Fairfield Resorts Names New Vice President Of Sales At Dolphin's Cove Resort

Press Release: Fairfield Resorts
June 5, 2002
ANAHEIM, CA -- Fairfield Resorts, Inc., one of the largest vacation ownership companies in the world, today announced that Gregory Washington has been appointed to vice president of sales at Dolphin's Cove Resort in Anaheim, Calif.

A graduate of Northwestern University, Washington has spent more than 18 years in sales and management, and has served in various leadership roles at Fairfield Resorts locations in Ft. Lauderdale, Sedona and Las Vegas. He was previously with Vacation Break USA, prior to its acquisition by Fairfield Resorts in 1997. In his new position, Washington will report to Steve Thull, senior regional vice president of sales, Fairfield Resorts.

"Greg has achieved a remarkable record of professional success, " said Thull. "We are pleased to bring Greg's strong leadership and experience to Dolphin's Cove, and are confident in his ability to build and manage an exceptional team."

About Fairfield Resorts
Fairfield Resorts, Inc., with more than 365,000 vacation-owning households, is one of the largest vacation ownership companies in the world, specializing in the marketing and sales of innovative vacation and leisure products. Fairfield Resorts was one of the first U.S. developers to move from traditional fixed-week timeshare ownership to a points-based exchange program with the launch of FairShare Plus in 1991. Fairfield Resorts is a subsidiary of Cendant Corporation (NYSE: CD), a diversified global provider of business and consumer services primarily within the real estate and travel sectors. Visit Fairfield Resorts online at http://www.fairfieldresorts.com.

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Contact:        
    Adam Schwartz
   (407) 666-2128
   adam.schwartz@fairfieldresorts.com