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May 26, 2010

“Own More for Less” at Fairmont Ridge

Pepper Rodriguez

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A new ownership opportunity that offers more for less may just be the push needed to kick start the less-than-lively vacation property market, as the Residences at Fairmont Ridge in Fairmont Hot Springs, B.C., revealed a new ownership package.

A deeded sixteenth fractional ownership option, starting at $38, 900, is designed to compete directly with the popular vacation property timeshare product. This new package sparked major movement back into recreational property purchasing in one of Canada’s most sought-after destinations. This never-before-offered ownership option is unique to the Columbia Valley and a first for Fairmont Hot Springs.

As opposed to timeshare product, the deeded sixteenth fractional offers vacationers an opportunity to truly invest in a second home at an affordable price. The sixteenth fractional includes three weeks of usage and is part of the world’s largest property exchange program, RCI Exchange.

Marketing Director, Jay Hardy notes “even through the recession the desire for lifestyle products such as a second home did not diminish. Today, consumers are now more focused on value and this is exactly what the sixteenth fractional represents — usage aligned with price and equity in a property that can be shared for years to come.”

The Residences at Fairmont Ridge is setting a new precedent in the Columbia Valley with its urban-meets-nature design, contemporary style and furnishings and accessibility to some of the richest year-round recreational activities such a ski, golf, hiking, biking, water sports and more.

With the purchase of a sixteenth fractional buyers receive 15 rounds of golf, 15 ski passes and 15 hot springs passes.

The Residences at Fairmont Ridge, developed by Marble Ridge Developments, is the first-ever townhome fractional project in Fairmont Hot Springs Resort. The project is located within walking distance of the renowned Fairmont Hot Springs.

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