SeaNet Fractional Yachts, which for eight years has been operating solely within the United States, is going international. Specifically, its new SeaNet International Fleet Program will have a handful of Benetti Delfino 93 megayachts available in the Caribbean, the Bahamas, Mexico, and the Med.
Michael Costa, president and CEO of SeaNet Fractional Yachts, sees the SeaNet International Fleet Program as a natural complement to SeaNet’s existing programs. He also sees it as a way of filling the gap between megayacht ownership and megayacht chartering. Costa says some former owners who have chosen not to build again yet who still enjoy the lifestyle are sometimes attracted to fractional ownership. He also says some cruisers who infrequently charter are also attracted to it.
In either case, SeaNet International Fleet Program participants get a minimum of 50 days aboard a Benetti Delfino 93. Each megayacht—four are presently under contract, with the first expected for availability next May—is limited to four fractional owners. In addition, owners receive reciprocal rights to the other megayachts in the fleet. For example, if the Delfino 93 that a participant has shares in is heading to the Med and he or she has already cruised there, the owner can opt to use a Delfino 93 in the Pacific Northwest instead. Furthermore, just three of the four owners have usage of the yacht each month, rotating in priority. This way, Costa says, each owner has a chance to book first while another has time away for other leisure pursuits.
Booking is simple. A concierge handles all calls, even suggesting itineraries. Costa says the goal is for shareholders to feel and be treated just like a full owner. Another benefit of the program: Yachtique, a division of Fraser Yachts, is handling yacht-management services.
If you’re not familiar with the Benetti Delfino 93, the megayacht has accommodations for 10 to 12 in the owner’s party. (The larger of the two groups are taken care of via pullmans in two of the four guest staterooms, more suited to children.) Costa says that the first Delfino 93 in the SeaNet International Fleet Program will have more of a beach-house look than the megayacht shown here. However, she’ll have the same open saloon and dining area, plus a sundeck with a hot tub, sunpads, and a bar. Top speed is about 14 knots, according to Benetti.
Shares in the SeaNet International Fleet Program start at €1.735 million (about $2,346 million). Operating expenses are additional.
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