Please select your home edition
Edition
Maritimo S Series

Superyacht Holdings' disruptive shared ownership program for 279' Victorious

by Superyacht Holdings 7 Jan 2024 04:24 PST
279' Victorious © Superyacht Holdings
279' Victorious - Upper Deck Jacuzzi ©Superyacht Holdings
previous next
  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15

At the Monaco Yacht Show, Superyacht Holdings announced a pioneering, first-of-its-kind program for the yacht industry which allows owners to enjoy the superyacht lifestyle and its perks without the commitment, hassle and expense of full ownership.

"A stay aboard can be compared to a luxury boutique hotel at sea, among members of the most exclusive private club in the world," said Thomas Locastro, co-founder of Superyacht Holdings.

Each unit of ownership grants an average of five weeks of use per year on an expansive Mediterranean and Caribbean itinerary. Superyacht Holdings is launching their application for ownership with several notable individuals already purchasing units in "Victorious," a stunning 2021 new build 279-foot superyacht worth €110 million.

Currently, Victorious charters to customers for a total cost of roughly €1.2 million per week.

"Superyacht Holdings is the only company of its kind that makes both financial and operational sense." James St. John, the first successful president and CEO of The World

By contrast, through Superyacht Holdings' program, owners purchase an equity interest in Victorious for €3 million, then pay annual dues of €300,000, which covers all expenses and gratuities.

"This is not a time share," said cofounder Mathew Locastro. "Owners will enjoy true equity ownership that can be sold at any time. They have flexibility in how many staterooms they book, their duration of time, and the dates they select to stay aboard Victorious."

The management team brings extensive industry experience and a proven track record of success across the luxury hospitality industry. Team members were hand-picked from the shared residential vessel The World, charter superyachts, and internationally-acclaimed boutique hotels.

While shared usage co-ownership is new to yachting, it has its roots in The World Residences at Sea. The Superyacht Holdings management team boasts 17 years of experience as senior executives at The World, currently the world's largest privatelyowned residential vessel.

"After being approached by and working with some of the most notable maritime projects in this space, this is the first company I have decided to put my name on since leaving The World," said James St. John, the first successful president & CEO of The World. "It is the only company of its kind that makes both financial and operational sense."

Victorious' awards and amenities include:

  • "Best of the Best" award (2022)
  • YachtCharterFleet ranked Victorious first in its list of top 10 superyacht beach clubs (2023)
  • 6 bars, piano lounge, movie theater, fireplace lounge, two Jacuzzis and a helipad
  • Ocean lounge including beach club, heated pool, steam room, massage room, gym, beauty salon, and foldout balconies
  • Tenders, jet skis, and a wide range of water toys

Superyacht Holdings has announced a partnership with the Association for Corporate Growth. Together they will host bespoke family office and private equity events. Bank of America Private Bank is Superyacht Holdings' preferred lending partner.

All existing and future charter bookings will be honored when the yacht transitions from charter to program launch after the yacht is acquired by the co-ownership group. "Superyacht Holdings will disrupt the industry by selling the world's largest superyachts to a much wider segment of the market," said Vural Ak, who owns AKYACHT and Victorious.

The highest quality interactive virtual tour ever created for a yacht is available here.

To learn more, visit superyachtholdings.com/overview

Related Articles

Silent Yachts launch solar-electric SY80 catamaran
Ready for its world debut at the Cannes Yachting Festival 2025 Silent Yachts has completed its most complex project to date. The Italian builder's first SY80 solar-electric catamaran has been launched and is preparing for its world debut at the upcoming Cannes Yachting Festival 2025 (9-14 September). Posted on 9 Jul
New Online BoatUS Foundation Course
Taking on Biggest Cause of Accidents: Distracted Boating A quick look at the annual U.S. Coast Guard recreational boating accident statistics shows “operator inattention” and “improper lookout” to be perennial placeholders in the top five primary contributing factors in boating accidents. Posted on 8 Jul
VISIONF Yachts unveils Superfast 46
A new speedboat with 80 knots max speed VISIONF Yachts, renowned for its cutting-edge luxury power catamarans, has revealed the latest jewel in its performance portfolio — the VISIONF Superfast 46, a 14-meter, high-speed masterpiece capable of reaching a staggering 80 knots. Posted on 7 Jul
Inside Maritimo Newsletter - Take a Virtual Tour
Experience the unparalleled craftsmanship and innovative design that define Maritimo Take a moment to indulge in our immersive virtual tours, available through the form link below. Experience the unparalleled craftsmanship and innovative design that define Maritimo, all from the comfort of your own home. Posted on 4 Jul
Baglietto launch first DOM115 Superyacht
A 35-meter masterpiece by Stefano Vafiadis with interiors by Baglietto design team The first unit of the DOM115, the entry-level model of the line designed by Stefano Vafiadis, was officially launched in recent days. Posted on 3 Jul
Grand Trawler 63
A new benchmark in elegant voyaging With the launch of the Grand Trawler 63, BENETEAU sets a new benchmark in long-distance luxury cruising. Posted on 3 Jul
Palm Beach GT60 Jet Drive
A head-turning vision that sets a new standard in customization It's a question often asked by outsiders looking at Palm Beach Motor Yacht's vibrant new product introductions and development pipeline: What was the genesis for this particular design? Posted on 2 Jul
The new Beneteau Swift Trawler 37
The latest family cruiser from the world's leading marine brand The eye-catching new arrival in the fleet of BENETEAU's modern passagemakers is the Swift Trawler 37. The latest family cruiser from the world's leading marine brand replaces the Swift Trawler 35, balancing enhanced design and comfort on board. Posted on 2 Jul
Marine Auctions: Special July Online Auction
The bidding will end on Tuesday 22 July at 2pm AEST The alternative way of selling any type of vessel or marine asset with proven and successful results. Posted on 2 Jul
One thing. One big, very fast boat
One thing that opened the door, another made us enquire some more - 50 knots! Yes. It was one thing that opened the door, as it were. One thing that piqued the curiosity enough to go, ‘I'll take a look at that!' One thing that when you're trying to crack in excess of 50 knots... Posted on 30 Jun
Palm Beach Motor YachtsMaritimo M75