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Frequently Asked Questions
Discover key information about our pioneering members club at sea.
General
Membership includes an average of 30 nights per year aboard, equity ownership and rights of use on a superyacht. The average of 30 nights per year gives Members the ability to book one or more staterooms simultaneously along the yachts’ annual itinerary.
Membership usage is much more like a private yachting experience than even the most intimate cruise ship can offer. With a minimum of 1:1 staff to guest ratio, and no more than 36 guests, Members are guaranteed a very private and personalized experience every time you step aboard.
Buying
The price per Membership includes a $250,000 initiation fee, annual dues and Operating Expense (OPEX) of $250,000 and a $1,000,000 equity contribution.
The annual Membership cost for operational expenses and annual dues is set at $250,000 per year for each Membership. This amount was calculated to prevent special assessments by covering planned maintenance as well as building adequate reserves for the membership group.
Yes, entities can purchase a Membership. However, one individual must be designated as responsible for bookings and payments. Each beneficial Member will be fully vetted just as individual Members.
Membership is a fraction of the cost of chartering. Since nights are only used for the stateroom(s) that a member actually books, they are able to spend significantly more time onboard for a substantially lower cost per day. The Membership program offers a true member experience; since members are able to easily join the yacht anywhere along its expansive itinerary, based on availability.
Each Membership grants an average of 30 nights per year which are used to make bookings on the yacht. The number of Memberships dictates the number of nights of use per member. You should consider your personal goals to determine the number of Memberships you wish to purchase.
- All meals including premium food and beverage
- All gratuities
- General health, wellness and fitness programs
- Onboard enrichment activities and programs
- Onboard crew and shore-side personnel
- General overhead including legal and regulatory compliance and all vessel related insurance
- Reserve fund, operating expenses, itinerary, and port charges
There is an application, vetting process and interview that takes place prior to your acceptance as a member. This process helps to ensure that Members understand the shared usage program.
After signing the Letter of Intent and placing a deposit into escrow, members will be provided with the full Operating Agreements at least 60 days prior to closing. Until that time, the Superyacht Holdings management team is available to answer any questions that you or your attorney may have.
All currencies are accepted based on the Euro exchange rate at the time of payment.
Operational, administrative, and maintenance expenses are reviewed annually and future annual operating expenses are based on those projections, generally following inflation, cost of living, market indices, and other related factors.
You are purchasing a Membership in the SYH Club with corresponding usage rights. Each Member receives an average of 30 nights based on the number of Memberships they own. Nights can be booked in any available stateroom or suite.
Yes. Each Membership represents an equity interest in the superyacht. There are 78 units that will be sold to members as OpEx paying units and 12 units owned by Superyacht Holdings that will be reserved as programming units.
No, under normal circumstances, the annual operating expenses cover all operational costs, food and beverage, gratuities, maintenance and repairs. Food and beverage includes premium brands. Ultra-premium items such as 15-year-old scotch and Beluga caviar along with personal services such massages or motorized water sports are available for an additional charge.
Deposits remain in escrow until the closing of the yacht by the ownership limited liability company, and are fully refundable at any time.
You can cancel at any time before your full balance is deposited into the common escrow account at Wilmington Trust, a subsidiary of M&T, for closing. You will receive a 100% refund of any deposits made if you decide to cancel.
Financing is available through Bank of America Private Bank. Please contact financing@superyachtholdings.com to be connected with our dedicated team at Bank of America Private Bank. For lending purposes, all amounts and currencies will be in United States Dollars.
Scheduling & Itinerary
The itinerary will be primarily based on following the sun, with Mediterranean summers and Caribbean winters. The itinerary allows for extended stays in some of the more desirable destinations, and Captain’s Choice days to provide flexibility as interesting opportunities may arise in certain ports or anchorages.
Yes. The number of staterooms that you can book simultaneously at any time will be based on seasonality and availability to ensure maximum usage for all members.
When making a reservation, you will be able to select your stateroom based on availability at that time.
Members have the opportunity to book one voyage per ownership unit during the priority booking window. Afterwards, the window is open for all other bookings. A rotating booking priority system will provide equal access over time.
Yes, there are 2 ways to purchase additional nights:
1) Buy additional Memberships
2) Purchase nights contributed by other members to the member exchange.
Similar to making a hotel reservation, bookings are subject to availability and can be done online or over the phone with our concierge. The shared usage program is used to provide all Members with an equal opportunity to book their preferred dates.
The itinerary is planned by our travel experts to maximize the opportunities to visit amazing destinations and participate in exciting events. Every 5 to 10 days there will be a Captain’s Choice day that allows for flexibility in the itinerary to capture opportunities that present themselves along the way. Member feedback will be incorporated into future itineraries.
