San Francisco Chronicle

PROPERTY POST

How to own a luxury S.F. home at a fraction of the cost

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Imagine: owning a second home in The City, within a luxury hotel, at a tenth the price. Sound like a dream?

Imagine: owning a second home in The City, within a luxury hotel, at a tenth the price. Sound like a dream? For private residence club buyers, that dream is a reality. San Francisco’s exorbitant home values and rising hotel prices pose a challenge for those who consider S.F. their home away from home. For those who can afford to buy in San Francisco but only plan to spend a few weeks out of the year, does full ownership make economic sense? Many private residence club owners think not. Instead, they opt for the value and convenienc­e of fractional ownership. Buyers receive deeded ownership on a “fraction” of a property, with zero maintenanc­e and the amenities of a luxury hotel. Fairmont Heritage Place, Ghirardell­i Square is the only private residence club of its kind in San Francisco. Recognized as the “Best Private Residence Club in North America” by US News Travel, these 1, 2 & 3 bedroom homes offer terraces with a stunning view of the Bay. Buyers that travel will especially appreciate the reciprocal ownership arrangemen­t offered. Owners have VIP exchange privileges with over 100 Fairmont, Raffles, and Swissotel properties around the world.

For additional informatio­n please visit our Preview Gallery in Ghirardell­i Square at 900 North Point Street, San Francisco, call 415-292-1000 or visit www.fairmontat­ghirardell­i.com.

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