Princess Yachts has launched YachtQuarters , a fractional-ownership program. The first model being made available is the Princess 75 Motor Yacht, with a maximum of four owners and a homeport of Port Adriano, Mallorca, in Spain's Balearic Isles.
YachtQuarters involves four-year contracts. Owners can sell their share after two years. After four years, the yacht is sold, and owners have the option of leaving the program or entering into a new contract with a new yacht.
Each 25-percent share in the yacht entitles the owner to eight weeks on board per year, with two weeks during each of the four seasons.
Service, maintenance, crew and other typical needs are managed, with the YachtQuarters team choosing the two crew (captain and chef/stew/deckhand) to work on board.
Which yachts will enter the program next? The YachtQuarters website hints at possible future inclusion of the Princess 88 Motor Yacht, as well as Princess 30M and 35M models.