Destination club, Quintess,LRW announced that an undisclosed investor made a $210 million equity investment in the club’s parent company, Club Holdings. The cash infusion will enable the club not only to aggressively expand its real estate portfolio (it recently announced a new Quintess enclave on the Turks and Caicos island of West Caicos) but also put the club in a prime position to acquire another destination club to fuel its growth.

“It gives us scale and additional financial strength,” said Ben Addoms, Quintess’ co-founder and executive vice president. “This further demonstrates our financial stability and security for the long-term.”

Quintess currently has a property portfolio valued at $300 million and, with about 425 members, ranks as the third largest club after Exclusive Resorts and the soon to be formed Ultimate Escapes, the offspring of the union between Ultimate Resort and Private Escapes. The equity infusion also allows the club to better “withstand the cyclical ups and downs” of the real estate market, said Addoms, and open up prime opportunities to enter a sales market when property prices have dropped. It also provides an additional source of financing for those homes. The club currently has several lines of credit from lenders that it uses to fund its home purchases, but this new investment will undoubtedly give the club another source, should the credit markets sour further or banks change their lending terms.

“There are exceptional opportunities to develop and acquire luxury real estate in the world’s finest destinations on very favorable terms,” said Quintess founder and CEO Pete Estler in a company-issued release. “Our goal is to develop the largest portfolio of luxury homes in the world with home assets in the multi-billion dollar range over a ten year period.”

This latest investment round differs markedly from last years’ $125 million infusion, which the club called the Future Fund 1. The dollars in that fund were limited to being used to buy and develop new properties. This investment can be used for wider purposes, including acquiring another club, investing in a new line of business (Quintess last year launched Q Leading Experiences, a travel program for club members) as well as big property acquisitions.

The investor, who does not want his name disclosed to the media, ranks on the Forbes 400 list of wealthiest Americans.