Quintess, The Leading Residences of the World

One of the industry's largest clubs, Quintess, The Leading Residences of the World is one of the few clubs in the sector who have been successful through both organic and inorganic growth. Founded by a diverse executive team of Len Allsup, Pete Estler, and Ben Addoms, the club featured both entrepreneurs and corporate titans that helped lay the groundwork that guided the club's growth to the market leader it is today.

In April of 2005, the Boulder based destination club announced "a new era in private membership has arrived with the launch of Quintess, an exclusive destination club offering members vacation experiences and memories to last a lifetime."

Launching with a property portfolio of Aspen, Los Cabos, Manhattan, Biscayne Bay and Costa Rica, averaging $3.5 million each, Quintess quickly generated momentum at the top of the destination club industry.

Now with over 100 members, Quintess looked about an hour away to Greenwood Village, Colorado, home to Dream Catcher Retreats, a destination club that had also just cracked the 100 membership plateau, offering $3 million properties members. In fact, the two emerging clubs had even more in common as Quintess officially launched just 72 hours before Dream Catcher officially made their foray into the destination club industry. The near identical real estate prices and vision led to the announcement on August 31, 2006 of a $62 million merger between the two clubs.

The new club rebranded to form "Quintess, Catch The Dream" and now included about 230 and immediately became one of the top three clubs in the industry in terms of total members."Quintess and Dream Catcher share core values centered on a commitment to delight our members and a focus on remarkably luxurious, private freestanding homes," said Quintess CEO and Co-founder Pete Estler. "Both parties saw the opportunity to combine our strengths to create a club with a vastly improved range of member experiences and even greater financial strength. At a time when Dream Catcher and Quintess have both enjoyed tremendous growth and financial stability, this merger unequivocally does both."

Dream Catcher's 20 properties were joined with Quintess's 17 properties and yacht to give the club an estimated $110 million in real estate holdings.

Just months later in December of 2006, Quintess, Catch The Dream combined with a young club called The Leading Residences of the World and formed a long-term partnership with The Leading Hotels of the World. The new collected club had over 300 members and 49 properties and formed the club as it is currently constituted, Quintess, Leading Residences of the World.

In June of 2007, utilizing the experience the executive team had in investing, the club announced it had formed Quintess, LRW Future Fund 1, a $125 million financing earmarked for new home development. Less than a year later, the club's parent company, Club Holdings, LLC, received a commitment for $210 million in equity from an undisclosed Forbes 400 investor, the largest capital infusion in the history of the destination club industry.

A multiple time winner of Robb Report's Best of the Best award, Quintess announced a partnership with leading European club The Oyster Circle in January of 2009. The partnership would allow members of both clubs the opportunity to access the other's collection of luxury real estate, essentially bolstering the international travel offerings of both clubs.

NEWS

The third largest destination club in the world, Quintess, The Leading Residences of the World surpassed the 500 member plateau in 2009 while in on of the worst economic climates in history.

Launched in April of 2005, Quintess would eventually merge with both Dream Catcher Retreats and The Leading Residences of the World to form the club as it is now constituted.

Featuring a stunning property portfolio and significant financial backing from an undisclosed Forbes 400 investor, Quintess has referred to themselves as the "Goldilocks of the destination club industry," large enough to provide members a great deal of travel experiences but small enough to offer members personalized services.

Quintess Recognized As 2009 Destination Club of the Year
Date: January 15, 2010
Despite a tumultuous year in the destination club industry, Quintess, The Leading Residences of the World made many positive strides during 2009, including nearly 100 member transactions and a diligent focus on their financial position to win our inaugural Destination Club of the Year award.

2009 Destination Club Review
Date: January 1, 2010
Arguably the most influential year in the history of the destination club industry, 2009 has come to its end and 2010 begins with far greater hopes than one year prior. Learn more about all of the positive and negative news that took place during a long 2009 in the destination club sector.

The Claims of Destination Clubs
Date: December 19, 2009
In an increasingly competitive market, some destination clubs have added their own "marketing spin" to make themselves compare favorably to others in the sector. Read more to learn who claims to be the second largest destination club and who has the best homes, prices, and services in the industry.

Quintess Adds Two Villas In Saint Martin
Date: December 8, 2009
Quintess, The Leading Residences of the World has announced that two new luxury villas will be added to their property portfolio in February. Located within the La Samanna Resort & Spa, members will be able to enjoy access to a private beach and spa within the resort.

