Grand Resort Properties
Notes From The Club
Omaha's first destination club, Grand Resort Properties combined a midwestern approach with a collection of drivable destinations such as Lake of the Ozarks and Dahlonega and more conventional destination club locales such as Cabo and Panama.
The young destination club would offer both equity membership options and more traditional memberships, requiring a refundable membership deposit, annual dues, and nightly fees. Quietly, Grand Resort Properties would grow to roughly 50 members, 10% of their long term goal of 500 members. These members would have access to a collection of vacation residences valued at approximately $2.3 million each. In addition, members would have a portfolio of luxury yachts available to them.
Implementing an organic growth model, Grand Resort Properties would have a small executive staff and focus on stability, but was unable to weather the poor economic conditions of 2009. In January of 2010, Grand Resort Properties filed for Chapter 11 bankruptcy.
"Grand Resort Properties has filed for Chapter 11 and we are in the process of developing a new business model," Brown told us shortly after the news was released. While the club would continue to work towards creating a new business structure, Grand Resort Properties also would consider other ideas, including an acquisition or merger with another destination club. "I feel there could be an opportunity here for both parties," Brown would continue about a possible union with another club.
As the club is no longer in operation, no notes from Grand Resort Properties are currently available but if you would like to learn more about the club, please feel free to access the club's quick links found to the right.
If you are considering destination club membership, request a free copy of our Destination Club Guide for additional insight into the benefits and risks of membership, comparisons to other luxury travel options, and an extensive list of due diligence points that should be considered when joining.
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