The Ritz-Carlton Hotel Company, has unveiled of The Ritz-Carlton Destination Club, an equity-based private membership program that offers two choices – either a Home Club Membership (identical to the successful fractional ownership offering) which provides use of a titled residence at a property they can return to throughout the year, or a deeded, Portfolio Membership which affords the opportunity to discover a wide variety of destinations and accommodations.
Members with a Home Club preference enjoy up to 35 days of pre-reserved access at their specific Club annually, and can also use a portion of their time at other locations on a reciprocal use basis in accordance with reservation procedures. Home Club prices range from the low $100,000s to the low $800,000s per deeded interest.
Conversely, Portfolio Memberships offer a beneficial interest in a trust where Members can customize their vacations through a points-based currency. This annual allotment of currency is used to reserve accommodations based on their travel dates and residence floor plan best suited for their trip. An initial membership grants 5,000 Club points, but additional interests can be purchased in 2,500 Club point increments. Portfolio Membership pricing starts at $130,000 for 5,000 annual Club points.
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