The Freedom of Flexibility
Lifestyle Asset Group’s rotating priority reservation protocol (PRP) allows shareholders to plan their vacations with as little or as much advanced notice as they choose. Travel points can also be used to sponsor unaccompanied guests, giving you the flexibility to send family & friends on amazing vacations, use them as a reward for a high-performing employee, or as a donation to your favorite charity.
Reservations are made two ways:
(1) Each shareholder is assigned a number 1-6. Once assigned a number, shareholders will first choose one week-long reservation in the ensuing 12-month calendar in an order from Shareholder #1 through 6, then a second week-long reservation in an order of #6 to #1.
The order of 1 through 6, and 6 through 1, changes each year with shareholder 2 advancing to 1 in the second year of the PRP and shareholder 1 moving to 6 in year two. By rotating the order in the selection process under the PRP, all shareholders will have years of holding position #1, #2, etc.
At the conclusion of this PRP process, there is a total of 12 weeks out of 52 available weeks in the calendar.
Half share investors are assigned a number 1 – 6 with the added layer of an “A” or “B” status. For example, shareholder #2 (A) will choose their first week as described above on Year 1, and then shareholder #2 (B) will select their first week in Year 2. Half shares only select one week in the PRP process and the remaining week as described below:
(2) The second reservation protocol is the application of the shareholder’s remaining travel points, following the PRP, when each shareholder can evaluate their own timelines and schedules in applying their remaining points. There is no formal structure for these remaining reservations. After the 12 weeks are confirmed in the PRP, the calendar is published online and reservations are all first come-first serve by all shareholders.
“Space Available” Reservations
There will be periods during the year when the property will be unreserved and available and shareholders are welcome to reserve the home on short notice without having to apply travel points. Accordingly, whenever the residence is available and unreserved twenty one (21) days hence, this opportunity for a short notice reservation shall be deemed “Space Available”.
Greetings,