The Reefs Club, Bermuda's Newest Private Residence Club, Opens July 2009

The Reefs Club is nearing completion and is on schedule to welcome the first owners arriving on July 3, 2009.

Southampton, Bermuda (Vocus) May 21, 2009 -- The Reefs Club (www.reefsclub.com) is nearing completion and is on schedule to welcome the first owners arriving on July 3, 2009. The luxurious, shared ownership property is one of the few ways foreigners may purchase a Bermuda vacation home. Strict government regulations have limited the sale of whole ownership real estate to non-Bermudians, paving the way for the sensible, convenient ownership The Reefs Club (www.reefsclub.com) offers to island enthusiasts.

"Most of our owners are American, so we're glad to have The Reefs Club ready for them to visit during the Independence Day holiday," says David Dodwell, president of The Reefs. "We've all been highly anticipating the completion of this spectacular property. It's hard to believe the opening is just six weeks from now."

Sharing the same private pink-sand beach with Bermuda's most award-winning hotel, The Reefs Club promises to offer the same exceptional service The Reefs (www.reefsclub.com) is renowned for. Club owners will benefit from exclusive amenities, including an infinity-edge pool, rooftop putting green with Atlantic views, state-of-the-art fitness center, and owners' lounge. The Reefs' three fine restaurants and new La Serena Spa with eight treatment rooms will be shared by both properties. Owners may purchase restaurant meal plans to enjoy during their visits.

The Reefs Club maintains the hotel's intimacy by offering just 19 two- and three-bedroom residences, all with unobstructed ocean views and private hot tubs on the verandas. Residences will be furnished in contemporary Bermudian style and will feature amenities such as flat screen televisions, spa bathrooms, and gourmet kitchens. One-tenth ownership starts at $350,000, with flexible and generous use offered.

"With the economy beginning to show signs of recovery, I am confident we'll have increased interest in The Reefs Club from visitors during the high season we're now entering," Mr. Dodwell says. "Now is the ideal time to explore Club ownership, especially while we're still offering pre-completion pricing."

Bermuda is just two hours or less from most East Coast cities, making the island a logical and accessible second home destination.

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