Sentences with phrase «fractional ownership arrangements»

Fractional ownership arrangements should not be confused with condohotels or condotels, in which each participant has whole ownership of a particular hotel room or suite.

Fractional ownership arrangements can be applied to a single home or apartment (typically referred to as a «one - off fractional») or to a multi-unit building or resort development.

Not exact matches

Once in office, Trump appointed the most disproportionately enplaned administration in history: According to Forbes, Treasury Secretary Steven Mnuchin has a Dassault Falcon; Linda McMahon, the Small Business Administration administrator, has a Bombardier Global; Education Secretary Betsy DeVos and her family maintain a fleet of 12 private jets, including a Boeing and six Gulfstreams, as well as four helicopters; Gary Cohn, the chairman of the National Economic Council, and Commerce Secretary Wilbur Ross each retain private - jet shares in a fractional - ownership arrangement.

The phrase «fractional ownership» is typically used to describe shared ownership of a vacation or resort property by people in an arrangement which allocates usage rights based on time.