Vistana, Sun Int'l to begin construction on time-share property

PARADISE ISLAND, Bahamas -- Vistana Inc., a subsidiary of Starwood Hotels & Resorts Worldwide, and Sun International Hotels finalized plans to develop a time-share property, Harborside Resort at Atlantis here.

Commissionable, nightly rentals of the units will be available.

Construction is set to begin on the 198-unit property immediately. Initial occupancies are scheduled for early 2001.

The two firms formed a joint venture to design, develop, sell and manage the vacation ownership resort, which will be part of the Atlantis, Paradise Island property.

Sun International will oversee the development and construction phases and manage the hospitality elements of the Harborside Resort at Atlantis.

Vistana will manage all time-share operations, including sales and marketing, portfolio management and administrative services.

Harborside Resort at Atlantis will overlook the marina. Guests will have unrestricted access to all Atlantis, Paradise Island amenities.

The property will consist of two-bedroom units with a separate master bedroom suite, a fully equipped kitchen, living and dining areas and televisions in the bedrooms and living room.

Vistana
Phone: (800) VISTANA
Web: www.vistana.com

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