Fairfield Resorts Announces Key Appointments

Timeshare Company Builds on Momentum, Gears Up to Go West

Press Release
November 16, 2001
LAS VEGAS, NV -- Fairfield Resorts, Inc., one of the largest vacation ownership companies in the world, has announced two new Las Vegas and Reno area appointments.

David LaBelle has been appointed vice president of sales for Fairfield Las Vegas at Harrah's, where he will oversee all operations at the Fairfield sales center, located in Harrah's Las Vegas Casino & Hotel, with future additional responsibilities associated with the company's continued westward expansion. He succeeds J. Greg Liddle, who will now serve as director of sales at Fairfield Durango, where the company is actively pursuing development opportunities. Also, Edward Rybar has been named director of sales at Fairfield Reno at Harrah's, where he will manage all operations at the Fairfield sales center, located in Harrah's Reno, as well as support the development of new initiatives in Nevada and other western states.

These appointments reflect the company's continued strategy to increase its presence in the western United States. This past July, Fairfield opened its western regional office in Las Vegas, and celebrated the grand opening of its flagship western resort, Fairfield Las Vegas at Grand Desert. The company's presence in the region was also bolstered by the acquisition of Dolphin's Cove Resort in Anaheim, California, earlier this year. With exceptional sales in several area locations, Fairfield's westward expansion will continue through 2002 with the construction of a 17-story second tower at Las Vegas' Grand Desert.

"Our tremendous first-year success at Grand Desert and the growing popularity of Fairfield's other western destinations is a strong indication of the consumer demand for high quality timeshare in this region," said Bob Albertson, executive vice president of sales and marketing, Fairfield Resorts. "We believe substantial opportunities exist for Fairfield to increase its presence in the west, and are assembling a dynamic team to pursue multiple initiatives."

LaBelle joined Fairfield in 1995 as a sales executive at Fairfield's Williamsburg sales center, where he was named Fairfield "Rookie of the Year." He most recently served as vice president of sales and marketing at Fairfield Washington, D.C. Rybar started with Fairfield earlier this year as interim director of sales at Fairfield Durango, and prior to Fairfield, spent ten years as sales manager and project director with Trendwest Resorts. Liddle began his career at Fairfield in 1985 as a sales executive at Fairfield Pagosa in Colorado, where he was promoted to sales manager in 1989. In addition to his most recent assignment in Las Vegas, Liddle has also previously served Fairfield in a variety of positions in Williamsburg, Charlotte and Durango.

"David, Ed and Greg join an already outstanding regional team," said Albertson. "We look forward to our continued success in these markets, and know their leadership will help further Fairfield's aggressive westward expansion."

Fairfield Resorts, Inc., with more than 340,000 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. http://www.efairfield.com

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Contact: 
Adam Schwartz
(973) 496-8068
adam.schwartz@cendant.com