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.
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.
Luxury destination club Inspirato recently introduced a subscription-based program to its membership offerings. With Inspirato Pass, subscribers can gain unlimited access to exclusive vacation properties, five-star hotel rooms and unique travel experiences, all for one set monthly fee, with no additional taxes or hidden charges.
Since its launch in 2002, Exclusive Resorts has grown to become one of the leading destination clubs. Members, who have the options of joining either a 30-year or 10-year plan, gain access to a portfolio of more than 400 luxury residences in more than 120 destinations around the globe.
Members also enjoy an array of additional benefits, such as Gold Medallion status with Delta’s SkyMiles, access to Delta private jets, Avis Chairman’s Club membership and priority entry to a variety of restaurants. But one of the most impressive benefits of membership is access to a series of curated luxury once-in-a-lifetime vacation experiences.
SherpaReport recently caught up with Brian Anderson, the new CEO and current Chairman of the Board at Destination M. We talked about the destination club, its plans, membership structure, home locations and more.
A new program launched by Inspirato last summer is allowing luxury home buyers and owners to partner with the company. Billed as offering “all of the benefits of luxury vacation homeownership, with none of the headaches”, Inspirato Real Estate is a way of building the Inspirato Collection of vacation properties while making it easier for owners to rent out their homes.
The Solstice Collection offers its members access to some unique artisanal second homes, spread around the world. SherpaReport recently asked how these homes are being used, which ones are most popular and which ones the members prefer.
Equity Residences has rolled out a limited time offer for accredited investors who want to test their business model and get a full investor experience. You can put down a deposit that equals 10% of the investment amount, and then stay at the fund homes for vacations.
Luxury residence fund Equity Estates has residences around the globe for its members. Investors into the funds (the third fund is currently accepting new owner members) don’t just enjoy the homes for vacations; they also own them and benefit from any increase in property value once the fund sells the homes. Equity Estates has shared some insights into their reservation process and home usage statistics.
Investors in luxury real estate investment fund Equity Residences recently made their main reservations for the year ahead. SherpaReport caught up with the fund management to find out about the most popular homes.
There are three pieces to the cost of being a member of Inspirato. One is the initial membership fee, then there are annual dues and lastly there is the cost of each night that you travel with the club. Here are some examples of each of these prices.
The destination club has two types of memberships available, its more traditional 30-year membership and a newer 10-year membership. Both types of members can travel across the Club’s full portfolio of 400+ luxury residences and experiences spanning 120+ destinations.
Destination club Equity Residences recently announced their new Costa Rica addition to their Equity Platinum Fund portfolio. The funds investors can already stay at their brand-new Playa Potrero beachfront home, which offers sunset views over the Pacific Ocean. So far this year, Equity Residences has launched 5 homes located in 4 different countries and the state of Hawaii bringing their total to 16 owned residences.
As a leading luxury hospitality and destination club, Inspirato oversees a large portfolio of vacation homes, hotel and resort partners, and custom experiences spanning the globe. The Denver-based company promises its members across-the-board refinement, accommodations, and professionally curated access to some of the most coveted destinations and events in the world.
This year has seen that portfolio expand to encompass a whole new lineup of high-end residences, hotels, resorts, cruises, land-based expeditions, and VIP packages. Here's an overview of some of these dozens of additions to the Inspirato Collection.
Luxury vacation residence club Equity Estates launched its third fund almost a year ago. It’s already bought five homes for the fund investors. In addition, it is organizing custom expeditions for the investors and their families.
Ever since Rocksure launched its first Property Fund in 2006, they’ve have had a tremendous focus on service. Each villa in their funds had its own cook and housekeeper, as well as having expert local travel planners to assist the discerning members. This philosophy has carried over to the new travel and lifestyle club, The Rocksure Club.
In an interesting move, equity destination club, Destination M, is introducing a waitlist for potential new member/investors. Waitlisted members will be invited to fully join the club and become investors when a new property is being purchased, so their funds are specifically used to buy a new home.
Equity Residences announced that the charter investment round for their Equity Platinum Fund is closing at the end of February. Over 60 investors are participating in the charter round, which is purchasing the first 5 of the up to 25 residences the Equity Platinum Fund will acquire.
Hurricane season may now be behind us, but for many owners of vacation homes, the battles with insurance and the lengthy rebuilding process continue. 2017’s hurricane season was the fifth most active since official records began in 1851. Of the season’s six major hurricanes, Maria, Irma, and Harvey proved especially devastating, causing millions of dollars’ worth of damage.
Previous articles have looked at the benefits of membership in a destination club as opposed to outright ownership of a vacation home. In this article, we will look at the merits of membership versus ownership, in light of dealing with damage from hurricanes and other natural disasters.
SherpaReport recently spoke to one of the founders of Equity Residences. We discussed the growth, structure and future plans for this manager of shared-ownership, luxury vacation homes.