Overview Portofino Collection Overview
Written by Nick Copley Tuesday, 31 October 2006 15:00
Overview
| Membership Pricing | |
| Initial Membership Fee (highest) | $250,000 |
| Annual Dues (highest) | $21,900 |
| # Nights | 45 |
| % Membership Refundable | 80% |
| Refund Basis | 3 in 1 out |
| Homes | |
| # of homes | 19 |
| # of locations | 17 |
| Average Value | $2.5m |
| Members per Home | 6:1 |
| Club | |
| Number members (Portofino & Signature) | 135 |
| Founded | 2002 |
| % Homes owned | 70% |
Description
The Portofino destination clubs filed for Chapter 7 bankruptcy in May 2008.Portofino Collection was one of 3 distinct destination clubs by Portofino. The other two clubs were the Signature Collection and the Continental Collection.
The Portofino Collection had several membership plans for both individuals, offering 45, 30 and 15 days usage, and groups offering 25 days usage. Members in all the plans also had reciprocal use of the Signature Collection homes. The club offered two types of membership. For more details read the appREciation article below.
Members could make advanced reservations which could be booked up to a year in advance and space available reservations were booked within 30 days of travel. For all the reservations there was a minimum of two nights. The clubs goal was to keep its occupancy ratio below 70%.
The club was headquartered in Greenwood Village, Colorado.
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