With about seven months to go before its first spec-built power catamaran is ready, Curvelle is offering multiple buyers a chance of megayacht ownership through a program it argues is different than fractional ownership.
Yacht Marketing Limited (YML), the owner of Curvelle, calls it syndicate ownership. YML states that syndicate owners actually gain equity in the 110’6” (33.7-meter) megayacht, called the Curvelle Quaranta. It asserts that this is better than timeshares, where buyers simply gain rental rights. YML also says it’s beter than fractional ownership, where buyers gain shares in the company that operates the program. Also with timeshares and fractional ownership, the buyers are told where the yacht will be available and have a relationship only with the company offering the megayacht. YML says that syndicate owners determine among themselves how the yacht can be used (solely for syndicate use, or a mix of syndicate use and charter). The syndicate owners also primarily relate to one another, with their own yacht-operational and managerial structure. However, the owners can request YML’s services if desired.
Even with YML’s assertions to the contrary, there are similarities. Curvelle’s syndicate owners, like fractional owners, get equal shares in each yacht. YML believes seven syndicate shares are ideal, priced at €1.4 million (about $1.85 million) each, with buyers permitted to acquire more than one share. Further similar, each share permits limited time aboard in the customary cruising locales of the Mediterranean and Caribbean. Specific to this program, each share comes with three weeks in the Med in the summer and two weeks in the Caribbean in the winter. (Other programs vary the time aboard according to ownership structure.) Each Curvelle share also provides partial proceeds from charter revenue when the other shareholders aren’t using the yacht. And finally, a management company oversees and crews the yacht on the owners’ behalf, and all owners share in the running costs.
As for the Curvelle Quaranta, she’s a four-deck megayacht, with a comfortable 29’5” (9-meter) beam. Lila-Lou styled her and provided interior design, with catamaran expert Incat Crowther serving as naval architect. She’s under construction at Logos Marine in Turkey and offers a flexible interior design that should be appealing for potential syndicate owners. Six double staterooms can be converted to three suites, for example, or in a mix of doubles and suites. They can also convert to twin staterooms. In sum, there are about two dozen different configurations available, any of which can be set up with a few hours’ notice to the crew.
Regardless of configuration, all staterooms are on the main deck, where three-foot-high (one-meter-high) windows bring in plenty of light. Furthermore, there’s a platform that can be lowered from the main deck to the water to become the swim platform. Raised, it’s an ideal limo tender boarding area. Guests and the boat are then lowered to the water. When the tender is out, the platform can remain in place to create a beach club. Better yet, the platform can also be used at low docks for wheelchair boarding and disembarking.
For more details about acquiring syndicate ownership in the RINA-classed Curvelle Quaranta, please fill out our contact form.
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