Archive for September, 2015

The #1 Solution In The Fractional Yacht Ownership Industry

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Fractional ownership is a business concept that has been around for a long time. It is a method of ownership where several people can own a share in an expensive asset, such as a yacht. Investors choose a fractional approach to investment when they do not want to spend the amount of money required to own the entire asset and they do not want all of the risk or hassle that accompanies ownership of the entire asset. Saveene has pioneered the use of fractional ownership applied to a specific class of asset, the luxury yacht.

Yes a luxury, affordable yacht. For the European market our yachts are less than 60 feet in length. They are within the financial reach of an ordinary consumer and an ordinary type vacationer.

Fractional ownership splits the cost of purchasing the asset and managing the asset across a set of owners. Because an independent professional handles management, the fractional owners are free to enjoy themselves and be removed from the management responsibilities. Each owner is free to use his/her share of the asset according to the terms of the purchase. Saveene applied the fractional ownership concept to luxury yachts because most yacht owners only use their yacht several weeks a year and the costs to acquire and maintain a yacht are immense.

Under the Saveene Program, Fractional ownership is perfect for yacht owners who want the yachting experience with no hassles and no waste of their hard earned capital. We have owners in the Saveene Program who own 10% of a yacht through to 70%. Many purchase 10% of a yacht for their personal use and another 10% for business use including entertaining, corporate retreats, chartering, and hosting clients. Virtually all of our owners could afford to purchase the entire yacht outright, but do not want the waste that comes with letting a major asset sit idle in port and the hassle of management. The most common misconception about fractional ownership is that it is a timeshare by another name. This is a mistake. With timeshare arrangements, you do not own a share in a property, merely the right to use that property for a set period of time. When your time runs out, you are left with nothing. With fractional ownership, you own the asset and receive a deeded title reflecting your ownership. If you desire, you can transfer or sell your asset whenever you want.

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Azimut 72 – The Ocean Queen is a MUST

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Azimut 72S

The Azimut 72S was designed for successful businessmen and entrepreneurs who are drawn to the sea and want an elegant water-born entertainment venue. She is not for everyone, even everyone who can afford her $5 million price tag. But for those who can afford her, and are looking for something in a motoryacht as au currant as the sports cars in their 5-car garage, then Azimut 72S could fill the bill.

Key Features

  • Huge main deck for entertaining
  • Italian styling
  • Large hull-side windows
  • Unique Control System (UCS)
  • Sun roof over dining area
  • “Tail fins”
  • Aftermarket services
  • Largest dealer network

The Azimut 72S has all of the things that have made this brand the world’s gold standard in a chic, sophisticated entertaining-oriented motoryacht. Puerto Cervo, anyone?

The Mission of the Azimut 72S

The Azimut 72S is designed to compliment the man or woman who buys her by being as tasteful, elegant, and as chic as they are. Her intended use is for high-style entertaining of all sorts in the lap of understated luxury — nothing ostentatious, just cool and as modern as Milan’s fashion runways. And she is intended to go fast.

Think of her as a large floating penthouse apartment with several terraces for viewing the azure-blue sea, a waterside deck for enjoying the sun, a luncheon venue under a shady trellis, a large, airy salon for cocktails and conversation at sun down, a dedicated, raised platform for formal dinner parties, and bed chambers that are comfortable and sexy. That’s the Azimut 72S.

Azimut 72S

Bird’s eye view of the flying bridge of the Azimut 72S.

Azimut 72S

That’s entertainment! Vitally all of the space on the main deck is devoted to entertainment of one kind or another. How about a board meeting aboard?

Azimut 72S

The accommodations deck plan. Note the round “beam-me-up-Scotty” shower stalls in the guest heads. They save space. Two crew can sleep aft in the crew quarters. The engine room is compact thereby creating more living space.

The 10 Sexiest Power Boats in the World

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Ten of the most desirable motor yachts that money can buy…

Yes this is indulgent, but who can resist these beauties… 10 of the world’s sexiest boats. Prepare for some drooling!

