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Solstice

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Membership
Members (as of 1Q06)	36
Member cap	42
Growth from LY	100%
Allow designated use?	Gift 50% to F&F
Waiting list?	Yes for family memberships
Fees
Membership deposit (Platinum)	$825,000
Annual dues (highest)	$39,500
Daily fee	No
Confirmed plan days	56 days
Additional day fee	$675/night
# membership plans	3
% refundable	80% prevailing value
Refund increases with deposit?	Yes
Resignation ratio	1:1
Equity membership?	Yes
Real estate investment opportunity?	No
Destinations
# Destinations	7 plus private yacht
# Homes	7 plus private yacht
# Under construction	1
Planned	7 plus private yacht
Real Estate
Average asset value	$5.5 million (cost)
Average size	4,500 sq ft
Configuration	3-4 bedrooms

Reservations
Member-to-home ratio	6:1
Advanced holiday reservations	Unrestricted
Confirmed reservations	56 days
Travel restrictions	Minimum 3-day increments
Online reservations	Yes
Travel Services
Travel planning concierge	No
Destination host	Yes
Partners
Private jet services	Sentient Private Jet
Travel agencies	Mint Lifestyle
Other partners	Yes, disclosed to members
Club structure
% Owned vs. leased	All owned
% Deposit used for operations	15
Annual meeting	No
Membership advisory committee	Yes
Management strength
Principals	Over 100 years real estate and financial services
Hospitality experience	40+ years luxury hospitality mgmt
Real estate experience	$1B+ in invested capital
Celebrities	Confidential
Year founded	2003
Total reservations executed	Over 500

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