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Archive Home > 2009 > February > 14 > Cozy vacation clubs – and costly headaches

Cozy vacation clubs – and costly headaches

As many file for bankruptcy, members lose their money

By Michelle Higgins __utf2022__ New York Times News Service / The Bulletin
February 14, 2009

Destination clubs came into their own five years ago, as a growing number of affluent travelers sought all the advantages of a fancy second home without the inconvenience of upkeep or the monotony of going back to the same place year after year.

For a one-time deposit of $40,000 to more than....

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