�The town of Solvang is quite unique with its rich Danish culture,� stated Gene Hensley, chief operating officer. �We are thrilled to have the opportunity to introduce our WorldMark owners to a community that offers such a diverse vacation experience. Solvang truly brings a new dynamic to our network of WorldMark resorts in California.�

The 76-unit resort will contain a mix of studio, one-, two- and three-bedroom vacation condominiums; all warmly appointed with colors and fabrics reflecting the resort�s European flavor. Each condominium will contain spacious living areas, a gas fireplace, fully equipped kitchen, televisions, DVD player, compact disc stereo and private balcony with gas barbeque. In addition, the resort will feature a swimming pool, children�s wading pool, recreation facility, and garden.

Solvang, located 50 miles north of Santa Barbara in the Santa Ynez valley, was recently voted one of Sunset Magazine�s �10 Most Beautiful Small Towns in the Western United States.� Owners visiting WorldMark Solvang can enjoy the flower-lined streets in the walk-able village or go shopping for European imports and collectibles from over 200 merchants. The town also has several exceptional golf courses and wine-tasting events from the local wineries.

WorldMark Solvang, scheduled to open in September 2005, will be the 12th WorldMark resort in California. Trendwest is currently developing a 454-vacation condominium resort in Indio, CA and converting the historic Juliana Hotel in downtown San Francisco into an 88-unit timeshare property.

About Trendwest Resorts, Inc.: 

Trendwest Resorts, headquartered in Redmond, Washington, is a leader in the vacation ownership industry, offering a network of drive-to resorts with a unique, flexible point-based system of ownership. Trendwest currently operates 52 WorldMark resorts in the United States, British Columbia, Mexico and Fiji.

Trendwest is a wholly owned subsidiary of Cendant Corporation, the world leader in travel and real estate services. The Cendant family of brands includes over 30 major travel, hospitality and real estate brands such as Avis, Century 21, Coldwell Banker, Howard Johnson, Ramada and Days Inn. Cendant was recently ranked 2nd in the 2004 Business Week 50 and 106th in the 2004 Fortune Magazine�s listing of the top 500 largest US corporations.