What is
Destination M
Destination M is a vacation property investment portfolio that is exclusive to our members.
The M Advantage
We select special properties in premium destinations that our Members share ownership in.
Limited Luxury Ownership
Currently, we have approximately 200 Members, an active waitlist and have access to almost 40 homes that we own/operate or are partner properties. Our limited ownership group helps to maintain vacation availability and ensures our properties are only shared amongst trusted Members and their families.
Personalized Experience
Destination M has expert Mbassadors for each location, ensuring your trip is taken care of the way you want it to be. From fully stocking the property with groceries, to planning tours and adventures, your Mbassador is here to make your trip trouble-free.
No Extra Fees
Our Members’ annual dues cover everything from maintenance, Mbassador fees and any other costs associated with the property. The only fee is a cleaning fee after your stay. There are no additional nightly fees for using the properties. Our homes are for our Members therefore if one of our owned/operated properties is available within a 30 day window, a Member can book it without it impacting their plan days.
Worry-Free Investment
Each of our properties is professionally managed and maintained to ensure it is in the best of condition, and that everything is ready for the next member. Our Members need not worry about the hassles of home ownership.
How it Works
Full Ownership Portfolio of Properties
Destination M is an investment portfolio of luxury properties that operates as a not-for-profit company utilizing a shared-use model. It is not a timeshare. All our properties are owned by Members, and the use of the properties is exclusive only to Members and their families. We are constantly searching for new and exciting properties. When we find a great value, we invite waitlist members to join to ensure our Member-to-property ratio remains low.
Cost of Ownership
There is a one-time capital contribution per Shareholder that is used principally for the purchase of the real estate within the club.
Each Shareholder contributes their proportionate share of actual costs to run M. These range between $21,480 – $41,600 CDN annually as shared costs, as well as property management, repairs, maintenance, insurance and additional costs incurred by the residences within the collection.
Shareholders have the option of three weeks to two months of vacation time, depending on the shares they purchase. Shareholders can book up to two years in advance, and one of the many M advantages is that Owners can book available properties within 30 days of travel and not use any of their allotted time.
How to Get Your Investment Back
Destination M has a share buyback opportunity for investors every ten years, in order to provide a stable platform for growth for the club and to define a clear exit strategy for its membership. Shareholders are also able to sell their shares privately at any time.
