Banyan Tree Private Collection expands
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(Hong Kong, January 20, 2010) — Banyan Tree Private Collection, Asia’s first global destination club, has entered into a reciprocal agreement with The Hideaways Club in an effort to continually offer its members the utmost in quality and variety of travel experiences.
Both Banyan Tree Private Collection and The Hideaways Club are destination clubs that offer their members access to a portfolio of luxury villas and apartments at some of the world’s most divine destinations. Banyan Tree Private Collection members will find their borders significantly expanded with the inclusion of The Hideaways Club’s portfolio of luxury properties. The partnership represents a reciprocal agreement between the two parties allowing Banyan Tree Private Collection members up to 200 nights stay annually in The Hideaways Club properties and vice versa.
Currently, Banyan Tree Private Collection owns premium villas within Banyan Tree resorts at Phuket, Thailand; Bintan and Bali, Indonesia; Ringha, China and Seychelles, as well as stand-alone private villas and luxury apartments in Tuscany, Italy; Grasse, France; London, United Kingdom; and Kyoto, Japan. Their selection of “Associate Villas” is located in all 23 Banyan Tree properties including Lijiang, China; Bangkok, Thailand; Madivaru, Maldives and Mayakoba, Mexico. On top of these destinations, BTPC members will enjoy the use of 17 luxurious properties managed by The Hideaways Club spread across Europe, Africa, and Mauritius.
Marina Kleiman, managing director of Banyan Tree Private Collection commented, “We’re excited to welcome The Hideaways Club members to our portfolio of luxury properties located in some of the world’s most divine destinations, all exuding a love of travel our brand has become known for. In return, our members are also gaining access to an additional 17 luxury villas in locations we don’t have any presence in yet, significantly expanding their destination choices. “
Commenting on the alliance Mike Balfour, Chairman and co-founder of The Hideaways Club said, “We are thrilled to have formed this partnership with such a prestigious and internationally recognised company. This is a very exciting time in the growth of The Hideaways Club, and with nine additional properties from which to choose the alliance opens up a whole new area for our members to discover and enjoy. This relationship further endorses our commitment to offering the widest range of holiday options available to members of the Club.”
Banyan Tree Private Collection boasts one of the most attractive fees in the destination club industry, with membership priced at a one-time joining fee and annual fees starting at US$150,000 and US$3,000 respectively. Members receive seven days a year at the club’s worldwide destinations and can lock in a lifetime of vacations at the present price level and the payback period of the initial outlay is within seven to eight years. Banyan Tree Private Collection members enjoy asset-protection as the club’s properties around the globe are safeguarded by an independent company, with shares held by trustee shareholders.
Launched in 2007, The Hideaways Club is Europe’s leading luxury property investment fund, offering its members exclusive usage and ownership of an entire portfolio of luxurious properties for a fraction of the cost of buying a single home overseas.
More information on Banyan Tree Private Collection and The Hideaways Club may be found online at www.btprivatecollection.com and www.thehideawaysclub.com. Membership enquiries for Banyan Tree Private Collection may be directed to membership services at +852 2312-1815 or sales-hongkong@btprivatecollection.com.
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