MIAMI, FL (June 3, 2014) — Interval International, a prominent worldwide provider of vacation services and an operating business of Interval Leisure Group (Nasdaq: IILG), announced the addition of OWN Palermo Hollywood and Pop Villa Crespo by OWN, boutique condo-hotels located in the heart of Buenos Aires. These properties are part of the OWN Hotels Group and join OWN Montevideo that was affiliated last year.
“As we add more shared ownership properties to our portfolio, we are pleased to extend our relationship with Interval,” said Nicolas Bonta, president of Hoteles Urbanos and Fondok, developer companies of the hotels. “We are always working to enrich our owners’ experiences by offering new locations, fresh designs, and excellent service. Interval’s leisure benefits are a valuable complement to our product.”
“Shared ownership can offer developers many advantages, including enhancing profitability through more stable year-round occupancy rates and higher consumer expenditures,” noted Marcos Agostini, Interval’s senior vice president of resort sales and business development for Latin America. “Owners and guests tend to generate incremental revenue streams by their use of onsite amenities and services.”
OWN Palermo Hollywood features 16 units decorated in a chic, modern style, with 21 additional units expected to be completed next year. Each has high-tech perks such as complimentary Wi-Fi and cable Internet, LCD TV with DVD, CD player, home theater and surround sound system, and iPod docking station. Guests also can enjoy on-site amenities and services, including complimentary breakfast in the lounge area, room service, concierge, personal trainer, New York-style cocktail bar, and a contemporary art gallery.
Pop Villa Crespo by OWN consists of 44 units with a contemporary décor, flat-screen TVs, Wi-Fi access, and iPod docking stations. Hotel amenities and services include a lounge on each of the four floors, library, and 24-hour front desk.
OWN Palermo Hollywood and Pop Villa Crespo by OWN were both awarded the TripAdvisor® 2014 Certificate of Excellence.
Buenos Aires, the most visited city in South America, is known for its European-style architecture and rich cultural life. The city offers visitors numerous museums, landscaped parks, and live, renowned theatre productions. The OWN properties are located near many top attractions, as well as San Telmo, the oldest neighborhood in the city.
New purchasers at OWN Palermo Hollywood and Pop Villa Crespo by OWN 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.
Press Release Source: Interval Leisure Group
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