Quintess, LRW has arranged $125 million in financing for new home development. This will allow the Club to develop more than 30 new residences, which will become available to members over the next several years.

David and Paula Flitners family have been ranchers in Shell, Wyoming for over a 100 years. They are now sharing their love of the American West by offering memberships in The Hideout Private Residence Club.

Tim Wolf is one of the founders of Parallel destination club, which merged with Solstice last year. We recently talked to Tim about the growth and development of this ultra luxury destination club.

The American Affluence Research Center just announced the results of a survey of 398 affluent households. The survey showed that about 60% of the households were not familiar with either the destination club or private residence club concept.

This new luxury vacation home investment fund is an interesting hybrid. For a one off payment it offers investors the opportunity to both invest in 30 residences around the world, and to have at least 5 weeks vacation usage at these residences each year.

We recently received a review from a member of High Country Club who had stayed at the clubs home in Breckenridge. It's an amazingly in depth, 3 page, 1,500 word review.

The June 2007 issue of the Robb Report includes their Best of the Best special issue that comes in at a pretty colossal 400 pages. The issue names 4 destination clubs as the Best of Best.

We recently launched our listings of destination club, private residence club and luxury fractional homes. The new directory allows prospective members to easily find shared ownership luxury vacation homes in the locations that they like to visit.

The luxury vacation club BelleHavens today announced it's next 11 planned locations and also introduced new membership levels and future price increases.

Yesterday Ultimate Resort announced that it had closed the acquisition of substantially all of the real estate assets of Tanner & Haley. This $100m acquisition gives Ultimate over 750 members and luxury homes located in 25 resort destinations in the United States, the Caribbean, Mexico and Europe.

Exclusive Resorts, the largest destination club, announced today that it has passed the $1 billion mark in the value of its owned residential resort real estate.

The Capella Pedregal Residences is the newest fractional project in the exclusive Pedregal area – a 360 acre gated community -- near the resort village of Cabo San Lucas, Mexico. The residences will be associated with the ultra elite Capella Pedregal Resort and Spa, to be completed and launched in Spring 2008.

The National Association of Realtors (NAR) survey showed vacation home sales hit a record 1.07 million in 2006 representing 14 percent of all homes purchased last year. Sales of luxurious shared ownership homes showed a similar trend according to Ragatz Associates.

Timbers Resorts has earned an excellent reputation as a developer of private residence clubs and high-end boutique resorts. We recently spoke to David Burden the founder and President of Timbers resorts about the companies resorts to date and its future plans.

Portofino club has introduced a new membership option that lets members participate in the increase in value of the membership fee.