Lessons Learned From Failed Destination Clubs
Date: December 5, 2009
Over the past year, several leading destination clubs have filed for bankruptcy and ceased operations, leading to a drastic restructuring of the industry. Despite these failures, what elements can today's destination clubs take from yesterday's generation?

Quintess Passes The 500 Member Plateau
Date: August 26, 2009
Quintess, The Leading Residences of the World has reached a new level of success as they have surpassed the 500 member mark, making them just the fourth club in the decade long history of the destination club industry to do so.

Quintess Offers Deferred Payments And Trial Membership
Date: April 15, 2009
Quintess, The Leading Residences of the World is proud to announce their new trial membership program, allowing members the ability to enjoy their luxury destination club with a deferred payment option.

Opportunities For The Destination Club Industry
Date: April 8, 2009
With real estate values at record lows and hundreds of previous destination club members left without travel options following a string of closures within the sector, the industry's leading clubs have a surplus of opportunities available to them.

Threats To The Destination Club Industry
Date: March 24, 2009
Following a string of bankruptcies and closures throughout the industry, there are several pending threats against the destination club sector, including consumer confidence, litigation, and sharply declining real estate values.

The Oyster Circle's Paul Crowe Discusses Quintess Partnership
Date: February 16, 2009
Less than a month following the announcement of the strategic partnership between The Oyster Circle and Quintess that would allow members reciprocal access to the other club's collection of vacation properties, The Oyster Circle's Paul Crowe discusses the alliance.

Ben Addoms Discusses The Recent Changes at Quintess and An Upcoming LUSSO Offering
Date: January 30, 2009
Ben Addoms from Quintess, The Leading Residences of the World discusses recent changes made to his leading destination club and an upcoming offer that will be made to members of the now bankrupt LUSSO Collection.

Quintess's Ben Addoms Discusses The Oyster Circle and Quintess Partnership
Date: January 29, 2009
Ben Addoms, Founder and Executive Vice President of Quintess, speaks about the club's recent partnership with The Oyster Circle, one of Europe's leading destination clubs. The alliance allows members of both clubs reciprocal access to nearly 100 properties around the world.

Quintess, LRW and The Oyster Circle Announce Partnership
Date: January 19, 2009
Two leading destination clubs on different sides of the Atlantic have announced their partnership. Members of Quintess, LRW and The Oyster Circle will now have reciprocal access to the other club's collection of luxury vacation properties.

2008 Destination Club Review
Date: January 1, 2009
In 2008, the Dow fell over 33%, making for a rather difficult economic climate for nearly every industry, including destination clubs. Read about the failures and successes in the destination club sector over the past year.

Destination Clubs Philanthropic Initiatives
Date: December 3, 2008
With giving down, a growing number of destination clubs are making philanthropic initiatives a pillar of their club structures, including the support of cancer research, education, and the conservation of the environment amongst others.

Destination Club Famous Sports Members and Partnerships
Date: November 7, 2008
A growing number of professional athletes are discovering the benefits of destination club travel, and now nearly all of the major clubs count at least one major star in their ranks, but now clubs are starting to craft memberships specifically to athletes and are bringing them onto the executive staffs.

Conservation Suggestions For Destination Clubs
Date: September 29, 2008
Across multiple industries, the concept of "greening" is quickly gaining momentum. With a plethora of opportunities available to destination clubs to further this goal, here are some suggestions that could be implemented by clubs across the sector.

Destination Clubs Expand Outside The United States
Date: August 28, 2008
As the destination club industry continues to grow, the concept is more readily being applied outside of the United States. Over the past several years, clubs have emerged in the United Kingdom, Canada, Mexico, and South Africa to name but a few.

Quintess Donates Punta Cana Vacation
Date: March 4, 2008
Quintess, The Leading Residences of the World has donated a seven night stay at their popular Hacienda Azul home in Punta Cana, complete with full member privileges, raising over $15,000 at the Casino Royale 2008 Kent Denver Auction yesterday.

Destination Club Symposium Features Numerous Industry Executives
Date: April 2, 2007
The Destination Club and Private Residence Club Industry Symposium will take place later this month and will showcase a collection of some of the leading executives in the destination club sector to discuss best practices and growth of the young market.

Tragedy Strikes Quintess Yacht Essence
Date: September 25, 2006
Tragedy struck just off the coast of Connecticut when Quintess's 92-foot yacht Essence collided with a carrier, claiming the life of one of the crew members. The recently combined Quintess, Catch the Dream continues to mourn the loss of one of their own.

