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.
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.