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BOULDER-A dramatic new concept in the vacation industry is being launched quietly in Boulder by a diverse group of private investors.
Quintess LLC, a new company led by five Colorado business leaders and partially backed by serial entrepreneur Pete Estler, is an exclusive private club that provides its affluent members access to multi-million-dollar vacation homes around the globe.
The company, online at www.quintess.com, is positioning itself not only to compete with other luxury vacation clubs like Exclusive Resorts but also to provide its members with an alternative to buying a second home or booking lavish vacations several times a year. Members are given access to single-family homes averaging $3.5 million in value in some of the world's most popular vacation spots as well as access to elite services including private chefs, spa facilities and valet transportation.
It's not travel for the budget-conscious, however.
The membership fee for Quintess starts at $165,000 with $10,500 in annual dues for 15 days of vacation per year. Premium members pay $300,000 plus $20,000 in annual fees for 30 days of access. The company has developed a group plan to allow families or corporations to share their membership.
Chief Executive Len Allsup, who managed to attract Pete Estler and his partner Ben Addoms to the project during its initial round of financing, initiated the concept. Estler has long been a player in Colorado startups with expertise in integrated technologies, database marketing, business development and finance. He was responsible for starting dbINTELLECT Technologies and MatchLogic, both of which were sold in multimillion-dollar deals during the technology...