Based on seasonality and availability, a minimum or maximum stay is not generally required.
The rolling itinerary will generally have bookable nights available between 12 to 18 months in advance. Each release will add 6 months to the itinerary. However, many bookings are made less than 6 months in advance.
Nights are allocated per 12 month booking window. As such, there is no roll-over of nights from one year to the next. If a Member knows they are not going to use all of their nights, they can contribute them to the Member Exchange and allow other Members to purchase them. The proceeds from these purchases are allocated to the contributing Member’s accounts and remitted against their future operating expenses, less a 10% administrative fee.
Members can book their time aboard online or by contacting our concierge directly. Member’s actual number of days aboard will vary depending on the size of the staterooms and the specific dates booked. Holidays, special events, and peak-season dates have a premium factor applied.
Transitioning time between cruising grounds takes approximately 4-5 weeks, and an additional 8-10 weeks set aside for annual maintenance and repairs. This totals approximately 105 days, generally leaving 260 possible days for member use.
An average of 30 nights per Membership allows the shared usage program to adjust the number of bookable nights based on the size of the stateroom and seasonal demand.
Use of the Yacht
Your travel from home to the port of embarkation is your responsibility, however the yacht’s concierge will help you arrange last mile transportation and access to the yacht.
All premium food and beverages are included in your annual operating expenses.
Ultra-premium food and beverage items are available at an additional charge.
We have a wide range of water toys including jet skis, sea bobs, water skis and powered surfboards.
No pets or service animals are allowed.
Yes, subject to port restrictions and the number of members and guests onboard, day usage is allowed.
The chef develops menus daily that deliver exciting and local culinary experiences. There are also standard food items that are always available. Our chef can accommodate most food allergies or dietary restrictions.
No, these services may be booked based on availability.
No, crew gratuities are included in the annual operating expenses. A separate crew fund is available for the benefit of the crew.
Yes, Members and their guests are required to have travel medical insurance on file with the management company.
Yacht Operations & Ownership
The yacht is operated by Superyacht Holdings.
Yes, there is a maintenance and repair reserve fund included in the annual operating expenses.
As is common practice on charter yachts, for most issues the captain or chief steward will speak with the offending Member or their guest. If there is a serious infraction or if a Member or their guest does not correct their behavior, then they may be removed at the next port.
No, however it is recommended that Members secure additional insurance for any items they bring aboard.
The maintenance of the yacht is planned and overseen by a management team with years of professional experience. On a day-to-day basis the maintenance program is conducted by qualified onboard engineers and yachting professionals following established industry standards. Periodic drydock and maintenance underway is based on equipment manufacturer specifications, government regulations, and class requirements.
Our crew are selected from a pool of experienced well-trained professionals who are experts in providing bespoke white-glove service. They are thoroughly vetted, screened and trained before coming aboard.
All Members are vetted before they are allowed to purchase a membership. The identities of members, their family, and guests are kept private. All employees as well as project partners are required to sign strict non-disclosure agreements. The photography and video policy onboard requires consent from all parties pictured or recorded. The itinerary may not be posted or shared online. Access security is 24/7 at the entry point to the vessel in all ports and anchorages.
Guests of Members
Member’s day guests may be allowed onboard subject to port, occupancy, and itinerary considerations.
There is a maximum of two guests per stateroom.
Yes, you can book staterooms for personal staff just as with any other guest using your available nights.
Yes, guests can order F&B requiring upcharges provided they have a credit card on file.
Selling
We can assist in selling your Membership(s) and have an active network of interested buyers, or you can use your preferred broker or agent.
No, nights can only be sold through the Member Exchange.
The yacht will operate until such time as a super majority of Members (66%) vote to sell the yacht. At that time, the proceeds of the sale, less any selling costs, will be allocated to the Members based on the number of Memberships owned.
Yes, you can sell at any time. There is a 10% selling fee that covers marketing, yacht visits, listing fees and background checks, plus onboarding of the new owner.
Membership is not an investment. Any gains or losses realized are for the account of the Member.
Health, Safety & Security
The yacht has a gym, massage room, hair & nail salon and a steam room providing the opportunity for both exercise and healing. Our skilled chef prepares fresh and nutritious meals and will be able to accommodate most dietary restrictions. The yacht also maintains a range of medical supplies and equipment, including an AED and 24/7 telemedicine support.
Access to the superyacht is strictly controlled and directly supported by port security at each destination. Our staff is in constant contact with local port authorities and works with local law enforcement.