Phoenix Club
Executives

Little is known about the executive team behind The Phoenix Club, short of the disclosure that they are "a small group of High Country Club members and creditors."

Once a leader in the destination club sector, High Country Club would file for bankruptcy early in 2009. With sales coming to a complete halt as a result of the economic climate of 2008, High Country Club's low annual dues, inability to secure credit, and exploding executive compensations would quickly eroded the value based club, leaving roughly 375 members without a club.

In August of 2009, Thomas F. Quinn, a lawyer representing these High Country Club members and creditors, would contact the former members of the club with their proposal.

"My clients believe that their investment (as well as yours) will be lost, if the bankruptcy of HCC continues on its normal course, and no steps are taken to reorganize and reconstitute the Club. My clients have pledged a substantial sum of money to attempt to bring the Club out of bankruptcy and assume much of the property debt. But before going forward with those efforts, my clients need to know if the existing members of HCC would want to participate as members in the reconstituted Club."

The "reconstituted" Phoenix Club would have a vastly different club structure from their predecessor. Rather than charging a refundable membership deposit and ongoing annual dues for each year a member remained with the club, Phoenix would allow members to pay a variable weekly price to access properties with prices determined by the season and the property selected.

Needing roughly 200 of High Country Club's members to make four reservations each, the club would gauge the interest of the collected members to see if it would be prudent to move forward.

In September of 2009, The Phoenix Club would disclose additional information about their destination club and the individuals behind the operation.

Rick Callahan
Lead Creditor

Thomas F. Quinn
Lead Counsel

Callahan purchased an interest in High Country Club Management Company in January of 2008, provided the club with a $1 million line of credit, and was partial owner of multiple club properties along with other club members.

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