July 10, 2001
CROSSVILLE, TN -- MasterCorp, Inc. announced yesterday that they have received contracts for housekeeping services
at three resort locations, representing approximately 1,100 units.
The Ocean Walk Development in Daytona Beach, FL., has 325 timeshare and nightly rental condos, and the Grand Desert property in Las Vegas opened with 275 timeshare units. Both properties are part of Cendant's FCI Property Management Division.
Additionally, the Plantation at Fall Creek, a Sunterra Resort located in Branson, MO., has nearly 500 timeshare
and nightly rental condos, and is managed by RPM Management.
Alan Grindstaff, CEO for MasterCorp, in making the announcement said, "We are extremely excited about working
with these new resort locations, with all of them bringing additional name brand recognition to our portfolio of
resorts. The Ocean Walk Development is our first entry in the Daytona Beach market and we are looking forward to
the next phase opening in the future. Additionally, Grand Desert is our 3rd Las Vegas property, along with Polo
Towers and Ramada Vacation Suites, and the future for that market is quite promising also.
"We have been established in Branson for several years, and are very pleased to be working with Sunterra as well," Grindstaff added. "We are on target for achieving our anticipated growth for 2001 and are already aggressively planning to exceed that goal next year."
MasterCorp, based in Crossville, TN., is in their 20th year of business and is the largest provider of resort
housekeeping services in the country, cleaning nearly 10% of the total US timeshare inventory. MasterCorp provides
housekeeping services for FCI, Marriott, Sunterra Williamsburg, and many other independent resort locations in
12 states, including Orange Lake Resort in Kissimmee, FL.
For more information regarding MasterCorp, contact Dick Coyle, Marketing Director at 800-489-1718 or visit them
on the web at www.mastercorpinc.com.
SOURCE: MasterCorp Inc.