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Monocle Yachts expands fractional yacht and megayacht ownership operations to the Caribbean, Latin A

Miami, Fl - April 28, 2006 - Monocle Yachts, the worldwide leader in fractional ownership of yachts, megayachts and superyachts, has expanded its sales and marketing activities to the Caribbean, Latin America, Spain and Portugal.

Fractional ownership of luxurious yachts, megayachts and super yachts similar to the fractional 'craze' is sweeping the country with fractional ownership of jets, luxury resorts, cruise ships, luxury and collector automobiles and even luxury RVs. By purchasing a 'fraction' of the fully crewed yacht, owners are paying only for the time they use rather than paying anywhere from $3 to $25 million - and higher - to own a yacht full time.

"Studies have shown that many yacht owners, for the most part, only use their boat 30 to 45 days a year," said Ray G. Knight, president of RaynMaker, Inc, the Miami-based outsource sales organization that is launching sales for Monocle Yachts in South Florida in both the English, Hispanic and Portuguese speaking markets. "Why allocate financial resources to own a yacht full time if you only use it occasionally? With fractional ownership, you can still be a yacht 'owner' but pay only for the amount of time you need."

Monocle Yachts, with more than 40 vessels under management, offers fractional interests in vessels ranging from 68 to 215 feet. The firm is headed by Dr. Loren Simkowitz, an asset management expert with more than 35 years of experience. The company is the acknowledged world leader in fractional yacht ownership.

"From a financial viewpoint, fractional ownership makes perfect sense for a luxury product such as this. Along with the benefits of shared ownership and the Monocle Management exchange program, the opportunity exists to offset acquisition costs through income derived from charters. The exposure we have received in various national and international publications and the validation of our efforts over the last few years in acquiring and serving owners makes this the ideal time to expand our multi-cultural and multi-lingual reach through our strategic relationship with RaynMaker, affirmed Dr. Simkowitz."

According to Knight, whose family were pioneers in the worldwide vacation ownership industry in the late 1970s as founders of Miami-based Interval International-now part of the Interactive Corporation (IAC) group of companies-prices for a 1/4 share (four weeks) of a megayacht ranges from $130k to $6 million. The fleet rotates among popular vacation destinations such as the Caribbean, Florida, Hawaii, Mediterranean and northeast US depending on owner's preferences and seasonality.

In addition to sales and marketing in Miami, RaynMaker will also market the fractional yacht ownership concept throughout an agent network in the Caribbean, Latin America, Spain and Portugal.

"This is an excellent product for upscale families in Latin America and southern Europe," said Knight "Most of the people we will be appealing to can afford to purchase a yacht like this outright. But from a practical standpoint, they don't want to be worried about yacht maintenance and upkeep. The Monocle fractional program takes care of all that." Owners step aboard their yacht, enjoy being pampered by a full crew, have fun with all the jet-skis, aqua bikes and tenders and then just say good-bye, step off and return home without any worry or hassles about management and maintenance of their luxury asset. What could be simpler and smarter than that?"

For further information about the Monocle Fractional Yacht Ownership Program or to tour one of the megayachts, contact RaynMaker, Inc. at (305) 975 4126 or email This e-mail address is being protected from spambots. You need JavaScript enabled to view it