`Fractional` ownership comes to Barnstable

SPORTS: Storm soccer come on
A&E: Hyannis museum shows
works of BHS mentor. ........... ..C:12
VILLAGE: Mills students learn
business by the water............. C:1
strong.............................................................B:1
The Barnstable Patriot
Business
An Independent VOICE Since 1830 | www.barnstablepatriot.com
vol. CLXXIX | No. 15
October 10, 2008
75¢
Barnstable
Centerville
Cotuit
Hyannis
Marstons Mills
Osterville
West Barnstable
‘Fractional’ ownership comes to Barnstable
Cape Codder
Residence Club
first to offer
‘second home’
resort living the first tourism certification
on Cape Cod and probably the
first LEED-certified fractional
resort in the US.”
Fractional ownership is
a relatively new option that
began in the Rockies in the
early 1990s and is spreading
like sweet butter across the nation and into other countries to
accommodate families that do
not want the bother, maintenance responsibilities and
other expenses of a traditional
second home that they will use
only a few weeks and weekends during a year.
The Cape Codder Residence
Club offers a menu of resort
hotel amenities, concierge services and then some that one
might expect of a Cape Cod
getaway…including a complimentary boat club membership.
Fractional ownership differs
from time-share or the full
ownership of an individual
condo. It’s more than that, explains Debbie Rutland, director of sales. “It’s a shared asset
you can sell, rent, exchange for
a vacation elsewhere, and pass
on to your children,” she said.
“And you’re not tied down to
one or two specific weeks a
year. You get as much time as
your schedule allows.”
Fractional ownership is a
strategy that divides property
into more affordable segments
among friends or strangers but
with deeded ownership of the
segment.
In the Cape Codder’s case,
15 residences sold in 1/10th
increments will attract 150
ownership families to Hyannis
to spend a minimum of 35
days a year or more for weeks
or weekends of their choosing.
“We say ‘minimum’ because
owners will be able to exceed
the 35-day schedule based on
availability and on a firstcome-first-served basis,” Rutland said. Founders prices at
Residences at the Cape Codder
are $149,900 for 1,359-sq.-ft.
2-bedroom, 3-bath suites with
the latest in kitchen appliances,
furniture, bathroom fixtures
and 40-plus-inch wall-mounted
televisions in the living and
bedrooms. The 3-bedroom
suites, (1,809 sq. ft.) are for
sale at $199,999.
Both suites are arranged
to accommodate “lock out”
bedrooms that can be rented
if you don’t need them while
you’re there, or to host friends
By Paul Gauvin
[email protected] P
ampered living for
the family of means
has come to Hyannis
by way of the Cape Codder
Resort and Spa at Route 132
and Bearses Way in Hyannis,
the first resort here to offer that
relatively new and hassle-free
ownership option on Cape
Cod.
The Cape Codder Residence Club is now marketing well-appointed upscale
“second homes” that improve
by ownership upon the rented
penthouse suites of five-star
hotels. The homes are being
built above several wings of
the diversified complex’s 256
resort hotel rooms. A furnished model residence is open
for inspection by potential
buyers as other units head to
completion.
“We believe fractional ownership, which is the melding of
vacationing and second-home
ownership, is the future of
Cape Cod Tourism. This new
product will allow people to
buy a high-quality experience
at a fraction of the full price,”
said William Catania, president of Catania Hospitality
Group. Catania said this “100percent fun vacation without
second-home hassles will attract visitors to the Cape who
might have otherwise divided
their vacation time with other
destinations. We will help keep
the Cape competitive with
other international destinations that now offer fractional
ownership.“
“Another advantage to the
Cape is that fractional ownership minimizes the burden of
unoccupied second homes.
Most second homes are only
used five to six weeks per year.
This is a tremendous waste of
land and resources.
“We are also applying for
certification from Leadership
in Energy and Environmental
Design (LEED). This will be
Inside This Week
Up Front
Opinion
Bids for sought for
school bus contract
CHAHEY: In Other Words
The Barnstable School
Department is seeking bids for
a three-year contract for bus
services. The current threeyear contract expires at the end
of this year. __ ___________ A:2
Hyannis chamber
salutes those who
make a difference
In Dublin there’s an old jail that’s
been turned into a museum. The
place is so archetypal that it’s been
used several times as a movie set,
for its dank hallways and big atrium
surrounded by cells. _ _____ A:7
Business
Hands out awards
to collaborators
in protecting
Cape’s waters
By Ellen C. Chahey
[email protected]
‘Fractional’ ownership
comes to Barnstable
Pampered living for the family
of means has come to Hyannis by
way of the Cape Codder Resort
and Spa at Route 132 and Bearses
Way in Hyannis._ _______ A:10
CCC to GIZ, perchance
to stay?
