| Carbone Resort Development has identified
a dynamic niche within the five-star resort market. As developers and operators,
we refer to this niche as "complex" resorts or master-planned developments involving
multiple, sophisticated resort operations that include upscale food and beverage
facilities, signature recreational amenities (golf, spas, marinas, tennis, skiing,
equestrian), boutique retail, and Fractional Ownership and Private Residence
Clubs. While Fractional Ownership Clubs are differentiated from typical timesharing
by the qualitative level of the project facilities and operations, Private Residence
Clubs are considered fractional real estate projects that are similar to member-owned
country clubs in resort destinations. Combining private club level services
and access to an extensive array of resort amenities, they are luxurious, low
maintenance, high service alternatives to traditional second-home ownership.
Carbone Resort Development is firm in its belief that an enormous surge in recreational property ownership in the United States is now underway. Data from recent surveys indicates that 60% of Americans believe they will have the opportunity to purchase a recreational property in the next ten years due to the significant accumulation of wealth that has occurred within the baby boom generation. With a net worth of over $6.8 trillion, baby boomers over the age of sixty are predicted to create a demand for luxury recreational property that will far outstrip the potential supply. Carbone Resort Development is convinced that its products, recreational real estate tailored to meet the wants and needs of this premium market, are ideally positioned to take advantage of this opportunity. With its flagship project, Rancho Manana Private Residence Club and Spa in Cave Creek, Arizona, nearing completion and other Private Residence Clubs in planning and development, Carbone Resort Development is working closely with members of the R.P. Carbone construction team as well as with seasoned, third-party industry experts in design, landscaping, management, and sales and marketing to offer an unequaled resort experience for owners and guests of its Private Residence Clubs.
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