Fractional Ownership

Fractional ownership of luxury real estate (frequently referred to as Private Residence Clubs or Equity Residence Clubs) was founded by Elite Alliance in the early 1990s at The Deer Valley Club, in U.S.’s #1 rated ski destinations, Deer Valley Utah.

Because most vacationing families only used their mountain homes for a few weeks during the ski season, the high cost of real estate ownership compared to the amount of personal use was difficult to justify. This made ski resorts the ideal locales to launch the fractional ownership concept, and such was born the Equity Residence Club concept.

Soon after, Elite Alliance created the 1st ever urban Residence Club,  the 1st ever Residence Club in Bermuda, the 1st in Mexico and the 1st in Europe. When vacation homeowners realized there was an alternative to whole ownership, Fractional Clubs became popular throughout the world.

Benefits of Fractional Ownership

Quinta Tenerías Residence Club owners enjoy the following benefits during each of their worry-free vacations:

  • Elegant Residences – Owners select from two categories of luxurious, two-bedroom residences – either the 1,450-sq.-foot Luxe Residences or the 1,980-sq- foot Grand Residences. All the Quinta Tenerías homes are fully furnished and meticulously appointed in distinctly different but equally appealing designs.
  • Rooftop & Lifestyle Amenities – In addition to the beautiful residences, Quinta Tenerías offers the following:
    • Rooftop terrace with cocktail lounge, jacuzzi, private lounge spaces and fire pits
    • Lush gardens and fountains within the Club courtyards
    • Multi-use spaces for fitness and yoga classes
    • Barbecue and outdoor kitchen area
  • Clothing and Equipment Storage — Residence Club owners are freed from the burden of transporting specialty clothing, sports equipment, and other personal items. They will be stored in a secure area and placed in your Club Residence just prior to your next hassle-free vacation.
  • Club Concierge — Call for updates on weather conditions and special events. Your Club concierge will coordinate your dining reservations, arrange spa services, reserve lifestyle activities, and satisfy any other special needs.
  • Pre-Arrival Grocery Shopping Service — At your request and for a service fee, your favorite foods and beverages will be placed in your residence kitchen just prior to your arrival.
  • Housekeeping – The Club housekeeping staff makes sure your Club Residence is immaculate when you arrive, stays neat and comfortable while you are vacationing, and is ready for the next arriving owner after you depart.
  • Bell Service – A bellman will assist with your luggage upon arrival and departure and valet your vehicle.
  • Private Staff — Your professional, friendly, attentive Club staff ensures that every vacation is fun-filled and worry-free.

Own a piece of Quinta Tenerías

Own a piece of
Quinta Tenerías

Be a proud owner of Mexico´s 1st ever city Equity Residence Club, in beautiful San Miguel de Allende.

5 Luxury residences

8 Owners per residence

Unlimited Flexible usage

Frequently Asked Questions

Quinta Tenerías is an equity residence club providing fractional real estate ownership in the heart of downtown San Miguel de Allende.  Each residence boasts modern architecture and is fully furnished and accessorized. The spacious club homes feature all five elements of Feng Shui.

Such as wood and stone floors to interconnect outdoor spaces with interior areas, water fountains to promote positive energy (CH’I), fireplaces to represent the fire element for success, and metal elements associated with the qualities of pleasure and creativity. Every aspect is intended to create comfort, safety, and harmony throughout the Club. There are eight owners per residence, and each enjoys frequent and flexible enjoyment of their elegant homes throughout the year. Your Club staff ensures worry-free ownership and hassle- free vacations.

Yes. Ownership is evidenced by a real estate deed recorded at the Property Public Registry. Each owner is conveyed a one-eighth, debt-free, undivided deeded interest in one of the Club’s fully furnished residences.

Yes. Individuals can form legal entities to control an ownership. It will be up to the joint owners to allocate lodging for that ownership in compliance with the Club’s reservations policies.

