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Sterling Holiday Resorts Limited, signed an agreement in October 2015 to acquire Nature Trails Resorts Private Limited an adventure holiday company that operates resorts at 4 destinations in Maharashtra. It has been reported that the company is looking at expanding to more destinations.Sterling Holiday Resorts Limited (known as Sterling) a holiday lifestyle company was incorporated in the year 1986. RCI's CEO and president is Gordon Gurnik. RCI's corporate headquarters is in Parsippany, New Jersey.ln India, RCI corporate office is in Bangalore. At the moment Director is Michael Hoster and General Manager is Ayush Kumar. Its North American membership office is in Carmel, Indiana, and its European membership office is in Kettering, England, with several satellite servicing offices around the world.In 2015, Sterling Holiday Resorts India Limited became a 100% independently managed subsidiary of Thomas Cook India Limited (TCIL) in the back of the former's equity shares being bought in an off-market transaction by Thomas Cook Insurance Services (TCISIL).In July 2011, the Company announced an Extraordinary General Meeting on 13 August 2011 to seek shareholder approval to raise Rs. 121.5 crore capital through the issuance of equity shares and warrants on a preferential basis to a consortium of investors led by Rakesh Jhunjhunwala and Radhakrishna Damani.A class action lawsuit against RCI was pursued by Green Welling LLP on behalf of RCI Weeks Program members in New Jersey of 2006. The Plaintiff alleged that RCI actually rents out the most desirable and highly demanded vacation weeks from the spacebank, thus depleting the most desirable options available to Weeks Program members who seek exchanges. RCI is a timeshare exchange broker. It does not develop or sell timeshares (this falls within the province of RCI's sister Wyndham Worldwide subsidiary Wyndham Vacation Ownership). A customer who buys a timeshare with an RCI-affiliated developer (whether Wyndham or another entity) has the option to become a member of RCI. Such membership entitles the individual to exchange their timeshare with other members; RCI facilitates and fulfills the exchange.