The Hideaways Club Opens New Asia Office

By: Destination Club News
Date: November 17, 2009

Just days after The Hideaways Club added Phuket to their list of luxury vacation properties available to members, Europe's leading destination club has announced that they have established offices in Singapore and Hong Kong to tap into the Asian market.

"We are well aware of the number of high net worth individuals that reside in both Singapore and Hong Kong," began Mike Lamb, The Hideaway Club's Managing Director in Asia. "Naturally for The Hideaways Club, these type of individuals fit the profile of our members - namely Chairmen, CEO's, FD's, Investment Bankers, partners of Law Firms and Medical Practices, Entrepreneurs, etc. For those who are looking to place funds into a global property portfolio with sensible returns and can see the value of subsidized luxury vacations, The Hideaways Club represents a unique investment opportunity."

Once primarily a European centric club, The Hideaways Club has quickly become one of the most global firms in the sector with properties in Turkey, Mauritius, South Africa, and Indonesia amongst others. To further entice their potential investor members in Asia, the club has already begun expanding their property portfolio to include residences attractive to both their European and Asian members. "In addition to the obvious choices of Phuket and Bali, where we may add further villas, we are also actively pursuing property acquisitions in Sri Lanka, Vietnam, Malaysia, Japan and Western Australia," continued Lamb. "Quite frankly, we are steered by our members and wherever they want to holiday in Asia is where we will be looking for homes for them to enjoy."

While the new offices in Singapore and Hong Kong are the club's first official foray into the market, three of the club's inaugural members hailed from Southeast Asia when the club launched in early 2007. By year end, The Hideaways Club plans to surpass the 130 member threshold, nearly 25% of their 600 member capacity.

When a member joins The Hideaways Club, they are actually purchasing a share in the property holding company, meaning that members in fact own a share of the entire club portfolio. Based on the membership type that is selected, members receive an annual allotment of points that are used to reserve properties with higher peak seasons requiring more points to travel.

To learn more about The Hideaways Club and how they compare to other leading clubs, request a free copy of our Destination Club Guide, a useful tool to help evaluate every club with suggested due diligence questions and insight from members, executives, and destination club insiders.