Destination Clubs failing? LUSSO and Yellowstone bankrupt -- Who is next?

The LUSSO Collection, one of the "destination clubs" that offers wealthy vacationers a choice of private homes around the world, has filed for bankruptcy in Minnesota, according to Halogen Guides. LUSSO has homes in 16 prestigious locations around the world, and will continue operating, according to a statement given to Halogen. But the chatter among owners in luxe land suggests everyone is wondering which club will be the next into bankruptcy court. Exclusive Resorts, the largest of the clubs, has apparently laid off staff. The Yellowstone Club, the private Montana ski resort that was a poster child for ultra-rich digs in flush times, and which grew into a network of 10 resorts worldwide, filed for bankruptcy in November, Other clubs are said to be raising their rates and fees. Stay tuned.

Aspen Favorite of Destination Clubs

No surprise as more and more "destination clubs" are putting down roots in Aspen. A recent Aspen Daily News article indicated the following clubs have properties there

• LUSSO Collection -- townhome at Aspen Highlands.
• Exclusive Resorts, -- townhome at Two Creeks and a large block of time at the Timbers Club.
• Portofino Club -- condo at the Snowmass Club
• Quintess (includes The Leading Residences of the World)-- three properties in Aspen
• Solstice Club -- two houses in Aspen's best year-round neighborhood, the West End
• High Country Club -- condo in Snowmass
• Oyster Circle Club -- said to have plans to buy in Aspen or Snowmass.