For those who find reading about yachts is not enough, and seek a slice of the action, here is news of a new yacht-sharing program that purports to take all the hassle out of ownership.
The British-based builders of Princess Motor Yachts have launched YachtQuarters, a way for yachting wannabes to live the Mediterranean dream on a largish yacht with none of the traditional headaches involved with owning one.
Under a shared acquisition program, every aspect of the yacht’s operation, maintenance and management is looked after by experienced permanent crew, and the professional management team at the world’s largest Princess distributor of over 50 years standing.
The initial launch features a new Princess 75 motor yacht, Maltese-flagged and based at Port Adriano in Palma de Mallorca, just 30 minutes’ drive from the airport. She boasts eight berths in four en-suite cabins, and separate quarters for two or three crew. The YachtQuarters yacht manager will ensure that each owner enjoys a total of eight trouble-free weeks on board during the year; two in summer, four in spring and autumn, and two off-season. This ensures that shareholders get maximum value from their investment.
Outgoings such as servicing, maintenance, repairs, storage etc, are predicated upon costs the previous year, and shared equally between all shareholders. Individuals will be responsible only for their consumables such as food, drinks and fuel. The crew can replace the users’ personal effects and ensure food and drinks preferences are on board prior to arrival. The operating budgets include permanent crew for the yacht and her toys (jet tender, water skis, banana boats, Seabobs, snorkling gear etc), complete management and operation, as well as reserves for unexpected expenses.
The total cost per week is approximately 65% of a corresponding charter of a similar yacht.