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Luxury Private Destination Club Offers Lifetime of Exclusive Villa Holidays

Travel News Asia Latest Travel News Podcasts Videos Thursday, 22 October 2009

Hong Kong and one of Asia’s luxury private destination clubs - LUXLife, is offering a lifetime of exclusive villa retreats in some of the world’s most popular leisure destinations - often for less than the price of a mere down payment on just one holiday home.

Under the slogan ‘Why Buy Just One When You Can HAVE THEM ALL’, the concept is offering members exclusive access to a collection of private 5-star villas owned by the club.

The LUXLife portfolio debuts with an oceanfront villa at the ultra luxury St Regis Residences in Nusa Dua, Bali, a pool villa at Andara Luxury Villas in Phuket - a popular playground for some of Asia’s wealthiest tycoons - and Ocean Front at Sentosa Cove, Singapore, with other luxury properties to follow.

LUXLife not only provides villa holidays but also member concierge services and ‘bespoke’ leisure pursuits. Through various alliances and/or partnerships with luxury lifestyle companies worldwide, members gain access to private yachts and jets, concierge services, private islands, boutique resorts, spas and private member city and country clubs.

“Not only does this provide an unrivalled luxury leisure experience, it is also a revolutionary lifestyle investment for members,” said founder Gary A. Ferraro, President of Villa Partners International.

LUXLife is a private destination club, both asset-backed and NAV (Net Asset Value) synchronised.

“Membership value is synchronised with the increasing value of the planned real estate portfolio of over 50 signature villas and luxury real estate properties to be owned by the club,” explained Mr. Ferraro.

“Membership holds great potential for significant return-on-investment and appreciation of the membership value.

“The model is revolutionary in the Destination Club sector, proprietary to Villa Partners International and the first of its kind, true Private Destination Club (PDC) in Asia.”

The concept targets “high-net-worth” investors in its target markets of Hong Kong and then Singapore and is restricted to just 399 members.

Membership is priced from HK$1.4 to HK$4 million, depending on the type of membership and benefits selected.

Villa Membership includes participation in a proprietary, non-equity, membership valuation formula which parallels with the value of the VPI villa investment portfolio, as well as access to a host of amenities, services and leisure pursuits offered by LUXLife.

Alternative Leisure Membership provides a select number of days-per-year access to the 5-star villas and leisure pursuits of the club – but without the benefits of participation in the Villa Membership and its proprietary valuation formula.

LUXLife founders have reported a “positive market response” to the initial invitation-only membership drive for its first 50 founding members.

“All the Founding Memberships will be committed and closed out very soon, with a mix of individual, family and corporate member participants,” said Villa Partners International President, Gary A. Ferraro.

“This is not a public, mass market product. This is an exclusive, private club representing an enduring, safe, prudent investment – a lifetime of luxury lifestyle fulfillment and family memories.”

Private Destination Clubs (PDCs) are a new option in Asia derived from the ‘second home’ fractional real estate investment markets, which has boomed in recent years. Traditionally, destination clubs are mostly “non-equity” businesses that sell memberships rather than investment opportunities in the real estate holdings.

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