Quintess and Dream Catcher Retreats Merge
Date: September 1, 2006
Quintess and Dream Catcher Retreats, two of the strongest up and coming clubs in the destination club sector, have merged to form Quintess, Catch the Dream. The combined club will have more than 230 members and 38 properties around the world.

Quintess Passes The 100 Member Mark and Increases Prices
Date: March 21, 2006
Just shy of their one year public anniversary, Quintess has surpassed the 100 member threshold, which "solidifies Quintess' position as one of the top luxury destination clubs." The club will subsequently raise the prices to join their exclusive club by up to $20,000.

MEMBERSHIP PLANS

One of the leaders in the destination club industry, Quintess, The Leading Residences of the World, offers multiple membership plans to their affluent base of members, ranging from 10 to 60 nights of base usage each year. Restructured in 2010, the club modified their membership plans to ease comparisons between other destination clubs.

The change gave members the ability to purchase an optional holiday access extension by paying a one-time fee that allowed for peak period travel every year or every other year, based on the plan selected. In addition, each of the club's six membership plans offered complimentary extended family usage and a 90 day space available reservation window.

Q10 Membership

The club's introductory membership offering, members receive 10 nights of annual access to the club's portfolio of $4 million residences. Members are able to make up to two advanced reservations per year.

Members pay a one-time membership fee of $140,000 and annual dues of $11,775 per year.

Q20 Membership

Providing 20 nights of base access each year, Q20 members are able to hold up to four advanced reservations per year. Like the Q10 Membership, the addition of the optional holiday access plans is not available.

Members pay $210,000 to join with accompanying annual dues of $23,550.

Q30 Membership

The first membership to allow the optional holiday access extension, the Q30 Membership provides members 30 nights of base plan access annually. Members can hold up to seven advanced reservations beyond 90 days in advance.

Members pay $297,500 to join with accompanying annual dues of $35,325.

Q40 Membership

The popular Q4 Unlimited Membership grants members 40 nights of base plan access. Members are able to make up to eight reservations beyond 90 days in advance to any of the properties within the Quintess portfolio.

Members pay $335,000 to join with accompanying annual dues of $43,375.

Q50 Membership

The Q5 Unlimited Membership provides an additional ten nights of access past the Q40 membership. Members can hold up to 10 advanced reservations and, like other Quintess memberships, a space available window of 90 days.

Members pay $380,000 to join with accompanying annual dues of $56,000.

Q60 Membership

One of the highest allotments of nights in the destination club industry, the Q60 Unlimited affords members 60 nights of base plan usage each year. Q60 members are able to make up to 14 advanced reservations, four more than any other membership within Quintess.

Members pay $525,000 to join with accompanying annual dues of $70,650.

MEMBERSHIP PRICING

Passing the 500 member mark in August of 2009, Quintess, The Leading Residences of the World has been a popular membership option since their inception, propelling the club to the third largest in the world.

Publicly launched in April of 2005, Quintess would quickly emerge as a power player and would solidify their status by being a part of "the largest consolidation in the industry" with their merger with Dream Catcher Retreats in September of 2006. Just a few short months later, the combined clubs would also add a partnership with The Leading Hotels of the World, who had launched their own destination club Leading Residences of the World.

Now known as Quintess, The Leading Residences of the World, many would be drawn to the club for its attractive property portfolio and member benefits, including a fully refundable membership deposit within the first year of membership.

Quintess offers several membership plans, ranging from 10 to 60 nights of access each year to the club's properties, including complimentary extended family usage.

Q10 Membership

The introductory level within Quintess, LRW, the Q10 Membership affords members 10 nights of total base plan nights per year to the club's growing portfolio of luxury vacation residences for $140,000. Members are able to hold up to two advanced reservations beyond 90 days in advance. Like the other memberships available through Quintess, members enjoy a space available reservation window of 90 days.

Q20 Membership

Providing 20 nights of annual usage, Q20 members can make up to four advanced reservations. Available for a one-time membership fee of $210,000. Like the Q10 Membership, Q2 members are not able to purchase the additional priority access to peak holiday travel enhancement, reserved for Q30 Memberships and higher.

