The fractional owner is typically a baby boomer with discretionary income and the time to travel. The whole concept of fractional is that it is an alternative to second home ownership.

It's gotten kids talking about it. Before it was just another exciting thing. Now kids are really able to see the negative consequences.

You could have ten people in a house, all taking showers one after another, and nobody will get a cold one. Everybody will have heated water.

We hope to have our first occupancies by the first quarter of 2007 and build out should be in 2011.

With the rising costs of second homes, fractional ownership is really an affordable alternative.