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 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.
The Calgary based equity destination club recently shared some details on the reservations and usage of their homes. The numbers provide some good insights into which homes their members prefer and when they like to stay there. Here’s a walkthrough on the uses and preferences.