From the staff at Swiss Alliance Group
Vacation ownership refers to purchasing a period of time for use of a property, generally at a resort or similar residence. This allows the individual pre-paid use of said property, while being spared the additional costs of renting. Vacation ownerships generally involve the price of purchase, as well as a yearly maintenance charge, for a specific period. These products, also known as timeshares, are increasingly popular. Major companies within the hospitality industry, including Fairmount, Four Seasons, Hilton, and Accord have entered the vacation ownership market. In right-to-use ownerships, one purchases what is essentially a lease, generally for a period of a week or two each year, and for a set period—perhaps 15 to 50 years. This process functions similarly to a rental, but the owners of the shares may rent or sell their time as they wish.
The Swiss Alliance Group offers its clients the advantages of offshore investing; its deferred annuity product is specifically targeted to vacation ownership investors.