Marriott Announces First Resort In St. Thomas

Press Release: Marriott Vacation Club International
May 3, 2005
ORLANDO, FL -- Marriott Vacation Club International (MVCI), the vacation ownership division of Marriott International, Inc. (NYSE: MAR), announced yesterday 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.

We are often asked by prospective buyers of resale Marriott listings, if the buyer gets all the same benefits.

The answer is no because resales do not include any participation in Marriott Rewards points. To some people that is important, to others it is not. So the choice is to pay full retail and be able to participate in rewards points, or buy at a much lower price and still have all the same use-rights in the accommodation itself.