ORLANDO, Fla., Marriott Vacation Club International (MVCI), the vacation ownership division of Marriott International, Inc. (NYSE: MAR - News), announced today the development of its first resort in the U.S. Virgin Islands on the island of St. Thomas. Slated for occupancy in December 2006, Marriott's Frenchman's Cove is proposed to include 220 two- and three- bedroom villas on 13 waterfront acres overlooking scenic Pacquereau Bay. Initial prices range from $14,300 to $70,900 per week of fee simple deeded ownership, depending on season and floor plan selected.
"The U.S. Virgin Islands have long been requested by our vacation owners," said Stephen P. Weisz, president of Marriott Vacation Club International. "We are pleased to add another tremendous Caribbean destination for our owners and guests to experience, and St. Thomas is certainly a beautiful complement to our resort portfolio."
With designs reflecting the island's diverse European heritage and strong Danish colonial influences, the resort will offer spacious plantation-style vacation villas for owners as well as nightly rental guests. Each two- or three-bedroom villa will comfortably accommodate between eight and 12 guests. Vacationers can savor the relaxing Caribbean spirit in a deep soaking tub in the master suite, as well as other villa features including a fully equipped kitchen with granite counters, gracious living and dining areas, a washer and dryer, private balcony, multiple Sony televisions and a Sony DVD player. The new Marriott Vacation Club resort will also offer convenient access to the adjacent 504-room Frenchman's Reef & Morning Star Marriott Beach Resort.
Construction of Marriott's Frenchman's Cove is slated to begin this week and sales officially commence today.
Marriott Vacation Club International is the recognized worldwide leader in vacation ownership with a program highly regarded for its quality and unique flexibility. Now celebrating over 20 years of making vacation dreams come true for its owners and guests, MVCI continues to expand with a diverse portfolio of nearly 7,300 timeshare resort villas throughout the U.S., Caribbean, Europe and Asia. Today, more than 270,000 vacation owners own their vacations "the Marriott way," offering flexible usage options. For more information, please visit
http://www.stthomas.vacationclub.com or call (877) MVCI-STT (877-682-4788).
MARRIOTT INTERNATIONAL, INC. (NYSE: MAR - News) is a leading lodging company with more than 2,600 lodging properties in the United States and 65 other countries and territories.
Ed Kinney
