Draft:Ember Home

Ember is an American hospitality company that acquires or builds co-ownership vacation homes for 1/8th to 1/2 shares per owner. 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.

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.

History
Ember was founded in 2021 by Kurt Avarell and James Sukhan.

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.

Business Model
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. The company manages all aspects of managing and maintaining the property.

Property owners have access to an Ember mobile app for scheduling and communications with a concierge. 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.

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.

Ember's website can be found here: https://emberhome.com/