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Strategies & Market Trends : Timeshare Companies - OWN FFD TWRI VSTN SVR BXG

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To: Grommit who wrote ()5/29/1999 6:00:00 PM
From: Dr. Microcap   of 55
 
Exclusive Cruises & Resorts, Inc. (BB:XCLU) has an option to buy 51% of the Hotel Brazil in North Miami Beach, Florida.

The business plan calls for XCLU to renovate and expand this 65 room boutique Hotel to 90 rooms and timeshare 50% of those units.

Management team XCLU has successfully renovated and Timeshared 7 resorts in Europe over the past 10 years!

Finova has proposed to lend XCLU the funds to refinance and remodel and expand this 51% acq.'s which will be immediately accretive to XCLU's 1999 earnings.

Other Timeshare projects are currently being negotiated as well!

Not a bad story for a stock trading at just 19/32's with a book value of around a dollar!
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