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St. Regis Residence Club Aspen Prepares for Opening in December 2004.


ASPEN, Colo. -- Sales are Strong for the Residence Club; First Fractional Share Fractional share

Stocks amounting to less than one full share, usually resulting from splits, acquisitions, exchanges, or dividend reinvestment programs.


fractional share

Less than one share of stock, that is, one-third or one-half a share.
 Has Sold for Over $1 Million

St. Regis Residence Club Aspen, the first hotel-affiliated luxury fractional fractional

size expressed as a relative part of a unit.


fractional catabolic rate
the percentage of an available pool of body component, e.g. protein, iron, which is replaced, transferred or lost per unit of time.
 property in Aspen, is slated to open in December 2004 and is experiencing a strong sales pace. Nearly 50 percent of the 275 memberships have already been sold prior to opening, so there are not many opportunities for ownership in this exclusive residence club. A new benchmark for luxury fractional residence sales has been reached with a four-week membership being sold for over $1 million.

Membership prices for 1/11th fractional shares range from over $300,000 to over $1.5 million, depending on the size of the residence and the membership plan. St. Regis Residence Club Aspen is one of the first fractional residence clubs with a fixed membership option, so individuals may purchase fixed weeks, as well as a floating option.

Nestled nes·tle  
v. nes·tled, nes·tling, nes·tles

v.intr.
1. To settle snugly and comfortably: The cat nestled among the pillows.

2.
 in the premium location at the base of world-famous Aspen Mountain Aspen Mountain may refer to
  • Aspen Mountain - a mountain in Colorado in the United States
  • Aspen Mountain - a ski resort on the mountain of the same name outside Aspen, Colorado
  • Aspen Mountain - a mountain in North Carolina in the United States
 and steps away from the center of downtown, St. Regis Residence Club Aspen offers only 25 two- and three-bedroom residences, which are located in the east wing of the existing St. Regis Resort Aspen. This landmark property presents the opportunity for a select few to own an interest in the first hotel-affiliated luxury fractional project in the heart of Aspen.

St. Regis Residence Club Aspen is also the first fractional project in Aspen where guests will have privileged access to the brand-new Remede Spa, which will be the flagship spa of the new luxurious Remede Spa brand being developed for St. Regis hotels. The first-ever 15,000 square-foot Remede Spa will debut at the St. Regis Resort Aspen in December 2004 and will be one of the finest resort spas in the world.

In addition to the exclusive environment and luxury decor of their private St. Regis Residence Club, members will have access to the superior services available at the St. Regis Resort Aspen, including private concierge, ski butler and in-room dining from Olives Aspen. Club membership will include valet parking valet parking
n.
Parking arrangements provided by a commercial establishment, such as a restaurant, whereby patrons leave their cars at the entrance and attendants park and retrieve them.

Noun 1.
, and storage services will be provided to each member for clothing, sporting equipment and personal items.

The new residences are spacious, with sizes of approximately 2,200 square feet for the three-bedroom residences and approximately 1,700 square feet for the two-bedroom residences. The residences are being designed by Marc-Michaels Interior Design, one of the top 10 residential design firms in the country, who has combined the expected luxury of a fine hotel with the warmth and coziness co·zy also co·sy  
adj. co·zi·er also co·si·er, co·zi·est also co·si·est
1. Snug, comfortable, and warm.

2. Marked by friendly intimacy. See Synonyms at comfortable.

3.
 of a private residence.

For information, contact St. Regis Residence Club Aspen at 970-429-7391, via email at residenceclub@stregis.com or visit the marketing offices in the lobby of St. Regis Resort Aspen, located at 315 E Dean Street. Or visit us online at http://www.stregisresidenceclub.com.

St. Regis Resort Aspen was named one of the top five mountain resorts and top 20 hotels in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere.  by Conde Nast Traveler, and one of the top 25 resorts in North America by the 2004 Zagat Survey Zagat Survey (pronounced za-GAT)[1] was established by Tim and Nina Zagat in 1979 as a way to collect and correlate the ratings of restaurants by diners. For their first guide, covering New York City, the Zagats surveyed their friends.  of Fine Hotels & Resorts. With an elegant mountain decor and the trademark superlative service for which The St. Regis group of hotels is known, guests enjoy the best that this mountain retreat has to offer. For reservations or more information, call 1-888-454-9005 or 970-920-3300 or visit the website at www.stregis.com.

Starwood Hotels & Resorts Worldwide, Inc. (NYSE NYSE

See: New York Stock Exchange
:HOT) is one of the leading hotel and leisure companies in the world with more than 750 properties in more than 80 countries and 110,000 employees at its owned and managed properties. With internationally renowned brands, Starwood is a fully integrated owner, operator and franchisor of hotels and resorts including: St. Regis, The Luxury Collection, Sheraton, Westin, Four Points by Sheraton Four Points by Sheraton is Starwood Hotels & Resorts mid-market hotel brand, targeted towards business travelers and small conventions. Four Points was created by the former ITT Sheraton before Starwood acquired the firm in 1998. , W brands, as well as Starwood Vacation Ownership, Inc., one of the premier developers and operators of high quality vacation interval ownership resorts. For more information, please visit www.starwoodhotels.com.

"This is neither an offer to sell nor a solicitation solicitation

In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual
 to buy to residents in states in which registration requirements have not been fulfilled."
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Dec 2, 2004
Words:684
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