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Seattle Based Global Yacht Club – Revolutionizing Modern Yacht Ownership

Press Release: Global Yacht Club
January 24, 2005
SEATTLE, WA (PRWEB) -- The Global Yacht Club, headquartered in Seattle, Washington at Fisherman’s terminal, which specializes in fractional ownership of sportfishing yachts, sailboats and luxury-yachts, showcased this unique and affordable way to own a boat at the Seattle Boats Afloat Show on Lake Union in the hospitality tent next to Cucina Cucina through the 23rd of January.

Utilizing fractional ownership, potential boat buyers can get a lot more boat for a lot less money and completely remove themselves from the day to day management of the boat they purchase while splitting the hard costs of maintaining that boat with several other owners. The company caters to both experienced yachters as well as the most inexperienced by providing comprehensive training and delivering to each owner, the necessary skills to pilot their yacht in a safe and responsible manner.

The Global Yacht Club provides complete management services for the boat owners throughout the duration of their contract which is typically 5 years. Services include managing the moorage, relocation, insurance, accounting, taxes, scheduling, crew, repairs and any unforeseen issues that may arise. Fractional Owners can also choose to put their share into charter through the company’s charter division and earn a return on their investment.

Organized in multiples of 10% interests, buyers can purchase the yacht of their dreams on a level that best represents their anticipated usage. For example, a 10% fractional interest in a new 28 foot Ciera moored at Lake Union provides an owner 33 guaranteed day’s annual usage for a one time buy-in of $5000.00. The company’s “Anywhere – Anytime” guarantee provides each owner unlimited additional usage on a space availability basis. This includes access to other yachts in other regions worldwide that are under the management of Global Yacht Club.

CEO, Travis Moegling comments; “Our fractional ownership opportunity provides the most common sense way to own a boat, whether it’s a 36 foot sailboat in the San Juans or 130 foot mega-yacht in the Mediterranean. With this option, buyers can buy a lot more boat for a lot less money. National averages show that owners use their boat less than 30 days a year.”

The fractional yacht program is widely appealing to yacht owners whose boat sits idle for the better part of the year. The company provides those owners an opportunity to dilute their costs while still maintaining a fractional share that corresponds to their yachting needs.

The Global Yacht Club is a Seattle based company and a division of Global Shares Inc. which owns several companies specializing in fractional ownership including the Global Residence Club which offers fractional opportunities in luxury real estate worldwide. The Global Yacht Club is dedicated to making boating more fun, accessible and affordable for anyone looking to get out on the water. Other than offering fractional ownership, the Global Yacht Club operates charter services and boutique yacht brokerage services.

For more information, please refer to the company website at www.theglobalyachtclub.com phone 877-624-2345 or e-mail yacht@global-shares.com

Source: Global Yacht Club