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                                                                      EXHIBIT 21

                      SUBSIDIARIES OF SUNTERRA CORPORATION
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                    Entity Name                                Jurisdiction of
                                                               Organization

AKGI Lake Tahoe Investments, Inc.                              CA
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AKGI Poipu Investments, Inc.                                   CA
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AKGI St. Maarten, N.V.                                         DE
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All Seasons Properties, Inc.                                   AZ
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All Seasons Realty, Inc.                                       AZ
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All Seasons Resorts, Inc. (AZ)                                 AZ
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All Seasons Resorts, Inc. (TX)                                 TX
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Alpine Apartment Hotel LmbH                                    Austria
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Andalucian Realty Limited                                      England & Wales
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Argosy Grand Beach, Inc.                                       GA
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Argosy Hilton Head, Inc.                                       SC
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Argosy Partners, Inc.                                          GA
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Argosy/KGI Grand Beach Investment Partnership                  CA
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Argosy/KGI Poipu Investment Partnership, LP                    HI
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Argosy/KGI Port Royal Partners                                 SC
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AVCOM International, Inc.                                      DE
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Benal Holdings Limited                                         Gibraltar
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Benal Management Limited                                       Gibraltar
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Berkeley Four Seasons Vacations, Inc.                          FL
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Berkeley Resorts Management Corp.                              NJ
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Blue Bison Funding Corporation                                 DE
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Broome Park Estates Ltd                                        England & Wales
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Canaryroute Ltd                                                England & Wales
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Citronsa Canarias SL                                           Spain
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Club Sunterra, Inc.                                            FL
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Club Via Limited                                               England & Wales
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Collie Inversion Inmobilario Santa Cruz SL                     Spain
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Cotiempo SL                                                    Spain
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Design Internationale-RMI, Inc.                                FL
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Dutch Elm Holdings, Inc.                                       NV
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Dutch Elm, LLC                                                 NV
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Fairweather Holdings, Inc.                                     NV
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Fairweather, LLC                                               NV
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Flanesford Management Ltd                                      England & Wales
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Flanesford Priory Ltd                                          England & Wales
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Floriana Holdings Limited                                      Gibraltar
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Floriana Management Limited                                    Gibraltar
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George Acquisition Subsidiary, Inc.                            NV
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Global Management Services Ltd                                 Isle of Man
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Global Vacation Club Gold Ltd.                                 Isle of Man
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Grand Beach Partners, L.P.                                     CA
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Grand Beach Resort, Limited Partnership                        GA
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Grand Vacation Club Ltd                                        England & Wales
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Grand Vacation Company (Europe) Ltd                            England & Wales
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Grand Vacation Company Ltd                                     England & Wales
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Grand Vacation Title Ltd                                       England & Wales
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Grand Vacation Travel Ltd                                      England & Wales
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Grand Vacations Management Limited                             England & Wales
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Grand Vacations Management Ltd                                 Jersey
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Great Western Financial Resources, Inc.                        AZ
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Greensprings Associates                                        VA
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Greensprings Plantation Resort, Inc.                           VA
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GVC Clubs (Europe) Ltd                                         England & Wales
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GVC Deutschland Betriebsgesellschaft mbH                       Germany
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GVC Deutschland Holding GmbH                                   Germany
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GVC Deutschland Vertriebsgesellschaft mbH                      Germany
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                     EntityName                                Jurisdiction of
                                                               Organization

