Destination clubs, residence funds and luxury travel 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 and funds 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. Here are the top reasons to join a club, but they are not for everybody and here are the reasons not to join.
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 latest news and research on the clubs is included below.
Last year we noted that the strength of the US$ was making Canadian and European equity destination clubs much cheaper for US$ investors. The recent Brexit vote has caused the pound to plunge to its lowest level against the US$ for 30 years, making UK based clubs even better value.
Since 2004, Destination M has been providing vacation experiences for its members. This equity destination club recently changed its name from M Private Residences. The non-profit club owns luxury vacation homes around the world.
Luxury destination club Inspirato now has even more options to offer members, with the addition of 99 new properties to their portfolio. The expanded property list also adds several new destinations for members to enjoy.
Equity Residences manages private investment funds that own multiple vacation properties, which are enjoyed by the funds’ limited partners. They recently closed their first fund to new investors and have started funding their second investment fund.
In addition to enjoying the luxury vacation homes in some of the finest destinations around the world, members of equity destination clubs are able to benefit from a host of additional perks. In this article, we take a look at some of the extra benefits that come with membership in four popular clubs or residence funds.
Equity Residences is an investment fund with a continually evolving portfolio of properties, which its members may enjoy. Like any luxury club, staff are always on hand to provide top-notch concierge service, working to meeting guests’ needs, before, during, and after their vacation. I spoke with Guest Relations and Asset Manager, Laura Krueger, and Operations Manager, Adrienne Hodell, to learn more about Equity Residence’s customer service.
With the US dollar having strengthened recently, the Canadian and European based destination clubs are much better value. Over the last couple of years the dollar has gained 20% to 30% in value against the Euro and the Canadian dollar, making these clubs that much cheaper in US dollar terms.
The Equity Villa Fund has recently acquired its latest home, located on Captiva Island on the Gulf Coast of Southwest Florida. You can meet the funds Managing Directors in New York on 17th November.
Exclusive Resorts recently announced the addition of a new European Villa Collection to their already impressive portfolio of more than 400 vacation properties. European Villa Collections have been made available in the past for limited summer use, and they have proven very popular with Exclusive Resorts members. The 2016 collection includes some previous favorites, as well as some new additions.
Destination club M Private Residences has partnered with Seekda to provide its members with a curated portfolio of certified and professionally managed exclusive vacation homes, villas and hotels. This provides members with even more vacation options around the globe.
Inspirato wants to make sure that its members are impressed with more than their array of destinations and properties. So like many destination clubs they have two key types of staff on their member services team, who help with all aspects of travel. A Member Services Coordinator helps with planning and recommendations beforehand and an Onsite Concierge takes care of members during their stay.
Through this new partnership, G2G Collection members with a Boutique Plan receive membership in Elite Alliance, expanding their vacation opportunities and providing access to private golf and urban clubs, lifestyle events, and travel benefits. Elite Alliance members will enjoy seamless escapes to select G2G residences in Chicago and Punta Mita, Mexico.
These two clubs are collaborating to expand the portfolio of multimillion-dollar residences accessible to each membership. In outline the two clubs are making some of their homes available to members of the other club.
Exclusive Resorts and Quintess are two of the best-known and most well-established destination clubs in today's luxury travel market. Both offer a range of high quality homes and high levels of service in locations around the world. We review them both so that you can see the similarities and differences, and see if one is right for you.
This equity destination club builds portfolios of 6 luxury vacation homes that are collectively owned by 50 investors. The two current portfolios, Atlantic One and Pacific One, have a US East Coast and West Coast focus to their homes. With a new planned portfolio of city homes due to be launched.
The Canadian destination club Destination M has been structured as a non-profit corporation since 2008. This means that it is not set up to generate profits for outside shareholders. This is the only destination club with this type of structure, so here's a walk through on what this means for the club shareholder members.
The equity destination club, Equity Residences launched its second fund just a few months ago. We caught up with co-founder and Managing Director Greg Salley to talk through the funds and what it means to be an investor in Equity Residences.