Alma Resort. — File Photo

HCM CITY (Biz Hub) — Paradise Bay Resort Company Limited yesterday opened an office in HCM City to popularise the holiday-ownership model in Viet Nam through the Alma Resort it is building in Nha Trang.

Brian Martin, the company's general director, said buyers could stay for one to three weeks every year for 40 years in an apartment at the resort by paying US$10,000-25,000.

In addition, buyers can exchange their holiday ownership with counterparts around the world and enjoy holidays in destinations such as London, New York, Florida, Australia, and Thailand.

Globally, this model has been in vogue for decades, and holiday-home owners participate in a global community and exchange holiday homes. There are more than 5,300 fractional ownership resorts around the world with a total of 497,000 units and 20 million owners. — VNS