The Markers Club
Resignation and Redemption

Launched in 2005, The Markers Club was structured as an equity based club where members "collectively own a total of 75 percent of the club that owns the real estate portfolio."

Members could redeem their membership for 90% of the price of the membership at the time they elected to leave the club, subject to the club's rules and regulations.

In the early part of 2009, The Markers Club "relaunched." The club transitioned from a fairly traditional destination club structure, where members paid a refundable, one time membership deposit and ongoing annual dues, to a model where members paid a year over year membership fee to access the club's amenities with no refundable membership deposit required.

Under this new model, members do not pay a membership deposit to join and therefore do not have to go through any redemption process when leaving as no money is owed to the member upon resignation. After each year, members simply elect to renew or discontinue their membership.

There are dozens of different resignation and redemption structures used throughout the destination club industry, each with their own benefits and risks. To better understand the differest models and to receive a list of suggested due diligence questions regarding resignation, request a free copy of our Destination Club Guide.