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LUSSO Collection Overview | Print |  E-mail
lussocollection.com
 
 Membership Pricing
 Initial Membership Fee (Individual) $425,000
 Annual Dues (Individual) $28,000
 # Nights Unlimited
 % Membership Refundable 100%
 Refund Basis 3 in 1 out
 Homes
 # of homes 30
 # of locations 14
 Average Value $3,500,000
 Members per Home 5.5:1
 Club
 Number members 140
 Founded 2004
 % Homes owned 100%
 

Description

The Lusso Collection offers two levels of membership, Unlimited and Lusso 21.

The main memberships have unlimited usage of the clubs properties, although this is subject to the clubs reservation policies which limit the number of "Standard" (within 1 year) and "Advanced" (between 1 and 2 years) reservations. All members are guaranteed one holiday period reservation every year and outside of holiday periods are guaranteed one annual vacation style of their choice.

The Lusso 21 plan offers 21 days of usage per year for a lower initial and annual fee. The club will limit the total number of Lusso 21 members to a total of 50. 

In order to balance out usage of it's properties at peak times, Lusso also limits the number of members with school-age children to approximately 35% and also tries to get a geographic balance of members. This, combined with it's low member to home ratio of 5.5:1, means that the homes are expected to be occupied no more than about 55% of the time on average.

To provide members with financial security, all the clubs real estate interests are held by subsidiary LLC's owned 100% by the Club. Lusso pledges ownership interest in these LLC's to a trust set up to benefit the members. It also has an annual independent audit, sends semi annual financials to members and 85% of its membership deposits are used for real estate or held in cash.

After 18 months of membership, the membership can be sold back to the Club for 100% of the original amount paid. 

Homes vary from 1,600 sq ft 2 bedroom apartments in New York City to 6 bedroom, 5,200 sq ft beach homes. All the clubs US properties also include a luxury vehicle. Here's the link to more details and images on the LUSSO Collection homes and a map of the home locations is below.


Home Locations

Click on the map markers to read more about the homes and to link through to full details about each home.

Video

Watch the video below for an interview with Steve Greer, Founder of Lusso, as he talks about the clubs services.

   





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Last Updated ( Friday, 01 August 2008 )
 
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