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Preferred Residences ® is a hospitality-branded membership and exchange program for luxury shared ownershipresorts and private residence clubs. The purchase of an ownership <strong>in</strong>terest <strong>in</strong> a Preferred Residences resort providesaccess to outstand<strong>in</strong>g vacation experiences. In addition to enjoy<strong>in</strong>g their home away from home, members canexchange vacation time to visit other exceptional resorts <strong>in</strong> the Preferred Residences network, thereby maximiz<strong>in</strong>gtheir leisure options. The program exceeds luxury hospitality expectations and delivers exceptional services.In addition to resorts <strong>in</strong> the Preferred Residences network, supplemental exchange opportunities are made availableto members. Resorts are <strong>in</strong> popular dest<strong>in</strong>ations <strong>in</strong> the cont<strong>in</strong>ental United States and Hawaii, the Caribbean, Europe,Mexico, and Canada.

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