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Press Release: Sunterra Corporation
October 26, 2004
LAS VEGAS, NV -- Sunterra Corporation (NasdaqNM:SNRR) yesterday announced two additions to its Club Sunterra portfolio
in Europe, with the purchase of the Jardines del Sol resort at Playa Blanca in Lanzarote, Spain and the affiliation
of eight canal boats operated by Alvechurch Waterway Holidays.
The Jardines del Sol resort offers magnificent views of the ocean and neighboring Canary Island of Fuerteventura
from its 54 attractive villas. The resort is situated on the southern coast of Lanzarote in Playa Blanca, an area
that was once a fishing village. The attractive beach at the centre of Playa Blanca, popular with locals and tourists
alike, is backed by a modern promenade lined with shops, cafes and restaurants. The island has an abundance of
natural beauty, including the Timanfaya National Park as well as El Golfo on the west coast -- a magnificent emerald
green lagoon set in lava cliffs. The resort was purchased from its Spanish owners for an undisclosed sum.
Additionally, Club Sunterra members now can access the United Kingdom's waterways on board eight traditional English
narrowboats moored at the Anderton Marina in Cheshire on the Trent and Mersey canal. The boats vary in size from
four to six berths and allow members to choose from a lock-free trip to Middlewich or the weeklong return journey
to the walled city of Chester.
David Harris, Managing Director of Sunterra Europe commented, "We are pleased to have acquired a resort of
such high quality as the Jardines del Sol. It nicely complements our existing portfolio within the Canary Isles
and provides the Club further year-round tropical accommodations. Our members have expressed a desire for new and
unique holiday experiences, and the narrowboat journeys on the UK waterways will be a welcome addition for them."
Sunterra is one of the world's largest vacation ownership companies with over 90 affiliated resort locations throughout
the continental United States and Hawaii, Canada, Europe, the Caribbean and Mexico and over 300,000 owner families.
Sunterra press releases and additional investor information, including stock information, downloadable public filings,
and email alerts, can be found at www.sunterra.com.
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Contact:
Contact:
Bryan Coy
Sunterra Corporation
702.304.7005
investorrelations@sunterra.com
Source: Sunterra Corporation