The Reserve Collection, Fractional Real Estate For Wine Lovers
Filed under: Wine, Real Estate Developments
A new private residence club has chosen a vineyard in the Okanagan valley region of British Columbia as their first offering. Bellstar Hotels & Resorts and Olympus Resorts are creating The Reserve Collection, a club that will offer fractional ownership opportunities in vineyard locations around the world. The Calgary Herald reports that the exact spot hasn't been chosen yet but that the company is looking for a place in the south part of the valley, especially wineries in Okanagan Falls, Oliver, Penticton, Naramata, the Similkameen Valley and Osoyoos.
Other potential vineyard destinations for the club may include Argentina, New Zealand, Europe, California, Oregon and Washington. Owners will also become members of the Vintners Club which will include access to wine and food-related events such as winemakers dinners, members-only barrel tastings, viticulture, activities and culinary programs. They can participate in the winemaking process, assisting the vineyard crew in tending, pruning, picking and crushing. Cost of membership ranges from $200,000 to $1 million, plus annual homeowner association fees of $5,000 to $15,000.
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