47 Park Street in Mayfair is Europe's first urban fractional ownership offering. Purchasers become 'members' and have all the benefits associated with membership of a club plus the services of a 5-star hotel. The team of concierges ensure that your every whim is looked after, whether it be sourcing a particular breed of dog that you saw on your visit to London or suggesting the perfect day out when you extend your stay over the weekend. 47 Park Street's member benefits extend to membership of the Royal Opera House, The Paisley Tyler Business Club in Berkeley Square which provides meeting rooms, conference facilities, multi-lingual secretarial support, The London Golf Club, The Health Club at the Marriott Park Lane and privileged access to Spa Illuminata.

Fractional Membership of a one or two-bedroom residence with all the comforts of a world-class five-star hotel costs from £106,000 for at least 21 nights per year with average annual dues of £5,050 and with a lease until 2050.

Membership to 47 Park Street is in fact a portal to Ritz Carlton Hotels around the world. Members can exchange unused days at their city Mayfair pad for time skiing in Colorado; an exotic holiday in St Thomas, US Virgin Islands; a base in Santiago, Chile; a visit to New Orleans for the Jazz Festival, and Dubai, Singapore and Japan to name a few.

According to an Ad in the FT pricing is:

- One bedroom from GBP 111,000
- Two bedroom from GBP 209,000


Sizes range from 549 sqft to 1,023 sqft

47 Park Street has been running regular 1/4 page ads in the weekend FT for several weeks.

47 Park Street made a key staff change in february this year:

"Grand Residences by Marriott is pleased to announce the appointment of Jennifer Massey as project director of this prestigious fractional membership residence in Mayfair. In her new role, Massey will oversee the sales and marketing activity for the property."

"We are delighted to have Jennifer at the helm of 47 Park Street,” said Maurizio Bisicky, regional vice president of marketing operations for Marriott in Europe and the Middle-East. “Her experience in building powerful teams combined with an abundant energy and enthusiasm will be a great asset to the 47 Park Street team."

"Jennifer Massey succeeds Paul Reynolds."


ABOUT 47 PARK STREET
47 Park Street – Grand Residences by Marriott is located in the heart of London’s prestigious Mayfair district. Introduced in April 2003, 47 Park Street is London’s first urban fractional membership, luxury real estate offering. Designed for those who travel frequently to the same destination, the residence offers companies and business travelers significant financial advantage over luxury hotel suite accommodations as well as providing an alternative to second home ownership, coupled with extensive Member benefits to some of London’s most prestigious clubs and venues. 47 Park Street offers memberships for 21-day fractional interests and a variety of flexible usage options.

47 Park Street comprises 49 spacious one- and two-bedroom residences ranging from 549 to 1023 square feet. The Edwardian townhouse was refurbished in Neo-classical and Regency styles, with each residence having a fully-equipped kitchen and separate living / dining room with full entertainment system. Wi-Fi accessibility is available in all residences including the members’ lounge. Fractional memberships of a one- or two-bedroom residence range from £111,000 to £260,000 for 21 nights per year until 2050.