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NASDAQ listed Sunterra Corporation yesterday announced it had closed agreements with the Eden Leisure Group to acquire the Eden Bay Resort in Malta. This strategic acquisition will add a further year round Mediterranean destination to Sunterra’s portfolio of resorts. Consisting of 46 one and two bedroom apartments, the resort will start accepting Club Sunterra members from 30 July, 2005.
“The Maltese Islands are a popular choice for holidaymakers from the UK,” commented Nick Benson, Sunterra’s President and CEO. “We are sure that our members will embrace this new vacation experience and enjoy the rich history, culinary delights and culture as well as the seafront location of the resort. We are pleased to be replacing inventory that we have sold through in the past year with an attractive new destination at a reasonable cost.”
The five-star resort is within the InterContinental Hotel Malta, giving Club Sunterra guests access to an array of luxury amenities, including a panoramic pool that overlooks St George’s Bay, one of the largest fitness centres in the area with an aerobics studio, indoor pool, climbing wall and squash courts, a beauty spa with saunas and steam room, and a number of high quality dining establishments offering a variety of cuisines. This coastal area is home to several of the island’s newest hotels and entertainment complexes, as well as historical attractions and the capital city of Valletta, which is famous for its magnificent baroque architecture.
Sunterra is one of the world’s largest vacation ownership companies with more than 300,000 owner member families and nearly 100 branded or affiliated vacation ownership resorts throughout the continental United States and Hawaii, Canada, Europe, the Caribbean and Mexico. Sunterra news releases, as well as additional news and information on the Company, can be found at www.sunterra.com.
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