AvYachts has entered into an alliance with Elite Alliance. AvYachts has a fractional yacht ownership business model that sells shares in a yacht to individuals for six weeks of the year. Elite Alliance exchanges services for luxurious vacation homes.
According to the agreement, AvYachts owners can exchange a week of their yacht for three weeks at a Luxury Elite Alliance property. Elite Alliance members will also have access to AvYachts' vessels.
The AvYachts fleet includes crewed Westport 112, 130 or 164 superyachts. The yachts are based in South Florida, the Bahamas, the British Virgin Islands and New England, with planning for European and other global destinations under way.
“We are committed to providing our owners with maximum flexibility in how they spend their time with us,” said Kathy Kennedy, AvYachts’ chief operating officer, in a statement. “AvYachts is transforming the yachting industry, opening up a world that many never thought possible for themselves and their families, at a cost far less than owning a yacht outright.”