Crescendo Residences

Written by Luxury Reporter Staff in July 2007. Filed in Destination clubs
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Crescendo Residences
www.crescendoresidences.com

Overview
Crescendo is an equity destination club structured as a real estate investment trust. This means that the club is subject to United States regulations regarding the marketing of securities, and cannot advertise to non-sophisticated investors. Nonetheless, the club seems to be growing well and looks to be a player to watch.

crescendo punta mita
One of Crescendo’s Punta Mita homes

Destinations
Number of homes: 8
Number of destinations: 8 (see below for planned destinations)
Homes in construction: Uncertain
Number of homes planned: 32

Membership information
Members: 70+
Member cap: 266
Planned member to home ratio: Approximately 8:1
Planned occupancy rate: Approximately 60%
Membership deposit: $350 000
Refundable % of deposit: 100% plus appreciation (equity club)
Annual dues: $23 500
Refund basis: 1 in, 1 out
Nights included: 30 - 45
Overview of booking rules: 2 advance reservations
Online reservations: Yes
Services included: Concierge, daily maid at most homes
Optional services:

Company information
Founded: 2004
Management depth: Strong
Debt:equity ratio: Uncertain
Leased vs owned homes: 100% owned
Independent financial audit: Yes
Additional information:

Destination list

  • Cabo San Lucas
  • Hawaii
  • Lake Tahoe
  • Los Cabos, Mexico
  • New York City
  • Punta Cana
  • Punta Mita
  • Scottsdale
  • Sun Valley

 

Planned destination list

  • Bahamas
  • Caribbean
  • Colorado
  • Costa Rica
  • Hawaiian Islands
  • Lake Tahoe
  • London
  • Los Cabos
  • Napa Valley
  • New York City
  • Paris
  • Park City/Deer Valley
  • Playa del Carmen
  • Puerto Vallarta
  • San Diego
  • Scottsdale
  • Sun Valley
  • The Carolinas
  • Tuscany
  • Whistler
   

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