CHICAGO - (Business Wire) Please replace third graph of release with the following corrected version due to multiple revisions.
The corrected release reads:
ABERCROMBIE & KENT RESIDENCE CLUB INCREASES PROPERTY PORTFOLIO WITH FOUR NEW RESIDENCES
New Club Adds Residences in Popular Beach and Ski Destinations
Abercrombie & Kent Residence Club, an equity destination club launched in September by the acclaimed travel services company, today announced that four additional luxury residences, collectively valued at nearly $12 million, will be made available to members in the coming months.
The four residences include two homes in Turks and Caicos, a new Hawaiian home in Mauna Lani, and one or more new residences in Snowmass, Colorado. A&K Residence Club President Jarvis J. Slade, Jr., explained the new club’s growth strategy.
“Acquiring new residences in these unprecedented economic times demonstrates A&K’s commitment to our members and the club’s long term future. Additionally, given the condition of today’s real estate market, we are in a strong position to make targeted acquisitions that continue to benefit our members,” said Slade. “When we acquired the former BelleHavens and Crescendo clubs earlier this year, Abercrombie & Kent immediately secured a solid foundation of exceptional properties in advance of the official launch of the A&K Residence Club. These new acquisitions strengthen the value of our club and provide attractive options that are not available from any other club.”
The four new residences enhance A&K Residence Club’s property choices in beach and ski destinations, adding to an already strong portfolio of multimillion dollar residences and additional membership benefits such as access to A&K trips around the world, and A&K’s legendary ‘insider access,’ one-of-a-kind experiences that only A&K can deliver.
Once the new residences are put into service later this year, the A&K Residence Club property portfolio will include 17 private residences and access to 12 of A&K’s renowned European villas. The typical property is worth more than $3 million, averages 4,000 square feet, has four bedrooms and at least four bathrooms. In addition, members can choose to stay at any of 12 European boutique luxury hotels, all centrally located to the cultural centers of Europe’s finest destinations.
“It is critical to our success that the luxury experience we provide to club members is equal to what A&K travelers have come to expect over the past 46 years,” said Slade. “Our residences will reflect that quality in everything from how one is greeted at the airport to the meticulously maintained properties to the ultra-fine amenities found inside. Everything must be perfect and consistent across all residences.”
The Abercrombie & Kent Residence Club sets high standards for comfort, convenience and attention to detail. A typical Club property may feature the following home standards:
- Swimming pool
- Pratesi linens
- Chadsworth & Haig custom robes (for adults and children)
- Schott Zwiesel glassware
- Dell computers
- VOIP phones
- Acqua di Parma bath amenities
- And much more, including an extensive list of items specifically for children including baby monitors, baby gates, cribs and accessories, and Wii and PlayStation gaming consoles
About Abercrombie & Kent Residence Club
Launched in September 2008, the A&K Residence Club is the largest equity club in the industry, providing ownership of the club to the members and offering financial transparency. Membership in the A&K Residence Club has many advantages including a broad range of vacation travel options across the globe. The club’s property portfolio, from private residences to European villas to urban-centered apartments to boutique hotel suites, is unparalleled. On-site Destination Hosts arrange one-of-a-kind, exclusive “insider access” excursions that give members authentic, indigenous experiences at each destination. Members can also exchange some of their membership nights towards Abercrombie & Kent travel, choosing from more than 350 annual vacation adventures such as Kenyan safaris, cruises on the Nile, treks to the South Pole and adventures to the Galapagos. Memberships are currently available. For more information, visit www.akresidenceclub.com.
For media inquiries, including image requests, please contact Paul Rakov of Laura Davidson Public Relations at (212) 696-0660 or via e-mail at paul@ldpr.com. For the A&K Residence Club web site, please visit: www.akresidenceclub.com.
About Abercrombie & Kent
Born as a safari outfitter in 1962, Abercrombie & Kent’s unparalleled travel services now extend around the globe to more than one hundred countries on all seven continents. The company built its award-winning reputation by being the first to bring unexpected comforts and amenities to remote destinations. Small group or tailor made private travel with Abercrombie & Kent combines the convenience, service and security of a U.S.-based company with support 24/7 from a network of 60 on-site offices that ensure “by invitation only” access to inspiring experiences in a personalized, low-profile and intelligent style. www.abercrombiekent.com
Laura Davidson Public Relations
Paul Rakov, 212-696-0660
Vice President
paul@ldpr.com
or
Abercrombie & Kent, Inc.
Pamela Lassers, 800-554-7094, ext 420
Director, Media Relations
plassers@abercrombiekent.com