Azimut 62S Italia

The Azimut 62S Italia commemorates the 150th anniversary of Italian unification

 

(6) Azimut 62S Italia
This reworking of one of Azimut’s most famous and successful boats is designed to commemorate the 150th anniversary of Italian unification – and it really is a delight. As well as a much better helm arrangement than the original 62S, the Italia features a very effective rearrangement of the lower saloon (with a two-berth ensuite cabin) and a welcome muting of the internal design, with pale leathers, and stainless-steel trim. You also get a useful extra dose of power, equipping this lovely hull with huge poke throughout the rev range, without any reduction in its handling focus. With distinctly aggressive aesthetics, an opening hard top and a full-beam owner’s cabin, it’s a blindingly impressive boat.
Nationality:
 Italian
Contact: 
Azimut

 

Wally 118 running

The deliriously cool Wally 118

(1) Wally 118
Despite the peculiar name, Wally Yachts are spectacularly desirable – and the fleet’s flagship takes the marque’s merits to the extreme. With 17,000hp on tap courtesy of three gas turbines, the astonishing 118 can hit 60 knots with a softness of ride from the vertical, swell-slicing bow shape that enables you to spend long periods crossing vast seascapes at a serious lick – and in addition to outright performance, you also get a fine spread of high-end cruising luxuries. It is of course deliriously cool, but so is the rest of the Wally fleet – so if you want something slightly less ‘Robocop’, the gorgeous mid-range 55 is also a truly memorable boat.
Nationality:
 Monacan
Contact: Wally

Riva 63

The stunning Riva 63

 

(2) Riva 63 Virtus
There are two immutable truths in the world of powerboats. Firstly, open boats are more fun; and secondly, Riva is the brand we all secretly love the most. So when the venerable Riva Boatyard introduced the 63 Virtus as its largest open yacht, its place on the Top Ten list of every right-thinking powerboater was pretty much guaranteed. Based on the lines of the classic Vertigo model, it offers generous accommodation, two large sundecks and a garage for the tender – all drenched in a deliriously lovely cocktail of oak, polish, leather and smugness. Enough said.
Nationality:
 Italian
ContactRiva

 

Goldfish 50

The new Goldfish flagship has the styling and pedigree to operate as a superyacht tender or standalone cruiser

(3) Goldfish 50 Ocean
While Goldfish is probably best known for its rip-snorting endurance RIBs (which won the 2011 Round Britain Race), its new flagship is a hard boat known as the 50 Ocean. Built as a fast offshore cruiser, it has already achieved critical acclaim by scooping the title of ‘European Powerboat of the Year’ – and you can see why. Even the standard rig (740hp sterndrives) offer 50-knot performance, and with twin 1,120hp FPTs running surface drives, the magic 60-knot mark is well within reach. With the styling and pedigree to operate as a superyacht tender or a very fine standalone cruiser, it’s a great way to spend a small fortune.
Nationality:
 Norwegian
Contact:
 Goldfish

 

Pershing 82

The Pershing 82 replaces the successful 80 and features a carbon-fibre staircase!

(4) Pershing 82
While the Pershing 80 was very successful, its replacement, the new 82, takes Pershing’s famous quality and packages it inside considerably sleeker, more sporting lines. Access to the new low-profile upper deck with its secondary helm position is provided by means of a carbon staircase with an automated hatch. Down below, things are equally high-end, with an array of extraordinarily plush Poltrona Frau furniture. And with a pair of 2,435hp MTU 16V M93 engines coupled to Sea Rex surface drives, this elegant 82-footer is capable of an ocean-munching top end of 45 knots and a cruising range in excess of 300 nautical miles. It’s a class act.
Nationality:
 Italian
Contact:
 Pershing

 

