Diamond Equity Estates Launches New Destination Club

By: Destination Club News
Date: February 8, 2005

Diamond Bay Holdings, Inc., a holding company with subsidiary operations in internet marketing, career services, and telecommunications, has announced the launch of their own destination club: Diamond Equity Club.

Diamond Equity Club will be part of Diamond Equity Estates, "a wholly owned subsidiary operation specializing in the sale of fractional ownership of luxurious real estate properties." Two different membership options will be available: Elite Destiny and Elite Equity.

Elite Destiny Memberships will be available from $200,000 and Elite Equity Memberships will start at $500,000. Destiny members will be able to use the club's full property portfolio and Equity members will "share in the ownership of club properties."

According to the club, two properties are currently being considered, a wine estate and a castle, but the locations and details regarding the negotiations are being kept confidential.

The launch of Diamond Equity Estates comes on the heels of other new clubs looking to make their mark on the destination club sector. Simplicity International launched their new club just last month and we profiled Havens introduction earlier this year. We know of another club that will soon be making their own introduction in the coming week.

Joining a new destination club comes with its own set of benefits and risks. Early adopters often receive preferential pricing and membership terms, but if the club is unable to meet their early sales goals, the security of the members' funds may be lost.

To learn more about the destination club model and the risks and rewards of membership, request a free copy of our Destination Club Guide.