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in Oceanside, Calif. and Maui, Hawaii |
| REDMOND, Wash - March 17, 2000--Trendwest Resorts,
Inc. (Nasdaq:TWRI), one of the nation’s leading timeshare companies, today
announced the groundbreaking on its resorts under construction in Oceanside,
Calif. and Maui, Hawaii. The new resort under construction at Oceanside
is the largest single building construction the company has ever undertaken.
The project will be 140 units on four floors overlooking the harbor at
Oceanside. The new sales office located on the harbor and overlooking the
project had a strong opening in January and is contributing significantly
to the company’s sales efforts in Southern California.
“Oceanside’s short distance from Disneyland will have wide appeal to our owner base, it will also add a coastal drive-to resort for our owners in Southern California,” said Bill Peare, President and CEO. The company also announced the groundbreaking on its new resort in Kihei on the east side of the island of Maui. The new resort will include 200 units and an extensive amenity package when completed. The company has been working through the permitting process since acquiring the land approximately two years ago. The property is located across the street from a large public beach, and with the elevation of the property every unit will have an ocean view. “Our project is one of the largest construction projects underway on the Island of Maui. Our owners have a huge demand to vacation in the Hawaiian Islands and with WorldMark currently having only 14 units at the Valley Isle resort on the northern end of the island this flagship property will help to meet our owners needs as we continue to grow,” said Gary Florence, Chief Financial Officer. Trendwest Resorts, Inc., is a leader in the timeshare industry. Through
its exclusive relationship with WorldMark, The Club, the company provides
a flexible vacation ownership system, based on use of vacation credits,
to over 87,000 owners through 1,635 condominium units at 31 locations in
the continental Western United States, Hawaii, British Columbia, Mexico
and Fiji. The addresses for the company and WorldMark on the World
Wide Web are www.trendwestresorts.com and www.worldmarktheclub.com.
Statements herein contain forward-looking information concerning the company’s future prospects and other forecasts and statements of expectations. CONTACT: Trendwest Resorts, Inc. |
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Gary Florence 425/498-2553 www.trendwestresorts.com www.worldmarktheclub.com |