Mochi Dolphin 74

The Mochi Dolphin 74 is both practical and lovely

(5) Mochi Craft Dolphin 74 Cruiser
The Mochi Craft 74 Cruiser is a very practical boat, capable of taking 18 people 330 nautical miles at around 26 knots. It also has more spacious internals and a longer flybridge than the previous Maxi Dolphin model, plus four cabins, including a full-beam master suite. And yet what makes this boat so desirable is not its practicality but its sheer loveliness. The purity of the lines and the quality of the workmanship on this very sophisticated gentleman’s cruiser are absolutely first rate. And if the standard pair of MTU 10V 2000 M92 engines isn’t enough, you can even upgrade to twin MTU 10V 2000 M94s for a top end of around 32 knots.
Nationality:
 Italian
Contact: 
Mochi Craft

 

Itama 74

The Itama 75’s bow evokes the endless bonnet of an E-Type Jaguar

(7) Itama 75
Itama is a company dedicated solely to the design and production of fast open boats – and those principles remain intact even on the company’s 75-foot flagship. With a relatively narrow beam and long, raked lines, plus a bow that evokes the endless bonnet of an E-Type Jaguar, it looks even faster than its nominal 42-knot top end. And once you check out that vast open-plan cockpit and the radical modern cleanliness of the below decks accommodation (available either in three or four-cabin configuration), you will discover that few boats in the world can match the Itama 75 for outright desirability.
Nationality:
 Italian
Contact: 
Itama

 

Windy Blackbird

The Windy Blackbird will make you grin from ear to ear!

(8) Windy Dubois SR52 Blackbird
First seen at the 2010 Cannes Boat Show, the Dubois SR52 Blackbird is the result of a collaboration between Windy Boats and yacht designer, Ed Dubois. With triple Volvo IPS 600 engines, a 46-knot top end is supplemented by a range of up to 480 nautical miles and a huge dollop of traditional Windy handling acumen. You also get very distinctive aesthetics and plenty of internal space for a versatile range of leisure pursuits, from social gatherings to watersports. Almost any Windy offers a degree of driving enjoyment that will make you grin from ear to ear, but this is something special.
Nationality:
 Norwegian
Contact: 
Windy Boats

 

Baia 100

The Baia 100’s Mohican-style haircut isn’t for everyone, but it’s undeniably impressive

(9) Baia One Hundred
While Carlo Galeazzi’s angular, engagingly disjointed styling is not for everyone, there is no doubting the impact of this overtly sporting, high-performance Italian motor yacht. In addition to the Mohican-style haircut, the Baia is available either with twin or triple 2,650hp MTUs with Arneson drives, reportedly generating speeds in excess of 50 knots. With a topside superstructure made almost entirely of tempered glass, both light ingress and visibility are fantastic. It might have a hull which is (rather sensibly) optimised for running efficiency and ride comfort, but it looks, feels and goes like the 100-foot superboat it so plainly is.
Nationality:
 Italian
Contact:
 Baia

Riva 122 Mythos

The 122 Mythos is the largest aluminium planing yacht ever produced by Riva

(10) Riva 122 Mythos
The 122 Mythos is the largest aluminium planing yacht ever produced by Riva. Designed with a focus on fuel consumption and cruising range, it features an active stabilisation system to improve trim – and while (at more than 37 metres long and 7.6 metres in the beam) it is no speed machine, with a pair of MTU 12 V 4000 M 93L engines, you can expect 27 of the most refined knots it is possible to experience. The Mythos can be specified with three, four or five cabins, but in all cases, you get a twin tender garage, an assortment of panoramic views, a jacuzzi, a second helm station and the happy knowledge that your boat is considerably better than the one next-door.
Nationality:
 Italian
Contact:
 Riva

Enjoying the eye-candy? Check out our Top 10 Fantasy Boats feature for more beautiful yachts.

