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Fee-for-service arrangements provide opportunities for new entrants into shared ownership industry

( Kathy Conroy, Director/Partner of HVS’s consulting, valuation and shared ownership advisory operations in Florida and Gary Johnson, Senior Consultant for HVS in Miami, advise new entrants to reconsider the timeshare arena, thanks to emerging trend of fee-for-service and capital-light arrangements.

“Fee-for-service refers to the services such as sales and marketing, which are provided to a third party developer for a fee,” explains Conroy. “Previously, the barriers for an individual developer to enter the shared ownership industry were very high and maybe even not feasible. But today some of these barriers are no longer an obstacle to entry in the timeshare arena.”

Adds Johnson, “the large investment required to setup an effective sales and marketing organization, as well as the specialized expertise necessary to operate an effective program, are examples of barriers that previously blocked the majority of hotel owners and resort developers from entering the industry. Without an experienced and effective sales and marketing organization, the timeshare model cannot be successful. However, given the advent of the fee-for-service structure, lack of experience and expertise are no longer barriers.”

Conroy, a noted national authority on the valuation of vacation ownership properties has authored books on timeshare property assessment, and timeshare property valuation for the American Resort Developers Association and the Appraisal Institute.

According to Conroy, those who can most benefit from this capital light model and fee-for-service structure include developers of mixed use resorts which can add a timeshare component; resort condominium developers facing slow demand for whole ownership sales; and hotel owners with excess inventory which could be isolated to a certain wing of a hotel or specific buildings.

To read more about capital-light and fee-for-service models in shared ownership, click here

About HVS:

HVS is the world’s leading consulting and services organization focused on the hotel, mixed-use, shared ownership, gaming, and leisure industries. HVS principals are regarded as the leading experts in their respective regions of the globe. In Florida, HVS professionals are sought after consultants when it comes to issues including hotel supply, demand and value trends for all the major markets from South Florida to Central Florida, to the West Coast of the state; foreign investment in hotels throughout the state and assisting foreigner in acquiring hotel assets in Florida; the use of EB5 financing in hotel development and /or conversion deals; facilitating the execution of shared ownership business models within hotel and/or mixed use developments; decisions regarding branding vs. independent hotel operations, particularly in Miami Beach. Superior Results through Unrivalled Hospitality Intelligence. Everywhere.

MEDIA CONTACT: Leora Lanz, , +1 516-680-8529

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