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.
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.
The Rocksure Club has been growing its travel and lifestyle offerings, including a new membership for extended families. SherpaReport recently caught up with the clubs co-founder, David Rogers.
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.
For an in-depth understanding of destination clubs and residence funds, download our free guide. This book offers details about the various types of clubs and membership plans, how reservations work, the financial aspects you'll need to know, how these two vacation home alternatives compare to luxury second home ownership in terms of cost and questions you should ask when looking to join a club. We do ask you to register to access the Guide.