| Business Summary | | Sunterra
Corporation
is
the
world's
largest
vacation
ownership
company,
as
measured
by
resort
locations
and
owner
families.
As
of
March
15,
2000,
Sunterra
had
90
resort
locations
in
North
America,
Europe,
the
Caribbean
and
Japan,
and
approximately
300,000
vacation
owner
families.
The
Company's
operations
consist
of
marketing
and
selling
to
the
public
vacation
ownership
interests
that
entitle
the
buyer
to
use
a
fully-furnished
vacation
residence,
generally
for
a
one-week
period
each
year
in
perpetuity;
and
vacation
points,
which
may
be
redeemed
for
occupancy
rights
for
varying
lengths
of
stay
at
participating
resort
locations.
The
Company's
operations
also
consist
of
acquiring,
developing
and
operating
vacation
ownership
resorts;
operating
its
Club
Sunterra
membership
program;
providing
consumer
financing
to
individual
purchasers
for
the
purchase
of
vacation
intervals
and
vacation
points;
and
providing
resort
rental,
management,
maintenance
and
collection
services. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Sunterra
Corporation,
through
its
subsidiaries,
is
engaged
in
the
sale
and
financing
of
vacation
ownership
interests
in
its
resorts.
For
the
three
months
ended
3/00,
revenues
decreased
14%
to
$98.1
million.
Net
loss
totaled
$15.6
million
vs.
an
income
of
$10
million.
Results
reflect
decreased
vacation
interests
sales,
the
impact
of
fixed
marketing
costs,
high
telemarketing
costs,
and
the
inclusion
of
a
$8.9
million
in
restructuring
and
asset
write-downs. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| J. Taylor Crandall, 46 Interim
Chairman | -- | Richard Harrington, 42 Co-CEO,
Director | $560K | Gregory Rayburn Pres,
CEO | -- | T. Lincoln Morison, 59 Vice
Chairman | -- | Andy Gennuso COO | -- | Dollar
amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|