Destination clubs, residence funds and luxury travel 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 and funds 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. Here are the top reasons to join a club, but they are not for everybody and here are the reasons not to join.
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.
The luxury vacation home fund manager, Equity Residences, has added a new home in New York City for use by it’s investors. It has also completed the addition to the Belize home it acquired last year.
SherpaReport looked at why families had opted for the personalized and ultra-private experiences of Exclusive Resorts. These families talked about all aspects of club membership, from the predictability of the Club’s fixed pricing model to leaving a lasting legacy of travel.
HomeSlice has launched the HomeSlice Destination Home Collection, a co-ownership opportunity across a diverse portfolio of ten vacation residences in top tier, stateside destinations. Members enjoy 28 nights of travel experiences annually, while benefiting from potential home value appreciation over the 10-year life of the fund.
The people at luxury travel club Inspirato understand how difficult it can be to leave one of their luxury vacation properties after just a week of rest and relaxation. They know that their members are likely to fall in love with a destination and want to stay for perhaps a month… or six. That’s why they have launched the new JauntLiving Program, designed to let members enjoy extended stays with all-inclusive fees.
The Calgary headquartered equity destination Club, Destination-M, is excited to announce that it has recently closed on an offering to new shareholders, and as a result has added a new property at Central Park West in New York.
Equity Estates recently launched its sixth luxury vacation residence fund.
Philip Mekelburg is the founder and CEO, a graduate of Cornell University and before Equity Estates he held various roles in management consulting, finance and business development. His vision helped create Equity Estates, back in 2006, when it was among the first to develop the equity destination club/ equity funds idea, marrying high-end private investors with a diversified portfolio of luxury vacation real estate, they can own and enjoy. SherpaReport caught up with Philip to discuss this growth and expansion and the launch of the latest residence fund.
Equity Residences has announced the acquisition of the first two homes for its new Equity Platinum Fund 2. The homes are in Punta de Mita, Mexico and Reserva Conchal, Costa Rica.
James Henderson, the CEO of Exclusive Resorts talked to SherpaReport about the club, its portfolio of vacation residences and travel experiences and how it has grown and evolved over the years.
Adam Capes is one of the few people who have had years of experience creating and launching fractionals, destination clubs, and luxury residence funds. He knows the challenges and solutions inherent in working in this industry. Last year, Adam launched a new company called My 5 Homes. We recently interviewed him to discuss lessons learned along the way and how these are applied to his new endeavor:
The new Inspirato Select is designed for both the leisure and business traveler. Subscribers can choose 3 trips per year from a list of more than 500,000 trip options in 150+ destinations, for an annual fee of $24,000 inclusive of all nightly rates, taxes, and fees.
With an experienced management team behind it, this luxury vacation home shared ownership fund is launching “Homesets” in which a group of 5 homes is owned and enjoyed by 21 people or families.
Inspirato, the luxury travel subscription company founded by Brent Handler and team, has expanded into multiple dimensions, with more travel experiences and options than ever before.
Equity Residences, the manager of luxury vacation residence funds, announced its third investment fund, Equity Platinum Fund 2. The new fund follows the success of earlier Equity Residences funds that have acquired, or are in the process of acquiring, nearly $70 million in strategically located luxury vacation homes, while providing rent-free investor vacations that represent many millions of dollars in rental savings.
Inspirato, the subscription-based travel and destination club, reported 2021 revenue of $235 million. The number of active subscribing members increased to a record 13,802, an increase of 2,075 or 18% year-over-year. Those members traveled for a record 95,994 nights in 2021, an increase of 71% from 2020.
The Calgary based equity destination club has recently issued a new share offering and also added a new home in Greece for use by its members.
In March of 2019, Jeff Potter, former CEO of Denver-based companies Frontier Airlines and Exclusive Resorts as well as Los Angeles-based Surf Air, launched a new travel company - Manifest, a chapter-based lifestyle and travel club that provides custom-crafted ‘close to home’ experiences paired with private air transportation.
“I’ve been fortunate in my aviation, hospitality and travel careers in that each opportunity presented me with some successes, and equally as important, some lessons learned, all of which came to bear when I envisioned the concept of Manifest,” said Mr. Potter, CEO and President of Manifest Escapes.
The luxury vacation home investment fund manager, Equity Residences, had a successful year in 2021. Its Equity Platinum Fund attracted a record number of investors who poured $18.7 million into the Fund. New homes additions during the year, mean the fund is over half way to its target of 25 vacation residences.
After recently selling out its fourth real estate investment fund, luxury destination club Equity Estates has announced a fifth fund (Fund V), which is raising $50 million and will buy 12 properties.
Luxury property club Destination M offers its almost 150 members a personalized experience and worry-free investment with its portfolio of 33 residences in locations throughout the Americas and Europe. We recently spoke to one of the club’s members to get a personal insight into his reasons for joining and his experience so far.
Luxury travel company Inspirato is planning to go public through a merger with Thayer Ventures Acquisition Corp. The transaction values the combined company at an estimated enterprise value of approximately $1.1 billion.
The manager of several luxury vacation home funds has seen significant growth and interest over the last year. The new investors joining the latest Fund IV have allowed Equity Estates to buy several new homes, but they have also added a new investor waitlist to help balance the timing of adding well-chosen homes and investor access.
The two new additions to Equity Residences’ Equity Platinum Fund portfolio expand travel options for investors who enjoy mountain and beach vacations. The private equity fund continues to grow with new luxury homes in Vail, Colorado, and Little Exuma, The Bahamas.