Yellowstone Club World Ceases Operations
Date: September 4, 2008
Luxury destination club Yellowstone Club World has ceased operations. Founders Tim and Edra Blixseth’s public divorce and subsequent legal dispute over the ownership of Yellowstone Club and spinoff destination club Yellowstone Club World led to the club listing its French chateau for sale earlier this month. The 30,000 square foot Château de Farcheville took over 14 years of restoration and features an underground wine cellar, fitness center, private theatre, heli-pad and 12 guestrooms. The luxurious property was listed by Mint Real Estate for $60 million. Since then, Edra has gained control over both the Yellowstone Club and Yellowstone Club World and has taken the Château de Farcheville off the market for the time being. Yellowstone Club World’s 30,000 square foot mansion in the Turks & Caicos remains on the market for $55 million.
Edra will continue to operate the 13,400 acre Yellowstone Club, which counts Bill Gates amongst its elite and private membership base. “I have always felt that the Yellowstone Club is ‘my baby,’” wrote Edra in a message to members after taking control of the club earlier this year. “I am excited about the future of the Club, and working toward restoring it is my number one business priority.” Yellowstone Club World consisted primarily of founding members who upgraded from the Yellowstone Club. Last year, Yellowstone Club World halted new member acquisitions as the fate of the club had yet to be decided.
A Yellowstone Club World representative confirmed the dissolution of the club. The Veras Group is following up with Yellowstone Club World to learn more about the status of the club's luxury real estate and members. Check back to learn more.
Yellowstone Club World Ceases Operations
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