Miami, Florida, and Northbrook, Illinois, August 3, 2011 - Interval International, a prominent worldwide provider of vacation services and an operating business of Interval Leisure Group (Nasdaq: IILG), and Shell Vacations LLC, one of the shared ownership industry’s largest and most successful independent resort developers, today announced a long-term master affiliation agreement. This encompasses 24 unique Shell Vacations-operated or -affiliated resorts in the United States, Canada, and Mexico that will enhance Interval’s quality global exchange network. The latest addition to Shell Vacations’ impressive portfolio is the iconic Park Manor Suites in San Diego, California, which has been renamed Inn at the Park to maintain brand recognition within the resort collection. All properties that the company develops, acquires, or services during the term of the contract will be included.
Shell Vacations has also selected Interval to provide points-based reservations and a comprehensive package of other customized services, benefits, and programs for its members. The seamless integration will leverage Interval’s infrastructure and supplement Shell Vacations’ resources.
"The Interval team embraced our entrepreneurial spirit and passion for innovation. They have an exceptional focus on quality and that coupled with our desire to continually create new products results in a ‘win-win’ situation," said Sheldon H. Ginsburg, chairman and CEO of Shell Vacations LLC.
"We are very proud that Shell Vacations has chosen Interval to complement the state-of-the-art programs and services that it has long delivered to its members," said Craig M. Nash, chairman, president, and CEO of Interval Leisure Group. "As one of the most respected independent brands in shared ownership, Shell has been at the forefront of creating flexible-use products that today are emulated by many in the industry. We look forward to working collaboratively with the Shell Vacations team to grow our businesses."
Tracy L. Sherles, president and chief operating officer of Shell Vacations LLC, added, "The Shell team is very excited to embark on this new partnership. Interval’s penchant for quality and its clever approach to service delivery are impressive. This relationship will enhance every aspect of Shell Vacations’ business, from sales and marketing support to member benefits and services through to superior portfolio performance."
Shell Vacations operates Shell Vacations Club (SVC), an innovative points-based vacation club for some 65,000 members. Effective January 2, 2012, these consumers will be enrolled as members of Interval International, entitling them to a host of year-round benefits, including the opportunity to redeem their points for stays at resorts in Interval’s network. SVC members will also become Interval Gold® members, and enjoy a number of upgraded benefits such as ShortStay ExchangeSM; discounts on resort Getaways; special offers at hotels, restaurants, and retail outlets worldwide; complimentary Hertz #1 Gold® membership; and access to a personal concierge service available 24/7 via phone and email. SVC Elite® members will join at the prestigious Interval PlatinumSM level. They will receive an array of best-in-class leisure and lifestyle benefits and services along with the Interval Gold advantages, such as airport lounge membership, priority Getaway vacation viewing, and more.
About Interval InternationalInterval 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 for 35 years. Today, Interval has an exchange network of approximately 2,600 resorts in over 75 nations. Through offices in 15 countries, Interval offers high-quality products and benefits to resort clients and approximately 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.
About Shell VacationsHeadquartered in Northbrook, Illinois, Shell Vacations is one of the most respected independent vacation ownership developers in the United States, operating or affiliated with 24 resorts in the United States, Canada, and Mexico. The company specializes in the sales and hospitality management of vacation ownership resorts, as well as servicing approximately 111,000 families who are owners and members of its vacation ownership products.
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Interval International, 6262 Sunset Drive, Miami, FL 33143www.intervalworld.com www.resortdeveloper.com