Sanlorenzo announced at the 2013 Miami International Boat Show the launch of Sanlorenzo Shares, a new fractional ownership program for luxury yachts. With this announcement, Sanlorenzo becomes the first yacht manufacturer to offer a fractional ownership program exclusively for boats featuring its brand.
Unveiling the latest editions of its growing line of world-class yachts, Sanlorenzo will be showcasing four bespoke yachts during the 2013 Miami International Boat Show, from February 14th - 18th. The SL72, SL94, SL104 and SD92 Sanlorenzo yachts will be located directly opposite the Fontainebleau Hotel, 4441 Collins Avenue, Miami Beach.
The Sanlorenzo Shares fractional ownership program will launch with the 92-foot SD92, which offers the impeccable and luxurious high-end finishes associated with Sanlorenzo. This custom-crafted luxury yacht features New England-style joinery and a decadent Hamptons-style interior, all executed with unrivalled craftsmanship. The SD92’s four guest cabins, comprised of two masters and two twins, accommodate up to eight guests: One master is located on the main deck offering panoramic views and the second is a full-beam, spacious cabin on the lower deck. The expansive flybridge allows for alfresco dining and comfortable entertaining on the upper deck.
Sanlorenzo Shares offers a cost-effective model that provides owners with all the benefits of owning one of the finest luxury yachts on the market without maintenance worries. Under the program, the SD92 will be sold in five shares for USD $1.6 million each, with each share entitling owners to 6 weeks of use per year. The vessel will summer along the Eastern Seaboard visiting locations such as Martha’s Vineyard, Manhattan, the Hamptons, and other popular destinations between Maine and Annapolis. Winters will be spent in the warm waters of the Caribbean, travelling among its tropical islands including the British Virgin Islands, Turks and Caicos and the Bahamas. Upon acquiring equity in the vessel, owners will pay a monthly maintenance fee of approximately USD $11,000 that will cover maintenance costs such as year-round staffing, management, insurance, transient fuel, docking, repairs and cleaning, making yacht ownership an easy and worry-free experience.
“We felt now was the perfect time to launch Sanlorenzo Shares because there is a significant level of interest in fractional yacht ownership,” says George Jousma, president and CEO of Sanlorenzo of the Americas. “It’s the perfect option between owning a yacht and chartering, and owners can rest easy with a professional staff to maintain the boat in prime condition for use all year round.”
Jousma also confirmed the hire of Philip Burroughs as director to manage all sales and marketing for Sanlorenzo Shares. Burroughs was the first to successfully execute a fractional yacht ownership business over a decade ago and ultimately paved the way for the industry.
“Sanlorenzo has a prestigious reputation as one of the finest manufacturers of custom-designed yachts in the world and I look forward to building Sanlorenzo Shares so more people can experience the craftsmanship and beauty that make these yachts the standard for luxury. Our goal is to make our beautiful yachts accessible, and most importantly, easy to own and maintain for our customers with our impeccably managed program.” commented Burroughs. “We anticipate that the five available shares of SD92 will be purchased soon after launch,” says Jousma. “We look forward to creating other top of the line vessels for fractional ownership through Sanlorenzo Shares.”
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