LUXLife Unveils Equity Shares Villa Memberships

By: Destination Club News
Date: April 8, 2010

LUXLife has announced that they have introduced their first phase of "Equity Shares Villa Memberships." These equity shares will be available at the club's oceanfront villa at the St. Regis Resort & Villas residences in Nusa Dua, Bali and the pool villa at Andara Resort & Villas in Phuket, Thailand.

Equity Shares Villa Members receive "ownership plus a full VIP LUXLife Membership." Phase I shares are available in 1/12th increments and are priced between HK$2.9 to HK$3.9 million, depending on the villa selected. Based on today's currency conversion, this equates to roughly $375,000 and $500,000 respectively. Financing is available to qualified and approved owners, members, and applicants.

"This is an exciting, revolutionary and first-of-its-kind addition to the LUXLife lifestyle and the LUXLife Villa Private Destination Club program and provides for such Equity Shares Villa Members to chose Direct Ownership participation in one or more of our extraordinary, five-star luxury villas on offer as well as have a VIP LUXLife Membership which gives the member access to and use of the entire LUXLife villa portfolio and program features," said Gary Ferraro, CEO, Founder, and Creator of LUXLife.

LUXLife is limited to a total of just 399 members, but the first two phases of the Equity Shares Villa Memberships are limited to a maximum of 48 members. Once Phase II is introduced, planned for later this year, other villas will be added to the Equity Shares Villa Membership program.

Last month we asked if Singapore was the next destination club frontier. LUXLife continues to market their exclusive product in the region and The Hideaways Club, one of Europe's leading destination clubs, opened their own sales office to tap into the Singapore and Hong Kong markets. Other destination clubs have also expressed their own interest in marketing in the increasingly affluent Asian market.

LUXLife is just one of many new destination clubs that have recently launched, making their official introduction in August of 2009. If you would like to learn more about the destination club concept, including the benefits and risks of membership, request a free copy of our Destination Club Guide.