Fractional Ownership
Traditional wisdom in Real Estate identifies the three most important things are; location, location and location. Bayern Industries believes there is an additional tenet that can add power to that equation. Build once, sell many times!
Bayern Industries will be pursuing real estate investments in existing multi-unit properties that have the potential to be converted into time share resorts. The business model is based on identifying underperforming properties in strong tourist destinations, refurbishing them, and reselling them as time-share resorts.
Specifically, we intend to identify distressed properties in areas with superior tourism potential and, in conjunction with local partners, rebuild, refurbish and operate the properties as timeshare. We have identified four key regions which we believe hold great opportunities in terms of properties that fit with the business model, have strong tourism potential, and favourable construction costs.
Spain
Tourism is one of the most important industries in Mexico drawing over 20 million tourists a year. The most notable tourist attractions are the ancient Meso-American ruins and the popular beach resorts. Mexico has a unique culture – a fusion of European, particularly Spanish, and Meso- American – making it a popular destination. The vast majority of tourists to Mexico come from the United States and Canada and, to a lesser degree, from Europe, Latin America, and Asia. However, with the growing affluent middle class, Mexico has seen the emergence of new domestic tourism over the years.
Bulgaria
Bulgaria is a small picturesque country with a unique geographical advantage. Situated in south-eastern Europe, Bulgaria occupies the north-eastern part of the Balkan Peninsula, thus offering a wide variety of opportunities ranging from rural tourism to spas, from ski resorts to sea resorts, from ecotourism to cultural and sports-related options. Bulgaria has over 800 natural thermal water springs making this the key to the development of the hospitality industry in the country. Bulgaria had 7.4 million visitors in 2006, a 103% growth over the previous year. This trend is expected to continue.
Panama
Panama, officially the Republic of Panama, is the southernmost country in Central America. Situated on an isthmus, Panama is a transcontinental nation that connects North and South America. It borders Costa Rica to the northwest, Colombia to the southeast, the Caribean Sea to the north, and the Pacific Ocean to the south. It is an international business center and is also a transit country. In Central America, it is the second most industrialized country, behind El Salvador. In 1994, Panama passed Law No. 8 – still the most modern and comprehensive law for the promotion of tourism investment in Latin America and the Caribbean. In so-called Special Tourism Zones, Law 8 offers incentives such as 100% exemption from income tax, real estate tax, import duties for construction materials and equipment, and other taxes.
Montenegro
Montenegro, also known as the pearl of the Mediterranean, is located south of the Adriatic Sea. It’s a tiny country but has much to offer in terms of natural breathtaking beauty, pristine beaches, clear lakes, fast rivers, and gorgeous mountains. Wake up to the beautiful Adriatic coast, lunch on the banks of Skadar Lake, and enjoy the evening walks in the Montenegrin Mountains. Montenegro is unforgettable. According to 2005 statistics, nearly 800,000 tourists visited the country showing a growth of nearly 20% over the previous year. Coastal resorts, predictably, claimed the lion’s share in terms of growth areas. The government has adopted an aggressive promotion policy for tourism which is expected to fuel double-digit growth in the sector.
Mexico
Tourism is one of the most important industries in Mexico drawing over 20 million tourists a year. The most notable tourist attractions are the ancient Meso-American ruins and the popular beach resorts. Mexico has a unique culture – a fusion of European, particularly Spanish, and Meso- American – making it a popular destination. The vast majority of tourists to Mexico come from the United States and Canada and, to a lesser degree, from Europe, Latin America, and Asia. However, with the growing affluent middle class, Mexico has seen the emergence of new domestic tourism over the years.
Greece
Officially the Hellenic Republic s a country situated on the southern end of the Balkan Peninsula. It is bordered by Albania, the former Yugoslav Republic of Macedonia, and Bulgaria to the north, and by Turkey to the east. The Aegean Sea lies to the east and south of mainland Greece, while the Ionian Sea lies to the west. Both parts of the eastern Mediterranean basin feature a vast number of islands. Greece and the Greek Islands are one of the favorite destinations in Europe. Every year, the country welcomes millions of visitors from all over the world.
Timeshare
A booming industry:
According to statistics compiled by the American Resort Development Association:
· Over 3 million households own timeshares in the US.
· Over 6 million worldwide own a vacation interval at 5,400 resorts around the globe.
· 85% are satisfied with their timeshare purchase
· 55% are “very satisfied”.
A wise investment:
Unlike money spent on a hotel room or a resort trip, timeshare is for keeps – its yours to use, lend, rent or even sell. You could even leave it as a legacy for your loved ones! The initial investment is ‘paid’ off year after year of vacation enjoyment.
More choice:
Many dream of owning vacation properties but cannot afford such a luxury. Timeshare offers the next best thing- the flexibility of “banking” time in properties throughout the world rather than just one property.
Top 10 global destinations (according to American Resort Development Association)
1. United States
2. Spain
3. Mexico
4. Italy
5. South Africa
6. France
7. Argentina
8. Portugal
9. Canada
10. Japan.
Key facts and figures
Timeshare owners on average visit their resort area 60% more often after buying the timeshare, average length of stay increases by 55% resulting in a 150 % increase in the total number of nights spent in the area.
Timeshare owners and their guests spend in excess of $5.4 billion annually in U.S. resort areas while enjoying their timeshare vacations.
The average timeshare visitor party in the US spends $1,205 during their stay: about $152 per day, or $39 per person per day.
Timeshare dollars support local restaurants, retail stores, car rental companies, and tour providers. Timesharing even brings revenue into area hotels and rental companies when timeshare owners extend their stays.
According to research, more than half a million US timeshare owners would like to buy more time in the resorts where they already own timeshares. And, over 650,000 want to buy more time in another resort area. In fact, existing timeshare owners are 18 times more likely to buy a timeshare than the average US household.