Yellowstone Club World Annual Dues
One of the most elite level clubs in the history of the destination club sector, Yellowstone Club World spiraled out of the Yellowstone Club, a private ski and golf community in Montana.
Crafted by Tim and Edra Blixseth, Yellowstone Club World members would have anytime access to the club's collection of luxury vacation residences spanning the globe. Amongst the club's properties were a private golf club in St. Andrews, a French castle less than an hour from Paris, and a private island in the Caribbean. Properties would be required to have a "wow" factor according to Blixseth, who went on a world-wide search to find the club's initial real estate assets.
Paying as much as $40 million for some of the club's destinations, Blixseth would obtain a $375 million loan from Credit Suisse, using the Yellowstone Club as collateral.
As the club's property portfolio began to take shape, details regarding the club would emerge. Limited to just 150 members, the invitation only destination club would charge between $3 million and $10 million to join, but Yellowstone Club members would be able to upgrade at a discounted rate.
Like the high membership costs, the annual dues of the club would follow a similar structure. Members would pay between $37,500 and $75,000 per year to access the club's amenities.
The young club would face numerous hardships, including the divorce of Tim and Edra Blixseth, declining real estate values, and anemic sales, all leading to Blixseth defaulting on the Credit Suisse loan.
By early 2009, Yellowstone Club World filed for involuntary Chapter 7 bankruptcy with only a small group of members.
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