Read more: http://www.yachtworld.com/boat-content/2013/04/the-10-sexiest-power-boats-in-the-world/#ixzz3n41k83Hj

WHAT ARE THE BENEFITS OF FRACTIONAL PROPERTY INVESTING TO ADVISERS?

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Asset allocation is an investment strategy designed to balance risk and reward by diversifying across the major asset classes – property, equities and cash/fixed interest – each of which performs differently over time, known as cycles. When one asset class is up, another may be down.

Trying to time cycles can add risk rather than minimise it. It is more prudent therefore to allocate funds across all markets to maximise return and minimise risk. Diversification within each asset class, similarly, reduces the single asset risk exposure that you might have with shares in only one company or by purchasing a single property.

Broadly speaking the benefits to you in a fractional property investment model are;

  • increased revenue – by bringing the property asset class into the advisers fee basket, which for most financial advisers has not been possible before with residential property investment
  • client retention and protection – advisers not providing an investment property solution run the risk of clients buying outside the advisers influence, potentially using their FUM to purchase and running the risk of buying inappropriate property at inflated prices
  • greater client reach – the ability to invest fractionally widens the prospect base for every adviser, be it the children of clients or possibly clients with less financial resources than required to purchase a whole property

What are the benefits of fractional property investing to clients?

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The fractional property investing model gives you the tools to offer your clients all the benefits of a prudent investment strategy within the property asset class with a reasonable acquisition cost and ongoing holding costs.

The fractional property investment model is expected to pay an attractive rate of interest and can be used to hold money not ear marked for property investment. In other words, it can be used as your client’s primary portfolio cash fund.

Fractional property investing allows your clients to hold a portfolio of property investments in much the same way as they hold equities. You would not put all of a client’s share allocation to a single stock, so why put all their allocation in the property asset class to a single property?

The major property investment options available to your clients are;

  • Direct purchase – often too costly and likely to require debt to complete a purchase
  • A-REITS – track the equities market rather than the property market
  • Unlisted trusts – no residential options and no choice of property plus disadvantages of a pooled structure
  • Syndicates – costly legal agreements, lack of liquidity and lengthy terms to expiry

In addition to these limitations there is little or no opportunity to;

  • diversify across property types and geographic locations
  • choose the underlying assets that interest your clients
  • liquidate holdings in a timely manner
  • access the pure return of property – rental yield and capital value

Property investment frequently involves;

  • substantial debt
  • periods of vacancy
  • maintenance issues
  • substantial management and running costs

The fractional property investment model overcomes these issues through the ability to purchase smaller holdings and avoid single asset risk exposure which minimises the impact vacancies may have on a portfolio.

Dubai International Boat Show

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With 23 years of maritime history, the Dubai International Boat Show (DIBS) is MENA’s number one marine luxury, leisure and lifestyle industry event, offering market exposure to the largest and most influential gathering in the MENA marine industry.

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Dubai International Boat Show 2015 saw more than 26,000 visitors from over 120 countries experience elite super yachts, leisure crafts, interactive activities and exotic supercars, as well as luxury & equipment supplies and services.

The most anticipated event in the Middle Eastern maritime calendar, it had over 850 leading international, regional and local exhibitors from over 50 countries, making it an unparalleled platform for exhibitors to showcase boats and products to the Middle East’s and International marine investors and enthusiasts.

Why Fractional Ownership?!

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When going for an out-of -town or country vacation has become a yearly thing and a family tradition, dreaming of having your own holiday home may not be far behind. But what if you still can’t afford one?  Don’t fret for there is an option – fractional ownership.

In fractional ownership, a home is shared between several buyers. It has long been established in the United States, but has just started to become known in other countries. While there may be some differences the operating models, generally the owners get to have outright share of the property.

Many find fractional ownership as a better alternative than investing wholly in a vacation house.

However, fractional ownership should not be confused with timeshares as the former is typically applicable to luxury or high – end properties and the sharing is among fewer people. The privileges may extend to more than one luxury property.  The annual usage, on the average, is from three to four weeks and not just one to two weeks.  Moreover, concierge – level services is given, similar to when a guest stays in a luxury hotel.