Yes. This ownership concept was introduced more than 30 years ago and has been enthusiastically embraced by affluent buyers at premier resorts such as: Aspen, Vail, Telluride, and Steamboat Springs, Colorado; Deer Valley, Utah; Palm Springs, Napa Valley and Lake Tahoe, California; Hawaii; Tucker’s Town and Southampton, Bermuda; Los Cabos, Punta Mita, and Huatulco, Mexico. There are also residence clubs in Manhattan and Florence, Italy. Each of these residence clubs is owned and operated like Quinta Tenerias.

Residence clubs combine the benefits of vacation home ownership with the services of a luxury resort. Club Tenerías provides owners with generous and flexible vacation use, removes the worries and responsibilities typically associated with absentee ownership, and dramatically reduces the financial burden.

As often as you wish, subject only to the Club’s reservation policies. Owners have the flexibility of reserving Planned Vacations well in advance and visiting on a space-available basis. Each year, owners may reserve 21 days of Planned Vacations in advance of the Club Year. This leaves abundant occupancy for space available vacations throughout the year. If every owner uses their reservation privileges equally each will enjoy a minimum of six weeks annually. However, there is no limit on use. If some owners visit their club less, others can visit more.

No. Timeshare is the right to use only a specific week or a certain number of points. Although appropriate for a segment of the market, timeshare is essentially the pre-purchase of vacations with little or no residual value. Quinta Tenerias owners receive real estate ownership and have access to all Club residences within their ownership category – either Luxe or Grand - with the right to use anytime, subject to the reservation policies.

The Club is designed to equitably allocate vacations when demand for lodging may exceed supply. A rotating priority system ® ensures all owners will have equal access to high-demand dates over the years. This system has proved fair and equitable for more than three decades.

No. To provide the greatest flexibility and availability, owners have equal access to all Club residences within their residence category. Requests for specific homes will be granted when possible.

Yes. This is a unique and highly valued feature of residence club ownership. Because the Club owners are not restricted to a particular residence, they can reserve more than one residence within their residence category at any given time if sufficient residences are available. This is an ownership benefit allows residence club owners to host family reunions, a gathering of friends, or corporate retreats.

Yes. Owners may invite guests to stay with them during their Club vacations and they also may invite unaccompanied guests to use any of their confirmed Club vacations without a guest fee.

Yes. Owners will be able to rent confirmed Planned Vacations and Space Available Vacations through Elite Alliance Hospitality, the Club’s management company.

Yes. The annual fees pay for the professional management and operation of all Club residences and common areas. Included in these annual fees are funds for staff salaries, supplies, maintenance, trash removal, legal/accounting, utilities, transportation, management fee, property taxes, master association fees, and reserves for scheduled maintenance and replacement of furnishings and appliances. Each owner’s annual fees are a fraction of the all-in annual costs associated with sole ownership of a luxury vacation home.

Yes. A housekeeping fee is charged to keep your residence clean and welcoming during each day of your vacation and to prepare it for the next arriving owner.

An owner-elected group of representatives establishes and votes to ratify budgets and fees on an annual basis.

Yes. Like any other form of real estate, a Quinta Tenerias ownership interest can be sold or transferred by the owner, or sold by a licensed real estate agent, subject to the club documents.

Quinta Tenerías is an equity residence club providing fractional real estate ownership in the heart of downtown San Miguel de Allende.  Each residence boasts modern architecture and is fully furnished and accessorized. The spacious club homes feature all five elements of Feng Shui.

Such as wood and stone floors to interconnect outdoor spaces with interior areas, water fountains to promote positive energy (CH’I), fireplaces to represent the fire element for success, and metal elements associated with the qualities of pleasure and creativity. Every aspect is intended to create comfort, safety, and harmony throughout the Club. There are eight owners per residence, and each enjoys frequent and flexible enjoyment of their elegant homes throughout the year. Your Club staff ensures worry-free ownership and hassle- free vacations.

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Tenerías No. 19, Colonia Centro, 37700,
San Miguel de Allende, Guanajuato, México

info@quintatenerias.com

Telephone
+1 (214) 396 9385 US
+52 (415) 100 1817 MX

© 2021 copyright Quinta Tenerías | All rights reserved

© 2021 copyright Quinta Tenerías | All rights reserved