What will become of Sunterra Europe???

[Carolinian Super Moderator Find all posts View Profile Close Carolinian]

Since former Sunterra executive Ian Podesta (called IPod by some of his fans) turned whistleblower, storm clouds have been swirling around Sunterra Europe. Sunterra itself has formally raised the possibility of selling off their European operation, and their largest shareholder has openly demanded such action. The rumored buyer is Club La Costa, which is supposed to have already secured the financing to do so.

The US-based timeshare boards have not paid much attention to these developments, but the Sunterra boards at www.timesharetalk.co.uk have been full of debate on both sides of the issues. The Sunterra board at www.crimeshare.org has also been full of info, some of it right out of Citrus House (Sunterra Europe HQ).

[Carolinian Super Moderator Find all posts View Profile Close Carolinian]

Here's the latest: www.streettalkblog.com/?p=926

[Ryne08 Senior Member Find all posts View Profile Close Ryne08]

Question? What will happen to Sunterra Club members if this sell is completed?

[Spence Super Moderator Find all posts View Profile Close Spence]

I wondered why it took NC so long to post that here and there. Someone knows what the deal is if a sale goes through, there may be some sort of affiliation between the new bigger CLC and the new smaller Club Sunterra, but no one's talking. There seems to be a very loose and small affiliation between Club Sunterra and Vacation Internationale (the old Sunterra Pacific and the older VI). How CS claims any real availability in their catalog for these VI resorts, I don't know because it's severely limited to say the least.