Fractional Ownership | Travel + Leisure
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Fractional Ownership

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This scenario involves buying a block of time—which can range from several weeks to several months—at a complex that's typically run by a hotel company such as Hyatt, Westin, or Marriott. Accommodations range from studios to five-bedroom units. Prices start as low as $20,000 and can top out at $1 million, depending on the location, club, size of unit, and time allotment. Buyers become "deeded owners" of the property, a distinction typically shared with 6 to 12 people.

HOT PROPERTIES: A BUYER'S GUIDE

Calistoga Ranch
The new vineyard retreat on 157 acres in the upper Napa Valley features a member-owned lodging club. Each two-bedroom residence has an outdoor living room as its centerpiece. Owners can store up to 1 1/2 cases of wine in a special cave and receive preferential treatment at all Auberge Resorts. FROM $425,000 FOR A 2-BEDROOM LODGE; 800/411-1003; www.calistogaranch.com

Four Seasons Residence Club Scottsdale
Set in the heart of the Sonoran Desert, this residence club features 44 two-bedroom adobe-style villas and 51 private houses on the grounds of the luxe Four Seasons resort and the Troon North golf complex. FROM $23,000 FOR A 2-BEDROOM VILLA; 480/515-5700; www.fourseasons.com

Hotel St-Barth Isle de France
Now there's a way to get a room on St. Bart's during the high season: the tony seaside resort is selling villas and cottages. Residents can use Isle de France's restaurant, its Molton Brown Spa, and of course that fabulous beach. FROM $250,000 FOR A 1-BEDROOM RESIDENCE; 800/627-6345; www.isle-de-france-residences.com

Pond Bay Club
A sister project to Hotel St-Barth Isle de France, Pond Bay consists of 50 exquisitely furnished three- and four-bedroom cottages and villas on highly desirable beachfront property on the island of St. John in the U.S.V.I. FROM $275,000 FOR A 3-BEDROOM HOUSE; 888/649-3155; www.foliocollection.com

Roaring Fork Club
Membership in Roaring Fork, a development inspired by the great camps of the Adirondacks, is by invite only. Located on the outskirts of Aspen in Basalt, Colorado, it has stylish log-cabin accommodations, great fishing, and a Jack Nicklaus-designed golf course. CALL FOR PRICES; 970/927-9000; www.roaringforkclub.net
—S.S.

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