Description
Destination M (formerly M Private Residences) is an equity destination club, in which the members join by buying one of the shares in the table below. The members own the club and have a management team that runs and operates the club for them. All the clubs properties are owned by the company in which the members buy shares, so the members initial fee has a good asset backing. The properties in the Destination M portfolio have been curated to provide members with memorable travel experiences. Factors they take into consideration include the location, seasonality, amenities such as golf and spa memberships, potential for appreciation, the overall 'wow' factor of the property and of course, the desires of their membership.
Holidays with Destination M are about experiences, whether it's a wine-tasting tour in the finest wine country in the world, a shopping adventure in the most cosmopolitan cities, or lazy days with family on one of the world's most beautiful beaches. Note the shares are priced in Canadian $ in the table below.
| Share Class |
A | B | C |
| Membership Fee (Can$) | $385,000 | $192,500 | $269,500 |
| Annual Dues (Can$) | $32,600 | $16,830 | $28,180 |
| Included Nights | 60 | 21 | 42 |
The club homes vary from a 2 bedroom city apartments to large 4 bedroom, 5,000 sq. ft homes. Members can reserve homes up to 2 years in the future.
Unique Features
The club is structured as a non-profit, so all the dues simply cover the costs of running the club and maintaining the homes. If there is any appreciation in the value of the properties members will receive all the appreciation.
One nice perk is that any stand-alone bookings within 30 days of travel do not count against a member's plan days.
The club is headquartered in Calgary, Alberta.
Overview
| Membership Pricing | |
| Initial Membership Fee (range) | C$192,500 - C$385,000 |
| Annual Dues (range) | C$16,830 - C$32,600 |
| # Nights | 21 - 60 |
| Membership Resale Policy | 92% private sale price |
| Homes | |
| # of homes | 34 |
| # of locations | 25 |
| Average Value | C$1.5 - C$2m |
| Club | |
| Number members | 175 |
| Founded | 2004 |
| % Homes owned | 19 @ 100%, others shared |
website
If you're seriously considering joining a destination club then download "Destination Clubs: A Guide for Prospective Members". The Guide will give you an in-depth view of the different clubs including their homes, services and questions to consider prior to joining. We do ask you to register prior to downloading the Guide.
www.destination-m.com
Read our interview with the club Chairman and CEO, Brian Anderson and read other news and analysis about Destination M in the articles below. If you're seriously considering joining a club, then read the SherpaReport "Destination Clubs & Residence Funds: A Guide for Prospective Members". This free Guide, published and updated every year since 2007, will give you an in-depth view of the different clubs, including their homes, services and questions to consider prior to joining. We do ask you to register to download the Guide.
