Fairfield Oceanside Press

Fairfield Resorts

Fairfield’s New Timeshare in Oceanside

OCEANSIDE, Calif. – August 31, 2005 – Fairfield Resorts, Inc., the largest vacation ownership company in the world with more than 500,000 owners, broke ground today on a new, seven-story timeshare resort in Oceanside, Calif., that will become the coastal city’s tallest building upon expected completion in the spring of 2008.

The two-tower, 146-unit resort – to be called Fairfield Oceanside at the Pier – is ideally located adjacent to Oceanside Municipal Pier, and will also feature a public promenade and plaza with retail shops, a restaurant, outdoor café and more.

“This is a very exciting day for everyone at Fairfield Resorts, and we’re grateful to the many people in Oceanside who’ve welcomed us and helped make this project become a reality,” said Franz Hanning, president and CEO, Fairfield Resorts. “Fairfield owners are anxious to vacation in Oceanside, and we look forward to those guests helping this community continue to grow and prosper as an up and coming world-class resort destination.”

Fairfield Oceanside at the Pier will feature a combination of one-, two-, three- and four-bedroom condominium style villas, as well as eight luxuriously-appointed Presidential Suites. All units are fully furnished with living and dining areas, full kitchens, washer/dryer and more. Resort amenities will include an outdoor pool, spa, children’s play area and exercise facility.

Oceanside Mayor Jim Wood attended groundbreaking ceremonies Wednesday afternoon, along with dozens of other dignitaries, government, community and business leaders, and Fairfield Resorts executives. Once all phases of construction are complete and the resort is fully opened, industry estimates suggest Fairfield owners and resort guests will pump approximately $10 million per year into the local business economy.