Fractional Real Estate News

(ST. GEORGE, UTAH) – October 3, 2006 – The Markers, the first club to combine the benefits of private golf club membership with the amenities of a destination club, announced today new benefits for club members as well as the addition of two new luxury residences to the clubs real estate portfolio. Members of The Markers will now play for free at the home course of each destination and will enjoy access to a network of more than 175 private golf clubs around the country. In addition, The Markers have added new homes in the acclaimed golf destinations of Lake Las Vegas, Nevada; and St. George, Utah. Founded in 2005, The Markers now offers access to seven properties around the world in addition to golf experiences, such as an annual club championship and international golf excursions. Members will ultimately gain access to 36 luxury homes worldwide and membership will be capped at 325.

Premier Resort Property will be Largest Resort in WorldMark Portfolio Once Complete

INDIO, Calif. 10-02-2006 — Wyndham Vacation Ownership, the world's largest vacation ownership company, today celebrates the grand opening of WorldMark's 15th California resort, WorldMark Indio, located in the heart of the state's renowned golf destination.  Opening with 150-unit vacation ownership units and operated by Wyndham Vacation Ownership subsidiary Trendwest Resorts, WorldMark Indio provides WorldMark owners and guests' convenient access to numerous championship golf courses as well as world-class shopping, dining, entertainment and more.

Wyndham Championship Will Be Final Stop Before PGA TOUR Playoffs

GREENSBORO, N.C. 09-29-2006 — The PGA TOUR's new FedExCup format, a highly anticipated, season-long points competition leading to the four-event PGA TOUR Playoffs for the FedExCup beginning next year, will culminate in the newly christened Wyndham Championship, it was announced here today.  The inaugural Wyndham Championship will be played Aug. 16-19, 2007, in Greensboro, N.C.

Premier Downtown Property Becomes 14th WorldMark Resort in California

SAN DIEGO, Calif. 09-27-2006 — Wyndham Vacation Ownership, the world's largest vacation ownership company, has welcomed the first guests to WorldMark San Diego located in the heart of downtown San Diego.  A 68-unit vacation ownership property operated by Wyndham Vacation Ownership subsidiary Trendwest Resorts, WorldMark at San Diego offers timeshare owners and guests' convenient access to some of the area's most popular attractions including the San Diego Zoo, SeaWorld San Diego and Balboa Park.  The new addition expands WorldMark's portfolio to 60 resorts in North America, most of which are located throughout the western United States.

Agassi and Exclusive Resorts to Co-Develop Luxury Resort Real Estate
Agassi-Graf Next Generation Tennis & Fitness Centers to Be Launched
Agassi and Graf to Enhance Tennis and Fitness Program for Exclusive Resorts Members

DENVER and LAS VEGAS, September 25, 2006 – Exclusive Resorts, the worlds leading luxury destination club, today announced that it has formed a partnership with tennis legend Andre Agassi.  Together, Exclusive Resorts and Agassi Graf Development LLC announced plans to co-develop luxury resort real estate, design Agassi-Graf Tennis and Fitness Centers, and enhance the tennis and fitness experiences for Exclusive Resorts members as they travel the world.

KAPALUA RESORT, MAUI – September 8, 2006 – Construction has officially begun at Kapalua Bay, the newest and most luxurious real estate offering being created at the world-famous Kapalua Resort in West Maui. Occupancy is targeted for late 2008.

BOULDER, Colo. (August 31, 2006) – Quintess and Dream Catcher Retreats, two of the foremost luxury destination clubs, announced today a merger of the two companies to create Quintess, Catch the Dream.  The combined company solidifies its position as an industry travel experiences with 38 homes in 24 of the worlds most coveted destinations.  The $62 million dollar merger is the largest consolidation in the industry to date.

Most Exclusive Offering From Company To Date

Luxury Travel Industry Leader Continues Track Record of Success Following Private Escapes Premiere and Private Escapes Platinum
(FORT COLLINS, COLORADO) – August 21, 2006 – Private Escapes Destination Clubs announces today the launch of its new and most exclusive club offering: Private Escapes Pinnacle. With the companys inception in 2003 and following the roll out of sister clubs Private Escapes Premiere and Private Escapes Platinum in 2004, the founding team created Private Escapes Pinnacle as the next logical step in offering members a selection of membership levels that best suit their needs.

MALIBU, CA –The international luxury worlds most exceptional urban escapes have been selected for the premiere issue of Robb Report Luxury Hotels, a special annual publication from the editors of Robb Report magazine.

Parsippany, N.J. 08-17-2006 — Wyndham Worldwide Corporation (NYSE:WYN)today announced that its Board of Directors has authorized a stock repurchase program that enables the Company to purchase up to $400 million of its common stock, subject to receipt of the proceeds it expects to receive from Cendant Corporation upon closing of the sale of Cendants Travelport business. The amount and timing of specific repurchases is subject to market conditions, applicable legal requirements and other factors. Repurchases may be conducted in the open market or in privately negotiated transactions.