Secure your track on the thriving destination club market and live-up the life on million-dollar alley.
Imagine a club that hands its members the key to a lifetime of vacations in he world’s most coveted destinations. They stay in elegant residences, where they enjoy meticulous service—every detail is handled, every annoyance banished. When they return home, the club continues to deliver special privileges that add luxury and convenience to their daily lives. That’s the concept behind The Leading Residences of the World, a luxury destination club created by a team that includes The Leading Hotels of the World.
Cabo
For a one-time deposit of $325,000 and annual dues of about $15,000, you too can become a member. You can have access to this prestigious collection of fully serviced accommodations in world-class locations at a fraction of the cost of purchasing and maintaining a single resort home. The residences are located in upper-tier beach, golf, and ski destinations, as well as world’s greatest cities, including New York City, London, and Paris.
Canouan Island
There is perhaps no other niche within the real estate industry experiencing more explosive growth than luxury destination clubs. A relatively recent phenomenon, destination clubs first emerged on the horizon in the late 1990s and quickly gained a foothold among affluent consumers as an appealing alternative to owning a second home. Less financial risk, fewer maintenance worries and a more luxurious and personalized vacation experience are among the primary reasons for the brisk growth of the luxury destination club market. While still considered in its infancy, the segment is booking and industry sources agree that soon it will surpass the $1 billion mark.
According to Steve Dering, Chief Marketing Officer of The Leading Residences of the World, the rapid growth of destination clubs parallels the tremendous demand for luxury products and services, in everything from couture fashion to fractional jet ownership, that cater to today’s most discerning consumers. “Today’s luxury real estate buyer seeks experiences and settings that are, by definition superior. For this reason, destination clubs will very naturally resonate with baby boomers.”
The Milestone
While destination clubs are considered a logical extension of the 40-year-old timeshare models and the more recent fractional or private residence industries, they have marked differences. “Destination clubs are, in fact, more akin to an investment in a country club community,” says Dering. “While timeshare and fractional consumers buy ¼ to 1/51 share of a specific property with the hope of swapping their time with other owners, by contrast, destination club buyers are purchasing access to some of the world’s most magnificent destinations, with none of the risk associated with traditional vacation home equity.” Another compelling reason that the future if bright for luxury destination clubs is in the manner in which membership levels are managed against destination portfolio size to accommodate customer demand.
Additionally, The Leading Residences of the World has a proprietary reservations system, which ensures that all members have equal access to all destinations in any given year. The clubs also allow a specific and limited number of consumers to purchase membership in a club rather than equity in actual real estate. This non-equity product provides consumers with significant less commitment of capital investment by refunding all or a great deal of a one-time membership deposit.
The Peaks
Unlike timeshares, most destination clubs target the most affluent traveler, affording them access to multi-million dollar homes throughout the world. Sough-after locations, exceptional design, service and amenities define the luxury destination club experience.
New York Palace
Royal Riviera
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