Blending a mix of several backgrounds, BelleHavens' Founder Darin Gilson would say, "I didn't intend to start a club. My wife and I were looking for a second home about six or seven years ago, and then the rational part of my mind took over and I thought, 'How much will we really use it?' and my wife reminded me that 'you can't even take care of one home.'"
Led by Gilson, BelleHavens would bring a new equity structure to the design of their destination club. The club would own properties debt-free and members would own the club. The club would grow successfully and the benefits of their structure would be validated when Tanner & Haley, the pioneer of the non-equity destination club model, would file for bankruptcy.
"Fortunately, members of BelleHavens, the first equity destination club, have no cause for concern," the club would write following the Tanner & Haley bankruptcy. "We have built a club around the goal of providing unprecedented asset protection for our members. BelleHavensí members are equity owners of the club that owns a collection of magnificent homes, free and clear of all debt. Therefore, a membership in BelleHavens is backed by a diversified portfolio of real estate, providing true asset protection behind the membership deposit. This differs from most other clubs, which offer non-equity memberships and often rely on attracting enough new members to keep ahead of large debt burdens and lease payments."
The club would continue to show positive strides and establish themselves as one of the premier clubs in the sector before being acquired alongside Crescendo Residences, another leading equity destination club, to form the foundation for the Abercrombie & Kent Residence Club.
Prior to the acquisition by Abercrombie & Kent, the BelleHavens Board of Directors was composed of individuals with backgrounds in corporate law, real estate, venture capital, insurance, and technology, giving the club a strong entrepreneurial support structure.
President - BelleHavens
Managing Director - JP Morgan Investment Bank
Partner - Diversified Insurance Brokers
Partner - Banyan Ventures
Director - Utah Sports Commission
Vice President - BelleHavens