Equivest, which markets and sells timeshare services andownerships, will be folded into Cendant's Fairfield Resorts brand.Aside from ownership interests at 29 resort facilities, locatedprimarily on the Eastern Seaboard and in the US Virgin Islands,Equivest also operates a finance company specializing in consumertimeshare loans. More than 85,000 Equivest timeshare interests havebeen sold and an additional 20,000 borrowers have arrangedfinancing through Equivest for ownership in unaffiliatedresorts.
Cendant's 60,000 employees provide real estate and travelservices to businesses and consumers in more than 100 countries.Its subsidiary, Fairfield, is considered the world's largestindependent timeshare company, with more than 340,000vacation-owning households and upwards of $500 million in annualtimeshare sales.
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