Just like the owners of deeded properties,  fractional owners can put their stake in a trust, leave it in a will or sell it. Property taxes, as part of the annual dues, are paid by the fractional owner and these may range from $8,100 to $21,000, depending on the property and covering utilities and the concierge services. There are borrowers who are able to write off the mortgage interest on such taxes.

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Monaco Yacht Show 2015

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In its 25th year, the world’s premier superyacht show is bigger—and greener—than ever.

Port Hercules, site of the Monaco Yacht Show

Port Hercules, site of the Monaco Yacht Show

The Monaco Yacht Show, the most prestigious and prolific superyacht show in the world, is celebrating its 25th anniversary this year. Dedicated to an ultra-high-profile clientele and to professionals in luxury yachting, the show has come a long way from its modest beginnings. In 1991, the first Monaco show had only 50 exhibits, mostly indigenous to Monaco and the French Riviera, and only 30 yachts with an average length of about 105 feet (32 meters). This year promises to be the largest Monaco Yacht Show yet with 500 exhibiting companies and 120 superyachts with an average length of 154 feet (47 meters).

Here are snapshots of some of the yachts expected to be on display in September. A trait many share is a concerted effort on behalf of owners, designers and builders to create vessels with better fuel efficiency and improved environmental performance.

Silver Fast (253ft./77m) is an Espen Øino design, the fourth in a series of fuel-efficient yachts built by Silver Yachts of Australia. Fast and long-range, she can cross the Atlantic at 22 knots, do 4,500 nautical miles at 18 knots and cruise 6,000 nautical miles at 14 knots. For more information: silveryachts.com

M/Y Silver Fast

M/Y Silver Fast

Yersin (251ft./76.6m) is an expedition vessel built at the commercial Piriou yard in France for a private owner who will be carrying out ecological explorations around the world while conducting scientific research and experiments. The yacht is built with an extreme green consciousness in compliance with environmental policies. For more information: piriou.com

M/Y Yersin

M/Y Yersin

Yalla (239ft./73m) was built by CRN with naval architecture by CRN, exterior design by Omega Architects and interior design by Droulers Architecture. She is a departure for CRN in that she is the first to be built with a 41-foot (12.5-meter) beam. She can carry 12 passengers in six cabins and accommodates a crew of 22. For more information: crn-yacht.com

M/Y Yalla

M/Y Yalla

Tankoa’s S693 (227ft./69.3m) is the first yacht from the Italian builder designed by Francesco Paszkowski Design. She is a modern classic with a fuel-efficient hull that achieves a top speed of 16.5 knots and a cruising speed of 15 knots. An economical speed of 12 knots will yield a range of more than 5,000 nautical miles. For more information: tankoa.it

Tankoa S693

Tankoa S693

Ester III (216ft./65.99m) was built by Lürssen with exterior design by Espen Øino and an interior by Reymond Langton Design. Features include a swimming pool aft and a helicopter landing pad above the wheelhouse. The yacht has large windows and a near-vertical bow. Her interior includes a hand-carved leather artwork running the length of the main stairwell. For more information: lurssen.com

M/Y Ester III

M/Y Ester III

Irimari (208ft./63.43m) was built by Sunrise Yachts with an exterior by Espen Øino and an interior by Focus Yacht Design. She is the first of three projects realized with Øino. At 1,500 gross tons, she has an exceedingly high volume-to-length ratio. She is one of the largest yachts ever built in Turkey. For more information: sunriseyachts.com

M/Y Irimari

M/Y Irimari

Saramour (200ft./61m) is CRN’s first yacht designed by Francesco Paszkowski Design. The outstanding feature on this yacht is the private owner’s deck with its own swimming pool. The décor aboard is minimal and modern so as to show off the owner’s art collection. For more information: crn-yacht.com

