Tuesday, September 01, 2015
   
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Cabo Casitas

Destination 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 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.

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 map shows some of the main destinations where the clubs have homes. Click on the markers to see the actual homes.

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The latest news and research on the clubs is included below.


Customer Service: Above and Beyond at Inspirato

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.

Read more: Customer Service: Above and Beyond at Inspirato

G2G Collection Partners With Elite Alliance

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.

Read more: G2G Collection Partners With Elite Alliance

Quintess and 3RDHOME Establish Mutual Affiliation

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.

Read more: Quintess and 3RDHOME Establish Mutual Affiliation

Exclusive Resorts Compared to Quintess

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.

Read more: Exclusive Resorts Compared to Quintess

Update on Lifestyle Asset Group

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.

Read more: Update on Lifestyle Asset Group

Reviewing M Private Residences Non-Profit Structure

The Canadian destination club M Private Residences 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.

Read more: Reviewing M Private Residences Non-Profit Structure

Luxus Plans to Close Out Current Funds

The Canadian based equity destination club Luxus, is currently looking for investors in its second and third funds, but plans to take a break from adding additional lifestyle funds, once these two are sold out.

Read more: Luxus Plans to Close Out Current Funds

An Interview With Greg Salley of Equity Residences

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.

Read more: An Interview With Greg Salley of Equity Residences

Equity Estates Adds Homes to Fund II

The equity destination club has been adding several homes to its second fund. Investment levels have also increased as vacation home prices start to recover.

Read more: Equity Estates Adds Homes to Fund II

Ordinary and Extraordinary Requests for Rocksure Concierges

Continuing in our series of extraordinary and ordinary requests made of club concierges, we're focusing on Rocksure, an equity club offering both villa and apartment funds. Both fund owners and the general public have the opportunity to stay in Rocksure's properties, and all guests receive the same service.

Read more: Ordinary and Extraordinary Requests for Rocksure Concierges

Equity Residences Launches Platinum Fund, Adds Homes

The new Equity Platinum Fund will acquire 20 luxury vacation residences, each with a value between $2 million and $3 million. Some of the target locations for the new fund include Cabo San Lucas, the Bahamas, Deer Valley, Hawaii and West Palm Beach.

Read more: Equity Residences Launches Platinum Fund, Adds Homes

Who Joins a Destination Club – The Demographics

It's been a while since we saw some details on the types of people joining destination clubs. So we recently reached out to several clubs to get a picture of the sort of people who are becoming members. Here's a run-down on the answers that we received, together with some earlier data.

Read more: Who Joins a Destination Club – The Demographics

A Day in the Life of an Equity Estates Concierge

As a Luxury Residence Fund, Equity Estates is different from some other destination clubs. Members of the club are actual investor-owners in the properties that they visit, so the concierges are responsible for both the travelers and the homes. As a result, the concierges hold a dual title of Personal Travel Concierge and Destination Manager. Regular responsibilities include budget management, handling repairs, maintenance, and improvements, as well as coordinating the specific needs of each traveler.

Read more: A Day in the Life of an Equity Estates Concierge

Guide to Destination Clubs Has Been Updated

Our downloadable guide, "Destination Clubs: A Guide for Prospective Members" is now in it's eighth annual edition. This free, in-depth report explains the features and benefits of destination clubs, reviews the industry's leading destination club companies, and is a valuable tool designed to help prospective members make an educated assessment about joining a club. With the evolution of these companies, including several new destination clubs, as well as new programs and services, the newly updated guide is a must-have for all luxury travelers.

Read more: Guide to Destination Clubs Has Been Updated

Ordinary and Extraordinary Requests for M Private Concierges

Of all of the benefits of destination club membership, one of the most intangible is the services provided by the club concierges. Available to assist with just about any request that members have, these concierges have fulfilled many ordinary and extraordinary requests throughout the years. M Private Residences, a Canadian equity destination club, offers private concierges they call Mbassadors. These Mbassadors have extensive knowledge of the local area and are available to help with virtually any and all members' requests. 

Read more: Ordinary and Extraordinary Requests for M Private Concierges

Exclusive Resorts Offers Airstream Road Trips to Members

Recognizing the trend toward "glamping" (glamorous camping), Exclusive Resorts has announced a strategic partnership with Airstream 2 Go, offering fully-outfitted Airstream trailer rentals including GMC Yukon Denali tow vehicles.

Read more: Exclusive Resorts Offers Airstream Road Trips to Members

Inspirato Obtains $20 Million in New Funding

Inspirato, which has just reached under 8,000 members, recently announced that they have secured an additional $20 million in growth financing. The funding, which was raised from new investor W Capital Partners and existing investors Institutional Venture Partners and Millennium Technology Value Partners brings the total funding raised by Inspirato to $70 million.

Read more: Inspirato Obtains $20 Million in New Funding

Premiere II Collection Launched by Luxus

After selling out its first fund, Premiere I, last year the equity destination club has launched a new fund which is buying $1m+ vacation homes for its owner members.

Read more: Premiere II Collection Launched by Luxus

Inspirato With American Express Adds 17 Options to Signature Collection

Inspirato with American Express, a destination club with more than 6,200 members, has just added 17 vacation options to their signature collection. The signature collection includes Signature Residences, Signature Stays, Signature Experiences, and Signature Tickets, and the 17 new offerings span all four categories.

Read more: Inspirato With American Express Adds 17 Options to Signature Collection

Two More Homes for Equity Residences

This equity destination club has a very strong investment focus, in which it buys distressed vacation properties, and revamps them to add value. The fund has just bought two new homes in Florida and Hawaii.

Read more: Two More Homes for Equity Residences

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