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Originally Posted by Desties  The homes that were purchased were the owned ones. At least everyone from WSJ to Halogen referred to them as owned at the time.
As for the claim that UR is the second largest club in terms of assets behind ER, that certainly appears to be the case. PE and UR referred to their deal as a combination of $200 million in assets. The T&H deal alone is enough for $100 million in assets (and discounted ones, at that), and UR obviously had a handful of homes for their pre-T&H membership (even if twas less than 100 at the time) and has gone on to acquire a few more since. |
Thanks Jam for chiming in on the lease homes. Still, if I add up liabilities, even those on a 5+ year horizon, I count $150M (incl 50% leverage on T&H owned homes) Regarding assests, have been researching other clubs and while one appears to have well over $200M it's the net asset coverage of member deposit liability that is winning.
04-08-2008, 01:27 AM
Re: Halogen Guides - Ultimate Escapes vs Exclusive Resorts 
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