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Destination Club
The concept of a destination club was introduced in 1998, when Rob McGrath, a veteran of the luxury timeshare development business, launched Private Retreats. Since then, more than 30 companies have launched clubs targeting affluent families that want the benefits of second home ownership, but with more flexibility and choice in where they vacation each year. Inspirato with American Express is the world's largest destination club. By joining a destination club, a member gains access to a collection of vacation homes in various locations around the world in exchange for a one-time membership fee and annual membership dues. Consistent with other vacation options, inventory can be booked based on availability. Some clubs allow members to purchase different membership-types which offer different levels of reservation priority, personalized services and resort amenities such as beach clubs, luxury spas and private chefs. What is included Benefits and access privileges vary by club. Here ...
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Timeshare
A timeshare (sometimes called vacation ownership) is a property with a divided form of ownership or use rights. These properties are typically resort condominium units, in which multiple parties hold rights to use the property, and each owner of the same accommodation is allotted their period of time. Units may be sold as a partial ownership, lease, or "right to use", in which case the latter holds no claim to ownership of the property. The ownership of timeshare programs is varied, and has been changing over the decades. History The term "timeshare" was coined in the United Kingdom in the early 1960s, expanding on a vacation system that became popular after World War II. Vacation home sharing, also known as holiday home sharing, involved four European families that would purchase a vacation cottage jointly, each having exclusive use of the property for one of the four seasons. They rotated seasons each year, so each family enjoyed the prime seasons equally. This concept was ...
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Bordeaux
Bordeaux ( , ; Gascon oc, Bordèu ; eu, Bordele; it, Bordò; es, Burdeos) is a port city on the river Garonne in the Gironde department, Southwestern France. It is the capital of the Nouvelle-Aquitaine region, as well as the prefecture of the Gironde department. Its inhabitants are called ''"Bordelais"'' (masculine) or ''"Bordelaises"'' (feminine). The term "Bordelais" may also refer to the city and its surrounding region. The city of Bordeaux proper had a population of 260,958 in 2019 within its small municipal territory of , With its 27 suburban municipalities it forms the Bordeaux Metropolis, in charge of metropolitan issues. With a population of 814,049 at the Jan. 2019 census. it is the fifth most populated in France, after Paris, Lyon, Marseille and Lille and ahead of Toulouse. Together with its suburbs and exurbs, except satellite cities of Arcachon and Libourne, the Bordeaux metropolitan area had a population of 1,363,711 that same year (Jan. 2019 census), ma ...
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Robb Report
The ''Robb Report'' is an American, English-language, luxury-lifestyle magazine featuring products, including automobiles, aviation, boating, real estate and watches. Founded in 1976, it is currently owned by Penske Media Corporation. It also distributes ''Muse by Robb Report,'' a luxury magazine targeting female readers. History ''The Robb Report'' was founded in 1976 by Robert L "Rusty" White. Originally titled ''Twentieth Century Confederates'', it began as a newsletter to sell his personal collection of Civil War memorabilia and Rolls-Royce automobiles. White distributed his newsletter to members of the Rolls-Royce Owners Club as mimeographed loose-leaf pages, and he provided a suede three-ring binder to paying subscribers. The publication matured into an advertorial, one of the first of its kind, catering to affluent clientele. The blend of advertising and editorial was broadcast to high-end, affluent consumers via advertisements in ''Architectural Digest''. In 2002, the "Ro ...
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Forbes
''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also reports on related subjects such as technology, communications, science, politics, and law. It is based in Jersey City, New Jersey. Competitors in the national business magazine category include ''Fortune'' and ''Bloomberg Businessweek''. ''Forbes'' has an international edition in Asia as well as editions produced under license in 27 countries and regions worldwide. The magazine is well known for its lists and rankings, including of the richest Americans (the Forbes 400), of the America's Wealthiest Celebrities, of the world's top companies (the Forbes Global 2000), Forbes list of the World's Most Powerful People, and The World's Billionaires. The motto of ''Forbes'' magazine is "Change the World". Its chair and editor-in-chief is Steve Fo ...
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Institutional Venture Partners
Institutional Venture Partners (IVP) is a US-based private equity investment firm focusing on later-stage venture capital and growth equity investments. IVP is one of the oldest venture capital firms, founded in 1980. History While Reid W. Dennis was an analyst at the Fireman's Fund Insurance Company starting in 1952, he started an informal network of screened individual investors (now called angel investors). In 1974, Dennis founded Institutional Venture Associates (IVA), funded by six institutions such as American Express. Burton J. McMurtry and David Marquardt, who had been involved with IVA, left and founded Technology Venture Investors, the first investor in Microsoft. These were some of the first venture capital firms located on Sand Hill Road near Stanford University, within Silicon Valley. With his personal wealth and that of other partners, Dennis founded Institutional Venture Partners in 1980. The first IVP fund had $22 million. In a field that was generally male-domina ...
