MIAMI, FL, January 14, 2010 — Interval International, a leading global provider of vacation services and an operating segment of Interval Leisure Group (Nasdaq: IILG), has announced that Dawn Beach Club in St. Maarten, Netherlands Antilles, has joined its vacation exchange network. The project was developed by Babitbay Beach Development Corporation B.V., a related company of Columbia Sussex Corporation, one of North America’s leading independent owners and operators of resorts and hotels.
“We are very pleased that a hotelier of Columbia Sussex’s stature recognizes the opportunities that shared ownership offers, and has entered the industry with such a luxurious product in St. Maarten,” said David Gilbert, executive vice president of resort sales and marketing for Interval International.
Ideally situated on the island’s southeastern shore, the property includes three-bedroom, two-bath oceanfront condominiums with spacious floor plans. The 1,800-square foot units feature elegant contemporary furnishings and warm teak finishes. Each has a fully appointed kitchen with stainless steel appliances, satellite television and Wi-Fi, and an oversized patio or balcony.
“We are thrilled to be offering consumers an opportunity to purchase a vacation interest at our beautiful resort in one of the Caribbean’s most popular vacation destinations,” stated Joe Yung, director of development of Columbia Sussex. “When you combine ownership at Dawn Beach with Interval International’s high-quality programs and products, you have a very attractive value proposition.”
St. Maarten is the smallest island in the world to be shared by two nations, the Netherlands and France, creating a European vibe with a Caribbean flair. With more than 300 restaurants, the island offers a diverse cuisine that appeals to everyone. For water enthusiasts, scuba diving and snorkeling facilities are located throughout the island, which boasts an extensive marine biodiversity and unique underwater dive sites such as the H.M.S. Proselyte, a notable British frigate which sank in St. Maarten’s waters in 1801.
Further reinforcing the value of ownership, new purchasers will be enrolled as individual members of Interval International, as well as Interval Gold®, its upgraded membership program. This gives them the opportunity to exchange their accommodations for those at other resorts in Interval’s worldwide network, as well as the ability to relinquish their resort weeks toward the purchase of cruise, golf, and spa vacations. They also will enjoy an extensive menu of benefits, including discounts on resort Getaways, ShortStay ExchangeSM, access to a personal concierge service available 24 hours a day via phone and e-mail, complimentary Hertz #1 Gold® membership, and worldwide hotel and dining discounts.
Interval International operates membership programs for vacation owners and provides value-added services to its developer clients worldwide. Based in Miami, Florida, the company has been a pioneer and innovator in serving the vacation ownership market for more than 33 years. Today, Interval has a network of approximately 2,500 resorts in more than 75 countries and offers its resort clients and about 2 million member families high-quality products and programs through offices in 26 cities in 16 countries. Interval is an operating segment of Interval Leisure Group, Inc. (Nasdaq: IILG), a leading global provider of membership and leisure services to the vacation industry.
Béatrice de Peyrecave, 305-666-1861, ext. 7032
SOURCE: Interval International