Tanner & Haley Final Sale
The membership levels being offered are shown in the table below:
| T&H Club | New Club | New Membership Level | Market Value | Annual Fee |
| Private Retreats | Club 1 | Lifetime Bronze Membership | $125,000 | $9,500 |
| Distinctive Retreats | Club 2 | Lifetime Bronze Membership | $200,000 | $14,000 |
| Legendary Retreats | Club 2 | Lifetime Platinum Membership | $350,000 | $24,500 |
Club 1 plans to have homes with an average value of $2m and Club 2 homes will have an average value of $3.5m.
The acquisition by Ultimate Resorts still needs the approval of 400 of Tanner & Haleys 874 members. As part of the conversion, members will also be offered the opportunity to invest in the equity of the club they join.
All 120 employees at T&H will be offered employment under this deal.
T&H filed for chapter 11 bankruptcy this summer and went through a process that included talking to 27 potential acquirer's, which resulted in six formal offers for the T&H assets and serious discussions with 3 of the potential acquirers. This was the first ever bankruptcy filing in the Destination Club industry.
Destination Club and Residence Fund Guide
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.