Fractional Ownership

The term fractional ownership refers to the system of vacational system in which ownership of a unit within a resort is shared among several people agreeing on how many weeks each of them will use the unit. Only one owner will be able to use the unit at one time. The fractional ownership system can be used in apartments, buildings with many residential units or vocational developments. The groups of owners can be organized either by the developer, the hotel operator, by the prospect buyers or by groups of friends or relatives.

The fractional ownership agreements normally divide the units in fourths, eights, or twelfths, with each owner having the same legal Rights to use the property. The customer buys each fraction from a developing company which takes care of the maintenance, operation and manages the rental pool inventory.

This system is special attractive for owners that do not plan to use the unit 100% of the time, as the property is placed into the rental pool to be rented and produce a return for the owners. . In summary the system increases the efficiency of the reinvestment by maximizing the use of the asset.

The owners will not have to worry about any expense related to the property as they will be covered by the rent income generated by the units) The units will show a substantial increase in value as they are in a prime real estate location. The diversification and the risk hedge of the investment located in an International market different than their home country, is an additional important benefit to the prospect buyers.

Palazzo Park

Palazzo Park Hotel & Residences offers a luxurious, beachfront destination fully integrated with the natural surroundings. Designed with nature in mind, green building concepts have been incorporated wherever possible. We are committed to being an active part of the preservation and protection of our incredible natural surroundings. It is for this reason that we have partnered with one of the Worlds foremost environmental organizations, The Eco Preservation Society. Through our partnership with The Eco Preservation Society owners will have the opportunity to adopt a hectare of land near Palazzo Park Hotel & Residences and participate in its reforestation and preservation for years to come.

KC Development Group

The developer of Palazzo Park Hotel & Residences is the KC Development Group. KC Development Group is a real estate investment company with headquarters in Toronto, Canada. It was established in 1998, having developed properties in North America, Southeast Asia and Europe, with emphasis in hotels and resorts, commercial and residential real estate. Currently it is an investment fund with more 2500 investors. Most of the investments are in emerging markets, where real estate prices are on the rise. The real estate advisors of the company identify the community needs and the target markets before making an investment. A subsidiary of KC Development Group is KC Hotels and Resorts. KC Hotels and Resorts is a luxury hotel management chain with properties in Central America and Asia. Owners at Palazzo Park Hotel and Residences can rest assured that their investment is in good hands every step of the way with an experienced internationl developer and hotel operator.