MIAMI, FL (Oct. 15, 2014) — Interval International, a prominent worldwide provider of vacation services and an operating business of Interval Leisure Group (Nasdaq: IILG), announced the addition of Guaduales del Café, the shared ownership component of a mixed-use resort in Montenegro, Colombia. The property is located within the heart of the Coffee Triangle — a region famous for its coffee that is considered by many to be the best in the world.
“We are excited to enter the shared ownership industry with a project that integrates sustainable building practices with high levels of quality,” Mario Tobon, the resort’s project director. “Working hand-in-hand with our team, Interval has provided valuable support in the planning and development phase and will offer our owners benefits and programs that are truly innovative in the industry.”
“Our latest research confirms the potential for the industry in Colombia with one in four leisure travelers indicating that they are interested in purchasing a shared ownership real estate product,” noted Marcos Agostini, Interval’s senior vice president of resort sales and business development for Latin America. “We also learned that the Coffee Triangle is a highly desirable destination, so we are confident that Guaduales del Café will hold great appeal.”
The property’s two-bedroom units will feature modern interiors with light neutral tones and colorful accents. Each will have contemporary furnishings, tile floors, flat-screen TVs, and wireless Internet access. Guests also will enjoy a number of planned amenities and services, including a restaurant, swimming pool, specialty coffee shop, rooftop terrace with exercise area, concierge, and room service. Among the nearby attractions outdoor enthusiasts can visit are Los Nevados Natural Park and the National Coffee Park.
The first phase of Guaduales del Café is expected to be completed in the first quarter of 2015. Designed to maximize use of natural light and air flow, it is being built using environmentally friendly materials, water conservation methods, and renewable energy sources.
New purchasers at Guaduales del Café will be enrolled as individual members of Interval International and will also become Interval Gold® members, entitling them to a number of flexible exchange opportunities and upgraded benefits and services. These include discounts on Getaway vacation rentals, ShortStay Exchange®, a concierge service available 24/7 via phone and email, Hertz Gold Plus Rewards® membership, and special offers at hotels, restaurants, and retail outlets worldwide.
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 nearly 2,900 resorts in more than 80 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 International
Beatrice de Peyrecave, 305-666-1861, Ext. 7032