Madame Kate (197ft./60m) is an Amels 199 designed by Tim Heywood with interior design by Laura Sessa. The yacht has a distinctive pearl-effect paint job that reflects the sunlight. Substantial outdoor spaces and a large beach club offer opportunity for relaxation and fun. For more information: amels-holland.com

M/Y Madame Kate

M/Y Madame Kate

Atlante (180ft./55m) was built by CRN with exterior design by Nuvolari Lenard. She has a no-nonsense, military-style profile. She has four decks and can host up to 12 guests in an owner’s suite and four VIP cabins. For more information: crn-yacht.com

M/Y Atlante

M/Y Atlante

Scorpion (151ft./46m) is a new yacht in the 46 Alloy series from Sanlorenzo. She has a beach club with a fitness area and gym, and easy access to the sea via a no-step swim platform. For more information: sanlorenzoyacht.com

M/Y Scorpion

M/Y Scorpion

Sanlorenzo’s 460 EXP (151ft./46m) is a long-range explorer vessel with 460 gross tons. She can carry large tenders and plenty of toys for exploring the world’s oceans. She is also designed to be fuel-efficient. For more information: sanlorenzoyacht.com

Sanlorenzo 460 EXP

Sanlorenzo 460 EXP

Baglietto’s 43m Fast (141ft./43m) was designed by Francesco Paszkowski and is an evolution from the yard’s past efforts. An aluminum planing yacht, she looks fast with her aerodynamic lines and sporty bow. For more information: baglietto.com

Baglietto 43m Fast

Baglietto 43m Fast

Mangusta’s 132 (132ft./40m) is the fourth new model in the builder’s open series. She was designed by Stefano Righini and Overmarine, and reflects improvements from her predecessors with new power and tweaks to the hull design, as well as an elongated flybridge. For more information: overmarine.com

Mangusta 132

Mangusta 132

Mondomarine’s SF40 (132ft./40.23m) was designed by Luca Vallebona-SF Yachts. She has a private owner’s cabin on two semi-levels with a panoramic view on the upper level and a sense of intimacy on the lower. For more information: mondomarine.mc

Mondomarine SF40

Mondomarine SF40

Taransay (131ft./39.95m) was built by Rossi Navi with interior design by Studio Tassin. She takes spirit of tradition design reference from the early 1900s, however, she is 21st century all the way in terms of technology. She has been awarded the RINA Green Star Plus certificate. For more information: rossinavi.it

M/Y Taransay

M/Y Taransay

Nautor’s Swan’s 115S (115ft./35.2m) has contemporary lines by German Frers and a hull and deck infused with carbon fiber for stiffness, strength and weight saving. Her rigging and mast are carbon as well. Her waterline and 26-foot (8.1-meter) beam are intended to deliver performance and comfort under sail. For more information: nautorswan.com

Nautor's Swan 115S

Nautor’s Swan 115S

Sea Look (102ft./31.1m) is Cerri Cantieri Navali’s flagship. Her gray hull has aggressive lines in keeping with her sportboat soul. She combines the thrill of an open with functionality and livability. For more information: cantiericerri.it

M/Y Sea Look

M/Y Sea Look

Southern Wind’s 102 (102ft./31.1m) has naval architecture by Farr Yacht Design and exterior and interior concept by Nauta Yacht Design. She offers exceptional performance and a spacious flush deck. Her interior has a studio that separates the forward master from the salon. For more information: southernwindshipyard.com

Southern Wind 102

Southern Wind 102

Lady G (95ft./29.02m), from Southern Wind Shipyard, has naval architecture by Reichel Pugh Design and concept, exterior design and interior styling by Nauta Yacht Design. She is semi-custom with a different transom and belowdecks configuration than her predecessors. For more information: southernwindshipyard.com

S/Y Lady G

S/Y Lady G

Show Info

When: September 23-26 (10 a.m. to 6:30 p.m.)

