Club Colima 71 is a luxurious private residence club comprising elegant studio residences and common facilities, complemented by first-class hotel services. The Club commands an enviable location in the renowned Roma Norte neighborhood of Mexico City. The Club residences are housed within the Colima 71 Art Design Hotel, which has earned a multitude of awards. The beautiful residences are perfectly complemented by a sophisticated amenities and services. Club co-ownership affords a convenient, luxurious, and flexible way to own an authentic Roma lifestyle.
Yes. Real estate ownership is evidenced through shares of INMOBILIARIA MIDORIS S.A. DE C.V., a Mexican commercial company that owns the Colima 71 property. This form of real estate co-ownership provides significant tax advantages and can be sold, willed or transferred like other forms of real estate ownership.
Club Colima 71 combines the benefits of pied-a-terre ownership with the private amenities and services of a luxury boutique hotel. A select group of like-minded members share the ownership, use, and cost of the Club residences and common amenities. Many residence club owners around the world can afford their own vacation home but they can’t justify the high cost and responsibilities relative to the amount of personal use. Residence club owners enjoy generous and flexible vacation use mirroring that of a “typical” owner of a Mexico City holiday home. They enjoy an enticing list of club facilities and personal attention from their club staff. What they don’t have are the high costs, maintenance, or worries that are associated with absentee ownership.
There are only eight members per Club residence, allowing for frequent and flexible lodging throughout the year. If all owners use their Club equally, each will enjoy a minimum of 45 days in enchanting Roma and its surroundings.
As often as you wish, subject only to the club reservations policies and availability. Members have the flexibility of reserving Planned Vacations in advance, as well as visiting on a space-available basis. Members reserve 21 days of Planned Vacations prior the start of each Club Year. This leaves abundant additional occupancy for space available vacations during the year. If all members lodge at their Club equally, each would enjoy a minimum of 45 days annually. However, there is no limit on use. If some members visit their Club less during the year, others can enjoy it more often. Members have the option to enjoy their reserved stays personally, hosting unaccompanied, guests, allow Club management to rent the stay for them, or deposit the confirmed stay with Elite Alliance Exchange and take a vacation in one of 120 other exciting destinations.
Club Colima 71 is designed to equitably allocate visits when demand for lodging may exceed supply. A rotating priority system® ensures all members will have equal access to the most-requested dates over the years. This system has proved fair and equitable for more than 35 years at residence clubs around the globe.
Yes. As with any vacation home, members may invite unaccompanied guests to use any of their confirmed vacations without a guest fee.
Yes. Members can make their confirmed Planned or Space Available Vacations available for rental in accordance with the Club documents.
To provide the greatest flexibility and availability, members have equal access to all Club residences within their Residence Category - Club Studio, Club Balcony or Club Terrace. Requests for a specific residence will be granted whenever possible.
Yes. Because these members are not restricted to using a specific residence, they can use their reservation privileges to reserve more than one residence within their Residence Category during the same dates, if sufficient residences are available. This is a membership benefit unique to residence clubs that allows members to host family reunions, a gathering of friends, or corporate retreats.
Yes. Club Colima 71 has been selected to participate in the prestigious Elite Alliance® Exchange program (www.EliteAlliance.com/exchange). Your complimentary Elite Alliance Premium Membership provides exchange privileges with owners at an expanding family of prestigious properties in premier international destinations, plus an array of other valuable benefits.
Yes. The comprehensive annual fees pay for the professional management and operation of the Club. Included in these comprehensive annual fees are funds for property tax, staff salaries, supplies, residence and common area maintenance, trash removal, legal/accounting, utilities, management fee, and reserves for the scheduled replacement of furnishings and appliances. These fees are a fraction of the all-in costs associated with traditional vacation home ownership.
No.
Yes. The housekeeping fee paid upon departure pays for twice-daily tidies and complete cleaning to prepare the residence for the next arriving member.
A member-elected Board of Directors establishes budgets and fees on an annual basis.
Yes. Like other forms of real estate, a member’s interest can be willed or transferred by the member, or sold by a licensed real estate agent.
Yes. The first equity residence club was introduced 35 years ago at top-rated Deer Valley Resort in Park City, Utah in the U.S. Since that time, residence clubs have been enthusiastically embraced by affluent buyers at premier destinations as diverse as: Manhattan; the Rocky Mountains; Napa Valley; Bermuda; the coast of Mexico; Florence, Italy; the Tuscan countryside; and many other coveted international locations. Each of these residence clubs is owned and operated much like Club Colima 71. The principals of Elite Alliance Real Estate, creators of the residence club concept, are part of the Club Colima 71 team.
