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The Pinnacle at Purgatory Lodge
What is The Pinnacle at Purgatory Lodge?
The Pinnacle is a Private Residence Club, a member-owned club located on the top floors of Purgatory Lodge, a 4 plus-star, ski-in/ski-out lodge located at the base of Durango Mountain Resort. The Pinnacle is comprised of a total of 8 spacious and luxurious four-
bedroom residences and a private Member Clubhouse. Owners have access to all of the services and amenities associated with this lodge plus special ski and golf privileges while in residence.
How is Ownership at the The Pinnacle evidenced?
Title to your Ownership/Membership is evidenced by a real estate deed to an undivided, deeded, shared, one-eight interest in a four-bedroom residence at The Pinnacle, which is recorded and insured by a title insurance policy, subject to the private residence club documents. This interest can be placed in trust, sold or willed to other individuals like most other forms of real estate.
Is The Pinnacle a timeshare development?
No. Timeshare is typically the ownership of a specific week (or weeks) and lodging is usually limited to a specific unit. Owners at The Pinnacle have access to all eight residences and all facilities, with the right to use them anytime, subject to the reservation policies. With a maximum of only 8 Owners per residence, vacation use is abundant and flexible and is used more like whole ownership real estate than a timeshare.
How many Ownership interests will be sold?
The Pinnacle will offer only four-bedroom Memberships. There will be only 8 ownership interests offered for each of the 8 residences with a total of 64 Memberships for the entire Private Residence Club.
Can more than one family or individual own a single Membership?
Yes. Families or individuals can form partnerships to own a Membership.
Why was the Private Residence Club concept developed?
The Pinnacle is designed to provide more convenience, services and amenities than are provided by an equally luxurious vacation residence; provide Owners with generous and flexible vacation use; remove the worries typically associated with vacation home ownership, and; significantly reduce the financial burden through shared ownership of the residences and club facilities. More importantly, it provides the unique opportunity to match your real estate purchase with your expected use of a luxury second home.
Are there similar Private Residence Clubs at other destination resorts?
Yes. There are many other similar clubs at highly acclaimed ski, golf, and beach resorts throughout the United States, Mexico and Europe. Private Residence Clubs are being designed and built in an increasingly large selection of destinations since the introduction of the first club in Deer Valley, Utah, in 1993.
As an Owner at The Pinnacle, can I vacation at these other clubs?
Ownership at The Pinnacle entitles you Membership in Registry Collection, the world’s leading brand and exchange club for luxury resort property owners. Owners will have the opportunity to exchange pre-planned vacations in order to experience other similar luxury vacation residences around the world.
How often can Owner/Members use The Pinnacle residences?
As often as they wish, subject to Club Lodging Reservations Policies and Procedures. Owners have the flexibility of reserving vacations well in advance and may also lodge with short notice on a Space Available basis. In the early fall, Owners reserve up to 14 days of Winter Planned Vacations and in early spring, Owners may reserve up to 14 days of Summer Planned Vacations in advance. There is no limit to the amount of use. If some use The Pinnacle less, others may use it more.
Is every stay at The Pinnacle for a week at a time?
No. Owners can use Pinnacle Private Residence Club just like a second home, subject to the Lodging Reservations Policies and Procedures and can stay for as little as one night based on availability.
Will Owners always stay in the same residence at The Pinnacle?
No. Owners may stay in any of the 8 residences that comprise the Club.
What if the number of Owners wishing to stay at The Pinnacle during certain time periods exceeds the number of residences available?
The Lodging Reservations Policies and Procedures have been designed to equitably allocate reservations when demand may exceed lodging supply. A rotating priority reservation system ensures that all Owners have equal access to peak period Planned Vacations over the years.
Which family members have Club privileges?
Spouses have full Club privileges as well as dependent children under age 21.
Is day use of The Pinnacle permitted for Owners not staying overnight?
No. The Club facilities are reserved for Members only while in residence, however they may access their personal belongings (such as ski or golf equipment) when visiting the resort while not in residence and use any of the Durango Mountain Club amenities, such as the pool, spa, salon and exercise facility.
Do Owners have guest privileges?
Yes. Guests staying in the same residence with an Owner are not charged. Owners may invite Unaccompanied Guests to use their confirmed Planned Vacations without a guest fee.
Can the Residence be rented during assigned occupancy periods?
Yes. Owners may rent pre-planned vacation time only, with the exception of certain holiday periods as outline in the Club Policies and Procedures. Space Available vacations are for Owner occupancy only.
Will The Pinnacle be open to the public?
No. The Pinnacle will be operated for the use, benefit and enjoyment of Owner/Members, their families and guests only. Prior to full subscription, limited public use may be permitted for marketing purposes, however, will not diminish lodging availability for Owners.
Do Owner/Members pay annual dues?
Yes. The annual owner dues pay for the professional management and operation of all The Pinnacle facilities and amenities. Included in these annual dues are funds for Durango Mountain Club Membership privileges, staff salaries, supplies, maintenance, insurance, utilities, refuse removal, legal/accounting, property taxes, cable TV, landscaping, security, and a reserve fund for the replacement and/or refurbishing of club facilities.
Do Owners pay any lodging charges when they vacation at The Pinnacle?
No.
Do Owners pay checkout fees when they stay at The Pinnacle?
Yes. A housekeeping charge will be posted at checkout for each visit.
Who establishes the dues and controls the affairs of The Pinnacle?
An Owner-elected Board of Directors establishes budgets and dues on an annual basis.
What is the quality of construction, furniture and accessories?
Construction will be of the highest quality and each residence will be completely and elegantly furnished. The accessory package will include all bedding, linens, kitchen utensils, cookware, dishes and silverware.
Do the residences have fireplaces?
Yes. Each living room will have a large stone gas fireplace.
Will cable or satellite television, DVDs and high-speed internet be available?
Yes. Cable or satellite service will be provided to each residence along with a complete entertainment center in the living room and each bedroom that will include flat screen TV’s and a DVD player. High-speed internet connections will be provided in each residence.
Can a Pinnacle Membership be resold?
Yes. Like any other form of real estate, the Member’s undivided, deeded interest can be sold or transferred by the Owner, or sold by a licensed real estate agent through the Multiple Listing Service, subject to the Club Condominium Declarations and Bylaws.
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