Do you like the idea of owning a vacation home in your favorite location, but don't want the burden and cost of repairs and upkeep? Fractional ownership resorts provide the amenities of a luxury home at only a fraction of the cost. Depending upon the design of the property, residences may be hotel suites, cabins, townhouses or detached homes. Luxury fractionals differ greatly from the old-style timeshares. Owners purchase a deeded share in a residence that gives them a certain number of weeks per year at the property and use of all amenities. You own deeded property with a chance of appreciation, a longer stay on the property and a luxury level of furnishings, services and amenities. You may also exchange weeks and travel the world.

The Lodges in Cannon Beach offer fractional ownership opportunities. They are beautiful new, fully furnished townhomes available in increments that begin with 1/12th ownerships for $89,000. Amenities in these Cannon Beach condos include premier surround-sound audio components, high fidelity speakers and large flat panel televisions. Bath fixtures, Corian counter tops, tile and slate detailing, gas fireplaces, top of the line appliances throughout and the requisite seamless wireless connectivity make each unit a spectacular place to enjoy a stay at the beach.

Until June 10, 2012, discounted rates will apply to your vacation stay and any rental costs will be credited toward your purchase. This "try before you buy" opportunity is a great way to experience these, elegant, spacious accommodations. Walk across the street for Sleepy Monk coffee and a Tillamook Cheese biscuit and continue your stroll to the beach, a block away, or hunker down by the fireplace and let the rest of the world go by.

To make your reservations, call 877.261.9184 or www.lodges@cbhotel.com and prepare to luxuriate in the beauty and serenity of the beach – Lodges style.