|Initial Membership Fee (highest)||$468,000|
|Annual Dues (highest)||$37,440|
|% Membership Refundable||varies (see below)|
|Refund Basis||3 in 1 out|
|# of homes||6|
|# of locations||6|
|Members per Home||6:1|
If you're seriously considering joining a destination club then download "Destination Clubs: A Guide for Prospective Members". The Guide will give you an in-depth view of the different clubs including their homes, services and questions to consider prior to joining.
The Oyster Circle is a European based destination club, with an additional property in the Caribbean.
The club has three membership levels, two are individual levels and one is a corporate level. They are summarized in the tables below. Note the memberships are priced in Euros and this is what we've used below, but in the table above we've translated them to US$ at an exchange rate of 1.3 $ to the Euro.
Members can purchase additional days of usage at Euro 900 per day, but these can only be used within three months of travel.
When a member resigns they get back 80% of their initial fee if they have been a member for 2, 3 or 4 years, or if they resign after 5 or more years they can get the higher of either 100% of their initial fee or 80% of the current value of a membership. No resignations are allowed in the first year of membership.
The club maintains a members to home ratio of 6:1, and plans to enroll 400 members and have 67 luxury homes in 50 destinations. The homes have a typical value of E2.5m and a typical size of 3,800 sqft for villas and 2,200 sqft for city apartments. The club has been downsizing over the last few years and has reduced the number of homes as membership has dropped off.
The club is headquartered in Dublin, Ireland.Here's where you can start to compare Oyster Circle to the other destination clubs.