| Sunterra timeshares, known as Club Sunterra, offer a | | | | it says that current Sunterra timeshare owners can |
| flexible points award system that allow you to use | | | | rest easy. It's stated that nothing changes for their Club |
| your "SunOptions as a sort of currency. You can feel | | | | Members and Owners. The same friendly people you |
| secure with a Sunterra timeshare, as it's owned and | | | | know and trust will continue to provide you with the |
| managed by one of the largest timeshare companies | | | | same high level of customer service at our resorts |
| in the world. Sunterra timeshares, known as Club | | | | and over the telephone. Your SunOptions, Club |
| Sunterra, offer a flexible points award system that | | | | Sunterra membership, use rights and payment |
| allow you to use your "SunOptions as a sort of | | | | procedures remain the same. Existing reservations will |
| currency.You can use your Sunterra reward system | | | | not be affected and the procedures for making future |
| to "buy" airline tickets and even apply your rewards | | | | reservations remain the same. You can expect a |
| towards your maintenance fees. You can also take | | | | future filled with a range of product upgrades and |
| advantage of "Quick Getaways" and "Bonus Time." | | | | improvements in customer service, which will make |
| This allows you to take advantage of last minute | | | | your ownership more valuable.What you can anticipate |
| rentals.You can feel secure with a Sunterra timeshare, | | | | under the direction of Stephen J. Cloobeck, Chairman |
| as it's owned and managed by one of the largest | | | | and CEO of Diamond Resorts, is a continued focus |
| timeshare companies in the world. They have vacation | | | | and commitment to customer service and exceeding |
| destinations in North America, Europe, Mexico, the | | | | customer expectations. Adding to Sunterra's already |
| Carribean, and Hawaii. Sunterra is world famous, with | | | | strong platform, Stephen brings over 25 years of |
| more than 90 resorts across the globe. A new | | | | extensive knowledge and experience in virtually every |
| vacation can await you every year.You may be in the | | | | phase of the successful development, management, |
| market to purchase one Sunterra timeshare | | | | marketing and sales of vacation ownership properties. |
| someplace intriguing. But imagine buying all of | | | | Diamond Resorts' successful track record includes |
| Sunterra's timeshares? Just recently, Sunterra | | | | spearheading the design of Marriott's Grand Chateau |
| Corporation sold all 96 resorts for $700 million to Las | | | | vacation ownership resort as well as the development |
| Vegas-based Diamond Resorts. In a timeshare | | | | of Polo Towers, the Jockey Club and The Carriage |
| owners' blog it says that John D. Ziegelman, chairman | | | | House, all located in Las Vegas, as well as Kona Reef |
| of Sunterra, issued the following statement in the | | | | in Hawaii.Diamond Resorts has made what looks to be |
| company's official announcement of the sale, "Both our | | | | a good real estate transaction. You can get as good a |
| management team and our Board of Directors believe | | | | deal with the average joe's financial resources if you |
| that, following a detailed review of strategic | | | | purchase your Sunterra timehare through a resale |
| alternatives, the Diamond Resorts Offer is the best | | | | agent. |
| approach to maximize shareholder value and is in the | | | | Additional Resources: |
| best interests of Sunterra's stockholders, customers | | | | Ten Top Timeshare Tips: Buying and Selling |
| and employees." Diamond Resorts acquired all of | | | | Things to do in your favorite cities |
| Sunterra's stock for a purchase price of $16.00 per | | | | Things to do when you're bored! |
| share. Not a bad deal for them.In an announcement on | | | | |