1.   Four Seasons, for example, lets its residence club owners trade into other Four Seasons residence clubs or hotels.

2.   Hobson says time shares and residence clubs are entirely different, but I look at residence clubs as gussied-up time shares geared to wealthier people.

3.   So Four Seasons shifted from resort clubs to residence clubs.

4.   Some call them residence clubs.

5.   This elegant private residence club is located in the center of the Mountain Village.