How Fun Resorts
Members
Following the bankruptcy filing of the LUSSO Collection, once one of the dominant players in the destination club sector, How Fun Resorts was created to provide a club to former LUSSO Collection members and their friends and families.
How Fun Resorts would be structured similar to the LUSSO Collection, with members having unlimited access to the club's collection of vacation properties.
How Fun Resorts asked for a $10,000 good faith escrow deposit and $30,000 in annual dues from their Charter Members, all of home had likely lost a good portion if not all of their membership deposit at the LUSSO Collection.
It is likely that only a few potential members put down the good faith escrow deposit and the club has not moved forward on their property acquisition or any of the other endeavors planned for the club.
When evaluating a new destination club, engaging the club in a thorough due diligence process is a necessary step to determine the risks and rewards of membership. To receive a free list of suggested questions to ask a club and additional information about the destination club industry that will help your analysis, request a copy of our Destination Club Guide.
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