Marriott Vacation Club International, the vacation ownership division of Marriott International Inc., announced today the development of its first resort in the U.S. Virgin Islands on the island of St. Thomas. Slated for occupancy in December 2006, Marriott’s Frenchman’s Cove is proposed to include 220 two- and three-bedroom villas on 13 waterfront acres overlooking scenic Pacquereau Bay. Initial prices range from $14,300 to $70,900 per week of fee simple deeded ownership, depending on season and floor plan selected.

The U.S. Virgin Islands have long been requested by our vacation owners,” said Stephen P. Weisz, president of Marriott Vacation Club International.

“We are pleased to add another tremendous Caribbean destination for our owners and guests to experience, and St. Thomas is certainly a beautiful complement to our resort portfolio.”

Continued Weisz, “We have been working closely with the both the U.S.V.I. and the island’s local government to bring this project to fruition, and we look forward to becoming an integral part of the community.”

With designs reflecting the island’s diverse European heritage and strong Danish colonial influences, the resort will offer spacious plantation-style vacation villas for owners as well as nightly rental guests.Ê

Creating the atmosphere of a quaint coastal hillside village the new Marriott Vacation Club resort will also offer convenient access to the adjacent 504-room Frenchman’s Reef & Morning Star Marriott Beach Resort. Construction of Marriott’s Frenchman’s Cove is slated to begin this week with sales officially commencing today. Ê
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