Worldwide Private Residences

Based out of London, Worldwide Private Residences looked to capitalize on the growing interest in hybrid equity clubs that are again growing in momentum.

The fund would exist for 10 years and planned to acquire 30 residences worldwide, averaging £1.35m each. Starting at £150,000 to join for Founding Members, the pricing would tier upward as each 20 new investors joined. After 10 years, the club would liquidate the real estate and distribute 70% of of the profits to members. If the partners and managers elected to, they could refinance the fund and extend its lifecycle.

The club planned to have 300 members for the 30 properties, effectively a ten to one member to property ratio. Each member had five weeks of usage, amounting to 50 weeks of annual usage per home and 96% annual occupancy.

Unfortunately, the club was unable to garner enough interest on either side of the pond, with clubs like The Hideaways Club and The Oyster Circle vying for the European audience and Exclusive Resorts, Ultimate Escapes, and Quintess dominating the US market.

To learn more about Worldwide Private Residences, please visit any of the club's quick links found to the right or request a free copy of our Destination Club Guide.

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