Where: Port Hercules, Boulevard Albert 1ER, Principality of Monaco

Tickets: Public $150 euro/day (on sale at the show)

For more information: monacoyachtshow.com

 

Monaco, Monarchs and the Sea: A Brief History of Yachting in the Heart of the Mediterranean

The seafaring life and Monaco have been eternally entwined. In ancient times, the intrepid, oceangoing Phoenicians were said to have sailed into the sheltered harbor of Monaco. Long the subject of gossip—way before Vanity Fair and “Lifestyles of the Rich and Famous”—the region that is now Monaco featured colorfully in Greek mythology. Heracles, more commonly known by his Roman moniker Hercules, played a part in the Monaco story. The Temple of Monoikos was purportedly built to honor his feats on land and at sea. And the name of the principality’s largest port, Port Hercules, no doubt is a nod to the rambunctious son of Zeus.

Monoikos, which translates from the Greek to mean “single house,” connotes self-reliance and self-sufficiency. Today, this bite-size country (second-smallest only to the Vatican) ruled by a monarch is indeed a singular enclave unlike any other. Prince Albert II, the current ruling monarch, can trace his family origins back to 1297 when François Grimaldi, disguised as a monk, seized the fortress of Monaco from a rival Italian faction.

Naturally, over the course of time, leaders came and went. In 1604, Lord Honore II propelled Monaco into its “Great Century,” firmly implanting the Grimaldis as sovereigns. Fast-forward to the French Revolution: Monaco was annexed by France and did not revert to Grimaldi rule until Napoleon’s abdication in 1814.

Yachting as we know it came into play in the principality during the 19th century. According to the Yacht Club of Monaco, the first regattas were held in the bay of Monaco in 1862. However, it was not until 1888 that Prince Charles III and his son Prince Albert I established the “Société des Régates.”

Charles III (“Carlo” in Italian) is the namesake of Monte Carlo. He established gambling and founded the Grand Casino. However, it was Prince Albert I—who took over the monarchy in 1889—who had closer ties to the sea. Under his reign, the first international event for motorboats was established in Monaco in 1904. Thereafter, all the big sailing and motor yachts gathered annually to be part of historic gatherings. Monaco had become the center of the world for fashionable water sports.

Prince Albert I was also keen on scientific research and oceanography, and he created the Oceanographic Museum on The Rock of Monaco (where the palace sits). An ongoing enterprise today, it has been a great resource for exhibits and education over the years. Jacques-Yves Cousteau was the director of the museum from 1957 to 1988.

Prince Albert I combined yacht exploration and education. He owned four research yachts: HirondellePrincesse AlicePrincesse Alice II and Hirondelle II. He traveled throughout the Mediterranean with leading scientists of his day, recording oceanographic studies and creating maps and charts. In 1896, on an oceanographic survey of the Azores, he discovered the Princess Alice Bank. In the years from 1898 to 1907 he made four scientific reconnaissance cruises to Svalbard and the Arctic.

In 1953, Prince Rainier III, grandson of Prince Albert I, founded the Yacht Club de Monaco. It was a natural evolution for the Société des Régates. The objective, according to the yacht club, was “to develop, encourage and serve the promotion of the principality in the yachting sector.”

In the 1960s and ’70s, many eminent parties happened aboard one particularly famous yacht in Monaco. Celebrities, movie stars and heads of state were entertained aboard Aristotle Onassis’ 325-foot (99-meter) Christina. In 1981, Stavros Niarchos built the 380-foot (115-meter) Atlantis II to exceed his rival Onassis’ yacht. Today Atlantis II is a permanent fixture at her berth in Monaco’s harbor, but there are no publicized parties aboard.

