Luxury Fractional Guide
Early April 2007 Ultimate Resort
Dear Jill,
Though we usually focus on Fractionals, we cover Destination Clubs as well because they are another great fit for those who want the second-home lifestyle without all the ownership hassles. Ultimate Resort was one of the first Destination Clubs we covered in our Spotlight series, and we felt it was time to revisit them since they have grown tremendously since then. Once the number four player in the industry, UR is now the second largest destination club with over 800 members. Read on to find out how this fast-growing club has evolved.
The Destinations
  UR-Nevis
UR now has over 100 homes in 26 destinations. New additions to the portfolio include Nevis (pictured at left), Kiawah Island, Maui, La Quinta, Vail, Telluride, Sun Valley, London and Paris. Their other destinations are: Abacos, Bahamas; Candlewood Lake, CT; Jackson Hole, WY; Lake Tahoe, NV; Los Cabos, Mexico; Miami Beach, FL; Naples, FL; Newport, RI; New York City, NY; Oahu, HI ; Orlando, FL; Palm Beach, FL; Park City, UT; Scottsdale, AZ; Steamboat Springs, CO; Stowe, VT; and St. Thomas, USVI. The portfolio provides a nice balance of US and international locations. And more international destinations are in the planning stages, including two in Italy, plus ones in Costa Rica and Canada.
The Membership
  UR-Steamboat
Early this year UR made a major upgrade in their membership options with the introduction of Ultimate Resort ELITE. The homes in the ELITE portfolio average $3.5 million dollars, compared to homes in the $2 million dollar range for the standard Ultimate Resort membership. Almost all of their destinations include homes at both levels, though the ELITE level does offer a few destinations that the standard level does not, such as Paris and St. Thomas.

When you join UR you become a member of the club with access to all of the club’s destinations (this differs from fractional ownership, where you usually own at one specific property and will do most of your vacationing there). You pay an initial membership deposit plus an annual fee. UR offers five different membership options for both their ELITE and standard levels, based on the number of days of planned vacation available each year (ranging from 14 to 42 days). In addition to planned vacation, UR also offers Space Available reservations within 90-180 days (depending on your membership level).

UR has a Membership Warranty that is unique in the industry. It guarantees members’ investments by placing properties in a Members Trust. Members can also redeem their membership deposit for 80% of the then current membership fee -- the “then current” part is important because it means that as membership fees rise, so does the value of your deposit.

The Residences
  UR-Los Cabos
One of the areas where Destination Clubs tend to stand out from fractional properties is the size of the homes. UR is no exception. They offer luxurious 3- to 5-bedroom homes that typically range from 3,000 to 5,000 square feet. Club residences are spacious and beautifully appointed. Homes feature chef’s kitchens and spa-like bathrooms. Many also offer private pools (such as the one at the Los Cabos home at left) or hot tubs and the amenities of an exclusive resort. The residences come equipped with top-of-the-line technology such as plasma TVs, iPod docking stations, wireless high-speed Internet, and video game entertainment centers. They’ll even display your family photos in digital photo frames throughout the home!

UR takes customer service seriously and provides an onsite Ultimate Concierge who is your local host at every destination. Available to you 24 hours a day, the Ultimate Concierge takes care of every detail of your vacation, from stocking your refrigerator and wine cellar, to booking tee times and making reservations at the best restaurants.

The Opportunity
  UR-Miami Beach
What we’ve covered about UR today is only the tip of the iceberg. To learn more about Ultimate Resort and the exciting Destination Club lifestyle, click the link below to request their free Membership Portfolio. Memberships range from $125,000 to $375,000, depending on the plan. As a special offer through Luxury Fractional Guide, any of our subscribers who would like to reserve a membership in Ultimate Resort by May 8th will receive a $10,000 discount off the standard membership price!




Warm Regards,

Sherman Potvin
The Fractional Real Estate Expert
Luxury Fractional Guide

 

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