One of the many vacation clubs that offered not only luxury vacation properties to members, but also jet services, world-class automobiles, and exclusive concierge services. This model has increasingly been marketed as a destination club despite some noticeable model differences.
Unlike more traditional clubs where the club owns the assets available to members, Elite Shares does not own any assets and instead enters into partnership agreements with various organizations to provide residences, jets, and exotic cars to members.
As referenced in the club's general information "Unlike most fractional ownership clubs specializing in either destination properties, jet charters or automobiles alone, an Elite Shares Club membership provides total access to all of the above luxury amenities programs and more, through our strategic partnerships with some of the most reputable vendors and global exchange networks available under one membership. Elite Shares provides its' membership with an intelligent combination of second home atmospheres in exotic settings with private jet charters and a multitude of additional luxury amenities without the maintenance worries and headaches associated with ownership."
This model allows the club to rapidly bring on new destinations and services and remove properties and services that do not meet the club or member's standards. In addition, the club only pays for these amenities when they are actually in use by members allowing for significantly lower monthly overhead costs.
Elite Shares offered two different membership plans; Premium and Lifestyle. Premium members paid an up front membership fee and annual dues and were provided preferential pricing on all of the amenities available through Elite Shares. Lifestyle membership functioned much like One Key World or Emperum Club, where members did not have a membership deposit but paid funds into an account that debited costs as the members accessed the club's amenities and services at a slightly higher rate than Premium's pricing.
Within the Premium membership plan were three distinct membership types: one specifically for individuals, one for corporations, and a final offering focused on publically traded companies. Called the "Common Stock Equity Fund Membership," approved CEOs, officers, or affiliates of publically traded companies listed on the New York Stock Exchange could deposit common stock within the Elite Shares Fund as their initial funds and annual dues.
To learn more about Elite Shares Club, please visit the club's quick links found to the right or request a free copy of our Destination Club Guide.
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