Ventures Equity
Documents
Ventures Equity, like other leading equity based destination clubs like Crescendo Residences and Equity Estates, was limited in their marketing efforts due to their club structure.
Ventures Equity would grow to approximately 20 members before being acquired by Ultimate Resort early in 2008.
Ultimate Resort would acquire 19 members and six properties in:
- Indian Rocks Beach, Florida
- Beaver Creek, Colorado
- Key West, Florida
- New York, New York
- Scottsdale, Arizona
- Lake Las Vegas, Nevada
"We are creating a true global market leader and are very excited to see our destination and property portfolios grow with the addition of six spectacular new homes from the acquisition of the Ventures Equity Vacation Club," said Jim Tousignant, Founder, President, and CEO of Ultimate Resort in the press release announcement. "These luxury club properties, with average home values approaching $3 million each, will add to the dozens of choices within Ultimate Resort's ELITE club level, creating one of the industry's strongest high-end club offerings. We are equally excited to welcome the Ventures’ members to our Ultimate Resort ELITE Club as well. The acquisition of the Ventures homes and new members fits well with our expansion plans."
The acquisition of Ventures Equity was the third in less than a year, coming off the completed acquisition of destination club pioneer Tanner & Haley and an announcement to merge with Private Escapes.
Now under the name Ultimate Escapes, the club is the second largest in the industry in terms of members.
No documents pertaining to Ventures Equity Vacation Club are currently available, but if you have any additional information regarding the club you would like to share, please feel free to contact us at contribute@destinationclubnews.com.
|
