Crescendo Residences
Written by Luxury Reporter Staff in July 2007. Filed in Destination clubsEmail this article | Printer-friendly version of this article
Tags: Crescendo Residences, Destination club overviews, Equity-based destination clubs
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.

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
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Cabo San Lucas
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Hawaii
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Lake Tahoe
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Los Cabos, Mexico
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New York City
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Punta Cana
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Punta Mita
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Scottsdale
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Sun Valley
Planned destination list
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Bahamas
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Caribbean
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Colorado
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Costa Rica
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Hawaiian Islands
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Lake Tahoe
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London
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Los Cabos
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Napa Valley
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New York City
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Paris
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Park City/Deer Valley
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Playa del Carmen
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Puerto Vallarta
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San Diego
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Scottsdale
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Sun Valley
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The Carolinas
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Tuscany
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Whistler
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