Fractional Destination Clubs

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Fractional Destination and Private Residence Clubs

Destination Clubs are based around members sharing a portfolio of fully-furnished, multi-bedroom residences around the world.

Members usually pay an upfront deposit and an annual fee for exclusive access to a multitude of properties which can be a mixture of holiday beach, ski and city residences.

While there are several variations, the basic choice is between equity and non-equity clubs. The latter operates in a similar fashion to the membership model of a country club whilst the equity model takes a pinch of the PRC formula and applies it to the value of an overall property portfolio rather than a single residence.

In both models, club members provide a large up-front sum and an annual fee. The up-front payment is a deposit, and when they resign from the club, members receive between 80-100% of that deposit back.

There are some exceptions and 'hybrids' so each opportunity should be closely scrutinized.

The majority of Clubs have a comprehensive online booking system which allows members to select suitable holiday periods with the minimum of fuss.

25 Questions To Ask About Fractional Destination Clubs

Glenmor® at Gleneagles®

Glenmor® is a tranquil Scottish village of exclusive holiday homes set within the spectacular grounds of The Gleneagles® Hotel, one of the world’s leading resorts. Each luxury home is available to buy through Seasonal Ownership. This means that for a one-off purchase, you can enjoy a guaranteed holiday week in the same home at the same time each year. And not just this year, but until 2058. From Scotland’s crisp winters to long summer evenings, you choose the season or seasons that suit you best.

Location: United Kingdom