In 1984, HSH Prince Albert II became president of the Yacht Club of Monaco and has made great strides in ensuring that Monaco remains the luxury yachting capital of the world. He has a passion for all things yachting. In 1995, he acquired the 1909-built, 92-foot Fife Tuiga as the club’s flagship. As part of the Prada Challenge vintage circuit, the club established Monaco Classic Week. In 2005 the club instituted the “La Belle Classe” label, federating yacht owners around a charter that defends essential yachting values: respect for etiquette, safeguard of the environment, preservation of the country’s heritage of classic yachts and innovation for luxury yachting. During the past few years, Prince Albert II spearheaded the building of a Norman Foster-designed yacht club facility, inaugurated in 2014 to further anchor Monaco as a world destination and facility for superyachts.

It would be a Herculean task to match Monaco as a sensational yachting port of call.   —Jill Bobrow

The Monaco Yacht Show as seen today

The Monaco Yacht Show as seen today

Most Popular Things to do in Costa Rica

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There are more things to do in Costa Rica than you’ll likely have days for. These are some of the most popular.

Canopy Tours

Sue on a zipline over the Savegre Valley San Gerardo de Dota
Sue on a zipline over the Savegre Valley San Gerardo de Dota

Whether it’s a zip-line thrill ride, gondola, or naturalist educational trip through the treetops, canopy tours have exploded in popularity in the past decade.

Coffee Tours

Before it was overtaken by tourism, coffee was the driving force of Costa Rica’s economy. A tour of a coffee farm and processing facility is a great way to satisfy your curiosity about the source of your morning cuppa and get an introduction to Tico history and culture.

Surfing & Windsurfing

Costa Rica’s breaks are world renowned, and rightly so. Inland, Lake Arenal has constantly balmy water (66 to 71 °F, 19-21 °C), average wind speeds of 24 mph (40 kph), and an exquisite setting for windsurfers. Rental equipment and lessons for both types of board sport are available.

Volcano Watching

Even though the lava has stopped flowing Arenal is still impressive and the premier destination, but Poás and Irazú have their attractions as well.

Nature Cruise

Motor launch on Tortuguero lagoon
Motor launch on Tortuguero lagoon

The canals of Tortuguero, wetlands of Caño Negro, and mangroves of the Damas estuary adjacent to Manuel Antonio are the most popular places to sit back relax and let the boatman be your guide to bird and wildlife spotting.

Whitewater

As you might suspect in a country covered in rain forest that rises from one ocean to 12,000 feet and drops back to sea level in the space of 70 miles, whitewater abounds in Costa Rica. Trips cater to all ability levels and interests.

Beach

Playa Tamales is on the horn of the Osa Peninsula between Jiménez and Cabo Matapalo south of Punta Tigra facing Potrero across the Gulfo Dulce
Playa Tamales is on the horn of the Osa Peninsula between Jiménez and Cabo Matapalo south of Punta Tigra facing Potrero across the Gulfo Dulce

Sunning, swimming, surfing, sailing, scuba, snorkeling, and that’s just the S’s. Beach lovers might think that Christopher Columbus had them in mind when he dubbed this (or did he?) the land of the “Rich Coast”.

Nature Walk

This catchall category covers everything from a walk on a paved path to multi-night treks up the bed of a river to prime jaguar country. Most visitors to Costa Rica spend at least some time hiking through the rain and cloud forests or along the beaches.

Hot Springs

There are hundreds of hot springs in this volcanic land and a couple of them have spawned spas. If you want to relax your tired muscles (or have a masseur relax them for you) hit the natural pools, then spend a night at Tabacón resort.

Waterfalls

Miravalles Cowboy Waterfall
Miravalles Cowboy Waterfall

Rainforests, mountains, and canyons add up to countless waterfalls and you can enjoy anything from walk up viewing platforms a few yards from a restaurant to strenuous hikes into secluded skinny-dipping pools.

Bird Watching

Everyone becomes an amateur birder as soon as they land in Costa Rica. You can’t help but notice the remarkable colors, calls and plumage, and you’ll find plenty of serious bird watchers and qualified guides to fill you in on the habits and natural history of the species you see.