The Oyster Circle
Resignation and Redemption

The Oyster Circle, one of Europe's leading destination clubs, has a tiered resignation structure where the amount repaid to a resigning member based upon the number of years the member has been with the club and in some cases the current market rate of the membership.

For the first year of membership, Oyster Circle members are not eligible for redemption. After one full calendar year with the club, members can then redeem their membership.

In years two, three, and four, members who elect to resign their membership are repaid 80% of the "original preference share fee." This share fee is the equivalent of the membership deposit paid to join the club.

In year five and beyond, exiting members receive the higher amount of:

• 80% of the market value of their original preference share
• 100% of the original preference share fee

As the club increases the cost to join, long time members enjoy an increased redemption value. Other destination clubs have used similar structures to the one used at The Oyster Circle, most notably the former Solstice Collection.

Resigning members are redeemed on a three in, one out basis, with the highest member on the club's resignation list repaid following three new membership acquisitions. Once the club reaches their full subscription at 400 total members, this will transition to be a one in, one out model where each resigning member will be replaced by one new member into the club.

While the properties and membership benefits are often the characteristics that draw future members to the destination club concept, the details pertaining to resignation and redemption are the granular details that need to be focused on during your destination club evaluation. To receive a list of suggested due diligence questions pertaining to resignation and several other important decision criteria, request a free copy of our Destination Club Guide.