Destination Clubs
Related Searches: Ultimate Escapes, Destination Clubs, Ultimate Escapes Brochures
After almost two years of struggling through a merger and an emergency capital infusion, Ultimate Escapes is on the verge of taking the high-end resort club public.
Ultimate Escapes - the luxury travel destination firm created from Orlando-based Ultimate Resorts and Fort Collins’ Private Escapes - is the acquisition target of Secure America Acquisition Corp., a special-purpose acquisition company. The SPAC launched its $80 million initial public offering in 2007 with the sole purpose of finding a business to invest in. If a transaction is not consummated by Oct. 29, Secure America’s trust fund will be liquidated.
The deal for Ultimate Escapes, which will include a $20 million cash contribution as well as $57 million in Secure America stock, is expected to close by the end of October.
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Related Searches: The Ritz-Carlton Destination Club, Ritz-Carlton Club Brochures
Today, The Ritz-Carlton Destination Club, formerly The Ritz-Carlton Club, commemorates its 10th anniversary. Introduced in 1999 as a fractional, second home alternative, this exclusive Club provides Members and their families with a lifetime of luxury vacation experiences and the renowned services of The Ritz-Carlton.
With this milestone, the brand has evolved relaunching as The Ritz-Carlton Destination Club. The new equity-based membership program not only offers the industry-leading fractional ownership interests now known as Home Club Membership, but also deeded real estate, in the points-based Portfolio Membership which affords the opportunity to discover a wide variety of premier luxury destinations and accommodations. Further adding to its achievements in 2009, The Club was named top “Fractional” vacation home purveyor in the world for Robb Report’s 21st “Best of the Best” issue.
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Secure America Acquisition Corporation announced yesterday that it has signed a definitive agreement to enter into a business combination with privately-held Ultimate Escapes Holdings, LLC, a leading operator of luxury destination clubs.
Ultimate Escapes‘ current management team, led by Jim Tousignant, President and CEO, and Richard Keith, who will become Chairman of Ultimate Escapes upon consummation of Ultimate Escapes’ planned acquisition of Private Escapes Holdings, LLC, will remain in place to run the business following the consummation of Secure America’s business combination with Ultimate Escapes. It is anticipated that, upon consummation of the acquisition, Secure America will change its name to “Ultimate Escapes, Inc.”
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Related Searches: Private Jets, Ultimate Escapes Destination Club
Leading private jet company Bombardier Skyjet recently announced that new Skyjet Card members earn a five-night stay in the Ultimate Escapes Signature club destination of their choice.
Travelers looking to spend time in the ultimate “home away from home” delighted in a special offer from Bombardier Skyjet, the award-winning provider of on-demand private jet charters and innovative pre-paid jet cards.
Through its partnership with Ultimate Escapes, a leading destination club offering private luxury residences around the world, those who purchased a Skyjet Card Membership received an unparalleled private aviation experience as well as a five-night stay in the Ultimate Escapes Signature ClubSM destination home of their choice.
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The luxury travel sector is bouncing back from the current economic struggle. Companies are developing new marketing campaigns and presenting refreshing ideas for the traditional vacation home. Trends are emerging as these fresh takes on the vacation home market take hold. From destination clubs to timeshares to private residence clubs, the American Affluence Research Center uncovers what the consumers are thinking for 2009.
This luxury travel report is part of an ongoing series of twice-yearly research studies of the most affluent 10% of U.S. households. The research covers areas like consumer familiarity with concepts and brands, brand awareness, current ownership and distance to vacation residence. With attention to age ranges, income levels and net worth, the survey reveals interesting statistics for fractional vacation ownership companies to consider.
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Just last week, after 80 years and more than 70 hotels providing legendary service, The Ritz-Carlton Hotel Company, L.L.C. yet again raised the bar with the unveiling of a new way to enjoy an inspiring vacation lifestyle: The Ritz-Carlton Destination Club.
An evolution of the residence club formerly known as The Ritz-Carlton Club, this equity-based private membership program offers two choices: a Home Club Membership which provides a titled residence at a property they can return to throughout the year, or a deeded Portfolio Membership which affords the opportunity to discover a wide variety of premier destinations and accommodations. An industry defining vacation option, The Ritz-Carlton Destination Club offers an unparalleled experience tailored to each Member’s needs and expectations.
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