Fractional Real Estate News

Merger Creates Industry's Second Largest Destination Club
Merger is Largest in Industrys History

ORLANDO, FL / FORT COLLINS, CO (SEPTEMBER 13, 2007) — Ultimate Resort®, the industrys second largest destination club and Private Escapes®, the industrys third largest destination club, announced today the signing of a definitive agreement to merge and create the industrys fastest growing and second largest destination club by a large margin. Approximately 1,200 club members will have access to hundreds of exclusive club properties located in nearly 50 of the worlds best resort destinations in the US, Mexico, the Caribbean and Europe, as well as exclusive access to a select collection of over 60 luxury hotels in dozens of major cities in the US, Europe, Asia, Middle East, South America and Central America.

Owners Can Now Choose Among Six Select Wyndham Hotel Properties

ORLANDO, Fla. 08-10-2007 — Wyndham Vacation Ownership, the worlds largest vacation ownership company and a member of the Wyndham Worldwide family of companies (NYSE: WYN), today announced that owners of FairShare Plus, its points-based vacation ownership exchange program, may now use their points to stay at the luxurious Wyndham Rio Mar – A Wyndham Grand Resort in Rio Grande, Puerto Rico. The addition of the Wyndham Rio Mar brings the number of Wyndham hotels participating in the FairShare Plus program to six.

Current CEO Donn Davis Becomes Executive Chairman

DENVER, August 6, 2007 – Exclusive Resorts, the worlds leading luxury destination club, today announced the addition of Jeff Potter to its management team as CEO, effective September 10th. Current Exclusive Resorts CEO Donn Davis assumes the position of executive chairman, and Potter will report to him.

Acquisition of 30 Residences at MGM MIRAGE's Visionary CityCenter Development
 
Las Vegas Becomes 40th Resort Destination for Worlds Leading Luxury Destination Club

DENVER and LAS VEGAS, August 1, 2007 – Culminating a three-year search for the best Las Vegas has to offer, leading destination club Exclusive Resorts today announced that it will develop and own 30 luxury condominiums at MGM MIRAGEs highly anticipated Vdara at CityCenter on the Las Vegas Strip. Vdara Condo Hotel, one of the $7.4 billion projects four residential towers, is set to open in late 2009.

August 1, 2007 (Salt Lake City, UT) - BelleHavens announced to its membership today that August is Discovery Month at the Club. Each week during the month of August, BelleHavens will announce a new membership benefit so that members can discover new ways to enjoy luxury travel with the Club.

Opens Company's Third Worldmark By Wyndham Off-Site Sales Center In Las Vegas 

ORLANDO, Fla. 07-20-2007 — Wyndham Vacation Ownership, the worlds largest vacation ownership company and a member of Wyndham Worldwides family of companies (NYSE: WYN), today announced it has opened a new 6,000 square foot sales center in Las Vegas, Nevada. As the companys newest off-site sales center in Nevada, this location will showcase the companys products and portfolio under its WorldMark by Wyndham brand to the citys area residents and visitors.

Fairshare Plus By Wyndham Portfolio Expands
ORLANDO, Fla. 07-10-2007 — Wyndham Vacation Ownership, the worlds largest vacation ownership company and a member of the Wyndham Worldwide family of companies (NYSE: WYN), today announced the five Kauai-based resorts associated with the companys acquisition of privately-held PAHIO Resorts, Inc. and PAHIO Vacation Ownership, Inc. in July 2006 will now be affiliated with its FairShare Plus by Wyndham exchange program portfolio.

SAN FRANCISCO – July 10, 2007 – The Ritz-Carlton Club and Residences, San Francisco is pleased to announce the appointment of Omar Said as general manager. In his new role, Said will oversee the daily operations of The Ritz-Carlton Club and Residences, San Francisco, scheduled to open this November.

KAPALUA RESORT, Maui – July 9, 2007 – Kapalua Bay, the luxurious fractional and private ownership development underway within Kapalua Resort, officially opened its new sales gallery at the entrance to the 24-acre oceanfront property.

Establishes Permanent Sales and Marketing Operation In Maui, Hawaii

ORLANDO, Fla. 07-03-2007 —Wyndham Vacation Ownership (WVO), the worlds largest vacation ownership company and a member of the Wyndham Worldwide family of companies (NYSE: WYN), today announced it has acquired the sales and marketing business and the physical assets and contractual rights associated with privately held Activities-4-Less, a Maui-based vacation ownership sales and marketing operation in Hawaii.  Terms of the deal were not disclosed.