Overview Grand Resort Properties Overview
Written by Nick Copley Tuesday, 17 October 2006 15:00
Overview
| Membership Pricing | |
| Initial Membership Fee (highest) | $500,000 |
| Annual Dues (highest) | $6,495 |
| # Nights (highest) | 70 |
| % Membership Refundable | 100% |
| Refund Basis | 1 in 1 out |
| Homes | |
| # of homes | 8 |
| # of locations | 7 |
| Average Value | $2,300,000 |
| Members per Home | NA |
| Club | |
| Number members | 40 |
| Founded | 2006 |
| % Homes owned | 80% |
website
grandresortproperties.comIf you're seriously considering joining a destination club then download "Destination Clubs: A Guide for Prospective Members". The Guide will give you an in-depth view of the different clubs including their homes, services and questions to consider prior to joining.
Description
Grand Resort Properties filed for Chapter 11 bankruptcy in January 2010 in Omaha, Nebraska bankruptcy court. This destination club offered 5 equity ownership membership plans providing from 14 to 70 nights of use, plus has several non equity plans and a corporate plan.
The clubs eight homes were in Beaver Creek & Steamboat Springs, CO, Scottsdale, AZ and Montaluce, GA, Cabo San Lucas, Mexico, Lake of the Ozarks, MO and Marco Island, FL.
The club occasionally rented out its homes on a space available basis, to offset the membership costs. This had also been a way for the club to find new members or for potential members to try out the clubs homes.
Here's where you can start to compare Grand Resort to the other current destination clubs| < Prev | Next > |
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