Times of the Islands Fall 2016

Long Bay Beach Club (LBBC) is an enclave of three
private, beachfront luxury villas that are sold under
fractional ownership. This concept has been very popular
in North America for some time. Vacation home
buyers can purchase a 10% registered ownership in
one of the beachfront villas. Fractional club membership
offers use of a spectacular, multi-million dollar
property for no less than five weeks a year, along with
additional usage when space is available.
This is a “win-win” opportunity for several reasons.
Owners are guaranteed over a month in paradise every
year, for a price tag that is commonly less than what
they would spend on a single trip! It is also a chance
to “test the waters” of future property ownership in
the Islands at a reasonable entry level price, without
having to make a big investment in a vacation property
or deal with pesky maintenance issues.
Buyers at Long Bay Beach Club automatically
become part of Elite Alliance®, an exchange program
offering a select family of prestigious residence clubs
and luxurious, professionally managed vacation homes
worldwide. Through a simple exchange process, LBBC
members can contribute their unused weeks into a key
that unlocks the door to seamless travel adventures—
ski trips, golf getaways, beach escapes, and much
more—at a growing array of coveted destinations.
Members at Long Bay Beach Club can also decide
to contribute some of their weeks to the Club’s professional
property management company and enjoy
rental income in lieu of personal or family use. The
Club is designed to provide the ultimate level of member
flexibility.
LBBC Development is led by Tom Cibotti and Ben
Dunn, business partners for over 20 years in a Bostonbased
corporate advisory firm. Interestingly, Ben’s
family roots include some of the earliest Bermudians
who came to Salt Cay in the 1700s to harvest and
export salt at the legendary White House. For over a
decade, Tom has been on the board and is currently
president of a five-star residence club located in Deer
Valley, Utah, considered by many as the most exclusive
ski resort in North America.
Tom explains the pair’s decision to introduce fractional
club ownership to Providenciales, “Second home
vacation owners find themselves making significant
investments into whole ownership properties to which
their level of use is not commensurate. Fractional
club ownership aligns capital investment with vacation
use.” He adds, “We wanted to eliminate all the
worries of owning vacation properties, particularly
outside of the US. Our goal in developing Long Bay
Beach Club was to deliver the highest quality service
Long Bay Beach Club homes enjoy 160 feet of private beach frontage on the western end of Long Bay Beach in a quiet residential neighborhood
noted for its luxury estates.
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