Cabo Casitas

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 latest news and research on the clubs is included below.

Another day, another bankruptcy filing. Yesterday the destination club Solstice filed for Chapter 11 protection in New York.

Everlands private membership club has stopped all its sales and marketing efforts.

The Canadian equity destination club, M Private Residences, is planning to end the secondary market it created for re-sales of member shares.

Destination clubs Quintess, A&K Residence Club and Equity Estates have all made offers to Lusso members.

The equity destination club has just announced some changes at its senior level.

Last month destination club Exclusive Resorts sent its "Year in Review" document to its 3,500 members. This included a section covering the clubs Net Asset test.

"Nobody likes this but they understand and are supportive" said Jim Tousignant, CEO of Ultimate Escapes when commenting on his clubs recent member assessment.

In its most recent newsletter to members the equity destination club looked forward to several firsts this year. SherpaReport caught up with Jarvis Slade, President of the club, to discuss these initial events.

Lusso filed for Chapter 11 bankruptcy last December and since then several other destination clubs have been looking at making offers to the club and its members.

In a note sent to members today, the destination club Ultimate Escapes said that it had "already received commitments from over 600 Members to pay the Assessment." The club says that as a result it has passed the minimum level it had set for the Assessment requested two weeks ago.

The Luxus Group, has been expanding its Luxus Vacation Properties fund to acquire 13 homes throughout North America. Investors in the fund have access to all these vacation homes.

A week ago Ultimate Escapes sent a note to members asking them for a special assessment. I talked through the assessment with Jim Tousignant, CEO of Ultimate Escapes.

The bad news continues amongst destination clubs, with the announcement today that High Country Club will be filing Chapter 7 bankruptcy early next week.

The two destination club have announced a strategic alliance to allow members use of their respective clubs.

Another victim of the current economy, the pre-paid vacation club One Key World is closing it’s doors.

There have been several rumors swirling about changes at destination club Quintess. Yesterday SherpaReport caught up with Ben Addoms, founder and EVP of Quintess, to discuss the latest developments.

SherpaReport recently talked to Philip Mekelburg, the CEO and co-founder of Equity Estates to find out the latest developments at this equity destination club.

These two luxury travel and property companies have formed a partnership so that their respective members can use each others luxury vacation homes.

The Presnell Sporting Collection is a new travel club that offers elite sportsmen the fishing and large game hunting experiences that they crave.

In another sign of how hard the economy is hitting destination clubs, the boutique club Lusso just filed Chapter 11 today. 

The largest destination club, Exclusive Resorts, now has more than 3,500 members and is celebrating its 5th Anniversary of bringing friends and family together.

In the current economy, with property prices continuing to fall, the luxury destination club Botiga is delaying the purchase of its first group of homes.