BNET Industries
Market Cap:$46.9K
Last Fiscal Year Sales:$423.9M
- Public
- US
Dow Jones Description
Sunterra gives the middle-class its day in the sun. Founded in 1990 and headquartered in North Las Vegas, NV, Sunterra Corporation (NASDAQ: SNRR) develops, markets, finances, and manages time-share vacation properties. The company operates about 100 resorts that serve about 300,000 mostly middle-income families. The resorts are located in North America, the Caribbean, and Europe. The company sells through independent distributors, a sales force, and sales centers. The company has annual revenue of about $425 million and employs about 5,000 people. In November 2005, it sold a $35 million portfolio of consumer receivables to Merrill Lynch Mortgage Lending, Inc., resulting in a gain of approximately $3 million for Sunterra.
Number of Employees 5,100
Contact Information
3865 W Cheyenne Ave
North Las Vegas, Nevada 89032
(702) 804-8600
Peer Companies
NAICS Code Administrative Management and General Management Consulting Services: 541611
News & Analysis
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sunterra corp. - All News and Analysis
Diamond Resorts Successfully Completes Acquisition of Sunterra Corporation
- 2007-04-27
LAS VEGAS -- Diamond Resorts, LLC today announced that, following the successful completion of its affiliate's $16.00 per share tender offer for all outstanding shares of Sunterra Corporation (Pink Sheets: SNRR) common stock, its affiliate has successfully completed the acquisition of Sunterra Corporation. Following the purchase of all shares...
Diamond Resorts Successfully Completes Tender Offer for Sunterra Common Shares
- 2007-04-26
LAS VEGAS -- Diamond Resorts, LLC today announced that its affiliate's $16.00 per share tender offer for all outstanding shares of Sunterra Corporation (Pink Sheets: SNRR) common stock was successful. Based on the count by Mellon Investor Services LLC, the depositary for the Offer, as of the expiration of...
Sunterra Announces Settlement-in-Principle of Certain Litigation; Amends Schedule 14D-9
- 2007-04-19
Sunterra Corporation (PINKSHEETS: SNRR) today announced it has reached a settlement-in-principle to resolve the actions entitled Caruso v. Sunterra Corp., et al., Case No. A537559 and Saullo v. Benson, et al., Case No. A525433, each filed in the District Court for Clark County, Nevada. As part of the settlement,...
Sunterra to Hold Investor Conference Call Wednesday, March 21
- 2007-03-20
Sunterra Corporation (PINKSHEETS: SNRR) today announced it will host an investor call at 8:30 a.m. Eastern time on Wednesday, March 21, 2007, to discuss its proposed acquisition by Diamond Resorts, LLC. Participants are invited to access the event at www.sunterra.com , visiting the Investor Relations section of the...
Chapman Capital Supports Sunterra Sale Agreement.
- 2007-03-12
M2 PRESSWIRE-12 March 2007-Catalyst Reporting: Chapman Capital Supports Sunterra Sale AgreementC1994-2007 M2 COMMUNICATIONS LTD RDATE:12032007 Market Gainer is quickly emerging as the one stop shop for international small-cap investors looking to stay a step ahead of the markets. Today's activity on...
Diamond Resorts to Acquire Sunterra for $16.00 Per Share in Cash, Creating Leading Vacation Ownership Company
- 2007-03-12
LAS VEGAS -- Diamond Resorts, LLC today announced that it has entered into a definitive agreement under which an affiliate of Diamond Resorts will acquire Sunterra Corporation (Other OTC: SNRR) for $16.00 per share in cash, a 35% premium over the closing price of Sunterra's common stock on March 8,...
Sunterra Acknowleges It Is in Discussions With Diamond Resorts
- 2007-03-09
Sunterra Corporation (PINKSHEETS: SNRR) today acknowledged, in response to a story issued by The Wall Street Journal, it is in discussions with Las Vegas-based Diamond Resorts, LLC regarding the possible acquisition of Sunterra, however, the company said it has not signed an agreement. There can be no assurance that...
Sunterra Finalizes Tax Liabilities Related to Its European Subsidiary
- 2007-03-07
Sunterra Corporation (PINKSHEETS: SNRR) today announced that it has concluded its analysis of unpaid withholding taxes, income taxes and value-added taxes related to transactions conducted by its European subsidiary during calendar years 2002 through 2006. As a result, the company will voluntarily pay approximately $3 million to the European...
VOIP5000, Inc. Announces Contract With IK Marketing International to Provide Click to Call Services to Sunterra Corporation
- 2006-12-11
VOIP5000, Inc. (PINKSHEETS: VPFI), a provider of click to call services under the Clixme name as well as other VoIP applications for online businesses, announced today that it has signed a contract with IK Marketing International to use its Clixme click to call service in delivering leads to Sunterra Corporation....
Sunterra Engages BDO Seidman as Independent Auditor
- 2006-12-11
Sunterra Corporation (PINKSHEETS: SNRR) today announced that upon recommendation and authorization of the Audit and Compliance Committee of its Board of Directors, the company has engaged BDO Seidman, LLP to serve as its independent registered public accounting firm, effective immediately. BDO will re-audit Sunterra's financial statements for certain prior...
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