The Concept
The concept behind the Aurora Group real-estate resorts is to provide a 7 star luxury hotel service and facilities to all of the property owners. The services will be provided by the luxury German hotel operator in Portugal, Vila Joya.
This is a concept that is unique to the entire region of the Algarve, Portugal. The resorts will be sold as Private Residence Clubs, which have proven great success with groups such as Four Seasons, Ritz Carlton, Hyatt, Marriott and Hilton among many others.
PRC´s are private residences which will including owning your own property (fraction of a property) with all the facilities Aurora Resorts offers.
The facilities include state of the art Spa, gym, wellness areas, swimming pools, active kids club and the use of our unique and private facilities such as the Aurora luxury car club with all the top sports cars available in today’s market, yachts, sailing yachts, golf in most of the popular golf courses in the area and the Aurora race program on the new F1 racing track at the Algarve whereby every Aurora PRC owner can enjoy track days and race events and football events in the luxury of the Aurora lounges. Most of the facilities have already been set up by Aurora Group.
Aurora Group is offering a millionaires lifestyle for a fraction of the cost.
Aurora Group also is negotiating with celebrities from top football clubs, Hollywood actors as well as F1 stars as Private Residence Club owners.
Private Residence Clubs are Fractional Ownership’s top of the range offering and providing outstanding value and convenience to their owners. Located at premier resort destinations, on prime sites, Private Residence Clubs feature exceptional architecture and interior design, and provide the highest levels of facilities and service. Globally, Fractional Ownership and the Private Residence Club concept are amongst the fastest growing sectors of the Tourism, real estate and hospitality industries, with the number of identified resorts offering these products worldwide increasing by 39% in 2006 to 249. Annual sales volume in that same year increased to 1,65 billion.
In 2007, the fractional ownership industry achieved record estimated sales volumes. A total of 1,98 Billion USD in sales is projected, up 20% over the sales in 2006.
Even in today’s market, sales are around $ 1.34 billion high, as published on the 2008 Northcourse report. The Fractional Ownership in the U.S. has remained very stable, despite the adverse market conditions caused by executions "Foreclosures". North Course Advisory Services has done extensive research. This research was published in the autumn of 2008. This study shows that Fractional Ownership sales were less affected than the sales of second homes and timeshares. (Source: 2008 Report & 8th Annual Fractional Interest Report by Northcourse Advisory Services)
The continued growth of the fractional second home real estate market continues, albeit at a somewhat slower rate, in spite of adverse market conditions.
Aurora Group has preformed over the past 24 months a due diligence on all projects and on "The New Luxury Lifestyle Concept" including tax strategy with the reputable companies such as PriceWaterhouseCoopers Portugal and Northcourse Advisory Services.
On top of this Aurora Group has the advice from Wallace Hobson from Hobson Advisors / Northcourse. Wallace Hobson is real-estate advisor with more then 30 years of experience, which has been working with Hotel groups such as Four Seasons and the Ritz Carlton.
Additional to Mr. Hobson Aurora Group Finance is working with Bill Orwig from Springcreek.
According to Wallace Hobson, formerly employed by Northcourse Advisory Services, the "The New Luxury Lifestyle Concept" provided by Aurora Group, is one of world’s best Fractional Ownership concepts. Hobson Advisors will publish a report about Aurora Group in a nearby future.
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