Ritz-Carlton adds fractional ownership at Bahamas development

posted by Sara Clarke on Aug 14, 2008 10:47:10 AM The Ritz-Carlton Club has announced plans to build fractional ownership homes in The Bahamas. The Orlando-based real estate time share company will add 16 homes to The Abaco Club on Winding Bay, a residential development managed by Ritz-Carlton. Currently, the club has single-owner cottages and estate lots. Ritz-Carlton’s fractional ownership program is a points-based system that allows members to stay in the vacation homes for a portion of the year. Initial membership starts at $110,000, and members receive points annually for their vacations in Abaco, the company said. The project is now being sold, and the first phase of five cabanas is expected to open in December, the... [read full story]