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Membership Inquiries: http://www.mprivateresidences.ca |
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<!| Membership | |
| Members (as of 2Q06) | 82 |
| Member goal | 600 shareholders |
| Growth from LY | 230% |
| Allow designated use? | 2 family share plan available |
| Waiting list? | No |
| Fees | |
| Membership deposit (highest) | $450,000 CDN (A share) |
| Annual dues (highest) | $14,500 CDN |
| Daily fee | 0 |
| Confirmed plan days | 60 |
| Additional day fee | None |
| # Membership plans | 3 |
| % Deposit refundable | FMV less 8% transfer fee |
| Refund increases with deposit? | FMV | Resignation ratio | 3:1 |
| Equity membership? | Yes |
| Real estate investment opportunity? | Yes |
| Destinations | |
| # Destinations | 7 |
| # Homes | 10 |
| # Under construction | 6 |
| Planned | 20 (2006); 100 (2009) |
| Real Estate | |
| Average asset value | $2.4 million CDN |
| Average size | 3,200 sq ft |
| Configuration | 3-4 BR |
| Reservations | |
| Member-to-home ratio | 6:1 |
| Advanced holiday reservations | 2 lotteries |
| Confirmed reservations | 4 long-term; 2 short-term |
| Travel restrictions | Maximum 3 weeks |
| Online reservations | No |
| Travel Services | |
| Travel planning concierge | Yes |
| Destination host | Yes |
| Partners | |
| Private jet services | None |
| Travel agencies | UniGlobe |
| Other partners | None |
| Club structure | |
| % Owned vs. leased | 10% on short term basis |
| % Deposit used for operations | None |
| Annual meeting | Yes |
| Membership advisory committee | Yes |
| Management strength | |
| Principals | Experienced entrepreneurs |
| Hospitality experience | Experienced hoteliers |
| Real estate experience | Diverse |
| Celebrities | Yes |
| Year founded | 2004 |
| Total reservations executed | Hundreds |
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