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Kleiner Perkins Caufield & Byers
Kleiner Perkins, formerly Kleiner Perkins Caufield & Byers (KPCB), is an American venture capital firm which specializes in investing in incubation, early stage and growth companies. Since its founding in 1972, the firm has backed entrepreneurs in over 900 ventures,"Assets"
Kleiner Perkins, 2019
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Los Angeles Times
The ''Los Angeles Times'' (abbreviated as ''LA Times'') is a daily newspaper that started publishing in Los Angeles in 1881. Based in the LA-adjacent suburb of El Segundo since 2018, it is the sixth-largest newspaper by circulation in the United States. The publication has won more than 40 Pulitzer Prizes. It is owned by Patrick Soon-Shiong and published by the Times Mirror Company. The newspaper’s coverage emphasizes California and especially Southern California stories. In the 19th century, the paper developed a reputation for civic boosterism and opposition to labor unions, the latter of which led to the bombing of its headquarters in 1910. The paper's profile grew substantially in the 1960s under publisher Otis Chandler, who adopted a more national focus. In recent decades the paper's readership has declined, and it has been beset by a series of ownership changes, staff reductions, and other controversies. In January 2018, the paper's staff voted to unionize and final ...
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Chapter 11, Title 11, United States Code
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. Chapter 11 overview When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned to the ...
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Marriott International
Marriott International, Inc. is an American multinational corporation, multinational company that operates, franchises, and licenses lodging including hotel, residential, and timeshare properties. It is headquartered in Bethesda, Maryland. The company was founded by J. Willard Marriott and his wife Alice Marriott. Profile Marriott is the largest hotel chain in the world by the number of available rooms. It has 30 brands with 8,000 properties containing 1,423,044 rooms in 131 countries and territories. Of these 8,000 properties, 2,149 are operated by Marriott, and 5,493 are operated by others pursuant to franchise agreements. The company also operates 20 hotel reservation centers. Marriott International, Inc. was formed in 1993 when Marriott Corporation split into two companies: Marriott International, Inc., which franchises and manages properties, and Host Marriott Corporation (now Host Hotels & Resorts), which owns properties. Since the founders were Mormon missionaries, c ...
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Steve Case
Stephen McConnell Case (born August 21, 1958) is an American businessman, investor, and philanthropist best known as the former chief executive officer and chairman of America Online (AOL). Case joined AOL's predecessor company, Quantum Computer Services, as a marketing vice-president in 1985, became CEO of the company (renamed AOL) in 1991, and, at the height of the dot-com bubble in 2000, orchestrated with Gerald M. Levin the merger that created AOL Time Warner, described as "the biggest train wreck in the history of corporate America." Since resigning as chairman of the company in 2003, he has launched a venture-capital firm, Revolution LLC, based in Washington, D.C., and authored ''The Third Wave: An Entrepreneur's Vision of the Future'', which in 2016 became a ''New York Times'' bestselling book. In 2022 he published his second book, ''The Rise of the Rest: How Entrepreneurs in Surprising Places Are Building the New American Dream''. Life and career Steve Case was born ...
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Brad Handler
Brad Handler (born July 19, 1967) is an American entrepreneur and attorney best known for his success in the destination club industry and his role as the first in-house attorney at eBay . He is a founder and chairman of Inspirato, a private, luxury destination club. In 2002, along with his brother Brent Handler, he founded Exclusive Resorts, where he served as chairman, CEO and vice-chairman. He served as eBay's in-house attorney from 1997 to 2001. He is based in Palo Alto, California. Personal life and education Handler was born July 19, 1967 in Denver, Colorado, the son of Suzanne and Norton Handler. He has one sibling, younger brother Brent Handler. He attended Thomas Jefferson High School (Denver), where he played tennis and competed on the debate team, and graduated in 1985. He earned a Bachelor of Arts degree in History from the College of Arts & Sciences at the University of Pennsylvania and a Bachelor of Science degree in Economics from The Wharton School of the Un ...
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Brent Handler
Brent Handler (born October 21, 1969) is an American entrepreneur who works in the destination club industry. He is founder and CEO of Inspirato, a private, luxury destination club. In 2002, along with his brother Brad Handler, he founded Exclusive Resorts and served as the company's president from 2002 to 2009. He is based in Denver, Colorado. Personal life Handler was born October 21, 1969 in Denver, Colorado, the son of Suzanne and Norton Handler. Norton Handler owned a series of clothing manufacturers and shared his passion for entrepreneurism and real estate with both Brent and his older brother Brad during their early years. Handler attended Thomas Jefferson High School (Denver), where he played tennis and basketball, and graduated in 1987. He earned his undergraduate business degree from the University of Colorado at Boulder in 1991. In 1995, Handler married Kirsten Sweetman. They have three children. Brother, Brad Handler, went on to become the first in-house attor ...
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