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Destination clubs Quintess, A&K Residence Club and Equity Estates have all made offers to Lusso members. |
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The southern tip of the Baja California peninsula provides a scenic backdrop for E3Escapes' 13,000 sq ft luxury fractional home. |
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The equity destination club has just announced some changes at its senior level. |
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Flexjet, the fractional business jet ownership program of Bombardier, is rolling out a price reduction incentive program for owners making quick turnaround trips. |
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Last month destination club Exclusive Resorts sent its "Year in Review" document to its 3,500 members. This included a section covering the clubs Net Asset test. |
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In its most recent newsletter to members the equity destination club looked forward to several firsts this year. SherpaReport caught up with Jarvis Slade, President of the club, to discuss these initial events. |
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Lusso filed for Chapter 11 bankruptcy last December and since then several other destination clubs have been looking at making offers to the club and its members. |
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In a note sent to members today, the destination club Ultimate Escapes said that it had "already received commitments from over 600 Members to pay the Assessment." The club says that as a result it has passed the minimum level it had set for the Assessment requested two weeks ago. |
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The Luxus Group, has been expanding its Luxus Vacation Properties fund to acquire 13 homes throughout North America. Investors in the fund have access to all these vacation homes. |
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The Four Seasons Residence Club in Punta Mita, Mexico has unveiled its Phase II expansion, which consist of 15 new fractional homes. |
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The US operator of the Avanti P 180 has announced a new product, which bridges the gap between fractional aircraft ownership and buying into a card program. |
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A week ago Ultimate Escapes sent a note to members asking them for a special assessment. I talked through the assessment with Jim Tousignant, CEO of Ultimate Escapes. |
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The bad news continues amongst destination clubs, with the announcement today that High Country Club will be filing Chapter 7 bankruptcy early next week. |
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The two destination club have announced a strategic alliance to allow members use of their respective clubs. |
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Prospective jet card owners can choose a split payment option and can customize their selection of any two aircraft from the Flexjet 25 full fleet. |
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Another victim of the current economy, the pre-paid vacation club One Key World is closing it’s doors. |
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