Destination clubs provide their members with access to multiple luxury vacation homes, located all over the world. The homes are typically multi-million dollar residences, and are sited in major cities, at beaches, in mountains and leisure locations.
Membership of the clubs is an alternative to buying a second home. The clubs are sometimes also compared to, or even mixed up with, private residence clubs, but there are several key differences between the two.
If you're just starting out learning about the clubs read the overview and the glossary. Then you can start to compare them in the comparison table. One way to financially compare them is using a cost per night calculation and we've provided downloadable spreadsheets for these calculations.
And for a real in-depth look at the clubs, their homes and services, comparisons to alternatives and questions to consider before joining, download our Guide for Prospective Members.
The map shows some of the main destinations where the clubs have homes. Click on the markers to see the actual homes.
The latest news and research on the clubs is included below.
“Luxury Residence Fund” Equity Estates allows members to enjoy beautiful homes around the world, while also sharing ownership in the company’s portfolio of properties. Locations include Canada, the US, and South America, as well as further afield in Europe, Africa, and Asia. Tyler K. has been an Equity Estates investor for seven years, and in that time he has enjoyed vacations that the fund estimates are worth about $840,000.
The economic ups and downs of the past decade created various upheavals in the destination club market. Some clubs failed to make it through the downturn, some evolved and other new ones appeared. But one company has continued to thrive, not just through restructuring and new ownership, but through its commitment to remaining small and specialized.
The Solstice Collection has just eight properties in its portfolio and fewer than 50 members, but as Member Services Representatives Kathie Waters and Jennie Benton say, “We’re in the best shape we’ve ever been.” Rather than focusing on extensive growth and equity, Solstice prides itself on providing a luxury, boutique service to a select family of members.
Membership in Destination M, formerly known as M Private Residences, means owning a share in a portfolio of luxury vacation homes. Locations include Canada, the US, and South America, as well as further afield in Asia, Europe, and Africa. We spoke to a member who has totally made the most of their membership, by taking numerous vacations in the first year.
Aviation company Wheels Up and destination club Inspirato recently announced that they are joining forces to bring a range of new benefits to their respective members. Members of each program will be able to enjoy services from the other, combining luxurious holiday destinations with a relaxing way of getting there.
Buying a share of an Equity Residences fund is an opportunity to make an investment in real estate, while also enjoying vacations at luxury destinations around the world. But just how much vacation value can you get for your investment?
As Equity Estates celebrates its 10th anniversary, the company continues to retain its strong position in the luxury destination residence sector. The second investment fund looks likely to be sold out by the year’s end.
It sounds simple enough: a group of siblings all decide to buy a holiday home. Or perhaps a couple want to buy a property that will be shared by their children. Everyone can use it as they wish, either separately or together. But then it all falls apart.
John Long is a Managing Director and co-founder of Equity Residences. Currently, Equity Residences has two funds -- the Equity Villa Fund and Equity Platinum Fund. I recently spoke to John about Equity Residences, its growth in 2016 and plans for 2017.