8 ownerships and offer two prime winter and summer weeks in addition to other space available times. Owners are allowed to rent out their prime weeks. In addition, there is the only luxury roof top pool in Aspen that is second to none. Also, New York’s best Italian restaurant Il Mulino is located on site. Feel free to contact me by email roget@aspen-snowmass-realestate.com or by phone (970) 319-9719.
Please contact me now for great opportunities in Aspen Real Estate and Snowmass Real Estate. Please also contact me now for more information on rentals in Aspen and Snowmass Village or see my website www.aspen-snowmass-realestate.com .
I CAN HELP YOU BUY, SELL, OR RENT PROPERTIES.
Roget Kuhn Owner/ Broker-Realtor
“An Honest Approach to Real Estate and Rentals”
Aspen Snowmass Real Estate
303 1/2 E. Main St.
Aspen, CO 81611
(970) 319-9719