Sol Melia Vacation Club at Paradisus Punta Cana New Member Resort Grows Company's Luxury Lifestyle Presence in the Dominican Republic

Business Wire, June 4, 2008

ORLANDO, Fla. -- Sol Melia Vacation Club (The CLUB) announces the opening of its latest CLUB resort, The Reserve at Paradisus Punta in the Dominican Republic, which features 192 luxury oversized one-bedroom suites and one-bedroom master suites with lavish amenities such as plasma TVs in the living room and bathroom, hydro massage showers, private balconies, Jacuzzi for two, fully-equipped kitchenettes, lagoon style swimming pool, children's pool and children's recreation area, and world class spa. CLUB members have access to all services and amenities of the 550-suite Paradisus Punta Cana resort complex, including its 10 restaurants, seven bars, casino, golf course and 24-hour room service.

This is the third CLUB location in the Dominican Republic for the Orlando-based company, which is part of Spain-based Sol Melia Hotels & Resorts. "By adding more member resorts in Punta Cana, we are responding to the increased demand for a luxury lifestyle product in the area," said Alain Grange, Chief Executive of Sol Melia Vacation Club. "And with increased airlift into the destination, Punta Cana continues to be a very strong destination for us."

In 2008, Sol Melia Vacation Club will also open new projects in the Canary Islands, Spain, Dominican Republic and the second phase of Sol Melia Vacation Club at Gran Melia Puerto Rico.

Sol Melia Vacation Club is an internationally-branded membership club that focuses on providing leisure lifestyle experiences that include exotic destinations, designer-appointed luxury accommodations, exclusive services and unforgettable amenities. The lifestyle concept is designed to provide members with an entire lifetime of leisure experiences to meet their ever changing needs. All members have access through The CLUB to stay at any of the Sol Melia hotels and resorts worldwide, including those in destinations such as Paris, London, Madrid, Rome and more.

Sol Melia Hotels & Resorts is a 50-year-old international hospitality company with 350 hotels in 30 countries on five continents. Sol Melia Vacation Club members enjoy the best of both worlds: all the conveniences and amenities of a world-class resort, plus the value, flexibility and choice that vacation membership offers. Members have more vacation lifestyle options through global luxury accommodations in a variety of unique resort and urban destinations around the world, as well as the flexibility to choose the length of stay, season and size of unit. In addition, Members can save their vacation time from one year to the next if needed, borrow from future vacation years to create a special experience that could include airfare or a spectacular cruise, divide their vacation time into shorter getaway or nightly stays, or stay at any Sol Melia hotel or affiliated resort worldwide.

For Sol Melia Vacation Club details, call (407) 370-3671 or visit www.smvc.com.