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.
As Equity Estates celebrates its 10th anniversary, the company continues to retain its strong position in the luxury destination residence sector. The second investment fund looks likely to be sold out by the year’s end.
It sounds simple enough: a group of siblings all decide to buy a holiday home. Or perhaps a couple want to buy a property that will be shared by their children. Everyone can use it as they wish, either separately or together. But then it all falls apart.
John Long is a Managing Director and co-founder of Equity Residences. Currently, Equity Residences has two funds -- the Equity Villa Fund and Equity Platinum Fund. I recently spoke to John about Equity Residences, its growth in 2016 and plans for 2017.
Vacation real estate private equity firm, Equity Residences, recently acquired a new home in the Northstar Resort at Lake Tahoe, continuing their focus on generating strong investment returns for their investors. Designed by renowned architect Bohlin Cywinski Jackson, the residence is located mid-mountain near the Ritz-Carlton Northstar.
More people than ever are choosing to take group vacations. According to the Wall Street Journal this is "fueled largely by extended families and multi-generational vacations", and now "groups of couples and singles are jumping in". Both The Wall Street Journal and Travel + Leisure have picked up on this trend, offering advice for ensuring a fun time is had by all.
Last year we noted that the strength of the US$ was making Canadian and European equity destination clubs much cheaper for US$ investors. The recent Brexit vote has caused the pound to plunge to its lowest level against the US$ for 30 years, making UK based clubs even better value.
Since 2004, Destination M has been providing vacation experiences for its members. This equity destination club recently changed its name from M Private Residences. The non-profit club owns luxury vacation homes around the world.