Parallel
Properties
"Parallel's $4M+ properties will be located in the most desirable beach, mountain, urban and leisure destinations in North and Central America, the Caribbean, and Europe. Over time, we will own a minimum of over 101 homes in more than 30 of the world's top destinations around the world."
One of the most elite destination clubs in the industry, Parallel was created by Tim Wolff and Chad Morse and would receive the support of Andrew Harper. "Visionary Founders Chad Morse and Tim Wolff recognize the importance of providing distinctive and consistently higher-quality homes in coveted destinations preferred by sophisticated travelers. Like me, they also realize it doesn't end with a grand portfolio of elegant residences. In order for club members to feel right at home, their vacation experience needs to be enhanced by a superior level of personalized and obliging 24/7 concierge-style service while in residence."
The club published properties in:
- Jackson Hole, Wyoming
- London, England
- Los Cabos, Mexico
- Napa/Sonoma, California
- New York City, New York
- Punta Mita, Mexico
- Scottsdale, Arizona
- Turks & Caicos
Like many other destination clubs, Parallel segmented their properties into categories: Golf & Leisure, Mountains & Trails, Cities, and Beaches & Shores.
In time, Parallel would join forces with the Solstice Collection, Parallel's primary rival at the top of the destination club sector. The combined club would operate under the Solstice brand and put a stranglehold at the elite level of the industry as other comparable clubs Ciel, Yellowstone Club World, and Everlands all failed to achieve the success that the combined efforts of Solstice and Parallel achieved.
"As an avid proponent of the destination club concept almost since its inception, my opinion is that this merger simplifies the decision process for the affluent traveler. The move clearly consolidates the two major players at the top and will surely please ultra-luxury consumers seeking a more relevant and stable model to satisfy their desires for a legitimate alternative to owning a second home," said Harper.
Solstice would dominate the upper tier of the sector for several years with few new players entering the industry at the price point that Solstice charged members.
Unfortunately, as the 2008 market climate took its toll on nearly everyone, the destination club industry was hit especially hard. The Solstice Collection would be forced to file for bankruptcy early in 2009.
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