Browsing All posts tagged under »Destination club«

‘Ultimate Escapes’ Destination Club Files for Bankruptcy

October 19, 2010


Ultimate Escapes, one of the largest luxury destination clubs in the world, filed for bankruptcy last week, the latest blow to the struggling residence exchange industry. In a court filing, Florida-based Ultimate listed assets of $10 million to $50 million and debts ranging from $100 million to $500 million. Earlier this month chief executive Jim […]