Parallel
Annual Dues

One of the many clubs introduced in 2005, including Quintess, Dream Catcher Retreats, and Ultimate Resort amongst others, Parallel would exist at the top of the destination club spectrum with 24/7 concierge services and $4.5 million residences available exclusively to members.

Dedicated to maintaining an "open book" policy, Parallel would disclose audited financials from a Big Four accounting firm to members and pledged that annual dues would cover the club's annual costs.

The club would grow to approximately 25 members, each paying nearly $40,000 each year in annual dues before Parallel would join with a rival club to create the industry's leading "elite destination club in the world."

Tim Wolff, Co-Founder of Parallel would eventually be introduced to Graham Kos, Co-Founder of the ultra-luxury destination club Solstice Collection.

Both seeing synergy in a combination, the two clubs would announce a formal merger late in 2006. "What began as casual conversations between two respected industry peers quickly elevated to recognition of complimentary assets that, when combined, would create the undeniable elite destination club in the world," the club wrote. "We believe that the premier destination club should deliver architecturally significant and uniquely appointed homes, backed by a high level of personalized service, financial transparency and member deposit protection. The new Solstice marries Solstice’s growing collection of remarkable homes with Parallel’s best-in-class services, resulting in a member experience unmatched by any club model, or for that matter, outright ownership. Further, Solstice continues its commitment to provide the highest standards of financial transparency to its members, and now introduces, for the first time in the industry, a choice between two deposit reimbursement models based upon each participant’s financial goals."

Solstice would continue to be a leader in the sector for several years following until the market climate of 2008 would take its toll. In March of 2009, the club would file for Chapter 11 bankruptcy.

Sustainable business models and practices are requisite for every destination club no matter their price, proving the need to conduct a thorough due diligence evaluation of every club you are considering. To receive a free list of suggested due diligence questions written by members, executives, and industry insiders, request a copy of our Destination Club Guide.