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Posted almost 14 years ago

MGM Signature Towers is Offering Fractional Ownership Opportunities

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Many of my regular readers know that I have been covering the MGM Signature Towers property for a few years now.  I have watched as the project was built and the new units sold for between $480K and over $1 million.  I covered the decline of unit values as the bubble burst and prices plummeted to 30% of their original highs.  Now, I am excited to offer a first-ever opportunity for the MGM Signature...fractional ownership.

Many of my clients have expressed to me their desire to enjoy the privileges of MGM Signature ownership but have not wanted to pay the $150,000 + price tag (in cash) necessary to acquire a strip-side, balcony unit at today’s new, low prices.  In response to this demand, Greg Darroch and I have developed a fractional ownership plan that allows participants to control 30 days (one full month) of ownership in an MGM Signature, strip-side, balcony unit for only $17,995.  During the 30 days of owner time, owners can stay at the property themselves, have friends and family come to visit, use the property to entertain business associates, or keep the unit in the rental program and earn nightly income.

We currently have available two side-by-side, connecting studio (junior suite) units, each with a strip side view and a balcony.  There are a total of 24 fractional ownership shares available, as we will have 12 ownership shares per unit.  Those who are interested can also purchase one share of each unit.  Those who choose to do this, will be allowed to secure the same time blocks on both units so that they can use them together when they visit.  Each studio unit sleeps 4 people, so having two connecting units provides a sleeping capacity of 8.

We are currently taking reservations for shares of these units.  If you are interested, please contact Glenn Plantone for more information.

Glenn Plantone
Wynn Realty Group
Office: (702) 656-3264
Mobile: (702) 769-9872
Email: [email protected]

www.viewpointequity.com

Comments (1)

  1. What kind of rental income could a fractional owner realistically expect if he were to rent out all 30 days?