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| | #41 |
| Senior Member Join Date: Dec 2007 Location: Ellicott City, MD
Posts: 239
Club: Abercrombie & Kent Residence Club | |
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| | #42 |
| Senior Member Join Date: May 2008 Location: Denver
Posts: 147
Club: Quintess | I can't give away ALL my secrets ! ![]() Let it suffice to say that our relationship with LHW comes in handy.
__________________ Michael Aumock Director, Membership Development Quintess, The Leading Residences of the World |
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| | #43 |
| Super Moderator Join Date: Nov 2007
Posts: 1,651
| hmm, similar to A&K and UE, whereas ER seems to pick individual offerings. |
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| | #44 | |
| Senior Member Join Date: May 2008 Location: Denver
Posts: 147
Club: Quintess | Quote:
They took off kind of slow, but has really gained momentum in the last 3 months or so. It is a great way to try a new destination without any sort of serious commitment, as well as expand our destinations available (Although we never use "Experience" destinations in our official count for either availability or actual destinations) The latest round of Experiences included a suite at the Hay-Adams and rooftop White House fireworks display over last weekend. Most are not event-specific, however.
__________________ Michael Aumock Director, Membership Development Quintess, The Leading Residences of the World | |
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| | #45 |
| Senior Member Join Date: May 2008 Location: Denver
Posts: 147
Club: Quintess | I heard somewhere (correct me if I'm wrong) that some other clubs charge extra...sometimes to the point of barely providing a discount on what it would cost to arrange and take the trip yourself, PLUS a plan night.
__________________ Michael Aumock Director, Membership Development Quintess, The Leading Residences of the World |
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| | #46 |
| Senior Member Join Date: May 2008 Location: Denver
Posts: 147
Club: Quintess | ![]() I wish I was JetMikey again!
__________________ Michael Aumock Director, Membership Development Quintess, The Leading Residences of the World |
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| | #47 | |
| Senior Member Join Date: Dec 2007 Location: Ellicott City, MD
Posts: 239
Club: Abercrombie & Kent Residence Club | Quote:
By leasing homes or doing things that have been mentioned in this thread, clubs can see what the real demand is without making a 3mm mistake. | |
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| | #48 | |
| Super Moderator Join Date: Nov 2007
Posts: 1,651
| Quote:
A&K > | |
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| | #49 | |
| Senior Member Join Date: May 2008 Location: Denver
Posts: 147
Club: Quintess | Quote:
I have to agree with you. You are a rare mix of requirements that doesn't fit the typical mold of existing DCs. I can look at the amount of research you have done, the posts you have put up here, the input from our fellow DC members and what I know about the industry as a whole and admit that you fall between the cracks of several good clubs for several good reasons. I would offer up my fail-safe: Quintess will give you 100% of your deposit back if you join and aren't happy in the first year. (as well as any unused dues) At least that would get you travelling, and give you plenty of time to see if another DC would work better than or in addition to your Quintess membership. Who knows...Maybe someone will start an empty-nesters club in the meantime ![]()
__________________ Michael Aumock Director, Membership Development Quintess, The Leading Residences of the World | |
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| | #50 | |
| Super Moderator Join Date: Jan 2008 Location: Texas
Posts: 749
Club: LUSSO Collection | Quote:
(Those familiar: was very much like depositing an RCI week to use toward a cruise "discount"... that when one did their homework, found they could have the same savings by booking direct!)
__________________ "Boutique" is better! Another extremely satisfied LUSSO member! | |
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| | #51 |
| Super Moderator Join Date: Nov 2007
Posts: 1,651
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| | #52 |
| Super Moderator Join Date: Jan 2008 Location: Texas
Posts: 749
Club: LUSSO Collection | If we are going there, kage, LUSSO gives you back 100%, indefinitely! (anytime after 18 months of membership)
__________________ "Boutique" is better! Another extremely satisfied LUSSO member! |
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| | #53 |
| Super Moderator Join Date: Nov 2007
Posts: 1,651
| right so not in the first year. well i guess 18 months is close enough. |
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| | #54 | |
| Senior Member Join Date: May 2008 Location: Denver
Posts: 147
Club: Quintess | Quote:
Join all three, maximize holiday time and flexibility and see which one(s) you like best. Because at Q you get a Member Travel Advisor that books all your trips, (Even non-club travel) You could even (gulp) have them book your trips for other club travel besides Quintess ( but just keep that between us, OK?) ![]()
__________________ Michael Aumock Director, Membership Development Quintess, The Leading Residences of the World | |
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| | #55 |
| Senior Member Join Date: May 2008 Location: Canada
Posts: 320
Club: High Country Club | I think I've exhausted my energy for tracking down alternatives for the time being. I don't know that I've done a good job of expressing what I'm looking for because it is decidedly different than what the rest of the people here seem to be looking for. Probably the best way to describe it is that I had thought a DC (or DC's) might be a solid addition to a portfolio of vacation opportunities that are available to me/us. That portfolio includes wholly owned properties. Yes, I know everyone on here thinks whole ownership is something approaching insanity but our properties have weathered the storm quite well and continued to show decent increases in value. We've bought pre-construction in the Caribbean and that's working well for us. The focus on corporate or friends and family memberships was to allow other co-owners to use the owned properties OR "trade" into a DC property should they tire of returning to the same property each year. We had also considered adding some fractional interests to the portfolio - albeit only on the resale market. The concept is to provide a variety of options to the co-owners, allow shared access to the portfolio, allow full participation in equity growth in the components that allow for that, allow people to "opt-out" of components that don't fit their lifestyle. Ultimately, one of the hurdles is the fact that everyone has a different objective in mind so managing something of this nature is a challenge, educating people about the options is a challenge and getting buy-in for the various pieces is also a challenge. Ultimately, people can just opt to travel the all-inclusive route, the rent as you go approach, cruiselines, etc. The options are seemingly endless with positives and negatives to each. To return to the DC discussion - I've not found any DC model that actually provides "real" equity participation at a level that I deem to be acceptable. Every club has their hidden and not so hidden "gotchas", every club slices the dollars to their advantage (I guess in the name of business). Some of the clauses in these contracts are truly surprising. The clubs I've taken a serious look at are as follows (in no particular order): - HCC - DHH - Equity Estates - Lusso - UE I've taken a less serious and involved look at the following although I did some detailed review nonetheless (some more than others): - Quintess - ER - A&K The key variable was the economic cost per night with the last 3 exceeding my self-imposed threshold. What was particularly interesting for me was that some "equity" clubs annual dues seemed out of step with their professed lack or minimization of debt. Of course the variability of the value of the properties is a big factor in this. So FWIW, here's some observations and conclusions as I've made my way through this process (remember your mileage may vary and these are my observations and you may not have experienced or may not experience any or all of what follows):
Thanks for listening and thanks for your input. Last edited by caribbeansun; 07-08-2008 at 02:50 PM. |
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