Membership costs £207,000 with an annual fee of £10,000 to cover running costs, insurance, utility bills and local taxes.
The club is on course to have 100 properties, in 20-25 locations including Croatia, Cyprus, France, Italy, Majorca, Morocco, Portugal, Spain and Turkey, with a maximum of 600 members.
Membership entitlement starts at 10 destination points a year: peak (3 points per week); mid-peak (2.5 points per week); off-peak (2 points per week). Additional points can be bought.
Subscription costs cover a concierge service to co-ordinate reservations, airport collection and daily maid services.
The properties will consist (mainly) of detached homes with an average individual value of £1m.
The Hideaways Club: 020 7664 8860; [email protected]