SOURCE: Lifestyle Asset Group

Lifestyle Asset Group

April 07, 2011 14:08 ET

David Feherty, Renowned Golf Expert, Joins Lifestyle Asset Group as Advisor and Spokesman

FORT COLLINS, CO--(Marketwire - April 7, 2011) -  The newly launched Lifestyle Asset Group, the next generation of luxury vacation ownership, today announced that it has retained David Feherty as advisor and spokesman. A former European Tour and PGA Tour professional golfer, Feherty is an internationally renowned golf commentator for CBS Sports, as well as a golf columnist and videogame personality. Feherty has a longstanding association with the principals of Lifestyle Asset Group, whose growing portfolio of luxury vacation residences includes plans for numerous resorts with golf components.

"We are excited to be able to benefit from David's 30 years of experience in the golf world," said Lifestyle Asset Group CEO Richard Keith. "David and I have a long and successful history of working together, and I can't think of another personality that better exemplifies our customer and their lifestyle."

In his role as advisor, Feherty will counsel Lifestyle Asset Group in the acquisition of resort properties, as well as forge partnerships with like-minded, golf-related brands. As company spokesperson, he will make public appearances at Lifestyle Asset Group-sponsored events, VIP events for Lifestyle Asset Group equity owners, and will soon be featured on the brand's corporate website, www.lifestyleassetgroup.com.

"My wife, Anita, and I have known Rich Keith and his group for years," Feherty explained. "We've had the privilege of vacationing at two of the properties that are currently in the Lifestyle Asset Group portfolio -- Deer Valley, Utah and Casa Luz in Los Cabos -- and they are two of our favorite vacation homes that we've ever stayed in. With many resorts with golf in their plans, and many of their customers passionate about the game, I hope to bring a lot of value to the brand with my insights and contacts."

Lifestyle Asset Group recently debuted its Collective Asset Ownership (CAO) business model wherein an LLC allows 100 participants to collectively own 12 beautiful, debt-free, resort and city vacation residences with an average value of $2.5 million for their use. With a one-time capital contribution of $300,000, each equity owner will enjoy seven years of access to the luxury residences, which are booked on a first-come, first-served basis. At the end of the LLCs' term, Lifestyle Asset Group will sell the residences and disburse the proceeds to the equity owners. Currently available in the Eastern Region is a four-bedroom, 4,770-square-foot Antebellum mansion in Charleston, S.C. and a five-bedroom, tropical residence in the Caletón Estates in Cap Cana, Dominican Republic. The Western Region currently includes a four-bedroom villa overlooking the Ocean Course, a Jack Nicklaus Signature Golf Course, in the Cabo de Sol residential community in Cabo San Lucas, Mexico and the Blue Sky Lodge in Deer Valley, Utah, with more than 6,700 square feet with five bedrooms and ski area views. Future cities planned for the Eastern Region include: Turks & Caicos, BWI; Naples, Fla.; Chicago; Riviera Maya, Miami; Vail, Colo.; New York; Palm Beach, Fla.; Mexico; Asheville, N.C.; and Watercolor, Fla. Future cities planned for the Western Region include: Napa Valley, Calif.; Maui; Monterey Bay, Calif.; Newport Beach, Calif.; Punta Mita, Mexico; San Diego; San Francisco; Las Vegas; Santa Barbara, Calif.; and Scottsdale, Ariz.

More information on Lifestyle Asset Group is available online at www.lifestyleassetgroup.com or by calling (970) 449-4292.

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