Word: quintessence
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Still, a lot has changed since the first clubs opened their doors in 1998 promising virtually unlimited access to multimillion-dollar homes from Telluride to Tokyo. The "anywhere, anytime" promise has morphed into "most places most of the time," says Ben Addoms, a founder of Quintess, Catch the Dream, which has 38 properties in 24 locations...
Exclusive Resorts, by far the biggest club with 300 homes in 35 destinations, raised prices 10% this summer. A mid-level membership is now $325,000, with annual dues of $19,500. Ultimate Resort and Quintess have also hiked prices. Crescendo is not only raising prices but also cutting the number of nights you may stay at its properties...
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