Your Feedback
Marion wrote: I am a sea lover. Seems to be an interesting cruise. david martin Abrahams would love to travel on it.


YV&C Current Issue


YV&C Recommended Yacht Charter Links

A New Approach to Luxury Yacht Ownership
Own a yacht at 10% of the cost

Here's a novel approach to the concept of yacht ownership, based on a model of fractional ownership methods currently applied to luxury resort homes and private jets.

Robert Chatmas is a real estate developer of high-end resort properties in the Aspen, Colorado area, as well as a licensed pilot and a U.S. Coast Guard 100-ton captain. He feels the time is right to apply the fractional ownership principles that have been sucessfully employed with resort properties and jets, to luxury yachts.

His passion for boating led him to found YachtWise, a yacht management company located in South Florida with offices in Colorado.

Fractional ownership means that a buyer pays a percentage of the price of the property as well as a percentage of an annual management and maintenance fee; the buyer then owns a percentage of the property and uses it for a certain amount of time each year.

Over the past decade, the fractional ownership concept has been successfully implemented in real estate and aircraft. Chatmas feels that it is even more advantageous for yacht ownership due to the high maintenance expense and management commitment of owning an expensive asset that is often used only one month per year by its owners.

The yacht owner can have the pride of ownership as well as use of the yacht for four weeks per year, at only 10% of the expense of full ownership, and none of the management hassles, according to Chatmas.

YachtWise's program offers fractional ownership of a $3-million luxury motoryacht. An owner contributes 10% of the initial capital input of the price of the boat and then an additional 10% of the annual management and maintenance expenses. In return, the owner has the yacht for personal use (or for guests' and/or clients' use) four weeks per year in various ports as the yacht travels from the northeastern United States to the Caribbean. The owners, through YachtWise's management group, set the itinerary of the yacht each year and can arrange their personal scheduling needs through the company's concierge services.

Chatmas says that there are typically three reasons people who desire to own a yacht hesitate: (1) they have limited time available to use the yacht; (2) the expenses associated with full-time ownership and part-time use are not justifiable; and (3) most important, they do not want the burden of managing the vessel.

"We believe that fractional ownership provides all of the benefits and luxuries of owning a yacht while addressing the barriers to sole ownership" he says. "In addition, fractional ownership is less than 50% of the expense of chartering and you own the yacht."

YachtWise has begun to initiate fractional sales, and is currently accepting applications for an 80ft luxury motoryacht with a full-time captain and steward. Additional staff such as a chef are available on request.

For more information, visit yachtwise.com, or call 954 609-9066.

About Robert Chatmas
Robert Chatmas is a real estate developer of high-end resort properties
in the Aspen, Colorado area, as well as a licensed pilot and a U.S.
Coast Guard 100-ton captain.

In order to post a comment you need to be registered and logged in.

Register | Sign-in

Reader Feedback: Page 1 of 1

Subscribe to the World's Most Powerful Newsletters !
Receive Breaking Yacht Charters News as it Happens...
Yacht Charter Newsletter
Jet Charter Newsletter
 
SuperYacht Newsletter
SuperYacht Conference
Your E-Mail: 
State: 
Zip Code: 




Type the characters you see in this picture (lower case):   


YV&C Recommended Yacht Charter Links

Latest YV&C Stories
The Borneo International Yachting Challenge 2007 (BIYC) scheduled for September, which will have as its highlight a 100-nautical mile passage race from Labuan to here, is expected to attract 30 sailing teams.
Cloud Expo, Inc. announced on Thursday that Cloud Expo 2011 New York, the 8th International Cloud Computing Conference & Expo, will take place June 6-9, 2011, at the Javits Center in New York City. The International Cloud Computing Conference & Expo series is the world’s leading Cloud-...
Magnum Nautica is the first and foremost Croatia yacht charter company. It has added a luxury charter yacht, Sunseeker Manhattan 60, named ‘Rej,’ to its existing fleet of 10 luxury and charter yachts. This new addition to its fleet, with a capacity to accommodate 6 guests, is a great l...
The website, Lookflorida.com states: 'A group of Florida real estate agents have agreed to participate in the FREBS program. These agents will give you a cash stimulus at closing on your Florida real estate purchase. You could be eligible for up to $150,000' The stimulus program ...
Books are now open for Crystal Cruises' 16th annual, 110-day 2011 World Cruise. Fares for the "Grand Exotic Expedition" World Cruise aboard Crystal Serenity are now available online, along with Full World Cruise and segment itinerary details, and attractive promotional and savings info...
A JetBlue Embraer ERJ-190, registration N279JB performing flight B6-904 from Chicago O'Hare, IL to New York JFK, NY (USA) with 64 passengers and 4 crew, was on final visual approach to JFK's runway 31R descending through 2000 feet, when the crew reported they needed to abort the approa...


YV&C Recommended Yacht Charter Links