As per
https://www.sec.gov/Archives/edgar/data/1016577/0000950150-98-000461.txt, the 4 Embassy Vacation Resorts (Poipu Point, Grand Beach, Lake Tahoe and Kaanapali Beach) have been acquired by Signature Resorts in 1994, 1995, 1996 and 1997 respectively.
Signature Resorts has been renamed to Sunterra in 1998 (see
https://www.referenceforbusiness.com/history2/86/Sunterra-Corporation.html).
What is funny is Sunterra Resorts was a sub-brand under Signature resorts as per
https://www.sec.gov/Archives/edgar/data/1016577/0000950150-98-000461.txt:
Through its primary resort brands, the Company offers Vacation Intervals in
each of the three principal price segments of the market (value, upscale
(characterized by high quality accommodations and service) and luxury
(characterized by elegant accommodations and personalized service)). In
addition, the Company operates points-based vacation clubs in North America and
Europe.
Sunterra Resorts. The Company's Sunterra Resorts, includes resorts in both
the value and upscale price segments which are not affiliated with any hotel
chain. Vacation Intervals at the Company's Sunterra Resorts generally sell for
$6,000 to $25,000 and are targeted to buyers with annual incomes ranging from
$35,000 to $80,000. The Company believes its Sunterra Resorts offer buyers an
economical alternative to resorts affiliated with brand-name lodging companies
(such as Embassy Vacation Resorts and Westin Vacation Club resorts) and
traditional vacation lodging alternatives.
Embassy Vacation Resorts. The Company's Embassy Vacation Resorts are
positioned in the upscale price segment of the market and are characterized by
high quality accommodations and service. Vacation Intervals at the Company's
four Embassy Vacation Resorts generally sell for $14,000 to $20,000 and are
targeted to buyers with annual incomes ranging from $60,000 to $150,000. Embassy
Vacation Resorts are designed to provide vacation ownership accommodations that
offer the same high quality and value that is represented by the more than 140
Embassy Suites hotels throughout North America. The Company is one of two
licensees and operators of Embassy Vacation Resorts, and is currently evaluating
additional resorts that could be operated as Embassy Vacation Resorts.
Westin Vacation Club Resort. The Company's Westin Vacation Club resort is
positioned in the luxury price segment of the market and is characterized by
elegant accommodations and personalized service. Vacation Intervals at Westin
Vacation Club resort generally sell for $16,000 to $25,000 and are targeted to
buyers with annual incomes ranging from $80,000 to $250,000.
LSI's Grand Vacation Club. As a result of the LSI Acquisition, the Company
acquired LSI's Grand Vacation Club points-based system and as a result of the
Global Acquisition, the Company acquired the Global Group's Global Vacation
Club, which it is integrating into the LSI system. Grand Vacation Club allows
members to purchase an annual allotment of points that can be redeemed for
occupancy rights at Grand Vacation Club's European resorts and at other
participating resorts. The Company markets the Grand Vacation Club in the United
Kingdom, Spain, France and Austria. Points in the Grand Vacation Club can
typically be purchased for approximately $220 a point. A typical one week stay
at a Grand Vacation Club resort requires approximately 46 points. Each Grand Vacation Club member
receives a new allotment of points each year throughout the term of its
membership in the club.
VI's Vacation Time Share Program. As a result of the VI Acquisition, the
Company acquired VI's Vacation Time Share Program (the "VTS Program") which it
markets to buyers in the United States, Canada and Mexico. The VTS Program is a
points-based system much like LSI's Grand Vacation Club in that it allows
members to purchase points that are redeemed for occupancy rights at
participating VTS Program resorts. Points in the VTS Program typically can be
purchased for approximately $119 a point. A typical one week stay at a VI resort
requires approximately 91 points. Each VTS Program member receives a new
allotment of points each year throughout the term of its membership in the
program.