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April 2011
TOP NEW 5-STAR SHARED OWNERSHIP PRODUCT LAUNCHED IN CAPE TOWN
 
Shared ownership at the very top end of the market remains a stylish and intelligent way to own a second or third residence provided one carefully selects the correct legal structure , the right location, a residence that is part of a deluxe Hotel environment and a product with which one can enter in a quality exchange with top global resorts & destinations that do provide availability.

Previous Success
Pam Golding Hotels masterminded the successful launch of the Pezula Private Residence Club in Knysna about four years ago, a product that sold out within six weeks and remains the most popular and up market private residence club in Africa.

New Destinations
The Miami based company, Preferred Residences, have at the same time spearheaded global luxury exchange, through a network of exclusive resorts that delivers high-quality experiences to owners of exceptional real estate. The growing demand for new destinations such as South Africa, was one of the main motivations for Preferred Residences to mandate Pam Golding Hotels to seek a suitable 5-star Hotel partner in Cape Town.
Preferred Residences
Preferred Residences is a hospitality branded membership and exchange program for luxury fractional resorts, private residence clubs, and condominium-style hotels.

Upscale Vacation Residences
The program gives developers the opportunity to promote their upscale vacation residences within a network of exclusive accommodations and to deliver high-quality vacation experiences to owners of exceptional real estate.

Overview for Members

Members have access to a rich menu of benefits and services designed to enhance a sophisticated lifestyle. Preferred Residences is an alliance between Interval International, a leader in vacation ownership for more than 35 years and an operating business of Interval Leisure Group, and the Preferred Hotel Group, representing more than 800 of the world’s finest independently owned hotels in over 70 countries.

Cape Town Selected
The recent International Trade Show in Berlin has confirmed that Cape Town has become a very desirable destination for luxury travellers, this to a large extend can be attributed to new perceptions formed during the 2010 FIFA World Cup. Cape Town is also regarded as a safe option compared to the problems in North Africa and the Middle East and the Cape Royale Club Privé epitomises the level of luxury and offering that the Preferred Residences members are looking for.

Cape Royale Club Privé
Pam Golding Hotel is very pleased to announce the arrival of the Cape Royale Club Privé, incorporating existing luxury residences in a successful 5-star deluxe Hotel in a perfect location in Cape Town that will allow owners to capitalise on the benefit of ownership of luxury hotel accommodation.

High Occupancies
The Cape Royale Hotel has been achieving high occupancies, well up on last year and outperforming its competitive set in the 5-star market in Cape Town.

Cape Royale Club Privé Vacation Ownership
The Cape Royale Club Privé vacation ownership offering is modelled on an internationally successful global vacation ownership concept, and is positioned at the pinnacle of private residence clubs.
The Cape Royale Club Privé residences provide luxury travellers with the opportunity of owning an unencumbered share in perpetuity in luxury real estate in a fully serviced environment at a five star deluxe level, while having access to international exchange.
Club Privé Members will have access to a rich menu of benefits and services designed to enhance their sophisticated lifestyle, including a 50% discount at the Cape Royale Hotel for extended or additional stays.

Purchasing Power
“Vacation ownership is a great way to expand purchasing power, it redefines the meaning of leisure lifestyle by offering luxurious property ownership without any hassle or worries at an affordable price and it is a clever way to own a second or third home,” says Joop Demes CEO of Pam Golding Hospitality who initiated and structured the Cape Royale Club Privé product.

Luxury Residence Option
Preferred Residences is delighted with their first and truly exceptional vacation ownership offering in Africa at the Cape Royale Hotel in Cape Town and the Preferred Hotel Group will now be able to offer Club Privé Cape Royale as the new luxury Residence option to its international member base.

PAM GOLDING Tourism & Hospitality Consulting
(Pty.) Ltd.

Contact Joop Demes on jdemes@goldinghotels.co.za, Office +27 (0) 21 426 4440, Cell +27 (0) 82 883 2231
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