My Stones Collection
Resignation and Redemption

Like the majority of European destination clubs, My Stones Collection has a strong commitment to combining the travel experience to ownership of the club and properties.

"Because there is no good investment without an exit clause, we have designed My Stones with particular attention to managing your investment's liquidity."

"With transparency in mind, My Stones is committed to upholding the conditions that you will be offered should you decide to leave the Club."

"Whilst the objective is to hold the asset for 10 to 15 years, Members are permitted to resell their shares in the REIT at the end of the third year's membership of the Club."

"This sale takes place either via the acquisition of your shares by a new member of My Stones, or via the REIT which is statutorily committed to repurchasing your shares at a price in accordance with the net value of the real estate portfolio held."

"In effect, these statutes anticipate the automatic sale of real estate assets under certain conditions, which enables Members to leave should they so wish."

"In order to ensure the active management of the REIT, a surveillance committee comprised of elected Members supervises the investment and arbitration policy."

Designed around the American destination club concept but with European sensibility, My Stones Collection members are shareholders in the My Stones Real Estate Investment Trust. The investment amount paid by a member is divided with 80% a subscription to the REIT and the remaining 20% a right of entry into the club.

Members not only enjoy a portion of ownership in the club, but also exclusive access rights to the My Stones Collection property portfolio.

Like a growing number of destination clubs, including The Discovery Club and The Ritz-Carlton Destination Club, My Stones Collection provides members an annual contribution of points that are used to make reservations at club properties.

The benefits of a club structured as a REIT are numerous, including additional financial disclosure typically provided to members in relation to the more American "right to use" membership. One potential downside is that clubs structured as REITs are limited in the types of marketing that are allowable and subsequently must grow almost exclusively through referral marketing ventures while other clubs have no such restrictions. Many clubs designed like My Stones Collection enjoy slow and steady growth, adding new club members and properties slowly throughout the year. Again, a characteristic that has its own risks and rewards.

As mentioned by the club, My Stones Collection plans to liquidate their real estate holdings after 10 to 15 years, but members are eligible to resell their shares after their third year of membership.

Understanding the details of each club's resignation and redemption policies is one of the more time consuming components of evaluating a destination club, but also one of the most important. To simplify the process and to receive a list of suggested due diligence questions pertaining to resigning your membership and other important areas, request a complimentary copy of our Destination Club Guide.