M Private Residences
www.mprivateresidences.com

Overview
M Private Residences is one of the handful of equity-based destination clubs in existence today - that is, members have a true ownership in the club’s properties, not merely ownership of a membership. In the case of M Private Residences, this ownership is through the holding of one of two classes of shares in the company that holds the properties of the club.

An M Private Residences property

Destinations
Home sizes: Average value $2.5m, up to 5000 sq ft
Number of homes: 14
Number of destinations: 11
Homes in construction: 7
Number of homes planned: Uncertain

Membership information
Members: 115+
Member cap: None
Planned member to home ratio: 6:1
Planned occupancy rate: Current 40%, planned 60%
Membership deposit: $397 000
Refundable % of deposit: 100% of current value, less 8%
Annual dues: $17 000
Refund basis: 2 in, 1 out
Nights included: 60
Overview of booking rules: 4 long term reservations, 2 short term
Online reservations: No
Services included: Concierge
Optional services: Daily maid service

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

Destination list

• Barbados, West Indies
• Cabo San Lucas, Mexico
• Cabo San Lucas, Mexico
• Cabo San Lucas, Mexico
• Gold Canyon, Arizona, USA
• Kelowna, BC, Canada
• Las Vegas, Nevada, USA
• London, England, UK
• New York City, New York, USA
• Oahu, Hawaii, USA
• Paradise Valley, Arizona, USA
• Rancho Mirage, California, USA
• St. Remy, Provence, France
• Victoria, BC, Canada - NEW!
• Whistler, BC, Canada

Planned destinations

• New York, New York, USA - 2 Properties
• Playa del Carmen, Mexico - 2 Properties
• Scottsdale, Arizona, USA
• Victoria, BC, Canada

OTHER ARTICLES THAT MAY BE OF INTEREST

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• The LUSSO Collection
• My Global Playground