Fractional boat membership company SailTime has two new franchise locations in Miami, Fla., and Toronto, Canada

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Bob Denison of Denison Yachting is the new owner of SailTime Miami, located at the Miami Beach Marina.

“We’re thrilled to add SailTime Miami to our list of offerings at Denison Yacht Sales,” said Denison in a statement. “I can’t think of a better model to introduce busy south Floridians to the great sport of sailing.”

Steve McPherson, the owner of the new SailTime Ontario franchise, will introduce bases in two locations or Toronto — one in Port Credit and one in Outer Harbor.

McPherson bought Navy Point Marina and yacht dealership in 1990 and has grown it to four locations throughout upstate New York and Toronto.

“Millennials are all about the sharing economy. They love travel and adventure, but aren’t big on property ownership,” McPherson said. “With SailTime, they get to enjoy all the fun of owning a luxury sailboat without the cost and hassle of ownership. Toronto has a young and vibrant population who we believe will really enjoy sailing with us.”

SailTime now has 29 domestic and six international locations.

“We knew being a leader in the sharing economy would help us continue to expand around the world, but joining industry leaders like Denison Yachts and Navy Point just reinforce our faith in the SailTime model,” said SailTime CEO Todd Hess.

SailTime Miami will be at the Miami International Boat Show February 15 through the 19 at Pier 9 adjacent to Beneteau.

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