Miami, FL, December 2, 2013 – Interval International, a prominent worldwide provider of vacation services and an operating business of Interval Leisure Group (Nasdaq: IILG),announced the affiliation of Palmares del Francés. Situated on the Atlantic Coast in the town of Santiago de Tolú, the fractional property is being built by Al Proyectar S.A., an established shared ownership developer in Colombia.
“We are seeing growing interest in fractional ownership, a product that provides the benefits of owning a vacation property without the financial and time commitment of whole ownership,” said Jhon Jairo Agudelo, manager of Al Proyectar S.A. “This beautiful retreat in an unspoiled natural setting will appeal to consumers looking condominium accommodations that are ideal for families and couples.”
Upon completion, the oceanfront resort will feature of 37 fractional units set around a common area with tropical garden walkways, swimming pool, and hot tubs. Each includes spacious living and dining areas, a full kitchen with modern appliances, state-of-the-art electronics, and private terraces. Among the property’s other amenities are a white-sand beach, restaurant, Internet center, snack bar, event room, and playground.
“We are excited that the experienced team behind Palmares del Francés chose to work with us on their latest project,” said Marcos Agostini, Interval’s senior vice president of resort sales and business development for Latin America. “Our research shows that leisure travelers in Colombia are very interested in purchasing some type of shared ownership real estate product in the next two years. The findings are promising for this property and confirm the opportunity for shared ownership.”
Activities available on-site and nearby are beach volleyball, fishing, snorkeling, scuba, kite boarding, and waterskiing. Visitors can take day trips to the ecological park on Isla Palma, one of the pristine Caribbean islands belonging to the Archipelago de San Bernardo. They can also participate in half-day excursions to the animal sanctuary at Manglares de Cispatá or the mangroves of Ciénaga de Caimanera.
New purchasers at Palmares del Francés 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 personal concierge service available 24/7 via phone and e-mail, Hertz Gold Plus Rewards® membership and benefits, 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 more than 2,800 resorts in over 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.
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Interval International, 6262 Sunset Drive, Miami, FL 33143www.intervalworld.com www.resortdeveloper.com