Although a number of owners are trying to get out of their timeshares these days, such vacationing option is still popular for many holidaymakers. One of the popular timeshare resorts today is the Sunterra timeshares, also known as Club Sunterra.
It offers flexible points award system that allow you to use your SunOptions as a sort of currency. You can then use your reward system to buy airline tickets and even apply your rewards towards your maintenance fees. You can also take advantage of Quick Getaways and Bonus Time. Moreover, this allows you to take advantage of last minute rentals.
With Sunterra timeshare, you can feel secure as it is owned and managed by one of the largest timeshare companies in the world. They have vacation destinations in North Americas, Europe, Mexico, the Caribbean, and Hawaii. Sunterra is world famous, with more than 90 resorts across the globe. Thus, a new vacation can await you every year.
Recently, Sunterra Corporation sold all 96 resorts for $ 700 million to Las Vegas-based Diamond Resorts. According to John D. Ziegelman, chairman of Sunterra, both their management team and their Board of Directors believe that, following a detailed review of strategic alternatives, the Diamond Resorts Offer is the best approach to maximize shareholder value and is in the best interests of Sunterra’s stockholders, customers and employees. Meanwhile, Diamond Resorts acquired all of Sunterra’s stock for a purchase price of $ 16.00 per share.
On the other hand, nothing changes for Sunterra club members and owners. SunOptions, Club Sunterra membership, use rights and payment procedures remain the same. Existing reservations also will not be affected and the procedures for making future reservations remain the same. Thus, owners still expect a future filled with a range of product upgrades and improvements in customer service, which will make their vacation ownership more valuable.