$The front of the Vanderbilt Hotel and Private Residence Club in Newport, R.I., where living units are being sold in a still uncommon arrangement called fractional ownership.$
The front of the Vanderbilt Hotel and Private Residence Club in Newport, R.I., where living units are being sold in a still uncommon arrangement called fractional ownership. (Photos By John Tlumacki/Globe Staff) Photos By John Tlumacki/Globe Staff

Own a slice of society

Fractional ownership, such as at Newport's Vanderbilt Hotel, is a new entry point into a luxury second home

By Linda Laban

Globe Correspondent / December 3, 2006

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NEWPORT , R.I. -- Of the two stories behind Vanderbilt Hall, the one involving sex and society is not only the more obviously colorful, but the one accepted by locals as more truthful. (Full article: 1293 words)