WHAT IS LONG BAY BEACH CLUB?
Long Bay Beach Club is a private membership residence club located on beachfront Long Bay in Turks & Caicos. The Club is comprised of three newly constructed luxury villas and is a private, member-owned, equity residence club with elegant amenities. Amenities include concierge, housekeeping, private airport transportation, fully equipped fitness center and a wide range of other amenities all focused on delivering an unsurpassed and hassle free experience of any world class resort. The Club villas offer an open, contemporary and relaxed feel that has been designed and appointed by one of the Turks top architectural architects and interior design firms.
HOW OFTEN CAN AN OWNER ENJOY THE CLUB?
As often as they wish, subject to the club's reservation policies. Each ownership can reserve up to 21 days of Planned Vacations. After all Planned Vacation time is reserved, owners can reserve an additional 14 days of lodging on a “space available” basis. With one tenth ownerships per residence, there is abundant availability throughout the year and there is no limit to the amount of use by each owner. If some owners use the club less, other owners will be able to use it more.
WHAT ARE THE BENEFITS OF FRACTIONAL OWNERSHIP?
Long Bay Beach Club is designed to provide more convenience, services and amenities than are provided by an equally luxurious vacation home. Owners have generous and flexible vacation use all year around. The Club's management removes the worries associated with a "traditional" second home ownership. Fractional ownership significantly reduces the financial burden through shared ownership of the residences and club facilities. More importantly, it allows for the cost of ownership that is commensurate with your expected use of a luxury second home.
IS RENTING OUT PLANNED VACATIONS AN OPTION?
Yes. Rental income can provide an attractive option for members. Subject to blackout dates, Club members are permitted to rent their Planned Vacations through the Club's management company.
IS OWNERSHIP IN LONG BAY BEACH CLUB A REAL ESTATE INTEREST?
Yes. Title is evidenced by a real estate deed that is recorded. Each owner owns a one-tenth undivided, deeded interest in one of the Club's fully furnished residences. Like most other forms of real estate, this interest can be placed in a trust, sold or willed to other individuals.
HOW MANY UNDIVIDED DEEDED INTERESTS WILL BE SOLD?
The Club will offer a maximum of ten ownerships per each of its private villas.
CAN MORE THAN ONE FAMILY OR INDIVIDUAL OWN A SINGLE OWNERSHIP?
Yes. More than one family or individual may own a single ownership. It will be up to the joint owners to allocate lodging for that ownership in compliance with the reservation policies.
IS THE CLUB A TYPICAL TIMESHARE DEVELOPMENT?
No. Timeshare is typically the ownership of a specific week and lodging. Members in the Club have access of use anytime, subject to reservation policies. Club ownership is similar to membership in a prestigious equity golf country club. With 10 owners per villa, the Club provides abundant and flexible use for all owners.
DO OWNERS HAVE GUEST PRIVILEGES?
Yes. Guests staying in the same residence with an owner are allowed to vacation at the Club at no charge. Owners also may invite unaccompanied guests to use their confirmed Planned Vacations without a guest fee.
DOES EVERY STAY AT LONG BAY BEACH CLUB HAVE TO BE 7 DAYS AT A TIME?
No. Owners can use the Club just like a second home, subject to the Lodging Reservations Policies and Procedures. Based on availability, owners can stay for as little as one night.
CAN LONG BAY BEACH CLUB OWNERSHIP BE RESOLD?
Yes. Like any other form of real estate, the owner's undivided, deeded interest can be sold or transferred by the owner or sold. The Club has secured an exclusive relationship with one the Turks & Caicos' real estate brokers to manage the Club's resale program.