Destination clubs provide their members with access to multiple luxury vacation homes, located all over the world. The homes are typically multi-million dollar residences, and are sited in major cities, at beaches, in mountains and leisure locations.
Membership of the clubs is an alternative to buying a second home. The clubs are sometimes also compared to, or even mixed up with, private residence clubs, but there are several key differences between the two.
If you're just starting out learning about the clubs read the overview and the glossary. Then you can start to compare them in the comparison table. One way to financially compare them is using a cost per night calculation and we've provided downloadable spreadsheets for these calculations.
And for a real in-depth look at the clubs, their homes and services, comparisons to alternatives and questions to consider before joining, download our Guide for Prospective Members.
The map shows some of the main destinations where the clubs have homes. Click on the markers to see the actual homes.
The latest news and research on the clubs is included below.
Luxury travel company Inspirato is planning to go public through a merger with Thayer Ventures Acquisition Corp. The transaction values the combined company at an estimated enterprise value of approximately $1.1 billion.
The manager of several luxury vacation home funds has seen significant growth and interest over the last year. The new investors joining the latest Fund IV have allowed Equity Estates to buy several new homes, but they have also added a new investor waitlist to help balance the timing of adding well-chosen homes and investor access.
The two new additions to Equity Residences’ Equity Platinum Fund portfolio expand travel options for investors who enjoy mountain and beach vacations. The private equity fund continues to grow with new luxury homes in Vail, Colorado, and Little Exuma, The Bahamas.
Equity Destination club 21-5 is adding another owner Association to appeal to vacation home owners across the USA. The new “All American” Association plans to buy homes in Maui, New York City, Vail Valley, US Virgin Islands and Sonoma.
Destination Club Exclusive Resorts assembles an annual collection of very special trips for their members. The scope of the trips in 2020 and 2021 has been impacted by the coronavirus, so members are looking forward to the 2022 calendar. SherpaReport spoke to Gina Bach, Vice President of the Experience Collection at Exclusive Resorts, to find out what’s on offer.
SherpaReport spoke with Greg Salley, Managing Director of Equity Residences, about how they select real estate investment opportunities and add value to their luxury real estate investment funds. The discussion talked through their purchase strategy and value-added upgrades.
In 2019, luxury destination club Inspirato launched their one-of-a-kind subscription-based Inspirato Pass program. Recently, the company announced that the original Inspirato Club membership would also be transitioning into a subscription-based program. SherpaReport reached out to Brent Handler, CEO and Founder of Inspirato, to learn more about the changes and to find out how the company has been weathering the coronavirus pandemic.
Every owner association consists of 21 families, who own 5 beautiful vacation properties at 5 attractive destinations together. Each of the five vacation properties are worth about four times more than the single investment per family.
SherpaReport traveled down to St John in the US Virgin Islands with team members from Equity Residences, to see the steps they go through in preparing and launching a new home. The Equity Platinum Fund had closed on the home just days before we arrived, and the first guests were due a few days later, so there wasn’t a lot of time to make sure the home was in perfect shape.