The 49-residence property will continue to operate as a luxury hotel. It will also provide convenient second home ownership as an alternative to conventional whole ownership with the full flexibility, services and amenities of a fine hotel.
The building is to be refurbished to 33 one-bedroom and 16 two-bedroom residences ranging in size from 710 to 1,108 sf. Ownership prices range from £85,000 ($122,200) to £202,800 ($291,500) per 28-day fractional interest, based on residence type and season.
Nightly accommodations will remain available for rent even after the property is sold-out, as owners exercise their various usage options.
Marriott International has nearly 2,600 operating units in the United States and 64 other countries and territories.
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