As Luxury Real Estate sales continue to surge, resorts and exclusive Private Member’s Only clubs are inspiring second home investments around the world. Resorts and Clubs, such as Grace Bay Club in the Turks & Caicos, Exclusive Resorts spread across the globe, and Mint House in the U.S., are enjoying increased popularity despite extensive travel restrictions as a result of the pandemic. Some of these organizations are even enjoying occupancy rates of over 95% this season. One reason for the increased demand seems to stem from the ability of individuals to work remotely and enjoy residing in their very own paradise away from high-priced urban settings. In a recent interview with Mansion Global, Stephen Moroukian, head of product and proposition for Barclays Private Bank, shared “We see more of our clients looking at the French Riviera and thinking about long term requirements, being able to work remotely.”
Image Credit: Grace Bay Resorts
In the Caribbean Island nation of the Turks & Caicos, some frequent visitors of the five-star Grace Bay Club have acquired residences at the incredibly luxurious Rock House resort to meet the needs of their regular visits to the island. According to Grace Bay Resorts, American and Canadian buyers were attracted to the island by “sunny weather, direct flights from the U.S. and Canada, and pristine beaches.” Highlights of the Rock House residences include panoramic ocean views, 600 feet of ocean frontage, and high-end construction materials that highlight the property’s understated design aesthetic.
With 75 locations around the globe, Exclusive Resorts is renowned for their vast array of sophisticated offerings of both residences and experiences in places like Kyoto, Marrakech, and St Barth’s. As a particularly noteworthy example of this second home buying trend, since 2017 Exclusive Resorts has witnessed five members acquire second homes in close proximity to club locations in “Cabo, Mexico; Scottsdale, AZ; Telluride, CO; Lake Tahoe, CA and Real del Mar, Mexico.” A similar phenomenon has been occurring in both California as well as the French Riviera, where members of exclusive golf clubs and yacht clubs have been seeking to establish permanent foot holds in places like Pebble Beach and Cannes by buying up prime properties.
Image Credit: Mint House
Whereas Exclusive Resorts’ focus is on showcasing unique and exotic locales through multi-million dollar homes, Mint House is renowned for their collection of residential apartment complexes. A stay at Mint House boasts the amenities of a hotel combined with the conveniences of a home away from home. For those who travel to Miami, Philadelphia, or Nashville for work and stay for extended periods, Mint House is a great solution before you’re ready to commit to your next urban property purchase. Flexible lease structures, multiple bedrooms, and work spaces make Mint House a perfect temporary home for the business traveler.
For those who seek to find the perfect locale for their second, third, or fourth home, few options compare to investing in a multi-location private club membership to be introduced to and become intimately acquainted with a particular destination. Although products like VistaJet’s Private World and Richard Branson’s collection of luxury properties offer similar travel opportunities, few compare in convenience, depth and breadth of the offering by Exclusive Resorts. The vast majority of residences in the Exclusive Resort collection is owned by the club and seeks to maintain an atmosphere that combines the best of private luxury property rental and five-star hotel services. Most of all, with 90% of members having been invited by an existing member to join, Exclusive Resorts has fostered a community of like-minded individuals to create the ultimate club atmosphere.
Image Credit: Exclusive Resorts
Unique to many of these clubs are services like The Club app, a mobile application developed by Exclusive Resorts in partnership with Bottle Rocket, a pioneer in digital experiences. Through products like this application members can connect with “service teams, plan future vacations, and enter personal travel preferences so every trip can be uniquely tailored to the Member.” Despite the challenges in travel due to the ongoing pandemic, there have been few better times to join an exclusive travel network and seek out the next gem in your luxury real estate portfolio.
Featured Image Courtesy of: Exclusive Resorts
