MIAMI, FL (May 25, 2016) — Interval International, a prominent worldwide provider of vacation services and an operating business of Interval Leisure Group (Nasdaq: IILG), welcomes to its global exchange network the Shanghai Xihong Vacation Club in the resort city of Yantai in northeastern China. The club’s first property has 24 two-bedroom units housed in the Best Western Yantai, a mixed-used complex with a quality hotel, full-ownership residential units, and commercial offices.
“We are delighted to work with Mr. An Qi and Mr. Fu Hanjun, two well-respected Yantai business leaders who developed the Shanghai Xihong Vacation Club,” said Darren Ettridge, Interval’s senior vice president resort sales and business development for Europe, Middle East, Africa, and Asia. “This addition offers our members upscale accommodations with numerous amenities in an exciting destination.”
“Now that sales are underway, our goal is to expand our offerings by adding 20- to 30-unit hotels in other key Chinese tourist destinations, the first being near Shanghai Disneyland,” said Mr. An, general manager of Shanghai Xihong Hotel Management Co. Ltd. “Our relationship with Interval will be pivotal to building brand awareness and offering our members global opportunities for travel.”
The 30-story Best Western Yantai offers commanding views of the city’s port area and the lush coast on the Shandong Peninsula. The spacious two-bedroom units, located between the 5th and 29th floors of the hotel, feature a contemporary design with elegant furnishings. Club members have access to many on-site amenities, including the rooftop infinity pool, a fitness center, two restaurants, and an 8D cinema theater.
“We congratulate the principals of Shanghai Xihong Hotel Management Co. Ltd. on the launch of their club,” said Joe Hickman, Interval’s vice president and executive director for Asia Pacific. “The knowledge and experience that Mr. An brings to this new venture has been instrumental in creating a club that no doubt will hold great appeal for potential purchasers in the region.”
Bordered by the Yellow and Bohai Seas across from South Korea and Japan, Yantai is one of the most popular tourist destinations in China’s Shandong province owing to its moderate climate and beautiful beaches. Another attraction, the Changyu Wine Company boasts a 100-year history and is considered the oldest wine producer in the region. It also houses the Changyu Wine Culture Museum on its grounds. Outside the city, the renowned Penglai Pavilion and Yangma and Changdao Islands are popular for daytrips.
Purchasers at Shanghai Xihong Vacation Club 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 Interval Options®, the ability to use points toward a cruise, tour, guided holiday, and more; ShortStay Exchange®; Hertz Gold Plus Rewards® membership; discounts on Getaway vacation rentals; special offers at hotels, restaurants, and retail outlets worldwide; and VIP ConciergeSM for personal assistance, 24/7.
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’s exchange network comprises approximately 3,000 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 professionally delivered vacation experiences.
Source: Interval Leisure Group
Beatrice de Peyrecave, 305-925-7032