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The Guide to Shared Luxury Property

The Hideaways Club Overview

  Overview

 Membership Pricing
 Initial Membership Fee $400,000
 Annual Dues $22,000
 # Nights varies, see below
 % Membership Refundable equity
 Refund Basis 3 in 1 out
 Homes
 # of homes 27
 # of locations 20
 Average Value $1,900,000
 Members per Home 6:1
 Club
 Number members 160
 Founded 2006
 % Homes owned 100%

website

thehideawaysclub.com

If 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

The Hideaways Club is a European focused, equity destination club, which officially launched in January 2007. The club buys luxury villas throughout Europe, with an average value of £1m+ ($1.8m) and typically a minimum of 4 bedrooms and 3 bathrooms.

There are currently three membership levels, with the highest level having an initial fee of £220,000 ($400k, at a 1.80 exchange rate) and an annual fee of £12,000 ($22k, at a 1.80 exchange rate). As a member you own a share of the company that holds all the properties for the club. The shares are revalued periodically based on the value of the property portfolio and the demand for the shares. There is a minimum initial membership period of three years. When a member sells a share there is a 5% sales fee and the member receives 80% of the capital gain.

Usage of the clubs properties is based on a points system depending on when you book your time eg for Peak/Mid peak and Off peak times. Each member receives a number of points a year as part of their membership and then may buy additional points for £1,000 ($2,000) each).

The club will maintain a members to home ratio of 6:1 and expects an occupancy rate of 40% to 45% for it's properties. It's target is to have 100 properties all within 4-6 flying hours of London and 600 members.

The Club is headquartered in Gibraltar and has an agreement with a UK based company to undertake sales and marketing activities on its behalf.

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