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BelleHavens

Written by Jamie Cheng 10/24/2005
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BelleHavens logo Membership Inquiries:


http://www.bellehavens.com
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Membership
Members (as of 1Q06) 50
Member cap 1000
Growth from LY 400%
Allow designated use? No
Waiting list? No
Fees
Membership deposit (highest) $200,000
Annual dues (highest) $16,000
Daily fee None
Confirmed plan days 21 to 35
Additional day fee $750
# membership plans 2
% refundable 90% of future price
Refund increases with deposit? Yes
Resignation ratio 2:1
Equity membership? Yes
Real estate investment opportunity? No
Destinations
# Destinations 11
# Homes 11
# Under construction 2
Planned 100
Real Estate
Average asset value $2MM
Average size 3500 sf
Configuration 3-5 BR
Reservations
Member-to-home ratio 10:1 member to owned (5:1 availability)
Advanced holiday reservations 1
Confirmed reservations 1
Travel restrictions Advanced: Sun to Sun
Online reservations Yes
Travel Services
Travel planning concierge Yes
Destination host Yes
Partners
Private jet services None
Travel agencies None
Other partners None
Club structure
% Owned vs. leased Banyan Properties leasing NYC residence
% Deposit used for operations 30%
Annual meeting Planned
Membership advisory committee Yes
Management strength
Principals Institiutional and individual investors
Hospitality experience Kimpton Hotel Group, Marriott, others
Real estate experience 30+ years experience
Celebrities No
Year founded Late 2004
Total reservations executed 750+ nights occupancy

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