I think that lots of people would like to live in multiple places around the world. I know I would. That's why when people get rich and have the means, they often start to buy second homes. To that end, here's an interesting concept out of Japan called Not a Hotel.
Their model is fairly simply. What they do is build incredible design-forward vacation homes across Japan and then sell fractional shares, while at the same time offering full concierge and management services.
The typical fraction is for 30 days (1/12th), but if you'd like, you can buy up to the entire year. Ownership gives you access to the property for the amount of days you've purchased, or you can trade your days and stay at other homes within the Not a Hotel network.
On the nights you don't use, the company operates the home like a hotel and the owner gets the benefit of reduced management fees.
Most of their homes are already completely sold out. But 1/12th of this home in Kitakaruizawa is available for US$490,000. And on the other end of the spectrum, 1/36th of this Bjarke Ingels-designed home is available for US$2,460,000.
Here's a video of the home:
Fractional ownership is not a new model, but it is still relatively niche. I also think that the way Not a Hotel is going about it -- with their focus on over-the-top design and architecture -- is pretty unique.