Q30 Membership

The Q30 Membership is the first level within the Quintess hierarchy that provides members the ability to augment their membership with an optional holiday access plan, where members are able to receive preferred access to peak travel periods. Members pay $297,500 to join, which grants them 30 nights of access each year.

Q40 Membership

For $335,000, luxury travelers can purchase a Q40 Membership with Quintess. Members receive 40 nights of access each year as part of the base plan. Members also are allowed an additional reservation from the Q30 Membership, totaling up to eight reservations beyond 90 days in advance.

Q50 Membership

At 50 days of annual travel, the Q50 Membership is available for a one-time membership fee of $380,000. Members are able to distribute their nights across up to 10 reservations beyond 90 days in advance.

Q60 Membership

Jumping up to 60 nights of annual access to the Quintess collection of $4+ vacation properties, the Q60 plan provides members with 14 advanced reservations. Members pay $525,000 to join, of which 75% is refundable if a member elects to leave the club.

To learn more about the annual charges accompanying these membership plans, please visit our Quintess, The Leading Residences of the World Annual Dues page.

ANNUAL DUES

An undisputed leader in the destination club sector, Quintess, The Leading Residences of the World is one of the growing number of clubs to build with a focus on not only world class residences and experiences available to members, but a strong financial foundation.

"Financial strength during this challenging economic environment has allowed us to enhance our position as the leading destination club in availability, home quality and service," said Greg Eure, President of Quintess, LRW. Each year, the club provides its over 500 members third party audited financial statements and in Q4 of 2008, Quintess brought a vote to members with an overwhelming majority approving a revised annual dues and fees structure. "This financial structure allows the Club to sustain itself without requiring the capital from new membership sales."

Quintess, LRW offers members a host of membership plans, ranging between 10 and 60 nights of base plan usage annually. All members have access to an ever growing collection of $4+ vacation properties in some of the world's most sought after destinations.

In 2010, the club restructured their membership plans, giving members more flexibility to create a customized membership offering. In addition, the club removed their nightly fee component,

Please learn more about the annual dues for the various membership plans below. Each of the six primary membership plans below each have the same effective per night cost.

Q10 Membership

The introductory offering into Quintess, the Q10 Membership provides members 10 nights of base plan access per year with two advanced reservations. In addition to paying a one-time membership fee, members pay $11,775 per year in annual dues.

Q20 Membership

Doubling the number of nights and advanced reservations available to members from the Q1 Membership, the Q20 Membership affords members 20 nights of usage and four advanced reservations. Members pay $23,550 per year in annual dues. At the Q20 Membership level, members are able to augment their membership by purchasing a holiday access plan that gives them holiday travel access once every other year.

Q30 Membership

Providing over four full weeks of access to the Quintes portfolio of vacation properties, the Q30 Membership is the lowest club level that allows for holiday travel every year. For the 30 nights of annual base plan access, members pay $35,325 in annual dues. Members can distribute their 30 nights across up to seven reservations 90 or more days in advance.

Q40 Membership

Q4 members receive 40 nights of base plan usage each year. Members can hold up to eight reservations beyond 90 days in advance with accompanying annual dues of $45,375.

Q50 Membership

Q5 members have 50 nights of annual access to the popular Quintess collection of luxurious vacation properties. Members pay $56,000 in annual dues and are able to make up to 10 advanced reservations.

Q60 Membership

Increased to 60 nights of base plan access annually, the Q60 Membership costs $70,650 per year in annual dues. Members have the ability to make up to 14 reservations beyond the 90 day space available reservation window.

PROPERTIES

Home to some of the most popular residences in the destination club industry, Quintess, The Leading Residences of the World offers members a collection of $4 million residences around the world.

Properties within the Quintess portfolio typically average between 4,000 and 5,000 square feet for free-standing homes with city apartments averaging approximately 2,500 square feet.

The club's current properties available includes:

• Los Cabos, Mexico
• Big Island, Hawaii
• Paris, France
• Maui, Hawaii
• New York City, New York
• Naples, Florida
• Deer Valley, Utah
• Turks & Caicos, Caribbean
• Napa Valley, California
• Beaver Creek, Colorado
• Kiawah Island, South Carolina
• Jackson Hole, Wyoming
• Amelia Island, Florida
• London, England
• Lake Tahoe, California
• Telluride, Colorado
• South Beach, Florida
• Florence, Italy
• Aspen, Colorado
• Dominican Republic
• Vail, Colorado
• Bend, Oregon
• Tuscany, Italy
• La Quinta, California

In January of 2009, Quintess and The Oyster Circle announced a strategic alliance that allowed members reciporcal access to the other club's portfolio. At the time of the announcement, club members would have access to over 90 luxury vacation properties in over 40 destinations. "We are pleased to announce this alliance with The Oyster Circle," said Ben Addoms, Founding Member and Executive Vice President of Sales and Marketing for Quintess. "The Oyster Circle, with its strong European base of homes and commitment to creating memorable luxury vacations for its members, is a great fit with Quintess, LRW and gives our members several new destination and home choices."

