Good News For The Vacation Homeless: Luxury Membership Options Emerge Following The Ultimate Escapes Bankruptcy
Demeure's Borgo De Vagli residence, Tuscany For those of us who have followed a fallout from a Ultimate Escapes bankruptcy, it has been a rough ride. I have created about this failure before on Luxist, though here is a small refresher prcis. Ultimate Escapes was a tall end, luxury, non-equity formed destination club, as well as a second largest in a industry. Members paid in between $150,000 as well as $800,000 membership deposit, as well as most thousands some-more in annual dues. For those fees, they took vacations to exotic places as well as stay in well-developed residences, villas as well as condos. There were over 1400 members when a bar bankrupted in mid-September, 2010. It was then a fifth vital bankruptcy in five years for a non-equity destination bar space. Prior to Ultimate escapes was Tanner & Haley, Lusso, High Country Club, Solstice, as well as right away this. For members, attention watchers as well as most others, this failure began a critical re-thinking proce...