Sunterra timeshares, known as Club Sunterra, offer a flexible points award system that allow you to use your "SunOptions as a sort of currency. You can use your Sunterra reward system to "buy" airline tickets and even apply your rewards towards your maintenance fees. You can also take advantage of "Quick Getaways" and "Bonus Time." This allows you to take advantage of last minute rentals.
You can feel secure with a Sunterra timeshare, as it's owned and managed by one of the largest timeshare companies in the world. They have vacation destinations in North America, Europe, Mexico, the Carribean, and Hawaii. Sunterra is world famous, with more than 90 resorts across the globe. A new vacation can await you every year.
You may be in the market to purchase one Sunterra timeshare someplace intriguing. But imagine buying all of Sunterra's timeshares? Just recently, Sunterra Corporation sold all 96 resorts for $700 million to Las Vegas-based Diamond Resorts. In a timeshare owners' blog
it says that John D. Ziegelman, chairman of Sunterra, issued the following statement in the company's official announcement of the sale, "Both our management team and our Board of Directors believe that, following a detailed review of strategic alternatives, the Diamond Resorts Offer is the best approach to maximize shareholder value and is in the best interests of Sunterra's stockholders, customers and employees." Diamond Resorts acquired all of Sunterra's stock for a purchase price of $16.00 per share. Not a bad deal for them.
In an announcement on www.Sunterra.com
it says that current Sunterra timeshare owners can rest easy. It's stated that nothing changes for their Club Members and Owners. The same friendly people you know and trust will continue to provide you with the same high level of customer service at our resorts and over the telephone. Your SunOptions, Club Sunterra membership, use rights and payment procedures remain the same. Existing reservations will not be affected and the procedures for making future reservations remain the same. You can expect a future filled with a range of product upgrades and improvements in customer service, which will make your ownership more valuable.
What you can anticipate under the direction of Stephen J. Cloobeck, Chairman and CEO of Diamond Resorts, is a continued focus and commitment to customer service and exceeding customer expectations. Adding to Sunterra's already strong platform, Stephen brings over 25 years of extensive knowledge and experience in virtually every phase of the successful development, management, marketing and sales of vacation ownership properties. Diamond Resorts' successful track record includes spearheading the design of Marriott's Grand Chateau vacation ownership resort as well as the development of Polo Towers, the Jockey Club and The Carriage House, all located in Las Vegas, as well as Kona Reef in Hawaii.
Diamond Resorts has made what looks to be a good real estate transaction. You can get as good a deal with the average joe's financial resources if you purchase your Sunterra timehare through a resale agent. There are a few resources listed below: