If you work on the basis that if sounds too good to be true, then it probably is!!
Had a quick look at the website, and it doesn't actually show any of the places that you can stay. You don't seem to be able to access the brochure.
Also says that some places require advance booking, I'd see if you could actual book these places.
This is a bit from their website; 'you and a partner can stay for free at over 320 hotels and sample their culinary delights without paying for your room. For only �29.95 per person, you�ll have the freedom to enjoy as many hotel breaks as you wish over a full 12 months. All you have to pay for is your meals'
I fail to understand how it is free if you hve to pay �29.95 a month. You also have to buy two meals a day at the hotel. Have you any idea how much the meal's are at the place you want to stay.
By way of a comparison, a similar scheme which I know to be legitmaite is called Holiday Property Bond (
http://www.hpb.co.uk/). You pay an upfront fee of circa �5000 and then get to stay in some very nice places for a very small fee.
They are two very different schemes, and the investment is vastly different. The one that I know to be OK, costs a lot more than the other.