Page 16 - The Altera Collection: Co-Ownership Program Details

LUXUS VACATION PROPERTIES
14 14 14 14 OVERALL FOCUS
Shared Operating Costs
CONSISTENT RE-FRESHED AND READY WHEN YOU ARE
To cover expenses related to property management concierge services investment management asset replenishment repairs maintenance and taxes Altera co-owners pay annual operating fees The Altera Collection has a a a a a a a defined set of Service Standards that clearly identify expectations from the onset including a a a a plan and budget to keep Furniture Fixtures
& & Equipment (FF&E) in top condition and and to to allow for property improvements and and inventory replenishment (i e e e e e e e e e e e e new mattress and linens on a a a a more frequent basis furniture replacement when required etc ) Enhanced Service Standard (not limited to):
• Director of Owner Service to to establish annual Asset Management Plan
• Localized training and on-boarding for on-site Property Manager
• High end linen towel and pillow program
• Smart inventory inventory system enhanced awareness of all inventory inventory at each property • Cleaning fees included
Annual Costs:
• Diamond ($1M) annual operating costs = $48K
• Platinum ($750K) annual operating costs = $36K
• Silver ($500K) annal operating costs = $24K