Synchrony Fractional Yacht Ownership

Another fractional yacht ownership company, Synchrony Yachts has launched. Synchrony's first yacht is a 120-foot Benetti Classic 120 which sleeps 10 in five staterooms with room for six or seven crew members. The yacht has exterior styling by Italian designer Stefano Righini and an interior designed by the French architect Francois Zuretti and offers a large main saloon, formal bar, an upper deck with a saloon area, outside deck area for alfresco dining and a sun deck with Jacuzzi and bar. The yacht comes fully loaded with the requisite water toys including a jet ski and a pair of wave runners as well as a well-trained crew.

Synchrony offers six week shares which start at $4.8 million. Each owner receives a quarter share in the yacht but can also use any other yacht in the Synchrony fleet and trips can be arranged for both long and short durations. The syndicated ownership term is five years from the yacht launch date and the yacht will be put up for sale at the end of the term. The company promises that each owner is protected against credit risk, default of any other owners or even the insolvency of Synchrony (all of which could be a concern in these uncertain times).

[via Forbes Life]