Monocle Yachts Let Owners “Live the Dream”
By Kat Donnell
The high seas have long beckoned adventurous souls. For those who heed the call, water is the blood that runs through their veins. Over time, the boating experience has changed, as new technologies have developed. Today’s seafarers and captains can roam the seas in floating palaces.
Floating palaces where liabilities such as insurance, repairs or maintenance are left on shore. Traveling the waters of your choice, in the luxury of your own yacht without the headaches and costs of sole yacht ownership. “In our present economic environment, fractional ownership represents excellent value,” said Dr. Loren Simkowitz, Director of Operations, Monocle Yachts. “Owners want stress free vacations, floating in the lap of luxury with all amenities onboard.”
Monocle became the pioneer of fractional yacht ownership when they unveiled their program in 2001. The concept of fractional yacht ownership is to take the last hassle out of luxury yacht ownership – the wasted time that a yacht sits waiting for its owner – and in the process they created a new business model. Owners buy the portion of the yacht that they will use and in the process buy a portion of an asset that offers tax benefits and also has resale value. Monocle’s fractional yacht ownership program comes with high standards of management and also provides an opportunity for people to enter the world of luxury yachts and to have pride of ownership. Eight years later Monocle represents all of the major yacht manufacturers around the world and have the largest fractional fleet in the world with offices in South America, Dubai, France, Greece, Hong Kong, Singapore and Australia.
“Monocle started with the vision of enjoyable yachting. We eliminated the aggravations of luxury yacht ownership for our clients by handling all of the daily tasks of managing a luxury asset from selecting the best crew members, to searching for the lowest prices on fuel, through to stocking our clients’ ships with everything from cheesecake to champagne,” said Simkowitz.
Monocle Yachts is the ultimate management company. The group works with those who want to take on partners in their own boats, they buy or they contract to build their own. All of their boats are either brand new, or brilliantly reconditioned, fully furnished pedigree yachts. The company takes care of all maintenance, repairs, supplies, insurance and provides a fully screened and highly trained, professional crews that are compatible with the owners. The yachts are equipped with the latest electronics for television, internet and voice communications. They also provide wave runners, tenders and snorkeling equipment. The focus is on the owners and their total yachting experience.
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