In addition to the partnership with The Oyster Circle, Quintess also offers members access to world class trips called Q Leading Experiences through their partnership with The Leading Hotels of the World.

These experiences currently include:

• Amalfi, Italy
• Bali, Indonesia
• Bora Bora, French Polynesia
• Cape Town, South Africa
• Capri, Italy
• Chatham, Massachusetts
• Florence, Italy
• Galapagos, Ecuador
• Great Barrier Reef
• Halkidiki, Greece
• Lake Garda, Italy
• Milan, Italy
• Monte-Carlo, Monaco
• Sydney, Australia
• Koh Samui, Thailand
• Washington, DC
• Zululand, South Africa
• Gstaad, Switzerland
• Tokyo, Japan
• Marbella, Spain
• Manhattan, New York

HOLIDAY ACCESS

Prior to a retooling of their membership offerings in 2010, Quintess, The Leading Residences of the World allowed members the option of purchasing either holiday or non-holiday membership packages. In a move to make comparisons to other destination clubs easier and to give more flexibility to craft a membership specifically for their own unique travel needs, Quintess crafted a new model to come more in line with their competitors.

Members are able to purchase an optional enhancement to their membership, giving them access to peak holiday travel dates.

For a one-time fee of $70,000 when joining, members are able to travel during peak holiday periods once per year. For $40,000, members are able to travel during these holidays once every two years. The every year option is available to members with Q30 Memberships and higher. The every other year enhancement can be purchased by members with plans of 20 nights or more.

For those looking to travel for multiple holidays each year, multiple enhancements can be purchased. For example, if a member wanted to have two holiday travel privileges each year, they would pay $140,000 in addition to their membership fee.

This structure is similar to the one used at Exclusive Resorts, the world's largest destination club in terms of members and properties.

There are many unique holiday structures in the destination club industry, each with their own advantages and disadvantages.

MEMBERS

One of the largest destination clubs in the industry, Quintess, The Leading Residences of the World surpassed the 500 member mark in August of 2009, a tremendous feat as many other clubs during the same time period had ceased operation or filed for bankruptcy due to the market climate of 2008 and 2009.

During the year prior to the Quintess announcement of their 500th member, established clubs like Solstice Collection, High Country Club, and LUSSO Collection all filed for bankruptcy while upstart clubs like Botiga and Diamante Residences were unable to generate virtually any interest in their young clubs.

First introduced to the market in April of 2005, Quintess began their operations in 2004. Quietly growing their young club during their pre-launch, Quintess would already have an established base of members and properties when they began to openly market their luxury destination club. Less than a year after their public launch, they would surpass the 100 member mark, a notable threshold in the top heavy destination club sector.

Less than an hour away from Quintess headquarters in Broomfield, Colorado, another destination club would enjoy similar success. Launched publicly just three days after Quintess, Dream Catcher Retreats would share more than geography with their Colorado rival.

Both would offer members exclusive access to a property portfolio of $3+ million vacation properties, five-star pre- and post-travel services, on site concierges, and ultimately a similar growth curve.

As Quintess was passing the 100 member mark, Dream Catcher would do the same and in September of 2006, the young destination club sector would see "the largest consolidation in the industry to date."

"Quintess and Dream Catcher Retreats, two of the foremost luxury destination clubs, announced today a merger of the two companies to create Quintess, Catch the Dream," the collected club announced.

"Quintess and Dream Catcher share core values centered on a commitment to delight our members and a focus on remarkably luxurious, private freestanding homes," said Quintess CEO and Co-Founder Pete Estler. "Both parties saw the opportunity to combine our strengths to create a club with a vastly improved range of member experiences and even greater financial strength. At a time when Dream Catcher and Quintess have both enjoyed tremendous growth and financial stability, this merger unequivocally does both. The clubs have recently taken over $10 million in new investment capital and we are well positioned to accelerate growth in Quintess membership, destinations, and luxury resort properties."

