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Overview

 
 Membership Pricing
 Initial Membership Fee (highest) C$420,000
 Annual Dues (highest) C$32,750
 # Nights 60
 % Membership Refundable 92% current value
 Refund Basis 1 in 1 out
 Homes
 # of homes 17
 # of locations 13
 Average Value C$2,000,000
 Members per Home 6:1
 Club
 Number members 142
 Founded 2004
 % Homes owned 100%

website



mprivateresidences.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

M Private Residences is an equity destination club, in which the members join by buying one of the shares in the table below. All the clubs properties are owned by the company in which the members buy shares, so the members initial fee has a good asset backing. Originally the club had just two classes of shares and both classes of shares have increased in value since the club was founded in 2004.

Note the shares are priced in Canadian $ in the table below.

 Share Class
A B C
 Membership Fee (Can$) $210,000 $295,000 $420,000
 Annual Dues (Can$)
$16,650 $27,750 $32,750
 Included Nights 21
42
60

The Long Term Reservations are bookings between 91 and 720 days in the future. The Short Term Reservations are bookings between 31 and 90 days in the future. Most members can book on a space available basis within 30 days.

The homes have averaged an occupancy rate of only 40%, and the club maintains a members to home ratio of 6:1, so that as a member you should be able to go to the destination you want when you want to travel. The club plans to cap its membership at 500 members.

Homes vary from a 2 bedroom apartment in New York City to 4 bedroom, 5,000 sq. ft homes.

The club is headquartered in Calgary, Alberta.

Last Updated ( Wednesday, 03 February 2010 )
 
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