Equivest, which markets and sells timeshare services and ownerships, will be folded into Cendant's Fairfield Resorts brand. Aside from ownership interests at 29 resort facilities, located primarily on the Eastern Seaboard and in the US Virgin Islands, Equivest also operates a finance company specializing in consumer timeshare loans. More than 85,000 Equivest timeshare interests have been sold and an additional 20,000 borrowers have arranged financing through Equivest for ownership in unaffiliated resorts.
Cendant's 60,000 employees provide real estate and travel services to businesses and consumers in more than 100 countries. Its subsidiary, Fairfield, is considered the world's largest independent timeshare company, with more than 340,000 vacation-owning households and upwards of $500 million in annual timeshare sales.
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