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Article: Wyndham Vacation Ownership Acquires Grand Beach Palace Resort in St. Thomas, U.S. Virgin Islands.
- Article from:
- PR Newswire
- Article date:
- January 25, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ORLANDO, Fla., Jan. 25 /PRNewswire-FirstCall/ -- Wyndham Vacation Ownership, the world's largest vacation ownership company and a member of the Wyndham Worldwide family of companies , today announced that it has acquired the Grand Beach Palace resort (formerly the Renaissance Grand Hotel) located on the northeast side of St. Thomas in the U.S. Virgin Islands, with plans to convert the property into its flagship Caribbean timeshare resort. Terms of the acquisition were not disclosed.
(LOGO: http://www.newscom.com/cgi-bin/prnh/20061020/CLF043LOGO )
The beachfront property, which has remained vacant for more than two years, will undergo a $40 million ...