Bringing a unique vision to the destination club model, Migrate Destination club designed their club's structure with the economy in mind.
"There is an opportunity for a new business model in the industry to take advantage of the very same problems that caused the current business models to collapse. The market environment is better now for a realistic high-end vacation program than ever before from both the real estate side and the user perspective."
Migrate Destination's basic principle is "Let investors invest and let members vacation." The club seperates the two divisions by doing away with the large up front membership deposits that the majority of clubs use to purchase real estate, and instead charge year to year annual dues for members. Members have the ability to resign their membership at any time and can elect to renew or discontinue their membership each year.
On the real estate side of the club, Migrate Destinations will be a public entity. Investors will provide capital to the club to purchase distressed real estate through the public market or private placements. Shareholders build value as the club's real estate holdings appreciate. In the interim as the club ramps up their real estate acquisition schedule, the club partners with developers and resorts to provide members access to underutilized vacation residences.
The young club is still in its Charter Membership phase and will offer significant discounts to its early members.
Where it fits in the archive
Migrate Destinations proposed splitting the club in two: a public company that would buy distressed real estate for its shareholders, and a membership that paid only annual dues and could be dropped at the end of any year. It belongs to a group of later clubs that tried to do without the large refundable deposit that had sunk so many earlier ones.
The nearest relatives in this archive are Capricorne Villas, which charged no deposit or annual retainer and billed members per night, and One Key World, which sold travel cards for homes it did not own and ceased operations in January 2009. Inspirato, launched in 2011, used a small initiation fee, a renewal fee and nightly rates. On the investor side, the closest model is Equity Estates, which ran its homes as a fund for accredited investors.
The original file was written while Migrate was still in its charter phase and gives no names, prices or properties. We found no later public record of the club, so its status is listed as not reported.