The property market may be wilting but there was good news last week for the owners of 50-bedroom castles. An American entrepreneur with $500m (£277m) to spend is looking for a landmark property for the world’s most exclusive travel club.
Tim Blixseth of the Montana-based Yellowstone Club inspected two castles in Britain last weekend, but neither met the standards required for a club whose membership fees will start at an introductory rate of $4m and will eventually rise to $10m.
<snip>
The club has also acquired 1,600 acres of beachfront property in Mexico, a fishing lodge in Alaska, a spa in Palm Springs and a castle in Ireland. All will be for the exclusive use of club members who, in addition to the world’s highest joining fee, will pay up to $100,000 in annual charges.
Blixseth is also looking for a villa in Tuscany but last week he was keen to dispel any notion that his project is a glorified timeshare for busy billionaires. “Other resorts offer a house on the beach. We will own the beach,” he said.
<snip>
“There are lots of people who can afford $250,000 to join a fancy club,” said a New York travel consultant. “But $10m is a different ballpark.
For $10m, you’ve got to be special.”
Link to Sunday Times OnlinePardon my puke. :puke:
Here's a prime example of how those repuke tax cuts for the super-rich "grow the economy".
Just think of all those fine service sector jobs which are being created by this Yellowstone Club. Tricklin', tricklin', tricklin' on down...
Here's where you should re-focus your job search efforts.
Forget that degree in computer science. If you can get tennis whites
really, really white, you can name your price in the repuke economy.
Mechanical engineer with a good head for alternative fuel technology? That's a non-starter, but if you have a plan for a non-falling soufflé, the repuke economy wants YOU!
No degree? No problem! Lewis Black just joked about it, but I'm pretty sure the Yellowstone Club will have a staffing requirement for "personal ball washers".
See? There's room for
everyone in the * economy!