Hideaways Club Launches City Collection of Luxury Apartments

Residential News » Residential Real Estate Edition | By Alma Kadragic | January 12, 2011 1:26 PM ET

(DUBAI, UAE) -- The Hideaways Club, a global property company specializing in equity ownership and management of a collection of international luxury property investment funds, announced this week that it is launching its second fund, The Hideaways Club City Collection, a portfolio of luxurious global city apartments.

Following the success of The Classic Collection, the Hideaways Club's first fund of luxury villas across the world - including the Villa Arabella in South Africa and the Villa Palmeira in Portugal - comes the launch of The City Collection - an exclusive private members club which will provide investors with a new way to enjoy a luxurious city lifestyle.

The City Collection will start with 10 serviced apartments in New York, London, Paris, Venice, Miami, and Prague. Other cities will added, including Moscow, Rio de Janeiro, Bangkok, and Sydney to reach 120 city apartments over the next three years.

Every apartment will be located in or close to city centers and will be overseen by a concierge service to handle everything from booking apartments and arranging dinner parties to acquiring tables in the smartest restaurants or tickets for the best shows.

The City Collection is intended for people who enjoy frequent travel and an international lifestyle. "The success of the Classic Collection and extremely positive testimonials from our members confirms our belief that this type of investment is not just a financially astute way to own and use overseas properties, but provides the means to enjoy memorable holiday experiences while at the same time providing the logical alternative to sole property ownership," said Nick Bettany, CEO of The Hideaways Club.

With up to $2.8 million invested in each apartment, the properties will have a minimum of two double bedrooms and bathrooms, king sized beds with Egyptian cotton sheets, the latest high tech and audio visual equipment, a DVD and book library, wireless internet, flat screen televisions, and fully equipped kitchens.

Premium Membership allows up to 23 nights per year and costs $187,000 for a full equity share. To that is added an annual fee of $8300.  Associate Membership allows up to 12 nights per year and costs $101,400 for a half share. The annual fee is $4306. By investing in the fund, members will share in the appreciation of the entire portfolio of properties and automatically become members of The Hideaways Club.


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