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Trendwest Resorts Breaks Ground on new Resorts 
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.
 

The developer for WorldMark, Trendwest builds and remodels luxury vacation condominiums in high-demand resort areas, and then turns them over,debt free, to The Club. In exchange, WorldMark grantsTrendwest the exclusive right to sell Club ownerships from sales offices located throughout the West.

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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Contact:
Gary Florence
425/498-2553
www.trendwestresorts.com
www.worldmarktheclub.com
Also See: Trendwest Resorts, Inc. Reports 1999 Net Income of $34.9 million vs $24.0 million / Vacation Credits Sold for the Year Up 26.5% / Feb 2000 
Trendwest Resorts, Inc. Has 67,982 Timeshare Owners at End of 1998 / Feb 1999 

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