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The LUSSO Collection

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Membership
Members (as of 1Q06)	35
Member cap	550
Growth from LY	N/A
Allow designated use?	2 weeks per year
Waiting list?	No
Fees
Membership deposit (highest)	$325,000
Annual dues (highest)	$25,000
Daily fee	None
Confirmed plan days	Unlimited
Additional day fee	None
# membership plans	2
% refundable	100%+
Refund increases with deposit?	Yes
Resignation ratio	3:1
Equity membership?	No
Real estate investment opportunity?	No
Destinations
# Destinations	8
# Homes	14
# Under construction	7
Planned	100
Real Estate
Average asset value	$3.25 MM
Average size	3700 sf
Configuration	4 BR

Reservations
Member-to-home ratio	5.5:1
Advanced holiday reservations	1 guaranteed per year
Confirmed reservations	4 standard (<1 yr); 2 advanced (1-2 yrs)
Travel restrictions	None
Online reservations	Yes
Travel Services
Travel planning concierge	Yes
Destination host	Yes
Partners
Private jet services	None
Travel agencies	None
Other partners	Lenox China
Club structure
% Owned vs. leased	2 of 14 with option to purchase
% Deposit used for operations	20%
Annual meeting	No
Membership advisory committee	Yes
Management strength
Principals	Rapala, PwC
Hospitality experience	Over 35 years
Real estate experience	Wally Hobson, advisor
Celebrities	None
Year founded	2005
Total reservations executed	N/A

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