Luxury Yacht Share Asia (LYSA) introduces fractional ownership to Asia
by LYSA on 7 Apr 2014
Launching this yachting season, LYSA (Luxury Yacht Share Asia) is a brand new concept for Hong Kong, developed by yacht charter pioneers Riviera Orientale - Yachting Society.
Numarine 78HT. One of LYSA’s fleet of charter/fractional ownership yachts. LYSA
The innovative LYSA fractional programme allows four buyers to purchase a quarter share of a luxury yacht, allowing each buyer to enjoy the pride of ownership and up to 46 days of quality time out on the water via a seamless concierge booking service for a fraction of the cost of traditional ownership.
Although new to Hong Kong, the ground-breaking fractional program has fast grown in popularity in USA and Europe, proving to be a successful formula for providing an excellent boating experience with none of the time-consuming concerns.
The LYSA fractional program is not only simple, it also makes sense, highlighting three key advantages over a full yacht purchase:
• The ownership of a luxury vessel is equally shared among four shareholders
• The acquisition cost is leveraged through a loan provided by the yacht supplier
• Owners receive charter income out of unused time
Offering owners all the enjoyment of owning a yacht with none of the usual responsibilities (such as crew recruitment, boat maintenance, scheduling, mooring booking etc.), Riviera Orientale – Yachting Society creates an all-inclusive, turnkey experience, taking the hassle out of the joy of owning and cruising a luxury yacht.
Riviera Orientale provides all owners with a transparent monthly statement summary:
• Yacht owner usage during the month
• Charter income received during the month
• Operating costs per month: operating costs may include variable costs (maintenance and repairs), fixed costs (crewing/mooring/insurance) and individual costs (F&B and individual owner fuel consumption).
Each quarter-share owner is offered up to 46 days of usage per year, compared with an average usage of a yacht owner in Hong Kong of just six days per year. Therefore each owner enjoys eight times more time on the yacht while incurring only a quarter of the cost. Isn’t that the smartest way to co-own a luxury vessel?
Come and check out the kind of luxury yacht you could co-own at On Water Open Days, Asia’s first fractional yacht show, where 15 luxury yachts will be displayed in Hong Kong’s Repulse Bay. Held on April 26th - 27th, Riviera Orientale – Yachting Society has partnered up with luxury brands Auto Italia and Roberto Cavalli to provide a unique luxury brand experience for all the family.
This event is by invitation only and interested parties should contact Mr Julien Angevin at email@example.com to confirm their attendance.
For more information on Riviera Orientale – Yachting Society, go to www.rivieraorientale.com or contact +852 26777791.
If you want to link to this article then please use this URL: www.marinebusinessworld.com/120850