Management Changes at Solstice
Solstice has just announced that its founder, Graham Kos, and unnamed outside investors have purchased a controlling interest in the company. The purchase essentially buys out the holdings of the Parallel management team, with which Solstice merged in late 2006.
As a result of this restructuring Graham Kos will be CEO and President and the other key executive is his Solstice co-founder Jeff Scult.
Tim Wolff and Chad Morse, the co-founders of Parallel, are stepping down from their management positions, although they both remain members of the club.
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.