Hi Matt,
The units are all privately owned and the rental plan I was referring to is a plan that the Magellan company started to help condo owners rent their units out. I’m not sure the details about the World condo rentals. But $1200 a day more than covers the annual costs associated with one of these condos and in a few years actually pays the unit off!

This is a very cool idea, cruise ship ownership. I love it! And the Magellan looks awesome! I found pictures of it here, if you’re interested. http://www.condohotelcenter.com/condo-hotels/featured-properties/magellan.htm

Gregory G. Leo, Sr.,

Those are very good questions. I’d like to know the answers also but I’m not going to trust the Matt person and never got satisfactory answers from the company that Zachary talks about either.

A suite on a cruiseship does sound like an excellent idea. There’s a ship called the Murano that is going to launch soon - www.luxurycondocruiseline.com

My advice, Do your research about the owner. The negative stories are true and there are a ton of them out there. This project will never get done and those who invest will lose money. It’s unfortunate becuase for a legit company like the four seasons it’s a great venture but for a man known in the valley as a swindler who has taken on other big projects never to finished them and losing investors money. Save your money and your time.

I don’t agree with you. This project is under way and the ship will launch summer of 2010. I have purchased a residence on Magellan and it is clear in my contract that if they are delayed or fail to deliver, I am entitled to a full refund. I’ll send you a postcard from one of the 150 countries I will be visiting.