interval ownership

interval ownership

Also called time-share ownership, in which a person shares ownership of property but is entitled to exclusive possession only for a particular time period each year.

References in periodicals archive ?
Interval ownership units, sometimes called shared-ownership or time-sharing condominiums, also are included here.
Starwood Hotels also owns Starwood Vacation Ownership, Inc., one of the premier developers and operators of high quality vacation interval ownership resorts.
Pons brings substantial domestic and international experience, and specializes in advising a variety of hospitality properties including hotels, mixed-use resort developments, hotel condominiums, interval ownership, all-inclusive resorts, and marinas.
Regis, The Luxury Collection, Sheraton, Westin, Four Points by Sheraton, W brands, as well as Starwood Vacation Ownership, Inc., one of the premier developers and operators of high quality vacation interval ownership resorts.
Through his ski school, called Bumps for Boomers, Nevin has won over skiers such as Jeff Adler, president and co-CEO of Starwood Vacation Ownership, the parent company of the Sheraton and Westin vacation interval ownership companies.
Plus, vacation ownership, interval ownership, and vacation clubs have gained importance in the vacation market.
Under this new form, known as interval ownership, a buyer acquires a recurring or revolving estate for years.