Sandestin Resort is New Addition for RCI

Parsippany, NJ 07-02-2002—Resort Condominiums International, LLC (RCI) announced today that Club Intrawest, the vacation ownership division of Intrawest Corporation of Vancouver, BC, Canada, has signed an affiliation agreement for its seventh and newest resort location, Sandestin Golf and Beach Resort, Sandestin, Fla., which will join the RCI Weeks exchange network.


An RCI affiliate since April 2001, Club Intrawest offers a completely flexible vacation ownership concept at some of the world`s premier four-season destinations. Through this agreement, RCI members will now be able to trade to Club Intrawest properties, adding a greater selection and flexibility to the industry`s largest traditional week-for-week vacation exchange network.


“Our mission, as North America`s leading developer and operator of resorts, is to always go above and beyond our customers expectations,” said Barb Jackson, senior vice president of Guest Experience, Club Intrawest. “We believe RCI members will be excited about the incredible vacation experience we are able to provide at the Club Intrawest Sandestin location. “Club Intrawest`s world-class resorts and top-notch amenities will undoubtedly be sought-after by RCI Weeks members,” said David Roe, executive vice president, RCI Membership Business. “We are thrilled to be able to add more and more of Club Intrawest`s properties to exchange members.”


About Club Intrawest: Club Intrawest offers an innovative and completely flexible vacation ownership concept. Members enjoy five-star accommodations at some of the world`s premiere four-season vacation destinations. With Club Intrawest`s Resort Point system, you enjoy the ultimate flexibility of daily scheduling. You are never locked into a specific week or length of stay at a specific resort.


Club Intrawest is operated by Intrawest Resort Ownership Corporation (IDR: NYSE; ITW: TSE), a wholly owned subsidiary of Intrawest Corporation , North America`s leading developer and operator of four-season destination resorts. Intrawest owns Whistler/Blackcomb, rated North America`s #1 winter resort destination. They also own Panorama, British Columbia; Blue Mountain, Ontario; Tremblant, Quebec; Copper Mountain, Colorado; Stratton, Vermont; Snowshoe, West Virginia; Mountain Creek, New Jersey; Mammoth, California; and Sandestin, Florida.

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About RCI: RCI is a global provider of leisure travel services to businesses and consumers, with market leadership positions in vacation property exchange, rental and resort management. As a growth partner to its business clients, RCI leverages core competencies in networks, technology, brand and product development and world-class customer service to deliver superior vacation experiences for travelers anywhere in the world.


RCI operates the world`s largest vacation exchange network, RCI Weeks, with 3 million members around the world, as well as the world`s only global points-based exchange network, RCI Points. The RCI Holiday Network offers consumers the world’s largest and most diverse selection of holiday rental properties, and operates rental programs on behalf of resorts around the world. RCI offers property owners at private residence clubs access to a portfolio of fine leisure assets through The Abercrombie & Kent Registry, bringing flexibility and added value to the luxury segment of the vacation ownership industry. RCI Resort Management is the vacation ownership industry`s largest property management company, providing branded holiday experiences to consumers on behalf of nearly 280 resorts and associations worldwide. RCI is a subsidiary of Cendant Corporation (NYSE: CD), a global provider of services primarily in travel and real estate.


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