The Freedom of Flexibility
Lifestyle Asset Group’s rotating priority reservation system (PRP) allows shareholders to plan their vacations with as little or as much advanced notice as they choose. Shareholders can sponsor unaccompanied guests, giving them the flexibility to send family & friends on amazing vacations, use them as a reward for a high-performing employee, or as a donation to their favorite charity.
Group A: ( invests in 4 weeks or more per year)
Each Group A shareholder is assigned a number 1-6, depending on how many shareholders invest and when they first commit to the project.
Once assigned a number, shareholders will be able to reserve 50% of their total allocation of weeks in the ensuing 12-month calendar in an order from Shareholder #1 through 6.
The order of 1 through 6 changes each year with shareholder 2 advancing to 1 in the second year of the PRP and shareholder 1 moving to 6 in year two. By rotating the order in the selection process under the PRP, all shareholders will have years of holding position #1, #2, etc.
Group B: (1-3 weeks of use per year)
After Group A reserves 50% of their allocation, each Group B shareholder is assigned a number 1-6 and the process begins just like for Group A where shareholders will be able to reserve the week(s) in the ensuing 12-month calendar in an order from Shareholder 1-6, which rotates every year.
The application of Group A’s remaining weeks follows Group B's selections.
Each shareholder can then evaluate their own timelines and schedules in applying their remaining week(s) in their account for additional dates that are attractive to them. There is no formal structure for these reservations and they are all first come-first serve; last minute or well planned.
Weeks Allocated for Rental Income
Weeks that are to be donated to the rental pools will be assigned after the PRP process is completed so as to not interfere with important vacation dates for Group A & B shareholders.
“Space Available” Reservations There will be periods during the year when the property will be unreserved and available and shareholders are welcome to reserve the home on short notice without deducting from their allocated weeks. Accordingly, whenever the villa is available and unreserved twenty-one (21) days hence, this opportunity for a short notice reservation shall be deemed “Space Available”.