The unidentified Texan is shelling out the most recorded for afractional ownership, which is a new form of the time-shareconcept. A total of 77 shares have been snapped up, realizing $4.5million - selling half of the 42 available units on the first daythe sales office opened. The remaining units will remain up forsale until Sept. 1, with East West planning to market another blockin November, says Bill Fiveash, Hyatt Main Street's developmenthead. Fractional shares range from $19,000 to $300,00 per unit.

Typically, the buyer gets to use the unit for 17 days, with oneweek during the prime ski season.The Texan who bought the mostexpensive unit receives 34 days, including weeks before and afterChristmas.

The project, to be operated by the Hyatt Regency Hotel chain, isbeing developed by Beaver Creek-based East West Partners. East Westis the largest developer in Summit and Eagle counties, homes toBreckenridge and Vail, the largest ski mountain in the US,respectively.