Porto Carras resort joins RCI
July 14, 2010

Technical Olympic Group today announced that Sithonia Beach Club at Porto Carras has affiliated with RCI, the global leader in vacation exchange and one of the Wyndham Worldwide family of brands (NYSE: WYN).

Sithonia Beach Club at Porto Carras is located on the west coast of the popular Halkidiki area of mainland Greece and is part of the stunning mixed-use Porto Carras Grand Resort, which incorporates four luxury hotels, a private casino, modern Thalassotherapy and spa facilities, a conference centre, plus an 18-hole international standard golf course. Guests can enjoy a variety of additional on-site activities, including live entertainment, fitness facilities, swimming pools, tennis courts and horseback riding.

Porto Carras itself offers exceptional destination attractions, with nine km of private Blue Flag-quality beaches, 25 secluded coves, a private marina with moorings for 315 yachts and the largest organic vineyard in Greece. Just an hour’s drive away, Thessaloniki, the country’s second city, provides exciting cosmopolitan distractions with its wealth of culture and vibrant streets.

The timeshare accommodation at Sithonia Beach Club will comprise of double rooms in the Sithonia Thalasso and Spa Hotel, which offers 24-hour room service, in-room internet access and WiFi spots, children’s clubs, babysitting services, a business centre, shops, hair and beauty salons, car hire and more. The developer is selling one-week intervals of use, to be used each year over a lease period of 25years, at a cost of €15,000 and buyers at the resort automatically become members of Sithonia Vacation Club giving them discounted pricing on many of the resort’s activities, including green fees on the golf course.

“We are very excited to bring our owners the opportunities that RCI offers,” said Christos Zikos, board member of developer company Technical Olympic Group. “RCI offers our owners access to more than 4,000 terrific vacation resorts around the world, including everything from campgrounds to castles. We’re glad we could provide this service to our community.”

“We are very pleased to welcome Sithonia Beach Club at Porto Carras into the RCI network,” said Jonathan Back, managing director, RCI, EMEAI. “This beautiful resort brings a lively and varied experience to our members, both in terms of what the resort itself has to offer, as well as in its prime location on the Sithonia peninsula. Its recently renovated golf course benefits from a great climate which, combined with the resort’s many other attractions, makes this a fantastic year-round family resort.”

About Technical Olympic Group
Technical Olympic S.A. was founded in 1965 and is headquartered in Athens, Greece. Through its subsidiaries, the Group operates in the fields of construction, homebuilding, tourism, real estate, marinas, industrial materials, wine, and agricultural products in Greece, Romania and Russia. The company’s leisure real estate developments and tourism activities include operating a resort in Halkidiki and a network of tourist marinas. The company was formerly known as Pelops S.A., becoming Technical Olympic S.A. in 1980. Its core activities include the construction of homes, office buildings, hospitals, entertainment and shopping centres, and public buildings; motorways, tunnels, bridges and other road projects; rail and airport projects; dams, electromechanical projects, and irrigation projects; marinas, harbour and drainage projects; sports facilities; telecommunications projects; and a variety of environmental projects.

About RCI
RCI is part of Wyndham Exchange & Rentals, the worldwide leader in vacation exchange and the European leader in vacation rentals, with exclusive access for specified periods to more than 65,000 vacation properties in approximately 100 countries. Wyndham Exchange & Rentals is comprised of vacation exchange, including RCI, the worldwide leader in vacation exchange and provider of travel services to businesses and consumers and The Registry Collection program, the world’s largest luxury exchange program; vacation rentals, including Endless Vacation Rentals, Hoseasons, cottages4you, Novasol®, Cuendet® and Landal Green Parks®, and other renowned vacation rental brands, through which vacationers can rent a variety of property types, from city apartments to villas; and North Course® Leisure Real Estate Solutions, a research and consultancy firm providing advisory services to the global leisure real estate industry. Wyndham Worldwide Corporation is one of the world’s largest hospitality companies with leading brands in lodging franchising, vacation ownership, vacation rentals and vacation exchange. For additional information visit our media center and www.rciventures.com