Sunterra Corp. Subsidiary Acquires New Resort in Paris

ORLANDO— Grand Vacation Co., the European subsidiary of Sunterra Corp., recently acquired the timeshare business of the Royal Regency hotel resort in Vincennes, a residential area of Paris. The Royal Regency accommodation facilities include 48 units from studios to three-bedrooms ,a residential lounge with pool table, and a sauna. The acquisition brings to 33 the number of European resorts now available to Grand Vacation Club and Club Sunterra members. Grand Vacation Co. CEO Paula Woodgate said, “Following our recent purchase of resorts in Majorca and the Canary Isles, we wanted to send a clear message to our members that we are continuing to grow and to look for opportunities that develop the geographical spread of locations available to them. But the purchase of Royal Regency also shows our commitment to providing our members with even more flexibility, Paris being the ideal location for a three- or four-night break.”