Abercrombie & Kent Residence Club To Host LUSSO Conference Call

By: Destination Club News
Date: February 5, 2009

Exactly two months removed from The LUSSO Collection bankruptcy, the Abercrombie & Kent Residence Club will conduct a conference call to outline a special offer to LUSSO Collection members to see if they would be interested in joining the world's largest equity destination club.

Leading clubs Quintess and Equity Estates also have their eyes on the assets of The LUSSO Collection, namely its members.

Over the past several months, with multiple bankruptcy filings within the industry, clubs of all size have reached out to members of other clubs. Prior to High Country Club's bankruptcy, they made an offer to members at rival clubs, creating a dues only membership structure. All the while, Distinctive Holiday Homes and Ultimate Escapes had courted members of High Country Club with their own membership options.

Prior to the pending offer that will be introduced tonight, the Abercrombie & Kent Residence Club has already made an offer to existing destination club members, allowing them the opportunity to join the club with the ability to have up to 80% of the initial membership deposit deferred for six months interest free.

Approaching the one year anniversary of their first public introduction to the destination club industry, the Abercrombie & Kent Residence Club built the foundation of their leading equity club with the acquistions of BelleHavens and Crescendo Residences. Bringing in an established base of members, properties, and executives to the new club and the Abercrombie & Kent Residence Club quickly became an industry presence.

For any LUSSO Collection members looking to join in on the conference call, scheduled for 7:00 PM Central tonight, contact Christian Banovich at 630.725.3400 ext. 284 to receive the call in number and password.

As the bankruptcies of High Country Club and The LUSSO Collection progress, there will likely be other offers to club members from both new and established clubs within the industry. To learn more about each, check back frequently and we wish members of The LUSSO Collection the best no matter how they proceed.