Club Sunterra, now part of the Diamond Resorts family, offers a dynamic and flexible points-based system for vacationers seeking variety and value. With "SunOptions" as your vacation currency, you can secure airline tickets, offset maintenance fees, and even snag last-minute rentals. As a subsidiary of one of the world's leading timeshare companies, Club Sunterra provides a sense of security and a promise of quality to its members. With over 90 resorts worldwide, a new adventure is always on the horizon. And with the recent acquisition by Diamond Resorts, Sunterra timeshare owners can look forward to enhanced services and product upgrades, all while enjoying the same trusted customer service.
Club Sunterra's innovative points system, known as SunOptions, offers a versatile way to plan holidays. Here's how members can utilize their points:
Sunterra boasts a portfolio of vacation spots that span North America, Europe, Mexico, the Caribbean, and Hawaii. The company's global presence ensures that members have access to a diverse range of locales, from bustling cities to serene beaches. The consistent high level of customer service across these destinations has contributed to Sunterra's worldwide acclaim.
In a significant industry move, Sunterra Corporation sold its 96 resorts for a staggering $700 million to Diamond Resorts, a Las Vegas-based company. This acquisition, at $16.00 per share, was seen as a strategic decision to maximize shareholder value and benefit all stakeholders involved. Diamond Resorts brings a wealth of experience to the table, with Chairman and CEO Stephen J. Cloobeck's 25 years in the vacation ownership sector. His expertise is expected to drive product enhancements and customer service improvements, making Sunterra timeshare ownership even more valuable.
For current Sunterra timeshare owners, the transition to Diamond Resorts management is designed to be seamless. The official announcement on www.Sunterra.com reassures members that:
For those interested in purchasing a Sunterra timeshare, the resale market offers opportunities to invest at a fraction of the original price. By working with a reputable resale agent, average consumers can access the same deals typically reserved for industry insiders.
While the article provides a broad overview of Sunterra timeshares and their acquisition by Diamond Resorts, it's important to note that the timeshare industry is often subject to change. Prospective buyers should conduct thorough research and consider all factors, including long-term costs and the potential for resale value, before making a purchase. According to the American Resort Development Association (ARDA), timeshare sales in the United States reached $10.5 billion in 2019, indicating a robust market for vacation ownership (ARDA). However, it's also worth mentioning that timeshare exit companies have seen a rise in business, as some owners look to divest their shares due to lifestyle changes or financial reasons. As with any real estate investment, due diligence is key.
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