Fractional Real Estate News

Difference between Private Residence Clubs and Multi-site Non-Equity Destination Club

Scottsdale, AZ – 12 Dec 2006 - Star Resort Group (SRG) CEO Carl Berry made a statement clarifying the difference between private residence clubs and destination clubs. “The line is getting fuzzy,” says Berry. “The public is becoming confused. The term private residence club refers to a site specific fractional interest program where the construction, furniture, amenities and service levels approach or equal a five star hotel. All fractional interest projects offer deeded ownership. However, destination, or multi site, clubs offer a multiple location system of luxury homes or condominiums that, in almost all cases, does not offer a deeded real estate interest.”

THE BEST OF BOTH WORLDS: ENJOY CARIBBEAN SECLUSION WITH LEGENDARY SERVICE AT THE RITZ-CARLTON, ST. THOMAS
Newly Renovated Resort Offers Relaxed Luxury and an Unforgettable Island Experience

ST. THOMAS – DECEMBER 12, 2006 – Overlooking the turquoise waters of Great Bay, The Ritz-Carlton, St. Thomas is a secluded hideaway set amid dazzling white-sand beaches and lush tropical gardens. The 30-acre beachfront estate recently completed a $40 million renovation to expand and enhance the luxurious accommodations and amenities.

Partnership creates Quintess, The leading Residences Of The World

Integration of the two destination clubs to be completed end-of-December

(BOULDER, COLORADO) - December 7, 2006 – Quintess, a leader in the luxury destination club category, announced today that it is forming a long-term partnership with The Leading Hotels of the World, Ltd. to become their exclusive worldwide destination club partner. As part of this joint venture, The Leading Residences of the World destination club will combine with Quintess, becoming: Quintess, The Leading Residences of the World. This partnership along with Septembers merger of Quintess and Dream Catcher Retreats, further solidifies Quintess position as the finest luxury destination club in the world with over 280 members, a wider range of exceptional global travel experiences, and 49 homes in 26 of the worlds most coveted and desirable resort and city destinations. The deal is expected to close by the end of December.

BelleHavens is pleased to announce our unaccompanied use program, the Friends and Family Passport. The Passport is a new membership benefit that will allow members to send unaccompanied guests to enjoy Club homes.

Best financial assurance package in the industry offers greater corporate governance, transparency, member security

The Lusso Collection's DepositTrust™ Initiative Ensures That Members Have a Secured Position In The Club's Luxury Real Estate

MINNEAPOLIS-ST. PAUL, MINN. - November 28, 2006 - A bankruptcy filing by a leading luxury destination club recently and an expanding menu of differentiated benefits for its members has inspired The LUSSO Collection (www.lussocollection.com) to launch a financial initiative for its rapidly growing membership base called DepositTrust(TM). As part of the initiative, all of the Club's interests in its properties will be held by subsidiary LLCs owned 100 percent by the club, with enhanced business practices to assure members of The LUSSO Collection's long-term success.

Ritz-Carlton Club Properties In Juniper, Florida and St. Thomas, US V.I. Included in New Program 

ORLANDO, FLORIDA – NOVEMBER 28, 2006 – Members of The Ritz-Carlton Golf Club & Spa, Jupiter and The Ritz-Carlton Club, St. Thomas now have the option to enjoy their deeded, fractional residence for the same weeks every year, instead of on a traditional rotating calendar. With the purchase of the new "fixed interest" membership, Members will choose when they would like to reside in their home, depending on personal preference.

Tanner & Haleys Unsecured Creditors Committee Unanimously Approves Transaction

ORLANDO, FLA. and WESTPORT, CONN., Nov. 21, 2006 — Ultimate Resort, LLC (“Ultimate Resort”), of Orlando, Fla., and Tanner & Haley Resorts (“T&H”), of Westport, Conn., two of the industry leaders in the luxury destination club business, today announced that they have signed an agreement under which Ultimate Resort will acquire substantially all of the real estate assets of T&H for cash consideration of approximately $98 million.

Leaders in luxury partner to announce one-of-a-kind promotion for a year-end bonus like no other

DENVER, November 16, 2006 – Just in time for the holiday season, American Express and Exclusive Resorts today announced a new way to get the most out of luxury travel. Cardmembers who purchase an Exclusive Resorts membership will receive up to one million Membership Rewards® points. New Exclusive Resorts members looking to spread some cheer this holiday season have the flexibility to use their Membership Rewards points to indulge themselves, buy an uber-luxurious gift for family or friends, or to help someone else by donating the points to charity.

Wyndham Hotel Stays Added To Fairshare Plus Program
New Option is One of the First Benefits to be Offered within the Wyndham Portfolio

ORLANDO, Fla. 11-16-2006 — Wyndham Vacation Ownership, the world's largest vacation ownership company, today announced that owners of FairShare Plus, its points-based timeshare exchange program, may now use their points to stay at five select Wyndham hotels and resorts.  Designed to further enhance the overall flexibility and vacation options for FairShare Plus owners, this new option is among the first vacation benefits that are being offered to leverage Wyndham's family of industry-leading products and services. 

Orlando, FL (November 15, 2006) – Ultimate Resort, the premier-value luxury destination club, is pleased to announce the most recent additions to its ever growing portfolio. With new homes in Oahu, Orlando, Miami Beach, and a new New York City residence, Ultimate Resort now offers members exquisite vacation opportunities in 10 exciting destinations. Details follow.