GVC Nominee Ltd.                                               England & Wales
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GVC Promotions, Ltd.                                           Gibraltar
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GVC Spanish Benalmadena Management SL                          Spain
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GVC Spanish Management SL                                      Spain
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GVC Spanish Sales SL                                           Spain
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GVC Tenerife Sales SL                                          Spain
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GVC Travel Ltd.                                                England & Wales
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Harich Tahoe Developments                                      NV
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Hewicoon SL                                                    Spain
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International Timeshares, Inc.                                 FL
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Kabushiki Gaisha Kei, LLC                                      CA
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Kenmore Club Ltd                                               Scotland
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KGI Grand Beach Investments, Inc.                              CA
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KGI Port Royal, Inc.                                           SC
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KGK Investors, Inc.                                            CA
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KGK Lake Tahoe Development, Inc.                               CA
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KGK Partners, Inc.                                             CA
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Lake Tahoe Resort Partners, LLC                                CA
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Lakewood Development, Inc.                                     NV
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Los Amigos Beach Club Ltd                                      Isle of Man
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Los Amigos Beach Club Management Ltd                           Isle of Man
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LS Financial Services Ltd                                      England & Wales
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LS International Resort Management Ltd                         England & Wales
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LS Interval Ownership Ltd                                      England & Wales
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LSI (Wychnor Park) Ltd                                         England & Wales
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LSI Developers, Ltd                                            England & Wales
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LSI Portugal Clube de Ferias Lda                               Portugal
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LSI Properties Ltd                                             England & Wales
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Marc Hotels & Resorts, Inc.                                    HI
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Mazatlan Development Inc.                                      WA
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Member Privileges International, Inc.                          CA
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Menorca Leisure Limited                                        England & Wales
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Mercadotecnia de Hospedaje S.A. de C.V.                        Mexico
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Meridiat Canarias SL                                           Spain
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MMG Development Corp                                           FL
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MMG Holding Corp.                                              FL
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Octopus GmbH                                                   Austria
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Pastor Inmobiliario Insular SL                                 Spain
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Pine Lake Management Services Ltd                              England & Wales
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Pine Lake Plc                                                  England & Wales
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Plantation Resorts Group, Inc.                                 VA
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Pointe Partners Limited Partnership                            NV
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Poipu Resort Management Company                                HI
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Poipu Resort Partners, L.P.                                    HI
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Port Royal Resort, L.P.                                        SC
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Powhatan Associates                                            VA
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Premier Vacations, Inc.                                        FL
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Rainham Ltd                                                    Isle of Man
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Resort Connections, Inc.                                       NV
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Resort Management International, Inc.(CA)                      CA
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Resort Management International, Inc.(GA)                      GA
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Resort Marketing International, Inc.                           CA
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Resort Services, Inc.                                          VA
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Resorts Development International, Inc.                        NV
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Resot Management Services SL                                   Spain
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Ridge Lake, Inc.                                               NV
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Ridge Pointe Limited Partnership                               NV
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Ridge Spa and Racquet Club, Inc., The                          AZ
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Ridgewood Development, Inc.                                    NV
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                    EntityName                                 Jurisdiction of
                                                               Organization

RKG, Corp.                                                     VA
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RPM Management, Inc.                                           AZ
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S.V.L.H., Inc.                                                 VA
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Sahara Sunset Resort Management SL                             Spain
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Servicios Turisticos La Gaviota, S.A. de C.V.                  Mexico
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Signature Capital - West Maui LLC                              DE
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Signature Grand Villas, Inc.                                   USVI
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Sunra, Inc.                                                    FL
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SunSera Funding Corp.                                          NV
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Sunset Country Club Management Ltd                             Isle of Man
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Sunset Sur SA                                                  Spain
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Sunterra Communications Corporation                            FL
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Sunterra Europe (Group Holdings) plc                           England & Wales
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Sunterra Finance, LLC                                          GA
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Sunterra Financial Services, Inc.                              NV
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Sunterra Golf Holding Company                                  CA
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Sunterra Interiors, LLC                                        NV
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Sunterra Italia Srl                                            Italy
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Sunterra Mortgage, Inc.                                        GA
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Sunterra Pacific Realty, Inc.                                  DE
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Sunterra Pacific, Inc.                                         WA
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Sunterra Sales Italy Srl                                       Italy
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Sunterra St. Croix, Inc.                                       USVI
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Sunterra Travel, Inc.                                          WA
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Sunterra Voyages SARL                                          France
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TerraSun Holding, Inc.                                         NV
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TerraSun, LLC                                                  NV
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Torres Mazatlan S.A. de C.V.                                   Mexico
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Torres Vallarta S.A. de C.V.                                   Mexico
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Trion Capital Corporation I                                    DE
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Vacaciones Compartidos Mazatlan y Vallarta, S.A. de C.V.       Mexico
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Vacacionistas Internacionales Mazatlan S.A. de C.V.            Mexico
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Vacacionistas Internacionales Vallarta S.A. de C.V.            Mexico
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Vacation Club Partnerships Ltd                                 England & Wales
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Vacation Owners Club SA                                        Spain
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Vacation Research, Ltd.                                        England & Wales
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Vacation Time Share Travel, Inc.                               Bahamas
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Vilar do Golf Empreendimentos Turisticos Lda                   Portugal
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VTS Operating Fund, Inc.                                       WA
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West Maui Resorts Partners, L.P.                               DE
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Williamsburg Vacations, Inc.                                   VA
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