London, 2 August 2011 - Interval International, a prominent worldwide provider of vacation services and an operating business of Interval Leisure Group (Nasdaq: IILG), has affiliated Hotel Savoy on the Portuguese island of Madeira to its global exchange network. Upon completion in 2014, it will include 246 timeshare apartments, ushering in the second chapter of the vacation ownership product for Siet Savoi SA, the developer of the successful Royal Savoy affiliated in 2002.
"We're very happy to be able to offer more exchange options to Interval members who want to visit this magnificent island, known for its stunning scenery and spring-like temperatures," said Darren Ettridge, Interval’s senior vice president of resort sales and business development for Europe, Middle East, Africa, and Asia. "There are nearly 5,000 vacation owners at Royal Savoy who enjoy consistently high standards at this award-winning property. We’re sure that Siet Savoi will build on its outstanding success to deliver another truly wonderful holiday experience."
All of the Hotel Savoy timeshare apartments will be air-conditioned, offer Internet access, and have ocean-facing balconies or terraces. One-bedroom apartments will have separate lounge and dining areas, a full kitchen and master bedroom with en-suite bathroom and walk-in closet. The two- and three-bedroom lock-off apartments will be ideally suited to holidays with friends or family sleeping up to six and eight guests respectively. Studio units will have a kitchenette and a spacious lounge area.
Hotel Savoy guests also will have access to a full-service spa with sauna; fitness centre; heated indoor, outdoor, and children’s swimming pools; whirlpool; tennis court; and restaurants and bars on the grounds of the resort. Other amenities will include 24-hour reception service, room service, and underground parking.
"Hotel Savoy is the newest generation of a small family-run hotel first opened at the beginning of the 20th century," said Isabel Cristina, project director of the Savoy Group (Siet-Savoi S.A). "We're proud of our reputation for hospitality and very pleased to have Interval International as an exchange partner, so that we can introduce many more people to our beautiful home."
Closer to the coast of North Africa than Europe, the volcanic island of Madeira is just 35 miles long by 13 miles wide, studded with dramatic ravines and rocky headlands. Along the roadways that wind their way through sleepy hamlets and larger villages, the manmade watercourse "levadas" appear to be ribbons of water meandering through the countryside sparkling in the bright sunlight that bathes the area.
The island that many call "the floating garden of the Atlantic" is a 90-minute flight from Lisbon and the Hotel Savoy is 15 minutes from Madeira's Funchal International Airport and a five minute walk to the historical centre of Funchal.
About Interval InternationalInterval International operates membership programmes 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 programmes. 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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