Deeded Ownership Information
What is Vacation Ownership?
Breckenridge Grand Vacations offers deeded vacation ownership that provides a more flexible alternative to purchasing an entire vacation home that you have to manage.
Fractional Real Estate, Deeded Ownership and Timeshares: What’s the Difference?
If you’re exploring vacation ownership, you may encounter terms such as fractional real estate, deeded ownership and timeshare. While these terms are closely related, they don’t always mean the same thing.
Understanding the differences can help you determine what you’re purchasing, how ownership works and what type of vacation experience best fits your lifestyle.
What Is Fractional Real Estate?
Fractional real estate is a form of shared property ownership in which multiple individuals own interests in the same property. Breckenridge Grand Vacations offers fractional ownership with property management, maintenance and access to all resort amenities.
What Is Deeded Ownership?
Deeded ownership refers to the legal structure of the purchase. With deeded ownership, the buyer owns a real property interest that is conveyed through a deed. This is different from vacation products that provide only a contractual right to use accommodations without conveying an ownership interest in real estate.
Fractional real estate can be deeded, meaning an individual owns a fractional interest in the underlying real estate rather than simply purchasing the right to vacation there.
Deeded ownership provides access to vacation time within the resort and season associated with the purchase. Club and Estate memberships provide eligible owners with additional benefits, which may include Bonus Time, Day Use, Club Points, Dog-Friendly Stays and other resort privileges. Available benefits vary by membership type and are not included when purchasing a resale unit.
What Is a Timeshare?
Timeshare is a broad term used to describe vacation ownership arrangements in which multiple people share access to accommodations over time. There are several different types of timeshare structures:
Deeded Timeshare: the purchaser owns a real estate interest.
Right-to-use or points-based: the purchaser receives contractual vacation privileges rather than a deeded interest in a particular property.
Is Fractional Ownership the Same as a Timeshare?
Not exactly. Fractional ownership and timeshares both allow multiple owners or members to enjoy vacation accommodations without purchasing an entire property. However, the ownership structure, amount of usage, property type and legal rights associated with each product can differ significantly.
A fractional ownership interest may also be a form of timeshare under applicable laws, particularly when ownership includes the right to occupy a property during specified periods.
The most important question for a prospective buyer is therefore not simply whether something is called a “timeshare” or “fractional ownership.” It is what is actually being purchased?
What Does Breckenridge Grand Vacations Offer?
Breckenridge Grand Vacations (BGV) has specialized in vacation ownership and hospitality in Breckenridge, Colorado, for more than 40 years. BGV offers deeded vacation ownership, allowing owners to purchase a real estate interest rather than simply purchasing vacation points or a temporary right to use accommodations.
BGV’s ownership model provides owners with a home base in Breckenridge while professional resort teams handle the day-to-day responsibilities associated with maintaining and operating the properties. Depending on the ownership purchased, owners can enjoy accommodations and resort amenities while having opportunities to use their ownership within the framework of their specific ownership program. BGV also brings decades of experience in resort operations, property management and hospitality to the ownership experience.
What Does “Deeded Vacation Ownership” Mean at BGV?
When purchasing deeded vacation ownership from BGV, an owner purchases an interest in real estate that is conveyed through a deed. Rather than purchasing only access to a vacation club or a collection of points, BGV owners hold an ownership interest in real property. The specific property interest, usage rights, reservation options, fees and other terms depend on the ownership purchased and are detailed in the applicable ownership documents.
In simple terms:
You aren’t simply purchasing vacations. You’re purchasing a deeded interest in vacation real estate that provides opportunities to enjoy Breckenridge year after year.
Why Choose Deeded Vacation Ownership?
For travelers who return to Breckenridge regularly, vacation ownership can provide an alternative to purchasing an entire second home or booking accommodations independently for every trip.
Owners can enjoy many of the benefits associated with having a mountain home base while professional teams oversee resort operations, maintenance and amenities.
It can be particularly appealing to people who value:
- Returning to Breckenridge year after year
- Resort-style amenities and services
- Professionally managed properties
- A deeded interest in real estate
- Vacation accommodations designed for repeat use
- An alternative to whole ownership of a second home
What is Bonus Time and Why Should I Care?
Bonus Time allows eligible Club and Estate members to reserve unused accommodations at reduced rates without using their Owner Week or Club Points. Available Bonus Time stays may be viewed and reserved through the Bonus Time calendar on Grand Central within 14 days of the desired arrival date (For the Imperial Hotel & Private Residences, the Grand Colorado on Peak 8, and the Grand Lodge on Peak 7). Availability is limited and is generally greater during off-peak periods and on weekdays. Rates vary based on residence size, season and whether the stay falls on a weekday or weekend.
There are no Bonus Time blackout periods, but all reservations are subject to availability. Bonus Time is only available to eligible Club and Estate members who purchase directly through BGC and is not available with ownership purchased solely through the resale market.
Frequently Asked Questions
Is BGV a timeshare company?
Breckenridge Grand Vacations is a vacation ownership and hospitality company based in Breckenridge, Colorado. BGV offers deeded vacation ownership, a form of shared vacation ownership in which purchasers acquire an interest in real estate.
Is BGV ownership deeded?
Yes. BGV’s vacation ownership offerings are structured as deeded real estate interests. The specific ownership interest and associated usage rights depend on the property and ownership purchased.
Does BGV sell points?
BGV’s core ownership product is deeded real estate rather than a points-only vacation club. Certain exchange or reservation programs may use points or other systems to facilitate vacation flexibility, but those systems should not be confused with the underlying deeded ownership.
Is fractional ownership real estate?
Fractional ownership can be real estate when the purchaser receives a deeded interest in the property. Other shared-use arrangements may provide contractual usage rights without conveying real estate ownership, so buyers should review the specific structure of the offering.
Can deeded vacation ownership be inherited?
A deeded real estate interest can generally be transferred or inherited, subject to the ownership documents, applicable laws and any restrictions associated with the property.
Is fractional ownership the same as owning a second home?
Not quite. Whole ownership generally means one person or household owns the entire property. Fractional ownership divides ownership among multiple parties, allowing each owner to enjoy the property according to the applicable usage structure while sharing certain costs and responsibilities.
Why should I purchase from Breckenridge Grand Vacations directly instead of purchasing resale?
Resale owners do NOT have access to any club benefits. This means they do not have access to:
- Bonus Time
- Day Use Parking
- Resort Privileges
- Club/Estate Point Reservations
- Day Use Theaters
- Dog Friendly Units
What is the difference between a developer owned purchase and a resale with Breckenridge Grand Vacations?
A developer owned purchase is anything someone buys directly from BGV. Resale is when someone buys inventory from another owner off a third-party market. An ownership transfer does not count as a resale purchase, and the estate/club benefits stay with the transfer.
What is the Owner Rental Program?
Breckenridge Grand Vacations gives owners the option to place eligible Owner Weeks into its rental program. The Vacation Rentals team markets this inventory through third-party booking sites, other distribution channels and directly to Breckenridge Grand Vacations owners. To participate, an owner must first reserve an Owner Week within their eligible season. The owner can then request a rental contract through My Reservations on Grand Central. The contract is delivered by DocuSign and must be completed by all co-owners.
Submitting the contract early gives the Vacation Rentals team more time to market the reservation. Owners can monitor its status through the Rental Status section of Grand Central. Rental fulfillment is not guaranteed. To improve occupancy and the potential return to the owner, BGV may discount the stay or divide the reserved week into shorter stays. The standard commission split is 60 percent to BGV and 40 percent to the owner. This program is available to all owners.
Owner Testimonials
SHARING SMILES
