CONDOTELS

CONDOTELS ARRANGES VACATION PACKAGE PLANS COMBINING PRIVATELY OWNED CO NDMINIUM RESIDENCES WITH RESORT HOTEL TYPE SERVICES THROUGH CONTRACTS WITH CONDOMINIUM OWNERS, GOLF COURSES, RESTAURANTS AND SERVICE AGENCIE S. THE VACATION PLANS INCLUDE USE OF A PRIVATELY OWNED CONDOMINIUM RE SIDENCE, MAID SERVICE, GOLF FEES, MEALS AND INCIDENTAL SERVICES