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The Hideaways Club Overview |
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| Membership Pricing |
| Initial Membership Fee |
$414,000 |
| Annual Dues |
$24,000 |
| # Nights |
varies, see below |
| % Membership Refundable |
100%, + 80% gain, less 5% |
| Refund Basis |
3 in 1 out |
| Homes |
| # of homes |
13
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| # of locations |
12
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| Average Value |
$2,000,000 |
| Members per Home |
6:1 |
| Club |
| Number members |
40
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| Founded |
2006 |
| % Homes owned |
100% |
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 ($2.0m) and typically a minimum of 4 bedrooms and 3 bathrooms.
There is currently one membership level with an initial fee of £207,000 ($414k, at a 2.00 exchange rate) and an annual fee of £12,000 ($24k, at a 2.00 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. Each member receives 10 points a year as part of their membership and then may buy additional points for £1,000 ($2,000) each). Points are used based on the following table:
| Holiday Duration |
Points |
| One Week: Priority |
3 |
| One Week: Peak |
3 |
| One Week: Mid Peak |
2.5 |
| One Week: Off Peak |
2 |
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 London, England. Here's where you can start to compare The Hideaways Club to the other destination clubs.
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Last Updated ( Tuesday, 08 July 2008 )
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