Filed under: Luxury Travel & Hotels
A DUO by Quintess residence, Cabo San Lucas
Two weeks ago, I reported on the Ultimate Escapes Destination Club bankruptcy, which is the largest bankruptcy in the brief history of the luxury destination club industry. This industry has had more than its share of well-publicized bankruptcies, with the members of these clubs usually left out in the cold, money and great travel expectations lost. In this most recent case, 1400 or so Ultimate Escapes members are in this kind of labyrinthine Limbo.
But for many of these UE members, being in such convoluted place is not their first time. To understand the importance of the options created by Quintess and others, it is crucial to understand the unusual context in which the Ultimate Escapes members find themselves.
Approximately seven years ago, in 2003, the first destination club, Private Retreats, launched in Telluride, Colorado. Two years later, Private Retreats changed its name to Abercrombie & Kent Destination Club. The A&K name was leased by Private Retreats. Eventually, A&K ended their licensing agreement with Private Retreats, and the destination club was renamed Tanner & Haley.
Tanner & Haley went bankrupt in 2006-- the first destination club to do so. Then, Ultimate Resort, a small destination club founded in 2005, gathered up the Tanner & Haley members, offered them a way to continue their travel club membership by purchasing the T&H homes. About a year later, Ultimate then instigated a complicated merger with another club operator called Private Escapes. More members were picked up there. And, Ultimate Resort's name change to Ultimate Escapes. So if you're following the bouncing ball, some of the present members of Ultimate Escapes, were actually refugees from Tanner & Haley, and also Private Escapes. So, it is easy to surmise that these members have -- also! -- been bounced around from club to club.
But wait! There's more.