Legacy Destinations Partnerships
By definition, Legacy Destinations would be composed almost exclusively around a series of partnerships. According to the club, the business model would be based on joining in "partnerships with homeowners and developers who are looking to leverage their property into something greater."
These homeowners and developers would contribute a vacation property to the club, ideally in the $4 million price range, in exchange for a free membership to the club.
On the other end, Legacy Destinations would function much like virtually every other destination club, selling memberships to have access to these homes in exchange for a membership deposit, annual dues, and nightly fees.
Unfortunately, it appears that the club never fully made it to this stage of their plan. The club listed two properties available to members, indicating that at least these two residences were provided to the club in exchange for a free membership.
Outside of this partnership network of properties, no other affiliations were mentioned with other traditional destination club partners, such as fractional jets, luggage services, and rental car agencies.
While it seems that Legacy Destinations was unable to generate enough interest to remain in the destination club sector, this type of offering can be a wise option for a select group of travelers, but there are several other unique destination club models that might also be of interest. To learn more about these club structures and the benefits and risks associated with each, request a free copy of our Destination Club Guide.
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