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.
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.
Destination club Inspirato with American Express has grown very rapidly since its launch in 2011. Its members have exclusive access to a collection of luxury vacation homes and can participate in members-only experiences and VIP events. SherpaReport talked to founder and CEO Brent Handler.
Rocksure is launching two new US funds. The Manhattan fund will buy apartments in New York City and the Liberty fund will buy apartments in 6 US cities. Investors in the funds can use the apartments during the life of the funds.
When deciding whether or not to join a destination club, prospective members often compare investing in a second home, to purchasing a destination club membership. For many years, SherpaReport has been hearing the reasons travelers choose to join these clubs rather than buying a second home. A new study by Exclusive Resorts shows a similar set of results.
This Calgary based equity destination club is unique, in that it is the only club owned and managed by its member shareholders. M's board of directors is comprised of M shareholders who over see the strategic, tactical and financial direction of the club. SherpaReport recently caught up with General Manager John Beckel.
The luxury residence fund, or equity destination club, Equity Estates launched it's second fund last year. We caught up with founder and CEO Philip Mekelburg to talk through the funds and what it means to be an investor in Equity Estates.
Quintess Collection, a leading destination club, is celebrating their 10-year anniversary by announcing additional special partnerships, more luxury residences, and unique adventures.
One of the largest destination clubs, Exclusive Resorts, has recently started to allow members to resell their memberships. This change was one of a group of enhancements that the club introduced earlier this year as part of its 10th anniversary.
We are launching a new series of interviews with executives from various destination clubs. Our first interview is with Rob Vaka, Chief Giving Officer of G2G Collection. While G2G Collection was founded in 2013, Rob was previously with Equity Estates.
The Canadian equity destination club has just acquired two 3,000 square foot, three-bedroom homes in The Rocks Luxury Residence Club in North Scottsdale, Arizona.
For the members of the equity destination club, Equity Residences, there are now dozens of new destinations to choose from. The clubs homes join the global network of luxury residences in Elite Alliance. This includes destinations around the world, such as Napa Valley - California, Florence - Italy, Southampton – Bermuda, Great Exuma – Bahamas, Cabo San Lucas – Mexico, Deer Valley – Utah, La Quinta – California and Sedona – Arizona.
Destination club Exclusive Resorts has recently expanded their Gateway travel card to members in the United States. Previously available only in Canada, Gateway is similar in structure to a jet card. The Gateway Card offers travelers the option to purchase from three to twenty-one travel days over a three-year period. The travel options include the entire portfolio of Exclusive Resorts' homes - over three hundred, multimillion-dollar homes with two to five bedrooms in seventy-five different destinations.
Both of these UK based clubs have continued to grow and expand over the last few years. Both offer fully serviced vacations at luxury villas, residences and city apartments. So how do they compare to each other? Read on....
Portico and Inspirato have just announced that they are combining and will be known as Inspirato with American Express - the largest destination club in the world. Current Portico members will have the opportunity to join Inspirato with American Express with no initiation fees.
Equity destination club, M Private, has partnered with Alberta Private Client at ATB Financial to offer a financing and payment option for new member investors.
This fourth article in the series on luxury travel clubs, shows the daily rental rates at the clubs homes and villas. By comparing different vacation residences, in different locations at various times of year, you'll see how the prices vary. The G2G Collection is one of the newer clubs and already has many luxury vacation homes around the world.
The new equity destination club is seeing some good initial success as it adds investors and homes. The two newest home locations are Longboat Key, Florida and Deer Valley, Utah. The fund is planning to close its charter member round and raise investment rates for new members.
There's an old quote that says "Time is a rare luxury which can never be purchased at any cost." But, in the world of high end travel – think private jets and destination clubs – if you have the money, then you can find ways to create valuable time. We'll certainly agree with Benjamin Franklin who said "Lost time is never found again". Here are a few stories of how people are finding that extra time.
Rocksure has announced the first closing of the Rocksure Crystal Fund with almost GBP 2 million raised. With this closing, the fund will purchase their first two properties - villas in Andalucia, Spain and Antigua. In addition to these two properties, early investors also have use of all Rocksure-owned villas using their current Crystal Fund entitlements.
All destination clubs offer phenomenal service, and exceptional properties in desirable locations, but if you are considering joining one, you may be trying to decide whether to join a rental based club or an equity ownership club. Both have their benefits, but have very different structures. One option isn't better than the other - your best choice really depends upon your personal circumstances and goals. Here's an overview of both rental clubs and equity ownership clubs.
Latest Destination Club News
Latest Destination Club Research
- The Pain of Owning a Vacation Home
- Time is the Ultimate Luxury
- Top 5 Reasons NOT to Join a Destination Club
- The Top 7 Reasons to Join a Destination Club
- Increasing Interest in Purchasing Access to a Shared Vacation Home
- Destination Clubs - a Rose by Any Other Name?
- Newly Updated Guide to Destination Clubs
- New Research Identifies Key Factors in Choosing a Destination Club