Luxus Vacation Properties Looks To Contact Canadian Ultimate Escapes Members

By: Destination Club News
Date: November 17, 2010

The Canadian based Demeure is currently working with Ultimate Escapes members looking to transition to their unique exchange based destination club. The transition deadline has been extended until November 19 as Demeure continues to contact each and every Ultimate Escapes member. While Demeure continues their outreach program, fellow Canadian based Luxus Vacation Properties continues to grow their partnership at a strong pace. Nearly all Ultimate Escapes members are evaluating Demeure and their special offer, but Luxus is targeting a much smaller segment: those that aren't considering Demeure's proposal and who are also from Canada.

"Our model is predicated on a sustainable equity model that doesn't allow us to waive annual dues or give drastic price discounts to any new Partner considering our group, as others have already offered Ultimate Escapes members. However, we are able to offer them another option that is a sound investment and financially secure," said Stephen Petasky, Luxus Vacation Properties' President and Founder.

Luxus Vacation Properties is structured as a Canadian Limited Liability Partnership that can only work with Canadian Partners. When an investor purchases equity in Luxus, they become a Limited Partner with approximately 90% of their total investment being placed into a real estate acquisition account. The remaining 10% is used to establish an operating account to pay for various items such as sales and marketing, research, company development and others.

"Our properties average over $1 million each and we pay for those properties with $1 million cash," Petasky continued. "Our operating costs are shared by all Luxus owners. This combination of debt-free ownership and sustainable operational expenses means that our annual dues are some of the lowest in the industry."

This dedication to responsible spending and full financial disclosure has suited Luxus just fine as they have well surpassed the 100 Partner threshold and are already considering "Phase 2" of their partnership. With 21 fully-owned properties in their portfolio, they are not far off of their 30 property goal at which point the fund will be capped.

"Candidly, we don't want a lot of press coverage and are happy with our organic growth. We have grown by nearly 50% this year," Petasky concluded. "With that said there are a great many Ultimate Escapes members from Canada who we thought might like to learn more about our Partnership as they consider their future travel plans. We are happy to speak with them and outline the Luxus Group to make them aware there is another option to consider in the market place."

If you would like to learn more about Luxus Vacation Properties, please complete this short contact form and we will put you in touch with a club representative.