Vdara Hotel & Spa – Las Vegas, Nevada
2600 West Harmon Avenue Las Vegas, NV 89158
This fund is to purchase two (2) condo units located in the Vdara Hotel & Spa in Las Vegas, Nevada for the expansion of the ResClubs Membership Program. Revenue will be generated through short term rentals via a large international property management company as well as various revenue streams tangential to the Membership Program. Investors who hit certain thresholds of contribution will also benefit from a usage component which will allow them to stay in one of the units at no cost of lodging.
ResClubs - CEO of ResClubs, the first ever Vacation product that provides members with a guaranteed annual fixed income along with their Vacation time. Internationally recognized Vacation Property expert and innovator, and author of industry best seller, "Life as a Vacation, The Ultimate Buyers Guide to Vacation Rental Property".
Residence Clubs International (www.resclubs.com) operates iconic brands in the Residence Club space. Utilizing its Income Producing Residence Club model, it purchases and operates select vacation properties under such internationally known brands a "Jack Nicklaus" and "Crystal Lagoons". Expanding globally, ResClubs creates royalty revenue for its brands, and gives customers another reason to love the brand.
Mr. Williamson has been involved in the Vacation Home Industry since 2003 and has over 20 years of experience in the field of Branded Investment Luxury Property. In his successful career, he has worked with Four Seasons, Hard Rock, Fairfield, AECOM, Nicklaus, and most recently Encore Capital Management.
Mr. Williamson brings over 30 years of successful experience in International Real Estate Development, Acquisition and Sales/ Marketing. He has developed over 6000 condominiums and apartments, several hotels, built teams and trained and managed thousands of sales and Marketing members, and has executed transactions spanning the US and 10 other countries. A former Executive in the Real Estate division of the Four Seasons, he has acted as the International Real Estate Investment Adviser for many Institutional Real Estate Investment firms, foreign and domestic governmental agencies, major corporations and high net worth private investors from all over the world.
Mr. Williamson is a US Army Veteran and served as an Intelligence and Operations specialist. A military trained strategist, he served in Western Europe. Assigned to the 1st Armored Division Intelligence and Security unit in Germany. His team was tasked with the protection of the area closest to the then, East/West German border. While in the military. Mr. Williamson attended University of Maryland USAREUR with an emphasis on Finance and Behavioral Psychology. After his military duty, he entered the field of Commercial Real Estate Development in 1988.
An avid golfer and athlete, Mr. Williamson devotes much of his spare time working with various humanitarian and environmental initiatives. An advocate for the environment, he is a Founding Board Member of the Costa Rica Green Building Council(https://www.gbccr.org/acerca-de-nosotros) and has worked closely with the World Green Building Council.
The 4 properties, rent and member ready will cost $1,449,000. The marketing launch costs and administration, are expected to be $200,000. Reserve for contingency is $200,000
|Marketing & Administration||$200,000|
|Reserve for Contingency||$200,000|
Vdara is located within the MGM Resorts CityCenter Campus. CityCenter is truly the Mecca of Las Vegas located between Bellagio and Park MGM. Vdara has a direct access bridge into Bellagio to the north and Aria Resort and Casino to the south, both less than a one-minute walk away. Additionally, Vdara is less than a three-minute walk to The Cosmopolitan of Las Vegas (resort and casino), The Shops at Crystals CityCenter, and less than a 10 minute walk to Park MGM and T-Mobile Arena.
2600 West Harmon Avenue
Las Vegas, NV 89158
Per statista.com “Las Vegas is located in the state of Nevada in the west of the United States. In January 2019, a survey found that Las Vegas was the second most popular destination U.S. travelers would like to visit in the next year, after New York. It is most commonly known for its gambling resorts and nightlife, but the city is also a hub for business, conventions, and meetings. Vegas is also popular with leisure travelers with many tourists visiting the city for its famous casinos. In 2018, 74 percent of visitors to Las Vegas stated that they gambled while visiting. Las Vegas is by far the largest casino market in the U.S. and is home to the largest casino company in the world in terms of revenue, Las Vegas Sands.
Due to the impact of the coronavirus (COVID-19) pandemic, the number of visitors to Las Vegas in the United States dropped sharply in 2020 over the previous year. In 2020, Las Vegas recorded roughly 19 million visitors, whereas it attracted over 42 million people in 2019.”
According to the Las Vegas Convention and Visitors Authority (https://www.lvcva.com/research/faq/) the national average for hotel occupancy is 66.2% where as the Las Vegas Strip has an occupancy of 89.5%. Las Vegas has seen more than 35 million visitors a year from 2000 – 2019 with 5 of those years 2014 – 2019 seeing more than 41 million visitors.
Our strategy lies in the creation of the first ever Vacation Residence Club that pays its members, instead the members paying in every month. A true game changer in the Vacation investment arena. https://resclubs.com/membership-program-presentation/
We achieve this program through our patented process of deploying both a Vacation club and VRP on the same home.
This innovative approach is so well accepted and vetted, the ResClubs memberships are now the first and only SEC regulated "Vacation Security" sold to accredited investors by Licensed Securities Professionals. ResClubs has also acquired the largest residential real estate owner in the UK, Alfie Best https://en.wikipedia.org/wiki/Alfie_Best, as their capital partner. Mr. Best so strongly endorses the product that he has purchased 19% of the company.
ResClubs takes a data driven analytical approach to purchasing all properties. Each location is reviewed internally as well as with one of our third-party international property management partners to ensure viability of each property as a cash flowing asset.
Each property is purchased with never more than 70% debt. There is never more than 30% raised by member investors. Debt pay down begins immediately the first month after purchase.
Each membership provides a guaranteed, prepaid quarterly cash return direct to the Investor/Member’s bank account for up to 30 years, from only a one-time investment. The company maintains a 2 years reserve based on annual owed member payments at all times.
In addition to this guaranteed quarterly payment to investor/Members, they receive free usage of the Vacation homes for their family to enjoy, every year for up to 30 years. This Vacation time is also sellable by the Member/Investor and can be exchanged for hundreds of other amazing locations.
The impact is that there is no shortage of Investor/Members for the ResClubs product.
The ResClubs brand is experiencing continual growth in other verticals as well which will allow for potential synergies and additional revenue streams. Currently, ResClubs has moved into the international resort development with the PGA of America Resort Costa Rica due to the international development experience of its ownership.
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