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 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 equity residence fund has recently opened new homes. For a couple of these homes the fund did renovations after acquiring them, in order to bring them up to the funds standards. The homes represent a mix of beach, mountain and city residences for the exclusive use of investor members.
Last year, luxury destination club Inspirato launched a new one-of-a-kind program – Inspirato Pass. The monthly subscription program offers unlimited access to all sorts of membership benefits, including exclusive vacation properties, hotel rooms, and custom travel experiences. SherpaReport checked in with Inspirato for an update on Inspirato Pass and to see what customers think.
Equity Residences continues to add new residences in popular beach destinations in both Hawaii and the Caribbean. Managing Director Greg Salley told us about the two newest acquisitions in Providenciales, Turks and Caicos, and Poipu, Kauai. Both destinations are in high demand by the Equity Platinum Fund investors.
Early last year Equity Residences offered a trial membership program for a few months, and this year it’s back on offer. This was largely in response to requests from interested investors, who wanted to try the Equity Platinum Fund vaction homes, before fully investing.
To continue the momentum from Equity Estates Funds I, II, and III, CEO and Founder, Philip Mekelburg announced the launch of Equity Estates Fund IV, an alternative investment that buys luxury vacation residences for use by the investors.
Equity Residences’ Equity Platinum Fund continues to grow their vacation home portfolio with their latest residence on St John in the US Virgin Islands.
The luxury travel club Rocksure has two supercar journeys planned for members in 2020. In June, members will travel around the highlands of Scotland for 10 nights, and in September will drive down through France ending in Monte Carlo. The trips include a choice of some of the world’s most glamorous cars including an Aston Martin DB9 Volante, Ferrari F430 Spider, Audi R8 V10 Spyder or Porsche 911 Turbo Cabriolet.
Traveling with children can bring its own challenges, from ensuring that they are safe to providing enough activities that parents don’t hear the dreaded moan “I’m bored”. For members at destination clubs the concierge services are there to take care of everyone’s needs, including the younger members of the family. SherpaReport spoke to several destination clubs to find out what they have to offer families and groups traveling with children.
In a new twist to its vacation home funds, Equity Residences has launched a fund that is focused on buying homes at Mammoth Mountain in Southern California.
The earlier funds from Equity Residences have bought homes in a variety of locations across North America, so this is the first of their funds to be aimed at just one location.
Equity Estates Fund III, announced today that they successfully welcomed over $8.5 million in new capital contributions from Residential Club Holdings, (RCH) members. RCH is made up of members from the old Abercrombie & Kent Private Residence Club, who for the past six years, had been cared for by Exclusive Resorts.