FRACTIONAL OWNERSHIP: BUYING A PIECE OF ASPEN/SNOWMASS

ASPEN, Colorado

Falling in love with Aspen is easy to do. And today there is a popular real estate investment that lets you turn your passion for Aspen into a guaranteed vacation year after year. Fractional ownership of prime Aspen properties allows you to buy only a few weeks per year-at a price far lower than whole ownership of a home or condominium. Fractional ownership developments, sometimes known as private residence clubs, started to boom at resort areas around the country around 10 years ago. They are particularly popular in Colorado, where prices for vacation property in the most desirable resorts are extremely high. Rather than deal with the expense and upkeep of a home or condo that you use only a few weeks a year, you can now buy just the time you want-at a development far more luxurious than may otherwise be possible. Another appeal of fractional ownership is the fact that many of these developments are managed-and staffed-by famous names in the hotel business. In Aspen, this means choosing from, among others, projects bearing names including St. Regis, Ritz-Carlton, Hyatt, and The Little Nell. But no matter who is doing the developing, high-quality building materials and amenities, including upscale appliances, fixtures, and even linens, are typical appointments.

·         The Timbers Club, Snowmass

The Timbers Club is established as a member-owned Residence Club and offers a unique ownership program for its members. My program assures you a minimum of six weeks per year, including two weeks of prime winter vacation as well as two weeks of prime summer vacation. If you are lucky enough to find even more time to spend at your vacation home, The Timbers Club is happy to accommodate you on a space-available basis with no cap on length of stay. The result of our program is a million-dollar lifestyle and luxurious mountain residence at a fraction of the cost.

Membership at The Timbers Club affords its residents all the benefits of resort home ownership without the inconveniences of maintaining a second home. And why not pay for only what you use? Our extraordinary staff will take care of all the details before and during your stay. No matter how big or small. Consider it handled. The Timbers Club is where ownership is simple. Smart. Convenient and hassle-free. Only Re-Sale pricing is available.

Exclusive Features and Amenities for Timbers Club Members

• Residential ownership at a private mountain club
• Magnificently appointed three-bedroom residences
• Ski-in/ski-out at Snowmass Ski Area
• Slopeside ski lockers with ski valet services
• Permanent storage for ski and sports equipment, clothing and personal items
• Complete concierge services and bell staff
• Slopeside 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 Ritz-Carlton Club at Aspen Highlands
Opened in February of 2001. Since then, private residence clubs have made a significant impact on Aspen´s lodging scene. Here is a look at some that are already welcoming owners and their guests, and others that are in the building or final planning stages.

The Ritz-Carlton Club was developed specifically to combine the benefits of Second Home ownership with the amenities and services available from a world-class hotel company. Ritz-Carlton Club Members benefit from conveniences, services and amenities that are not provided by equally luxurious condominium developments. Additionally, as a Member of The Ritz-Carlton Club, your usage is more closely matched with the financial commitment necessary, rather than purchasing a luxury condominium that may be used for only a fraction of the year.

• St. Regis Residence Club, Aspen
In early 2005, St. Regis Resort, Aspen introduced 25 two- and three bedroom fractional ownership residences within the east wing of the existing resort. Along with these units came a new 15,000-square-foot Remède Spa. The residences, which range from 1,700 to 2,500 square feet, feature twice-daily housekeeping services, private check-in on the premises. Purchase options offer one-eleventh shares, which are four weeks per year, and allow buyers to purchase either fixed weeks or floating times. Prices range from $300,000 to $1.6 million.

• Hyatt Grand Aspen
Opened the doors to its 50 residences in December of 2005. Within the turreted brick façade are units that range from 950 to 3,500 square feet, all with Venetian plaster walls and Viking appliances. Thirty-four different floor plans are available; many units have balconies and some come with private outdoor hot tubs. Buyers receive one-twentieth shares, meaning one week in prime seasons and 10 additional days during the year. Only specific weeks are offered, though exchanges are possible. Prices range from $90,000 to close to $1 million, with the average being around $225,000.

Rooms & Amenities

High-Speed Internet Comfortably appointed rooms

Guest Services

Full Service Business Center Concierge Services

Dining & Entertainment

In-unit kitchen facilities Complimentary continental breakfast

Activities

Fitness Center Junior Olympic-size outdoor pool

• Innsbruck
Due to arrive in mid-2006, the Innsbruck is a total redevelopment of the long-popular hotel on Main Street. One-twelfth shares offer four weeks per year, including three in prime seasons. Ten two bedroom residences, at about 1,165 square feet and including three bathrooms, are available starting at $169,000. Seven one-bedrooms range up to 800 square feet, and begin at $75,000. All of the units feature abundant use of granite, slate, and stone, plus alder wood cabinetry. A heated resistance swimming pool and a hot tub are among the other amenities.

The Innsbruck Ownership Program guarantees owners a minimum of four weeks in residence per year, three selected from prime vacation seasons and one from shoulder seasons. Priority groups for selection will be assigned by date of contract. Additional vacation weeks are always offered to The Innsbruck owners on a space available basis with no minimum length of stay. For the ultimate in vacation flexibility, Innsbruck owners may exchange their residence weeks at a limited number of resorts worldwide. Please call for details.

Ownership of an Innsbruck residence brings all of the rewards and comforts associated with the Aspen lifestyle. Owners at The Innsbruck can enjoy a heated resistance swimming pool, hot tub, complimentary van service, bicycle usage, concierge service and the full attention of on-site management and support staff to handle every detail of your vacation in Aspen.

• Residences at the Little Nell
These 26 three- and four-bedroom residences, scheduled to debut in mid-2007, include ski-in, ski-out access. Located a few steps from the Silver Queen gondola, at the base of Aspen Mountain, they range in size from 2,750 to 3,750 square feet. Management and hotel services will be provided by The Little Nell hotel, via a tunnel under the gondola building. One-eighth shares, including two prime weeks in both summer and winter, range from $1 million for the smaller units, to $1.75 million for four bedrooms. Eight hotel rooms are part of the development as well.