The growth of the sharing economy is gradually making inroads in the yachting sector. The newest program to that effect is YachtQuarters. A division of Princess Yachts, this fractional-ownership program has an entry-level megayacht available, a new Princess 75 Motor Yacht.
YachtQuarters limits the yacht to four partners, with the ownership lasting four years. Following that, Princess plans to sell the yacht, and the fractional-ownership structure ends. (Conceivably, if the program catches on, you can then explore other yacht options.) However, recognizing that sometimes owners change their minds, YachtQuarters does permit bowing out after two years. In that case, you’d sell your share.
As a shareholder, YachtQuarters gives you eight weeks onboard. Two come in summertime, while four encompass spring and fall, with the final two available in the off season.
The 75 Motor Yacht that’s available is based in Palma de Mallorca, at Port Adriano. She has four staterooms and a permanent two- to three-person crew. Besides maintaining the yacht, the crew will ensure your favorite linens, decor items, and more are in place prior to you arriving. Of course, this also extends to your food and beverage preferences.
The latter aren’t included in the ownership cost, similar to other programs. Neither is the fuel you consume. However, YachtQuarters does follow some customary fractional practices. For example, and of primary importance, it includes all management, operational, and emergency-maintenance issues. In fact, Princess Motor Yacht Sales, Princess’ largest dealer and service provider, handles these tasks. YachtQuarters further includes the crew’s salaries, along with watertoys, which can range from snorkeling gear to a tender. Furthermore, annual maintenance, storage, and similar outlays are based on the prior year’s expenses, split evenly among all shareholders.
YachtQuarters already has some suggested itineraries. Given the 75 Motor Yacht’s home berth in Spain, the Balearics are easy. You could spend six days alone exploring Menorca, for instance. Alternately, try a nine-day round trip from Mallorca that includes Ibiza, Formentera, and Menorca. Further details are available on request.