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.
The members of the Canadian based equity destination club just voted to add in a sunset provision. This means that starting in 2020 the club can sell off its residences and return funds to members.
Reciprocal partnerships between destination clubs are becoming the norm. Exclusive Resorts has recently formed more of these relationships than other clubs. The latest partnership between Ritz-Carlton Destination Club and Exclusive provides additional vacation locations for members of both clubs.
Peter is the CEO and founder of Demeure, which offers a large and growing portfolio of luxurious properties in the world's top destinations. As with other clubs, members receive dedicated help from a Private Assistant and on-the-ground support from award-winning professional hosts.
The new Club Card lets travelers experience The Quintess Collection's private luxury residences and bespoke vacations without having to commit to a long-term membership. Card holders have access to the entire portfolio of more than 170 exceptional homes and experiences in 60 worldwide destinations.
The luxury vacation club has just announced that its new brand name will be "Inspirato with American Express." The club is still available to all consumers but there are special offers and benefits to American Express Cardmembers.
Last year the two equity destination clubs launched a reciprocity partnership, giving their members access to each other's vacation properties. They've now gone a step further with M Private Residences investing more than $1 million into the Rocksure Property Capital Fund.
The two luxury destination clubs are mutually opening some of their homes to members of the others club. This partnership will provide members of both clubs access to an even wider collection of luxury residences around the world.
There are plenty of good reasons to join a destination club, but the clubs are not for everyone. Here's a run-down of the top reasons a destination club or vacation residence fund membership may not be right for you and your family.
These two destination clubs or luxury vacation clubs have quite a bit in common - for instance both were launched by Brent and Brad Handler, and both provide residences around the world - and, they also have their own unique distinctions. We review them side by side so that you can see the similarities and differences
Equity Estates just announced a multi-million dollar investment from Canadian based Luxus Group. The purchase of member interests marks the largest international transaction for Atlanta-based Equity Estates, and continues the trend of partnerships and cross investments between equity destination clubs.
The luxury destination club has increased its destination portfolio by more than 33% in 2012, adding 20 new destinations. Members now have access to more than 170 luxury residences and experiences in more than 60 of the world's most sought-after destinations.
Luxury Residence Fund, Equity Estates, has acquired a new Midtown Manhattan penthouse in the award-winning Dillon Building at 425 West 53rd Street. This residence offers three floors of thoughtfully designed living space and features two interior floors, three bedrooms and three baths.
This is the third article in the series on luxury travel clubs, which shows the costs of membership. The article compares different vacation residences, revealing the prices at various times of the year. The third club in our series is Portico, which offers luxury vacation homes around the world.
Membership in a destination club or residence fund gives members access to a collection of luxurious vacation homes around the world, in upscale locations. In addition, members enjoy a wide variety of personalized services and resort amenities. Why should you consider joining a destination club?