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First Bangladesh Property Added to Global Exchange Network

LONDON, 26 May, 2010 – Interval International, a prominent worldwide provider of vacation services and an operating segment of Interval Leisure Group, Inc. (Nasdaq: IILG), announced that Bengal Vacation Club at Sea Pearl Beach Resort and Spa has selected its quality global exchange network. The resort is the first affiliated property in Bangladesh and will be situated in Cox’s Bazar, one of area’s most popular tourist destinations.

Due for completion in October 2011, Sea Pearl Beach will offer guests miles of golden sands on the world’s longest natural white sand beach, which slopes down to the blue waters of the Bay of Bengal. Plans include a mixture of studios, one- and two-bedroom units with sea views. The resort is being built to adhere to eco-friendly standards that embody the principles of “recycle, renew, reuse, reduce, and rethink.”

“Bangladesh has a population of some 160 million and is visited by a large number of tourists from all over the world,” said Joe Hickman, Interval International’s executive director for Asia Pacific. “Easily accessible by air and road, we believe Sea Pearl and its spectacular beachfront location will offer our members an appealing new holiday choice.”  

The facilities are expected to include a clubhouse, cinema, restaurants featuring a variety of cuisines, indoor and outdoor swimming pools, tennis courts, and health club. Nearby amenities are boat rentals, horseback riding, and a selection of local restaurants. The beach is bordered by hills that run parallel to the sea for almost its entire length; towering cliffs; colourful, ancient pagodas; and Hindu temples that make it a natural attraction. Adding to the area’s charm are waterfalls, coral islands, and tribal villages.

 “We are pioneering the timeshare concept in Bangladesh and want to provide high-quality exchanges," observed Aminul Haque, chairman and chief executive officer of Sea Pearl Beach Resort and Spa Ltd, the developer of Bengal Vacation Club. "We decided to affiliate with Interval because we found its exchange and marketing programmes to be very effective and its quality network will complement our image. Their decision makers are very forthcoming and helpful, and we plan to affiliate our future resorts with Interval as well."      

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 for more than 34 years. Today, Interval has an exchange network of more than 2,500 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 segment of Interval Leisure Group, Inc. (Nasdaq: IILG), a leading global provider of membership and leisure services to the vacation industry.


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