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.
Destination club Inspirato with American Express has grown very rapidly since its launch in 2011. Its members have exclusive access to a collection of luxury vacation homes and can participate in members-only experiences and VIP events. SherpaReport talked to founder and CEO Brent Handler.
Rocksure is launching two new US funds. The Manhattan fund will buy apartments in New York City and the Liberty fund will buy apartments in 6 US cities. Investors in the funds can use the apartments during the life of the funds.
When deciding whether or not to join a destination club, prospective members often compare investing in a second home, to purchasing a destination club membership. For many years, SherpaReport has been hearing the reasons travelers choose to join these clubs rather than buying a second home. A new study by Exclusive Resorts shows a similar set of results.
This Calgary based equity destination club is unique, in that it is the only club owned and managed by its member shareholders. M's board of directors is comprised of M shareholders who over see the strategic, tactical and financial direction of the club. SherpaReport recently caught up with General Manager John Beckel.
The luxury residence fund, or equity destination club, Equity Estates launched its second fund last year. We caught up with founder and CEO Philip Mekelburg to talk through the funds and what it means to be an investor in Equity Estates.
Quintess Collection, a leading destination club, is celebrating their 10-year anniversary by announcing additional special partnerships, more luxury residences, and unique adventures.
One of the largest destination clubs, Exclusive Resorts, has recently started to allow members to resell a portion of their memberships. This change was one of a group of enhancements that the club introduced earlier this year as part of its 10th anniversary.
We are launching a new series of interviews with executives from various destination clubs. Our first interview is with Rob Vaka, Chief Giving Officer of G2G Collection. While G2G Collection was founded in 2013, Rob was previously with Equity Estates.
For the members of the equity destination club, Equity Residences, there are now dozens of new destinations to choose from. The clubs homes join the global network of luxury residences in Elite Alliance. This includes destinations around the world, such as Napa Valley - California, Florence - Italy, Southampton – Bermuda, Great Exuma – Bahamas, Cabo San Lucas – Mexico, Deer Valley – Utah, La Quinta – California and Sedona – Arizona.