Huckestein Named President of Yellowstone Club World
NEW YORK, NY, March 7, 2006. Multi-millionaire Timothy Blixseth has hired a former top Hilton Hotels Corp. executive Dieter Huckestein to run his new Yellowstone Club World, considered among the highest-priced vacation resort clubs in its field. He joins Blixseth's Yellowstone Club World as president/chief executive.
Blixseth, a timber baron who owns the Yellowstone Club, a private ski-and-golf-community in Montana, is said to have a net worth of more than $1 billion. He has purchased nine resort locations around the world for the Yellowstone Club World including two chateaux in France, a private golf course in Scotland and beachfront property north of Manzanillo, Mexico. He plans to add one more for a total of 10 resorts. Members can stay in one of the resorts, and use the private plane or one of two yachts.
The first 100 Yellowstone Club World memberships will sell for a one-time fee of between $3 million and $4.5 million, depending when they're purchased. The number of members will likely be capped at 150, said Blixseth. Existing members of the Yellowstone Club in Montana can purchase Club World memberships for between $1.5 million to $2.25 million. According to reports, Blixseth is spending around $350 million to purchase and build out or refurbish the properties for his World Club.
Huckestein was most recently the chief executive of Hilton's Conrad Hotels and the president of the Hilton Global Alliance.
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