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Fairfield Resorts, Inc. Expanding Bonnet Creek Resort
in Orlando with 356 Additional Timeshare Villas

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ORLANDO, Fla. – July 20, 2004 – Fairfield Resorts, Inc., the largest vacation ownership company in the world with more than 450,000 owner families, announced today that it has purchased a 12-acre parcel at Bonnet Creek Resort in Orlando that will yield 356 additional timeshare villas at its new resort complex adjacent to Walt Disney World. 
 
Once complete, Fairfield’s flagship Orlando location will now total 58 acres and include eight Mediterranean-styled towers comprised of 1,100 individual timeshare units – the most of any Fairfield timeshare resort property.  More than 4,000 families have already purchased a timeshare interest at Fairfield Orlando at Bonnet Creek Resort since pre-construction sales began last summer.  Upon completion, the resort is expected to attract more than 50,000 guest families per year.
 

Fairfield Orlando at Bonnet Creek Resort
9560 Via Encinas
Lake Buena Vista, Florida
“Timeshare owners are discriminating travelers, and Bonnet Creek provides the very best Orlando has to offer in both luxury and location,” said Franz Hanning, president and CEO, Fairfield Resorts.  “Increasing our commitment to Bonnet Creek is a direct response to the tremendous interest this project has generated since sales began last year.”

Accommodations at Fairfield Orlando at Bonnet Creek Resort will include one, two and three bedroom condominium villas, as well as a select number of four-bedroom penthouse-style Presidential Suites.  All units are fully furnished and include a private balcony, whirlpool tub, in-room laundry facilities, audio/video entertainment units, as well as full kitchen and dining amenities. The resort’s extensive list of on-site recreational facilities will include six heated pools, four spas, miniature golf, sand volleyball and multi-sport courts, children’s playground, fitness center, game arcade and computer library. 

Bonnet Creek Resort’s first guests began arriving on Friday, June 4th, with the completion and initial opening of 23 villas located at the resort’s Village Center, which overlooks the sprawling complex and a 10-acre lake.  The resort will continue to open in phases as additional buildings are completed.  A Grand Opening celebration will occur this fall with the completion of the resort’s first phase (Village Center & Building One). 

About Fairfield Resorts

Fairfield Resorts, Inc., with more than 450,000 owners, is the largest vacation ownership company in the world.  Fairfield Resorts specializes in the development, marketing and sales of innovative travel and leisure products, including vacation ownership intervals at the company’s 65 resorts.  Fairfield Resorts was one of the first U.S. developers to move from traditional fixed-week timeshare ownership to a points-based exchange program with the launch of FairShare Plus in 1991.  Fairfield Resorts, headquartered in Orlando, is a subsidiary of Cendant Corporation (NYSE: CD), a diversified global provider of business and consumer services primarily within real estate and travel.  Other Cendant brands include Cheap Tickets, AVIS, Days Inn, Ramada Century 21, Coldwell Banker and RCI.  


 
Contact:
Jim Cohn
(407) 370-5321
jim.cohn@fairfieldresorts.com
www.fairfieldresorts.com
Also See: Mary K. Mahoney, Former President and CEO of Howard Johnson International Named SVP of Member Relations and Customer Support for Fairfield Resorts / March 2003
Fairfield Resorts, Inc. Developing a 744-unit Timeshare Resort at the Bonnet Creek Resort Development in Orlando / June 2002


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