That growth would be further punctuated by a partnership with The Leading Hotels of the World who had created their own destination club, The Leading Residences of the World. Adding members from The Leading Residences of the World and entering into the new partnership would lead the club to rebrand themselves as Quintess, The Leading Residences of the World as they are known today.

The club has continued their consistent growth for a myriad of reasons, including one of the most widely praised property porfolios in the industry and attractive membership benefits including a 100% refundable membership deposit in the first year.

RESIGNATION

One of the more attractive elements to an already popular destination club, Quintess, The Leading Residences of the World offers members a 100% refund on their membership deposit within the first year of membership if they elect to leave the club. According to Quintess, "a statement of confidence that you will love being part of the Club."

Following the first year of membership, members can resign their membership and receive 75% of their original membership deposit refunded.

Like many other destination clubs in the industry, Quintess has tinkered with their resignation policies over the years.

When first officially introduced to the market in April of 2005, the club had a similar structure, refunding 100% of a member's deposit within the first year. Following a member's second anniversary with the club, 80% of the then current membership deposit would be refunded to members if they elected to leave, allowing for the potential for a member to receive more back from the club than they originally paid.

Combining multiple resignation policies used through the industry to create their own hybrid membership option, Quintess would also evolve their structure to include a tiered outline that would refund exiting members a different amount based on the number of years they remained with the club.

Again, members could resign within the first year and receive 100% of their membership deposit refunded to them if membership was not a good fit for their travel needs. From years two through four, members could resign from the club and receive 80% of the original membership deposit refunded to them. Following the fifth anniversary within the club, members would again receive 100% of their deposit refunded to them.

There are multiple resignation models used throughout the destination club sector, some where none of the original costs of membership are obligated to be repaid by the club while others pledge to repay more than the member originally contributed, and everything in between.

EXECUTIVES

Home to one of the most established collections of professionals in the destination club industry, the Quintess executive team and Board of Directors brings an extensive background to the guidance of the club. Included in the Quintess team are several executives formerly attached to other leading destination clubs.

Pete Estler
Board Member, Founder, and Chief Executive Officer

Ben Addoms
Board Member, Founder, and Chief Marketing Officer

Gregory Eure
President

Karen Short
Chief Hospitality Officer

Ken Mesikapp
Chief Financial Officer, Club Holdings

Don Kerchof
Founder and Senior Vice President, Member Services and Product Development

Alex Preiser
President, Quintess, LRW Real Estate

Trent Sutton
Founder and Senior Vice President, Corporate Development

Bryan Schwartz
General Counsel

Bruce Barnet
Chairman of the Board

Len Allsup
Board Member, Founder and Senior Vice President, Business Development

Charles A. Anderson
Voting Board Member

Cary Fitchey
Voting Board Member

Ronnie Lubner
Voting Board Member

Kevin McCarthy
Voting Board Member

Keith Mullins
Voting Board Member

David Wetherell
Voting Board Member

PARTNERSHIPS

Counting two strong partnerships with luxury travel providers, Quintess, The Leading Residences of the World is one of the largest destination clubs in the industry.

Created in 2004 and officially introduced to the market in April of 2005, Quintess quickly became an attractive option within the destination club industry. By March of 2006, the club had passed the 100 member mark and by September of 2006, the club would grow to over 230 members through a merger with Dream Catcher Retreats, a fellow destination club based less than an hour from Quintess headquarters.

Just a few short months later, the club would enter into a partnership that would provide additional travel perks to members and help create a new brand name in the destination club sector.

After launching their own destination club, The Leading Residences of the World, The Leading Hotels of the World would partner with Quintess. The Leading Residences of the World would combine with Quintess to form the new brand Quintess, The Leading Residences of the World.

According to the press release, Quintess and The Leading Hotels of the World would "enter into an exclusive marketing arrangement and all Quintess members will automatically become members of The Leading Hotels of the World’s highly acclaimed Leaders Club program–a customized level of benefits created especially for Club members, at no additional charge. This gives Quintess, The Leading Residences of the World members special privileges at the more than 440 Leading Hotels, including hotel upgrades, personalized gifts upon arrival, similar access at all Relais & Châteaux properties, a wide range of unique experiences at destinations, Leading Spas benefits, car hire and other exclusive offers."

Early in 2009, Quintess would announce another partnership that would increase the global travel options available to members with a strategic alliance with one of Europe's leading destination clubs, The Oyster Circle.

