Priority Reservation Protocol
Lifestyle Asset Group’s rotating priority reservation system (PRP) allows partners to plan their vacations with as little or as much advance notice as they choose. You can sponsor unaccompanied guests, giving you the flexibility to send family and 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:
- Each partner is assigned a number 1-6, or 1-8, depending on the number of partners and when they first commit to the project. Once assigned a number, the partners will first choose one reservation in the ensuing 12-month calendar in an order from shareholder #1 through #6, then a second reservation in an order of #6 to #1. The order of 1 through 6 and 6 through 1 changes each year with partner 2 advancing to 1 in the second year of the PRP and partner 1 moving to 6 in year two. By rotating the order in the selection process under the PRP, all partners will have years of holding position #1, #2, etc.
- The second reservation protocol is the application of the shareholder’s remaining allocation of weeks following the PRP when each shareholder can evaluate their own timelines and schedules in applying their remaining weeks in their account for additional dates that are attractive to them. There is no formal structure to these reservations and they are all first come-first serve; last minute or well planned.
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 deducting from their allocated weeks. Accordingly, whenever the villa is available and unreserved fourteen (14) days hence, this opportunity for a short notice reservation shall be deemed “Space Available”.
Greetings,