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.
The Hideaways Club has just raised £15m ($29m) and is looking to purchase its initial properties across Europe. The locations under review include Spain, France, Italy, Morocco, Switzerland, Greece, Cyprus, and Crete. The plan is to buy properties in the $1.5m to $2m range.
With the announcement yesterday BelleHavens follows the trend in the Destination Club industry of having backing from a billionaire. In this case the funding comes from Ray L. Hunt and his Hunt Realty Corporation.
The continued consolidation in the Destination Club industry saw another merger last week, when Quintess combined with The Leading Residences of the World, to create a club with nearly 300 members and 49 homes in 26 destinations.
For new members who join before the end of 2006, BelleHavens is offering complimentary lifetime "Friends and Family Passport". The Passport allows members to offer their membership days to any friends and family, without the member being present and without any restrictions to immediate family members.
The membership levels being offered are shown in the table below:
Just when it looked like Tanner & Haley's members and properties were going to join up with Ultimate Resorts, along comes Joe Ricketts (founder of Ciel and Ameritrade) with a $108m offer. This is $10m more than last weeks offer from Ultimate Resorts. So it's going to be interesting to see where Tanner & Haley ends up.
Preeminent Global Experience, LP (PGE), the parent company for Ciel, is offering all Tanner & Haley members the opportunity to join Ciel, with Legendary Retreat Members receiving a membership with no membership deposit. PGE will also form a New Club for all the other T&H members.
These two clubs announced their merger today and have 10 homes valued at an average of $6 million each, plus a luxurious 90-foot motor yacht. They are very much at the super luxurious end of the Destination Club industry.
American Express cardmembers can now get up to one million membership rewards points when they join Exclusive Resorts. This recently announced special promotion runs through 31st January 2007 and the number of points varies with the membership level that you purchase. The one million level is awarded for an Elite Membership.
|Initial Capital Contribution (range)||$275,000 - $745,000|
|Annual Dues (range)||$13,900 - $41,700|
|# Nights||15 - 45|
|% Membership Refundable||Equity|
|Refund Basis||1 in 1 out|
|# of homes||60+|
|# of locations||50+|
|Investors per Home||7:1|
|Number of investors||240+|
|% Homes owned||70%+|
Equity Estates is an equity destination club or as the company likes to refer to itself as a luxury residence fund. The investor members are owners of the company that owns the club homes. So in addition to enjoying the homes for their vacations, the investors can also benefit if the value of the homes increases.
The club launched its first fund in 2006 and this fund sold out in 2012. The homes in fund I include residences in New York City, Maui, Vail, Los Cabos, Mexico, the Turks and Caicos, Deer Valley, Utah and Florence, Italy as well as several other locations. Through a partnership with the Hideaways Club, members also have access to homes in Europe, Africa and Asia. The club plans to begin selling all the homes fund I in 2021 and return 80% of the appreciation to members.
The club launched its second fund in 2012 and closed this fund to new members in December 2016. The third fund, which raised about $40m closed in September 2019. The 4th fund has a target raise of $50m and residences will vary in cost from $2 million to $5 million and range from two to six bedrooms and 1,500 to 7,000 square feet.
Details on the clubs latest membership plans are included in the articles and research below. You can also read our interview with Philip Mekelburg the CEO of Equity Estates.
The map shows some of the destinations where Equity Estates has homes. Click on the markers to see the actual homes.