Ski Destinations
Resignation and Redemption

Just as Ski Destinations would cater to a very niche audience, in their case a group of just 90 members desiring excellent ski destinations, the small destination club would also bring a unique model to their design.

By paying $80,000, members would receive a five year right to use membership with the club, receiving two weeks of access to the club's properties each year. Since the club was designed with skiers in mind, one week of access could be used during the ski season and the other during non-peak seasons. Members would not have to pay annual dues during their time with the club, but the original $80,000 membership would essentially be debited equally each year during their five year membership until it reached $0.

The planned 90 members would have access to five club properties, equating to an 18 to one member to property ratio. Once the club reached its 90 member goal, Ski Destinations planned to have properties in:

  • Alta, Utah
  • Park City, Utah
  • Jackson Hole, Wyoming
  • Steamboat Springs, Colorado
  • Big Sky, Montana

Following the acquisition of their tenth member, Ski Destinations would acquire their first residence, either Alta or Park City, Utah.

Based on their unique structure, Ski Destinations also had a unique resignation and redemption structure. Since the entirety of the membership was paid upon joining, redeeming the membership wasn't a likely option but the club did allow for it. By dividing the original $80,000 across the five years of total membership, the club would refund 80% of the amount still left on the membership to resigning members. For example, if a member wished to leave after their fourth year, they would still have $16,000 left on their membership, one-fifth of the original $80,000. The club would absorb 20% of the remaining $16,000 and refund the resigning member $12,800.

If the club was unable to reach their sales goals, and subsequently unable to reach their total of five properties, members would also be refunded a portion of their original membership fee.

"If for any reason we do not attain enough members to purchase all five locations, funds will be reimbursed on a years utilized pro rata basis. Example: If you paid $80,000.00 for your five-year membership and only four separate locations were available for your use you would be reimbursed $16,000.00."

Planning to purchase their first property after the acquisition of their tenth member, it appears that Ski Destinations fell short of their initial ten member goal as no properties were acquired. For those who did express interest in Ski Destinations early in the club's history, a "$5000 fully refundable good faith deposit" was needed to reserved the membership. These funds would be placed in escrow until the tenth member was acquired.

If you are considering destination club membership, request a free copy of our Destination Club Guide for additional insight into the benefits and risks of membership.