MIAMI, FL (August 20, 2013) — Interval International, a prominent worldwide provider of vacation services and an operating business of Interval Leisure Group (Nasdaq: IILG), announced the affiliation of Encontro Das Águas Thermas Resort, a fractional property in Caldas Novas, Goiás. The city is home to one of the largest hot-spring aquifers in the world, making it a very popular destination in central Brazil.
“We’re excited to enter the shared ownership industry and collaborate with Interval, a company known for its quality network and consumer benefits,” said Ricardo Assuncao, partner in RMEX Construtora e Incorporadora Ltda., developer of the resort. “Our objective is to make our resort one of the area’s finest and we look forward to hosting Interval members who will be able to enjoy the many treasures of Caldas Novas.”
Encontro Das Águas is currently under construction and expected to be completed early next year. Plans call for the resort to include 384 one- and two-bedroom units in three buildings. Each will feature elegant modern décor, contemporary furnishings, fully equipped kitchen, and high-end electronics.
“It’s a great pleasure to be working with Ricardo and his partners who have been active in real estate in Goiás for many years,” said Marcos Agostini, Interval’s senior vice president of resort sales and business development for Latin America. “We welcome them to shared ownership, which is playing an increasingly important role in resort development in Brazil.”
Among the wide range of amenities and services the resort will offer are a gourmet restaurant, 24-hour room service, spa and sauna, fitness center, indoor and outdoor swimming pools, and cinema. Other activities available nearby include boating, jet skiing, and hiking.
Notable attractions in Caldas Novas are a Japanese Garden built in the Buddhist tradition, the 47 square-mile Serra de Caldas Novas State Park, and the Church of Our Lady of Sorrows, which dates from 1850 and is considered one of the oldest buildings in Caldas.
About Interval International
Interval International operates membership programs for vacationers 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 since 1976. Today, Interval has an exchange network of approximately 2,800 resorts in more than 75 nations. Through offices in 16 countries, Interval offers high-quality products and benefits to resort clients and about 2 million families who are enrolled in various membership programs. Interval is an operating business of Interval Leisure Group, Inc. (Nasdaq: IILG), a leading global provider of membership and leisure services to the vacation industry.
Source: Interval Leisure Group
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