Why Are your paying those expensive up front fees just to join one of these clubs who are here now and gone tomorrow? What are your annual yearly dues/fees? Ask yourself, why do I want become a member of one of these clubs? What you are really buying is a membership. The membership plan you chose determines your initial upfront costs, and determines where, when and how you can use that membership. Memberships are sold on the premise that it will maintain its value and grow in coming years. What guarantee do you have that membership will continue to grow? I'm here to break the bad news to some of you who have joined these fancy clubs.
Have you researched about these kind of clubs? Look at what happened not too long ago to the #1 Resort/Vacation Club, and all the money investors lost. With recent merging of some of these companies less competition and price increases is all many have seen. In many cases, the amount you pay up front plus the annual costs are less than owning million dollar homes and the cost of being a private member. The past few years have seen a decline in Real Estate. These clubs were able to take advantage of timing and weakness in this market.
They target high end income clients, and try to convince them to join their club rather than purchase homes. They have not done anything new, all they have done is purchase or lease homes in high end communities, either with golf courses, water access, or in ski resort areas. I have great news for those of you considering joining these clubs. What if I could show you a way, to enjoy some of the these same qualities they offer? Real Estate, as a long term investment, is one of the safest investments with minimal risk. If you are a skilled investor, who purchases properties in the right location, at the right price, and invest for the long term, chances are extremely slim of you losing your whole investment.
Now there is a way to enjoy what these expensive clubs offer as their selling pitch. Until recently, only a very few companies have had properties in these desired hot spots where people chose to enjoy vacations or travel. Now the Ginn Company who has resort in these same areas have opened up to their members the ability to utilize many of the properties at no additional cost.
On June 30th 2008 this message from CEO Bobby Ginn was sent as an email to its members: To our Members: Over the past 10 years, with your help, we have created Ginn Clubs & Resorts. I am truly gratified with what we have accomplished together. Thank you for believing in the vision we created for our Clubs and Resorts and for the loyalty you have displayed by standing with us throughout the years. As a company, we strive to create the best possible experience for our Members and Owners. Today, we have taken the next step to making your Membership even more meaningful.
I am proud to introduce the Ginn One Club?, a new concept that will truly make us "One Club" and provide you with reciprocity at a selection of our Resorts and Clubs. Here's how the Ginn One Club works: This program provides Social and Golf Members who are in good standing with the opportunity to enjoy membership privileges at a selection of our Resorts and Clubs. Old Bahama Bay bu Ginn sur MerThis selection currently includes: * Ginn Reunion® Resort Reunion, FL * Ginn Hammock Beach? Palm Coast, FL * Bella Collina® Montverde, FL * Mahogany Run® St. Thomas, U.
S. Virgin Islands * RiverTowne? Country Club Mount Pleasant, SC * Patriot's Point Golf Links? Mount Pleasant, SC * Cobblestone Park® Columbia, SC * Old Bahama Bay by Ginn sur Mer? Grand Bahama Island Members will also receive preferred pricing on lodging, food and beverage, merchandise and other amenities at participating Resorts and Clubs. In addition, we will create an exclusive VIP concierge service that will handle all the details of your visit to a participating Resort and Club in the Ginn One Club program, including reserving tee times, hotel reservations, dinner recommendations and more.
There will be no additional cost to Members to participate in the Ginn One Club program. We anticipate that the Ginn One Club program will begin in earnest in September 2008. In the coming weeks, you will receive much more information regarding the Ginn One Club. And while that is certainly exciting news, there is much more underway or in the planning stages at many Ginn communities.
Ginn Reunion ResortAt Hammock Beach, we have plans to expand our pool and food and beverage venues at the South Tower Plaza. The lobby area of Yacht Harbor Village will soon be completed, a tennis pro shop will open and a harbormaster will be added to oversee marina operations. At Reunion, two pools at the Villas and a pool for Center Court Ridge are in the works. The Water Park will be expanded to include a Members-only area, and there are plans to build a temporary Nicklaus Clubhouse, which will ultimately be replaced with a permanent facility. Cobblestone will celebrate the completion of their new clubhouse.
At Bella Collina, we will begin construction on the social and equestrian center. As we look back, much has been accomplished over the past decade. We began with a single project, Hammock Beach, and today we operate 11 Resorts and Clubs around the country and the Caribbean and we currently have exciting plans underway for several communities still in development. Over the last 12 months, we have celebrated the opening of magnificent Clubhouses and golf facilities at Tesoro, the Conservatory, and Bella Collina. Currently, we sponsor and produce four professional golf tournaments (two LPGA events, one PGA Champions Tour and one PGA Tour) and host a fifth (PGA Champions Tour).
In addition, we recently earned an incredible victory for our picturesque Battle Mountain ski and golf resort to be developed in Minturn, Colorado. Following the unanimous approval of our project by the Minturn town council, an overwhelming 87 percent of the town residents voted to approve our project and annex it into their town. Ginn Hammock Beach ResortAs a community-minded and environmentally-friendly developer, we continuously look for ways to enhance our surrounding communities.
We recently closed on a transaction to sell Morris Island to the City of Charleston at a substantial price reduction. We did this so that Morris Island ? a historically significant Civil War battleground featured in the movie "Glory" ? will be preserved in perpetuity. Additionally, we have worked closely with Audubon Society of Florida to protect a bald eagle habitat at Tesoro and have also designated thousands of acres of land in many of our communities for environmental preservation. As you know, there are challenging times ahead given the current conditions of the real estate and financial markets.
While we are not immune to these challenges, we will certainly work hard to shore up our existing resorts and clubs, improve hospitality operations and do our very best to provide lasting, fun memories for you, your family and friends. On behalf of all of us at Ginn Resorts, we hope that you truly enjoy the benefits that the Ginn One Club will offer. Thank you for your continued support and we look forward to seeing you soon at a Ginn Club or Resort. This is a great idea.
Members will be allowed to use other clubs in the Ginn organization all over the country,including the Bahamas. Wouldn't you like to own a custom home like this? Want to minimize your risk? What an opportunity! Here's an idea worth considering. Some owners in Reunion Resort have agreed to sell their homes to multiple investors.
I am not talking about fractionalizing deeds, but what I am referring to is opening an LLC, allowing up to 6 owners who each own a share of the LLC which would own the property. Each will have the rights to use the membership. It would work like this. Among the owners, (it doesn't have to be 6 but probably at least 3 or 4), each would select different times of that year they would want to use the facilities so at no time would multiple owners be using the membership.
In the next few weeks I will work with the Ginn Company to obtain something in writing allowing the other owners of the LLC the rights to use the facility. With the Ginn Company, allowing you to enjoy the ALL the facilities mentioned by the CEO in the above memo, there is NO NEED to join an expensive club and pay those yearly fees and have nothing to show for it. If anyone is interested in this idea please contact me at firstname.lastname@example.org .
F. Lanni is a Top Producing Realtor in the Million Dollar Club http://orlandoreunionresorthomes.com