New Destination Club in Asia
A new Destination Club has recently launched with a primary focus on the Asian market but also with properties in France, Italy and the UK. The Banyan Tree Private Collection has an initial joining fee of $120,000 and annual dues of $3,000, which give 7 days of usage. Members can then buy additional multiples to increase their days.
Banyan Tree Hotels & Resorts, a niche resort developer and operator in Asia-Pacific is the manager of the Club. Members can currently use several villas at Banyan Resorts in Asia.
Currently, the Asian villas are located in Phuket, Thailand; The Seychelles; Bintan, Indonesia; The Maldives; Lijiang and Shangri-La in China. Other locations under review are Barbados; Bali, Indonesia; Marrakech, Morocco; Punta Diamante and Mayakoba, Mexico; Kerala, India and Pilos, Greece.
Full details are on the Banyan Tree website.
Destination Club and Residence Fund Guide
For an in-depth understanding of destination clubs and residence funds, download our free guide. This book offers details about the various types of clubs and membership plans, how reservations work, the financial aspects you'll need to know, how these two vacation home alternatives compare to luxury second home ownership in terms of cost and questions you should ask when looking to join a club. We do ask you to register to access the Guide.