Supporting the resurgence of the private residence club market, The Reefs Club is proud to announce the sale of more than 40 memberships of its luxurious fractional resort real estate product in just two weeks. With these sales The Club welcomes 37 new members and 3 existing owners who have purchased an additional interest in The Club.
Spurred by the marketing and sales expertise of private residence club consulting team Peter Kempf International (“PKI”), the recent sales activity underscores the notion that consumers are once again turning to fractional vacation home ownership as a smart legacy investment at a fraction of the cost of traditional vacation home ownership. [member]
“Having completed construction of The Reefs Club in the midst of the recent economic recession, we are thrilled and encouraged at the recent sales success. It is a testament to the strengthening of the private residence club market and the peerless nature of The Reefs Club product,” says Peter Kempf, president and CEO of PKI.
For those seeking a luxury oceanfront vacation home that affords the best of island living for an incredible value, owners at The Reefs Club enjoy a 1/10th deeded interest in one of 19 two-or-three-bedroom luxuriously appointed residences. Prices start at $179,500 USD for a two-bedroom and $229,000 USD for a three-bedroom ownership and will be increasing on July 1st.
The Reefs Club marries all of the advantages of Private Residence Club ownership— deeded ownership, unlimited vacations, shared maintenance costs and ownership transfer or sale—with the hallmark hospitality and beauty of Bermuda’s highly acclaimed oceanfront resort, The Reefs.
Located on a limestone bluff overlooking a secluded pink sand beach, The Club’s residences feature spacious interiors with retractable floor-to-ceiling glass doors, a private terrace with whirlpool spa, a gourmet kitchen, two master suites, unobstructed ocean views and the relaxed luxury of classic Bermudian design.
Reefs Club owners also enjoy amenities such as an infinity-edge heated swimming pool and jetted spa, private owner’s lounge with pool table and bar, a state-of-the-art fitness center, full concierge and housekeeping services and access to three acclaimed on-site restaurants and La Serena Spa, recently rated #5 in the entire Caribbean region.
David Dodwell, whose family has owned and operated The Reefs for 37 years and who is the developer of The Club says, “we are very pleased with the success of our recent sales drive and would like to welcome the new owners to what we earnestly believe to be the best vacation home value proposition in the world.”