Destination Club Property Ownership
In contrast to Private Residence Clubs, multiple-site Destination Clubs are suited for those people who do not want to be tied down to one spot.
In most cases, you pay a membership fee and yearly dues based on the number of weeks you want to use the club’s portfolio of locations each year.
Some companies, such as Private Escapes, offers unlimited stays, dependent on availability of course.
There are some Destination Clubs which cater to certain interests and have developed a portfolio of properties specializing in anything from real estate in great wine regions to the ever popular golf course homes.
Destination Clubs are popular because most of the properties have concierge services, which help you focus on the fun parts of your vacation And you get to stay in some of the most luxurious properties in the world, which otherwise would be inaccessible to you!
It’s more akin to high-end resort travel. One of the downsides of Destination Clubs is that, unlike Private Residence Clubs, Destination Clubs can not be viewed as an equity investment.
You do not own any part of the property.
If you wish to cancel your membership, your refund will typically be 80 to 90 percent of your membership fee, but it’s based on the length of time you’ve been a member.
Make sure you ask if there’s any requirement as to the number of shares sold in the club, before they will refund your membership fees.
According to Luxury Living magazine, some of the top destination clubs include, Yellowstone Club World, Solstice, Timbers Resorts, Quintess, and Ultimate Resort.
These clubs are not like the timeshare properties we’re all familiar with.
These are very upscale resorts with diverse, luxurious amenities.
The classic timeshare properties are not as flexible as to when you can use your weeks, and are not as “liquid” when you want to sell them.
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