Frenchman's Cove's First Phase Opens This Week

. October 14, 2008

FEBRUARY 19, 2007. Kraus-Manning, Inc. of Orlando, Florida has been working with Marriott Vacation Club International (MVCI) for the past 18 months as extension of staff for the development of Frenchman's Cove, a Timeshare Vacation Villa adjacent to Frenchman's Reef & Morning Star Resort on St. Thomas in the U.S. Virgin Islands.

Built on a secluded beach with amazing views of the ocean, the overall design reflects the Danish and British architectural influences that shaped the development of St. Thomas. The interior of each villa is designed to provide an impression of a beautiful, comfortable retreat.

The total project will consist of seven fractional ownership buildings, a Market Place, Kids Club and common area amenities including pools and spas to be opened in phases starting in mid-February 2007.

This month the team received the Certificate of Occupancy on Building 1 (the first building), the Kids Club and the Main Pool, and the first phase of development was opened on February 15, 2007. Building 1 is comprised of 30 units; 26 of the units are two-bedroom/two-bath, and four units are three-bedroom/three-bath. The Kids Club boasts an activity center providing organized activities for the kids adjacent to the Main Pool, which includes an infinity edge, water slide and whirlpool spa.

As extension of staff, the KMI team has worked hand-in-hand with MVCI to manage a project utilizing direct contracts with multiple trades and direct material purchases to provide the Client with the most effective means of delivering this multimillion dollar project on an offshore site. KMI congratulates MVCI on opening their first phase.

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