Members of both clubs would have reciprocal access to the other's portfolio of luxury vacation properties, greatly increasing the number of homes and destinations for both groups of members. At the time, the alliance of the two clubs offered members over 90 properties in more than 50 destinations around the world.

"We are pleased to announce this alliance with The Oyster Circle," said Ben Addoms, Founding Member and Executive Vice President of Sales and Marketing for Quintess, LRW. "The Oyster Circle, with its strong European base of homes and commitment to creating memorable luxury vacations for its members, is a great fit with Quintess, LRW and gives our members several new destination and home choices."

PRESS RELEASES

One of the leaders in the destination club industry, Quintess, The Leading Residences of the World brings a storied history to their successful club.

Officially launched in April of 2005, Quintess began their membership sales in June of 2004, making them one of the earliest clubs in the emerging destination club sector. The young club would quickly establish themselves as a player in the industry with a collection of $4 million luxury vacation properties available exclusively to members, free guest usage, and a 100% refundable membership deposit in the first year.

Less than an hour away from Quintess' headquarters in Boulder, Colorado, Dream Catcher Retreats had also launched their luxury destination club in April of 2005. Like Quintess, Dream Catcher had begun selling their memberships prior to their public launch and already had an establish base of members and real estate prior to their introduction.

Both of the clubs quickly surpassed the 100 member mark and in September of 2006, the two would announce a merger. The new brand Quintess, Catch the Dream counted over 230 members, 38 homes in 24 destinations, and an estimated $110 million in combined properties.

Before the end of the year, Quintess, Catch the Dream announced a partnership with The Leading Hotels of the World, who had created their own destination club called The Leading Residences of the World. The collected three clubs would be known as Quintess, The Leading Residences of the World, as they remain today.

Below you can find press releases from the club, including their launch, the introduction of their Q Leading Experiences program, and their recent 500 member achievement.

Quintess, LRW Now More Than 500 Members, Continues Strong Growth and Financial Stability
Date: August 26, 2009
Despite the less than favorable market conditions and a string of destination club closures, Quintess "grew significantly in the first half of 2009" and has now surpassed the 500 member mark, continuing to build on their financial foundation.

Quintess, The Leading Residences of the World and The Oyster Circle Announce Strategic Alliance
Date: January 19, 2009
Quintess and The Oyster Circle, leading destination clubs in North America and Europe respectively, have announced a strategic alliance that will allow members reciprocal access to the other club's portfolio, giving members exclusive use at more than 90 vacation homes in over 50 destinations.

Quintess, The Leading Residences of the World Expands Vacation Offerings Into Asia
Date: July 29, 2008
Quintess, The Leading Residences of the World, announces three new trips to their Q Leading Experiences program. Centered in Southeast Asia, Quintess members will now be able to enjoy three and four bedroom villas in Bali and Thailand.

Quintess, The Leading Residences of the World Announces New President of Real Estate, Alex Preiser, To Manage Acquisitions and Assets July 8, 2008

Quintess, The Leading Residences of the World, Receives Robb Report's "Best of the Best" Designation For The Third Year In A Row May 20, 2008

Quintess, The Leading Residences of the World And Gencom Group Announce Partnership To Develop A "Resort Within A Resort" Enclave In West Caicos April 15, 2008

Quintess, The Leading Residences of the World, Completes Largest Equity Investment Announced To Date In The Destination Club Industry For $210 Million April 10, 2008

Quintess, The Leading Residences of the World Launches Q Leading Experiences, A Unique Travel Program February 26, 2008

Quintess, The Leading Residences of the World Launches $50 Million "Resort Within A Resort" Community September 13, 2007

Quintess, The Leading Residences of the World Goes "Green" August 6, 2007

Quintess, The Leading Residences of the World, Opens "Quintess, LRW Future Fund 1" - A $125 Million Financing For New Homes June 1, 2007

Quintess, The Leading Residences of the World, Recognized For The Second Year In A Row In Robb Report's Annual "Best of the Best" Issue May 17, 2007

Quintess and The Leading Hotels of the World Partner To Create Quintess, The Leading Residences of the World December 7, 2006

Quintess & Dream Catcher Retreats Merge September 1, 2006

Quintess Launches 'OnQ' - An Anytime, Anywhere Concierge Service May 9, 2005

Quintess Introduces A New Travel Experience April 1, 2005