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One of Portugal's largest Tourism & Leisure Groups Wins Award

Published on 2nd May, 2012

The Pestana Group was once again the recipient of one of the real estate industry’s most prestigious accolades, the Fractional Award. The company was cited as “a very accomplished real estate and hospitality all-rounder, with quality of service and fairly priced product at the core of everything it does” – truly, an honor for the company known for its excellent properties in the Algarve Region in Portugal, among other locales.

Peter Statham, Sales and Marketing Director of the Pestana Golf Resorts and who accepted the award in behalf of the Pestana Group, said: “Pestana Golf Resorts are proud to have achieved such an honour and are pleased that a panel of worldwide fractional property experts decided that Pestana offers an innovative and excellent fractional system.”

The Fractional Life Awards were presented during the 2012 Fractional Summit held on 27-28 February 2012 at the Marriot London, Grosvenor Square. The awarding ceremony was made in the presence of 300 leading professionals of the hospitality and real estate industries.

Said award was launched in 2009 with the aim of promoting the fractional system and the establishments that offer it. The fractional system allows corporations and individuals to purchase a fraction of the property, which is in contrast with timeshare where only the time spent on the property is purchased but not the property itself.

Companies like the Pestana Group that have been awarded the Fractional Award have the opportunity to use the logo on all marketing collateral with the obvious aim of promoting their products and services. The award winner’s logo serves as an assurance that the company offers the best in fractional property ownership – a seal of approval, if you may.

In the case of the Pestana Group, the Fractional Award was a seal of excellence in the company’s ability to source out the best properties for fractional ownership in the Algarve Region. The four-owner share option offered by the real estate group allows an individual to purchase a one-fourth share that, in turn, provides for the right to share in one-fourth of the usage time and the responsibility to share in one-fourth of the costs for said property.

At present, the Pestana Group offers properties for fractional ownership in the Gramacho and Pinta Golf Resorts. Prices start at just €45,000 so each quarter of ownership requires a minimum of €11,250 exclusive of taxes and other incidental costs.

Published in: News and Updates