LFG Fractional Ownership News Blog

Quintess, The Leading Residences of the World’s parent company, Club Holdings, LLC, recently completed the largest equity investment announced to date in the Destination Club industry for $210 million USD. 

BROOMFIELD, Colo. (April 10, 2008) – Luxury destination club, Quintess, The Leading Residences of the World (LRW), announced today that its parent company, Club Holdings, LLC, received a commitment for $210 million in equity from an undisclosed Forbes 400 investor. The transaction is the largest infusion of capital announced to date for a luxury destination club, and is a cornerstone of the Company’s ten-year financing strategy. Read the rest of this entry »

The destination club Quintess, Leading Residences of the World, has launched a new program to give its members unique vacation experiences. These custom-designed packages range from snorkling the Great Barrier Reef in Australia, to a jeep safari in Croatia. Quintess, LRW plans to offer 40 to 60 vacation packages in 10 to 15 destinations worldwide. Members may use up to ten base-plan nights per year for these customized trips. The Club is able to offer these experiences through their hospitality partner, The Leading Hotels of the World. Click here to read the full press release.

Ultimate Resort has acquired Ventures Equity Vacation Club, a small vacation club based in Tampa. Ultimate gains six new homes and is able to add three new destinations to their portfolio. For more, see the press release below:

Ultimate Resort(R) Acquires BVG’s Ventures Equity Vacation Club

Acquisition Adds Six Multi-Million Dollar Club Properties and Three New Club Destinations

ORLANDO, Fla., Feb. 25 /PRNewswire/ — Ultimate Resort, the leader in the destination club industry with more global destinations than any other luxury destination club, announced today the acquisition of Ventures Equity Vacation Club, the destination club of Tampa-based resort developer BVG Incorporated. Ultimate Resort acquired Ventures Equity Vacation Club in exchange for an undisclosed amount of cash and membership interests in Ultimate Resort ELITE Club.

As part of the acquisition, Ultimate Resort acquired six new multi-million dollar club properties valued at approximately $17 million, including six new club homes in:

– Key West, Florida
– Indian Rocks Beach, Florida
– Lake Las Vegas, Nevada
– New York, New York
– Scottsdale, Arizona
– Beaver Creek, Colorado Read the rest of this entry »

Capricorne Villas gives a new and unique twist on the Destination Club concept. For a nominal membership fee, you can pick and choose between many ultra-luxurious villas around the world where you “pay as you stay”. They recently expanded their already phenomenal collection of properties with 12 new villas in Hawaii and Utah.

RANCHO SANTA FE, CA(Jan 22, 2008) — Capturing a new generation of affluent and luxury-oriented travelers, Capricorne Villas now offers an additional 12 villas in Maui, HI and Park City, UT to its members, bringing them a total of 70 villas worldwide to select from in the most desirable destinations.

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One Key, a unique alternative to traditional destination clubs, has expanded their portfolio again making Bend, Oregon the site of their newest vacation experience with the addition of an authentic ranch.

Mansfield, MA (January 16, 2008): City Slickers meet One Key, the Travel Card company. Today, One Key introduced an authentic ranch in Bend, Oregon to its ever-expanding list of destinations. Formerly a working ranch, this 300-acre experience provides the privacy only the wilderness has to offer with the casual luxury that any discerning traveler would welcome. Nestled at the base of the Cascade mountain range, this 4,500 square-foot ranch retreat rests at the end of a mile-long driveway lined with 100 year old Cottonwoods.

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The destination club Exclusive Resorts has been named an “Icon and Innovator” of 2007 by the luxury lifestyle magazine, Robb Report. The article notes that Exclusive Resorts has grown to 3,000 members - more than all the other destination clubs combined and that they now have over 350 homes in 40 locations. However the merger of Ultimate Resorts and Private Escapes (the second and third largest clubs) means they will have to work hard to remain on top. The full press release appears below:

Exclusive Resorts Named One of the Year’s ”Icons and Innovators” By Robb Report Magazine
DENVER–(BUSINESS WIRE)–Exclusive Resorts, the world‘s leading luxury destination club, has been recognized as an “Icon and Innovator” in the January 2008 edition of Robb Report, the definitive guide and authority on luxury living for ultra-affluent consumers. Selected by senior editors at Robb Report as one of the year‘s most innovative luxury companies, Exclusive Resorts is one of four companies that is changing the luxury landscape and “now enjoying the rewards of redefining luxury.”

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