Company to Build its Fifth Vacation Ownership Resort in the State
Wyndham Vacation Ownership, the world’s largest vacation ownership company and a member of the Wyndham Worldwide family of companies (NYSE: WYN), today announced the acquisition of land at the Grand Elk Ranch and Club community in Granby, Colo. from Grand Elk, LLC. The company in 2008 will begin construction of a 44-unit vacation ownership resort, which will operate under the company’s WorldMark by Wyndham resort portfolio. Terms of the deal were not disclosed.
The resort will be known as WorldMark Grand Elk and it is anticipated to welcome owners and their guests in summer 2009. Once complete, WorldMark Grand Elk will be the company’s fifth resort in the state complementing the company’s WorldMark resorts in Steamboat Springs and Estes Park; Wyndham Vacation Resorts in Durango and Pagosa Springs; and sales centers in Broomfield, Colorado Springs and Englewood.
“Our owners have diverse interests therefore we are committed to provide them with world-class resorts in a variety of desirable destinations,” said Franz Hanning, president & CEO of Wyndham Vacation Ownership. “With the addition of WorldMark Grand Elk and our recently opened resort in Red River, N.M., we continue to develop a well-rounded portfolio of ski destinations to complement our many urban, mountain and coastal resorts for our more than 250,000 WorldMark owners.”
Located in beautiful Frasier Valley just north of Winter Park, WorldMark Grand Elk will feature a mix of studio, one- and two-bedroom condominium-style units as well as beautifully-appointed three-bedroom Presidential suites. Each unit features a full kitchen, living room, dining room, flat panel televisions in the living room and Master bedroom, entertainment systems, including a stereo and DVD/VCR and a barbeque grill on the deck. In addition, Presidential units will also include stainless steel kitchen appliances, granite countertops, whirlpool tubs, upgraded fixtures, fireplaces for chilly winter days and hardwood flooring in each unit’s common areas.
Owners and guests will be able to enjoy resort amenities, including an outdoor pool, children’s pool, spa/hot tub, barbeque areas, business center, exercise room and children’s play area. Additionally, owners will enjoy discounts at the neighboring Grand Elk Golf Course, part of the 440-acre Grand Elk Ranch and Club master-planned community. The resort’s location in the Rocky Mountains offers plenty of activities including skiing, hiking, golfing, biking, fly-fishing and more.
Monday, January 14, 2008
Friday, January 4, 2008
Starwood Hotels & Resorts Worldwide
Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with approximately 900 properties in more than 100 countries and 155,000 employees at its owned and managed properties. Starwood(R) Hotels is a fully integrated owner, operator and franchisor of hotels and resorts with the following internationally renowned brands: St. Regis(R), The Luxury Collection(R), Sheraton(R), Westin(R), Four Points(R) by Sheraton, W(R), Le Meridien(R) and the recently announced Aloft(SM) and ElementSM. Starwood Hotels also owns Starwood Vacation Ownership, Inc., one of the premier developers and operators of high quality vacation interval ownership resorts. For more information, please visit www.starwoodhotels.com.
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Starwood Hotels & Resorts Worldwide, Inc.
Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced today that it will release the Company’s fourth quarter financial results prior to market open on Thursday, January 31, 2008, followed by a conference call at 10:30am EST. The conference call will include a brief discussion of the quarter followed by questions and answers. The call will be moderated by Jason Koval, Vice President, Investor Relations.
Participants may listen to the simultaneous webcast of the conference call by logging onto the company website http://www.starwoodhotels.com and choosing Investor Relations within the Corporate Information section of the website at 10:30am EST or by calling 913-312-0938 fifteen minutes prior to the call.
In addition, a replay has been arranged, which will air from Thursday, January 31, 2008 at 1:30pm EST through Thursday, February 7, 2007 at 12:00 midnight. The replay will be available on the Company’s website or by dialing 719-457-0820 (access code is 6516452).
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Participants may listen to the simultaneous webcast of the conference call by logging onto the company website http://www.starwoodhotels.com and choosing Investor Relations within the Corporate Information section of the website at 10:30am EST or by calling 913-312-0938 fifteen minutes prior to the call.
In addition, a replay has been arranged, which will air from Thursday, January 31, 2008 at 1:30pm EST through Thursday, February 7, 2007 at 12:00 midnight. The replay will be available on the Company’s website or by dialing 719-457-0820 (access code is 6516452).
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Wyndham Vacation Ownership
Wyndham Vacation Ownership,
a member of Wyndham Worldwide’s (NYSE: WYN) family of companies, is the world’s largest vacation ownership business, as measured by the number of vacation ownership resorts, individual vacation ownership units and owners of vacation ownership interests. Wyndham Vacation Ownership develops, markets and sells vacation ownership interests and provides consumer financing to owners through its three primary consumer brands, Wyndham Vacation Resorts, WorldMark by Wyndham, and Wyndham Vacation Resorts Asia Pacific. As of July 31, 2007, Wyndham Vacation Ownership had developed or acquired more than 135 vacation ownership resorts throughout the United States, Canada, Mexico, the Caribbean and the South Pacific that represent more than 17,000 individual vacation ownership units and more than 800,000 owners of vacation ownership interests. Wyndham Vacation Ownership is headquartered in Orlando, Florida, and is supported by more than 16,000 employees globally.
