Draft:Ember Home
| Submission declined on 19 March 2024 by Theroadislong (talk). This submission appears to read more like an advertisement than an entry in an encyclopedia. Encyclopedia articles need to be written from a neutral point of view, and should refer to a range of independent, reliable, published sources, not just to materials produced by the creator of the subject being discussed. This is important so that the article can meet Wikipedia's verifiability policy and the notability of the subject can be established. If you still feel that this subject is worthy of inclusion in Wikipedia, please rewrite your submission to comply with these policies.
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Comment: Please note that press releases are not reliable independent sources and the draft still reads as blatant advertising , Wikipedia has no interest in promoting your business. Theroadislong (talk) 22:08, 19 March 2024 (UTC)
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Ember is an American hospitality company that acquires or builds co-ownership vacation homes for 1/8th to 1/2 shares per owner.[1] The Ember co-ownership model allows buyers to share the expenses and benefits of vacation home ownership. This model is part of a broader movement in real estate known as fractional ownership, where multiple buyers collectively own a property through a limited liability company. [2]
Ember was founded by Kurt Avarell and James Sukhan in 2021. The company is headquartered in Utah, and has co-ownership properties in multiple American states.[1]
History[edit]
Ember was founded in 2021 by Kurt Avarell and James Sukhan.[1]
In February 2022, the company announced venture financing equal to $17.4M from lead investor Peter Theil, co-founder of Paypal. This funding was directed towards expanding Ember's portfolio of properties.[1]
Business Model[edit]
Ember's approach to second home ownership includes purchasing and furnishing luxury vacation homes, which are made available for purchase in fractions ranging from 1/8 to 1/2 ownership.[3] The company manages all aspects of managing and maintaining the property.[4]
Property owners have access to an Ember mobile app for scheduling and communications with a concierge.[4] Ember has property management teams in Utah, Florida, and California.
The organization claims its model differs from the traditional and wide-spread timeshare model, due to purchased shares being real estate acquisitions, and can thus incur equity, and be sold for a potential profit.[3]
Additionally, Ember has announced the program to have unused nights be made available for rent for the owner's profit. Ember manages short-term rentals through AirBnB or Vrbo.[3][5]
Ember's website can be found here: https://emberhome.com/
References[edit]
- ^ a b c d Craig, Austin. "Ember Raises $17.4 Million Series A". Techbuzz.news. Retrieved 19 March 2024.
- ^ Lauren, Amanda. "Fractional Home Ownership—Smart Investment Or Real Estate Scam?". Forbes. Retrieved 19 March 2024.
- ^ a b c Ember. "Co-ownership vacation homes: 3 reasons they are on the rise". KSL.com. Retrieved 19 March 2024.
- ^ a b Ember. "Ember Raises $17.4M Led by Peter Thiel to Bring Vacation Home Co-Ownership Mainstream". PR Newswire (Press release). PR Newswire. Retrieved 19 March 2024.
- ^ EIN Presswire (12 October 2023). "Ember Expands Luxury Vacation Home Co-Ownership Footprint Into Destin/30A Florida". kxan.com. Retrieved 19 March 2024.