LUSSO Collection
Properties
Members of the LUSSO Collection would have unlimited access to the club's planned 100 properties. Depending on the location, properties would be valued between $2 and $4 million each, averaging $3 million throughout the total portfolio.
- Aspen, Colorado
- Abaco, The Bahamas
- Cabo San Lucas, Mexico
- Copper Mountain, Colorado
- Deer Valley, Utah
- Big Island, Hawaii
- Jackson Hole, Wyoming
- Kiawah Island, South Carolina
- La Jolla, California
- Lake Tahoe, California
- Miami, Florida
- Naples, Florida
- New York, New York
- Scottsdale, Arizona
- Provo, Turks & Caicos
- Tuscany, Italy
According to the club's literature, "Residences will be handsomely appointed in a style reflective of their location and typically feature gourmet kitchens, beautifully appointed living and dining areas, state-of-the-art entertainment systems, high-speed Internet connectivity and, in many cases, private pools and spas. When we purchase property for LUSSO we are meticulous in our selection — is the home situated to maximize daytime sun exposure on the pool/patio area? Will you get the best vantage point for those city light and sunset views? We've thought of all these things and many more."
LUSSO also stated that they would spend in excess of $250,000 in furnishings for each of their properties and stock residences with destination specific equipment, such as golf clubs in Scottsdale and bicycles in Kiawah Island.
Despite positive growth virtually since their inception, LUSSO had virtually no new membership sales in 2008. Coupled with some questionable business decisions, and the popular destination club was forced to file for Chapter 11 bankruptcy late in 2008 and transitioned their filing to Chapter 7 in early 2009.
|