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a member of Wyndham Worldwide’s (NYSE: WYN) family of companies, is the world’s largest vacation ownership business, as measured by the number of vacation ownership resorts, individual vacation ownership units and owners of vacation ownership interests. Wyndham Vacation Ownership develops, markets and sells vacation ownership interests and provides consumer financing to owners through its three primary consumer brands, Wyndham Vacation Resorts, WorldMark by Wyndham, and Wyndham Vacation Resorts Asia Pacific. As of July 31, 2007, Wyndham Vacation Ownership had developed or acquired more than 135 vacation ownership resorts throughout the United States, Canada, Mexico, the Caribbean and the South Pacific that represent more than 17,000 individual vacation ownership units and more than 800,000 owners of vacation ownership interests. Wyndham Vacation Ownership is headquartered in Orlando, Florida, and is supported by more than 16,000 employees globally.
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Wyndham Vacation Ownership Opens Third San Diego Resort'
Wyndham Vacation Ownership, the world’s largest vacation ownership company and a member of the Wyndham Worldwide family of companies (NYSE: WYN), has opened WorldMark Mission Valley, its third resort in San Diego, Calif., joining Wyndham Harbour Lights and WorldMark San Diego. Operating under the WorldMark by Wyndham portfolio of products, the 167-unit WorldMark Mission Valley resort is the company’s latest urban destination property. “San Diego is a destination rich with entertainment opportunities and we are pleased to create another resort for our owners in an area with such a wide range of nightlife, restaurants, shops, recreational activities and attractions,” said Franz Hanning, president and CEO, Wyndham Vacation Ownership. “As one of the largest urban timeshare resort developers, San Diego is an important market for us. By continuing to expand our portfolio of urban properties, we offer our owners and their guests the comfort they have come to expect from our resorts, close to the city amenities they desire.”Featuring a mix of well-appointed one- and two-bedroom units, WorldMark Mission Valley has several amenities for owners and their guests to enjoy, including a pool, hot tub, exercise facility and on-site parking. Each spacious unit has a living room, dining room, full kitchen and washer and dryer for added convenience.Named for the historic Mission San Diego de Alcala founded in 1769, the Mission Valley area of San Diego offers plenty for owners to enjoy, from dining and shopping to recreational activities and historical sites. For sports fans, Mission Valley is the location of Qualcomm Stadium, the home of the National Football League’s San Diego Chargers and San Diego State University’s Aztecs football team. In addition, WorldMark Mission Valley is conveniently located near the attractions, nightlife and amenities of San Diego including SeaWorld San Diego, San Diego Zoo, Presidio Park and Balboa Park.Wyndham Vacation Ownership continues to expand its presence in Southern California. In addition to its three San Diego area resorts, the company will also open its second resorts in both Oceanside and Anaheim in 2008. These properties complement Wyndham Vacation Ownership’s established resorts in Big Bear, Indio and Palm Springs. All told there are ten Wyndham Vacation Ownership resorts in this region.WorldMark Mission Valley also becomes the company’s latest urban destination resort. In addition to San Diego, Wyndham Vacation Ownership has recently opened or is developing resorts in Washington, D.C.; San Antonio; San Francisco; and New Orleans.
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Wednesday, January 2, 2008
Diamond Resorts International
Diamond Resorts International® (DRI) announces the European members of Club Sunterra Limited voted overwhelmingly in favor of a resolution to change the legal name of the members’ club from Club Sunterra Limited to Diamond Resorts European Collection Limited at the Extraordinary General Meeting held earlier this month. The members’ meeting vote, held near DRIs European headquarters in Lancaster, England was augmented by an online balloting system, available to all members prior to the EGM, under strict United Kingdom legal guidelines.“The many name changes that occurred over the last few years together with the acquisitions made on behalf of Club Sunterra left a very complex legal structure promoting waste and inefficiencies,” says Stephen J. Cloobeck, Chairman and Chief Executive Officer of DRI. “Our efforts to simplify and streamline every aspect of our business to create a successful global brand drove our resolution to change the club name to align with our other resort collections worldwide.”The name change, supported by over 85% of votes cast, to “Diamond Resorts European Collections Limited” is a change to the member club’s legal name only. From a marketing and membership perspective, the members club will simply be known as THE ClubSM.THE ClubSM will build upon the successes of DRIs existing member offerings with additional choices and convenience, supported by an efficient international network and exchange platform serving all members worldwide with uniformly exceptional products and services.“The name change was necessary to ensure long term benefits and global consistency - and simplicity - for our club members,” says DRI President and Chief Operating Officer Simon Crawford-Welch Ph.D., RRP. “It’s one more step toward a worldwide hospitality brand without the confusion of a complex organizational structure. It was a necessary transitional step that will allow us greater ease in delivering our brand tenets of simplicity, choice and comfort to members of THE ClubSM.”The official name of the global DRI company is, and will continue to be, Diamond Resorts International®Diamond Resorts International®, based in Las Vegas, Nev., is one of the largest vacation ownership companies in the world with more than 110 branded and affiliated resorts throughout the continental United States and Hawaii, Canada, Mexico, the Caribbean and Europe. Offering simplicity, choice and comfort to its more than 360,000 owners through the branded-service of more than 5,000 team members worldwide, Diamond Resorts International® is dedicated to providing its guests with effortless and relaxing vacation experiences every time, for a lifetime.
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