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Abercrombie & Kent Announces The Official Launch Of Abercrombie & Kent Residence Club

By webadmin |  September 19 2008


Chicago, IL. – Abercrombie & Kent, the luxury adventure travel services company, today launched the much anticipated Abercrombie & Kent Residence Club by announcing a “Founders Offer,” an exclusive package providing many enticing new-member benefits. The announcement was made at Christie’s in New York City, marking the first in a week-long series of Abercrombie & Kent Residence Club events held at six different Christie’s locations throughout the country including New York, Greenwich, CT, Chicago, Houston, Dallas and Los Angeles.

The A&K Residence Club offers members access to multi-million dollar residences, European villas and private hotel suites in more than 30 destinations worldwide. Each property features Abercrombie & Kent’s brand of superior quality services, and renowned “insider access” experiences.

“Nearly 50 years ago, I founded A&K with an idea that revolutionized the travel industry — providing unexpected comforts and amenities to remote destinations,” said Geoffrey Kent, founder of Abercrombie & Kent. “Today, we are forging a new direction in the destination club industry with a Residence Club that is based on an equity model. The members own the properties and we provide services that can only be delivered by a company with A&K’s worldwide presence and travel service background.”

Abercrombie & Kent Residence Club “Founders Offer” details were released at an invitation-only event today at Christie’s New York, the start of a marketing partnership between the two renowned companies.

“Launching the Abercrombie & Kent Residence Club at Christie’s was a perfect showcase for the unique nature of the club,” said Jarvis J. Slade, Jr., A&K Residence Club president. “Both companies are leaders in their field, demonstrating a strong commitment to quality, exceptional services and unique offerings. We are excited to work with Christie’s as we launch the next generation of destination clubs.”

With today’s announcement, A&K Residence Club has begun offering club memberships to the general public. The club has been formed based on an equity model, which means the membership owns the properties.

Three levels of membership are available based on the number of nights the member would like to enjoy during the year. All memberships have the unique option of being able to exchange club membership nights towards any of Abercrombie & Kent’s more than 350 small group escorted journeys or tailor-made private travel.

The 15-day plan, which has an initial member capital contribution of $225,000, includes up to seven days that can be exchanged for A&K travel. The 30-day plan, valued at $390,000, includes up to 10 days available to be exchanged. The 45-day plan, valued at $495,000, also includes up to 10 days that can be exchanged.

The “Founders Offer,” which is available only for a limited number of new members through year end, extends the attractiveness of A&K Residence Club membership by providing more than $30,000 worth of incentives, including:

-Unaccompanied use of membership nights by family and friends for the lifetime of the membership (valued up to $20,000)

-Up to two weeks can be exchanged for A&K travel (30 and 45-day membership plans only)

-Guaranteed usage of the A&K Residence Club yacht for one week without additional surcharge or fees (valued at $10,000)

“The additional enhancements in the Founders Offer combined with our equity club model and A&K’s long-standing commitment to providing outstanding experiences makes our club unique in the destination club marketplace,” said Slade.

About Abercrombie & Kent Residence Club

Abercrombie & Kent Residence Club has revolutionized the industry with a series of unique membership benefits:

– A trusted and recognized brand with more than 45 years of changing how people see the world which gives members the security, safety and services that they expect. Founded in 1962 by Geoffrey Kent, Abercrombie & Kent has provided millions of unforgettable travel experiences to discerning travelers, exposing guests to exotic locales and changing their view of the world.

– Unmatched choice in travel options in over 106 countries and 30 destinations. Members enjoy access to an extraordinary collection of residences, stunning European villas, elegant boutique hotels, a private yacht and legendary Abercrombie & Kent travel experiences across the globe.

– Exceptional availability. The Club ensures superior availability of properties and travel experiences due to its’ low member to property ratio, ability to exchange their nights for experiences around the world with A&K travel, and a best-in-class approach for fairly handling holidays and peak demand periods.

– Peace of mind in equity. Having structured the Club as an equity model, members are assured of having access to a portfolio of debt-free properties that are owned by the membership, and an active voice in determining how the Club develops.

About Abercrombie & Kent

Born as a safari outfitter in 1962, Abercrombie & Kent’s unparalleled travel services now extend around the globe to more than one hundred countries on all seven continents. The company built its award-winning reputation by being the first to bring unexpected comforts and amenities to remote destinations. Small group or tailor made private travel with Abercrombie & Kent combines the convenience, service and security of a U.S.-based company with support 24/7 from a network of 60 on-site offices that ensure “by invitation only” access to inspiring experiences in a personalized, low-profile and intelligent style.

www.abercrombiekent.com

About Christie’s

Christie’s is the world’s leading art business with global art sales in 2007 that totaled £3.1 billion/$6.3 billion. This marks the highest total in company and in art auction history. For the first half of 2008, art sales totaled £1.8 billion / $3.5 billion. Christie’s is a name and place that speaks of extraordinary art, unparalleled service and expertise, as well as international glamour. Founded in 1766 by James Christie, Christie’s conducted the greatest auctions of the 18th, 19th and 20th centuries, and today remains a popular showcase for the unique and the beautiful. Christie’s offers over 600 sales annually in over 80 categories, including all areas of fine and decorative arts, jewelry, photographs, collectibles, wine, and more. Prices range from $200 to over $80 million. Christie’s has 85 offices in 43 countries and 14 salerooms around the world including in London, New York, Los Angeles, Paris, Geneva, Milan, Amsterdam, Tel Aviv, Dubai, Hong Kong and Zurich. Most recently, Christie’s has led the market with expanded initiatives in emerging and new markets such as Russia, China, India and the United Arab Emirates, with successful sales and exhibitions in Beijing, Mumbai and Dubai.

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