bellehavens.com
 Membership Pricing
 Initial Membership Fees$425,000
 Annual Dues$33,500
 # Nights60
 Membership Fee
 % Membership Refundable90% current value
 Refund Basis3 in 1 out
 Deposit GuaranteesMembers are owners, 100% is in cash or real estate
 Homes
 # of homes14
 # of locations14
 Average Value$2,000,000
 Members per Homemax 10:1
 Club
 Number Members100
 Founded2004
 % Homes owned100%

Description

BelleHavens was an equity destination club which was acquired by Abercrombie and Kent and merged with Crescendo to form a new destination club called Abercrombie & Kent Residence Club.

All the clubs properties were purchased outright. Membership fees were only used to buy real estate. As new members join, the membership fees were placed into escrow until 10 members had joined, and then a house was purchased outright.

The BelleHavens homes had a low occupancy rate of only 25% in 2006, and while the club said it would have a maximum member to home ratio of 10:1, it was more likely to be in the 5:1 to 8:1 range.

Homes varied from a 1,200 sq. ft apartment in New York City to spacious homes of over 4,500 sq. ft. The average size was 3,500 square feet with three to five bedrooms, and will sleep at least eight people comfortably. Many of the BelleHavens homes are now part of A & K Residence Club.

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