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The Stress Test: A new batch of private residence clubs offer worry-free vacations
Robb Report Vacation Homes, By Susan Kime (Fall 2005)
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Article Excerpt
Around this time last year, there were five private residence and destination clubs. This year there are 21, all emerging from the fertile soil of shared residence industry. According to resort research firm Ragatz Associates, destination clubs now constitute a $450 million business. Together with traditional fractional interest opportunities, the private residence club domain has grown into a $1.5 billion industry – one that has tapped a lifestyle need that few knew ran so deeply: the desire for a seamless, stress-free destination experience. What follows are some of the newest of the new private residence and destination clubs.
The Markers – Golfers Residence Club
"Our ideas did not include the private residence club concept when we first thought about the creation of The Markers”, says Mitch Brinton, co-founder and managing director. “What we loved was golf. And we wanted to create an unforgettable golf experience in the most famous golf locales. The Markers is dedicated to that golfer who has an almost spiritual affinity with the game."
The Markers, a worldwide PRC headquartered in St. George, Utah, is equity based, with a portfolio of residences and villas that will be situated on or near 36 famed golf destinations, including Pinehurst, Scottsdale, and the Kiawah Island in the United States, as well as future locations in Cabo, Ireland and Scotland. There is a member cap of 325 and a nine-to-one member-to-home ratio, allowing members three weeks per year guaranteed, and more time when space is available. Phase one, which opened in July, includes four golf residences in St. George, Scottsdale, Pinehurst and Cabo San Lucas. Charter memberships were still available at press time.
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