Destination Clubs

How Value-Added Remodeling Transforms Equity Residences Homes

Thu, 11 Jan 2024 16:51:45 GMT

The Equity Residences management team has always believed that delivering value to investors starts with acquiring the right vacation homes, in the right locations, at the right time, at the right prices. Sometimes they buy these homes, like the Mauna Lani Resort Villas in Hawaii or the North Star Resort home in the California’s Lake Tahoe area, directly from developers at pre-construction prices. These homes require no upgrades and are ready for investors as soon as they are purchased.

Other times, the Equity Residences team finds diamonds in the rough that require extensive upgrades and remodels before investors can enjoy their first vacation experience. Equity Residences’ first fund, the Equity Villa Fund, took advantage of short sales and foreclosures after the 2008 financial crisis, acquiring well-located but neglected homes for cents on the dollar. These residences were then transformed into luxury accommodations for investors, creating millions of dollars of equity prior to occupancy.

Inspirato Rewards, New CEO and More

Fri, 15 Dec 2023 00:59:20 GMT

Luxury travel club Inspirato has recently introduced a member loyalty program simply called Inspirato Rewards. SherpaReport spoke to David Kallery, Inspirato President, about the new program and other recent changes at the club.

Exclusive Resorts Expands Partnerships & Destinations

Wed, 06 Dec 2023 19:59:13 GMT

Luxury vacation club Exclusive Resorts is celebrating its 20th anniversary this year, and has been adding new vacation destinations and once-in-a-lifetime experiences to its portfolio. With continuing growth and demand, the club is planning to increase prices at the end of the year.

Reviewing Luxury Vacation Home Alternatives

Thu, 07 Dec 2023 02:59:46 GMT

For many people, owning a luxury vacation home in an exclusive location has long been an aspiration. However, the costs, maintenance, and the reality of limited usage have driven many individuals to explore alternative models. And these models have proliferated, to the extent that there are multiple options, each with their own advantages and disadvantages. There’s no one size fits all and it’s a very personal decision to find the ones that best fit you and your family.

This article runs through the different options and explains the rather confusing terminology. Many of the organizations use the same terms to describe different offerings. Continue reading to bring some light to this confusion.

The Top 10 Reasons to Join a Travel Club

Fri, 08 Sep 2023 22:25:13 GMT

We’re in a new golden era for members clubs - and the modern travel club is the membership that surpasses all.

While the concept of a private society dates back for centuries - originally as a place for the aristocracy to gather unburdened by the public eye - today’s modern clubs are flourishing with a more worldly point of view. A nexus for like-minded individuals, the most valuable memberships reach far beyond the walls of any clubhouse, offering a horizon-broadening environment where creativity and curiosity can flourish. And with the joys of travel at an all-time peak, there’s a new club emerging as the most coveted membership of all: the luxury travel club.

The August Collection - A New European Co-Ownership Group

Thu, 06 Jul 2023 13:27:15 GMT

The newest, and arguably most elegant European co-ownership platform, founded in 2020, is August. The development of their first collection was completed at the end of summer, 2022, and all five homes purchased are already being enjoyed by the August co-owners.

Equity Residences Adds Home Overlooking Central Park & Completes Belize Remodel

Wed, 07 Jun 2023 19:36:14 GMT

The luxury vacation home fund manager, Equity Residences, has added a new home in New York City for use by it’s investors. It has also completed the addition to the Belize home it acquired last year.

Why Members Joined Exclusive Resorts

Thu, 02 Mar 2023 00:58:25 GMT

SherpaReport looked at why families had opted for the personalized and ultra-private experiences of Exclusive Resorts. These families talked about all aspects of club membership, from the predictability of the Club’s fixed pricing model to leaving a lasting legacy of travel.

Inspirato Launches JauntLiving and Inspirato for Good.

Fri, 10 Feb 2023 16:58:35 GMT

The people at luxury travel club Inspirato understand how difficult it can be to leave one of their luxury vacation properties after just a week of rest and relaxation. They know that their members are likely to fall in love with a destination and want to stay for perhaps a month… or six. That’s why they have launched the new JauntLiving Program, designed to let members enjoy extended stays with all-inclusive fees.

Further Growth at Destination M With New York Home

Tue, 29 Nov 2022 01:51:24 GMT

The Calgary headquartered equity destination Club, Destination-M, is excited to announce that it has recently closed on an offering to new shareholders, and as a result has added a new property at Central Park West in New York.