Company offers new fractional ownership program

Author:
Updated:
Original:

Quartershare Yachts International has launched a program offering 25 percent ownership in a luxury yacht.

Quartershare owners will have the ability to use their boat or an identical vessel in the fleet for 10 calendar weeks per year. Owners also pay 25 percent of the fixed operating costs.

“A $4 million boat suddenly costs $1 million, a $10 million vessel now costs $2.5 million and a $40 million yacht costs $10 million. The owners do nothing except enjoy their time on board while retaining the asset benefits of ownership.” Quartershare president and co-founder Andy Kimbel said in a statement.

Quartershare Yachts plans on hiring crews and customer services representatives in order to staff vessels and operational hubs in early 2009.

Click here for the complete release.

Related

Polaris Names CEO and CFO

Previously interim executives, Michael Speetzen was named the CEO and Bob Mack the CFO of the Minnesota-based powersports company.

Sanlorenzo Reports Q1 Financials

The Italian builder continues to gain market share and expects to debut five models at Cannes in September and launch three new lines in 2022.

New Hope for Killing Algae Blooms

Researchers are experimenting with injecting ozone nanobubbles into waterways that burst and cut off the algae’s food supply.

Mercury’s Impact on the Local Economy

A new study shows that the manufacturer has a more than $5 billion annual impact on the Fond du Lac, Wis., community.

Lippert Posts Record Q1

The quarter marked a “watershed moment” for the component supplier, as net sales hit $1 billion.