Checking In Ep 28: Fractional Vacation Home Exchange w/Elite Alliance

Milenomics ² Podcast - No Annual Fee Edition

I've long been intrigued by the luxury hotel timeshare market, where you get the quality and amenities of a five star hotel combined with the square footage of a residential vacation home.

A prime example of this type of property is Four Seasons Aviara in Carlsbad, CA. Back in the day, Four Seasons managed both a hotel here along with a collection of 1 and 2 bedroom vacation homes. The hotel is now managed by Hyatt (as a Park Hyatt) but Four Seasons still maintains the Residence Club. The golf, tennis, pools, and restaurants make for a fabulous "no compromises" vacation in my book. The only problem I've had is finding another Aviara.

Turns out there's a level of quality above luxury hotel timeshares, called Luxury Fractionals or Private Residence Clubs. With these you get somewhere around a 1/10th ownership of a fully managed vacation home, usually in a resort setting with access to amenities like a golf course, beach, or skiing. The problem here is cost and commitment as these fractionals typically sell for around $200,000 down and $25,000 per year in maintenance fees.

But there are levels to these things. Properties at the top of the Luxury Hotel Timeshare market can get so nice that they're on par with Luxury Fractionals, so much so that owners are willing to trade time between them. The trick is finding owners at "different but like-quality" properties, across brands we may or may not be familiar with, interested in swapping time.

Enter Elite Alliance.

In Ep 236 of our podcast (subscription required) I detailed how we stayed at the Harbor Court Residence Club at the Rosewood Bermuda, booked through Elite Alliance. The stay was fantastic from beginning to end but I was just as intrigued by Elite Alliance's part in this because if I understand how they operate it has the potential to unlock this type of vacation experience at locations all over the world.

This episode is a discussion with Elite Alliance President and Partner Rob Goodyear. We discuss what Elite Alliance is and how they got started, how they vette properties in their portfolio to ensure a consistent quality of experience, what it takes to participate in Elite Exchange, and more.

I hope you enjoy the conversation as much as I did.

Thanks to Rob for coming on the show!