Raider girls harriers
remain undefeated
Arts & Entertainment................... C:12-C:11
Business..................................... A:10&A:11
Editorials.................................................A:6
Events.............................................C:3-C:8
Health Report.........................................B:5
Legals.............................................. B:5-B:7
Main Street.............................................B:8
Obituaries...............................................C:2
Op-Ed................................................... A:7
Patriot Puzzles.......................................A:9
Real Estate...........................................C:10
Religious Services..................................B:4
Weather................................................A:12
8
Sports
The spirits of the Barnstable
boys and girls cross-country
teams remained high as they
padded along the path against
Taunton.__ ______________ B:1
81087 90001
or business associates.
The Cape Codder Resort is
well-positioned for the fractional venture. Owners will
be able to avail themselves of
existing and planned resort
hotel amenities that include
room service, lush gardens, the
Cape’s only indoor waterpark to be enlarged to 30,000
square feet with sandy outdoor
“beach” for sun-bathing; a
new outdoor pool; extensive
game room and fitness center,
a host of children’s program’s,
a library, a billiard room and a
new building that will house,
besides residences, what is
believed to be the Cape’s first
resort-based medical spa, with
Botox treatments and massages among the services there,
according to Rutland.
“If you’re coming down
for the weekend, you can
call ahead to our concierge
services and we’ll do your
grocery shopping so it’s there
when you arrive and engage
a certified baby-sitter if one is
needed,” she said.
MODEL SUITE – Private residences include Drexel furnishings, personal safe, state-of-the-art kitchen with
granite countertops, HD televisions and DVD player, whirlpool bath and steam shower, heated tile floor, personal
computer and printer and wireless service.
Rutland said one wall of
the new waterpark will have
a fishing village façade to add
to the park’s seaside ambience
and that five restaurants will be
strategically placed for convenience.
The residence resort will
also have shuttle service to
shopping areas and beaches.
Rutland expects buyers will
be found in the thriving babyboomer market, corporations,
even some Cape residents who
want a place for guests or who
are selling their home to move
elsewhere but want to stay connected to a piece of Cape Cod.
More information can be found at
www.capecodderclub.com
Association to Preserve Cape Cod marks 40th year
Demonstrating that good
business people are good
citizens, too, the Hyannis Area
Chamber of Commerce handed
out awards at its annual meeting Oct. 8 at the Cape Codder
Resort & Spa._ __________ A:3
About 30 Cape Cod Commission staffers were due in Hyannis
yesterday (Oct. 9) for the landuse agency’s annual retreat. A:5
PAUL GAUVIN PHOTO WATER PARK – Debbie Rutland, sales director, explains enlarged 30,000-square-foot water park at the Cape Codder Resort and Spa at Route 132 and
Bearses Way, Hyannis, that is shared with a fractional ownership project now under way called Cape Cod Residence Club. 4
O
ver 40 years, lots of
relationships develop,
and the Association to
Preserve Cape Cod is no exception. For its fortieth anniversary
annual meeting, APCC honored
the Cape’s legislators and 40
individuals and organizations,
and accepted the highest prize
given by the federal Environ-
mental Protection Agency.
“We’re not a land trust and
we don’t do baby whales,” executive director Maggie Geist
said to open the Oct. 2 meeting at The Resort and Conference Center in Hyannis. “We
do sewage – so what makes us
attract 5,700 members?”
Geist’s answer is water quality.
APCC helped get Cape Cod Bay
designated as a no-discharge
zone for boat waste, and has
raised awareness of threats to
the Cape’s sole-source aquifer.
Lightheartedly, the Association commissioned a series of
cartoon spots featuring “Shelley,” a scallop with an attitude
and “John,” a talking toilet
(“Hey, toilet seats are like bivalves, right?” Geist asked as she
CLAM-OR FOR CHANGE – Jordan Santiago has created two characters who’ll
have a lot to say about wastewater and clean water: “Shelley” and “John.”
made a flapping motion with her
palms). The cartoons, which will
remind people that wastewater
hurts shellfish, will be shown on
local TV and the Association’s
Web site (www.apcc.org).
Geist and longtime APCC
supporter John O’Brien voice
Continued on pagE A:12