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INTERVAL INTERNATIONAL AFFILIATES PLAYA DEL SOL RESORT COMMUNITY IN KELOWNA

Condo–hotel Project Located in Canada's Okanagan Valley

MIAMI‚ FL‚ May 11‚ 2005 — Interval International and Cove Properties Ltd. announced the affiliation of Playa del Sol‚ a planned resort community that includes hotel condominiums‚ in Kelowna ‚ British Columbia ‚ Canada . Cove has extensive experience in high–end residential condominiums throughout western Canada and its projects‚ including Playa del Sol and Vetro/Sasso Towers‚ have been featured in Calgary Luxury Lifestyle magazine.

Currently under construction‚ Playa del Sol will feature six levels‚ including 283 one–‚ two–‚ and three–bedroom condo–hotel units. Each unit interior has been designed to reflect a combination of comfort and modern style with high–tech lighting‚ micro stereo system with DVD‚ TV/DVD for each bedroom‚ walk–in closets‚ maple cabinetry‚ full kitchens‚ storage areas‚ and more. Owners will have access to concierge and housekeeping services‚ along with 24–hour check–in and bell service.

The property will include 11‚000 square feet of retail space offering owners and guests access to a restaurant‚ coffee cafe‚ wine store/bar‚ and fully appointed spa. The resort also features a master–planned health club that combines cascading pools‚ exercise equipment‚ sauna‚ steam room‚ outdoor swimming pool‚ and hot tubs. In addition‚ conference rooms‚ a business center complete with Internet access‚ barbeque areas‚ a movie theatre‚ and separate game rooms for adults and children complete the range of on–site amenities.

Playa del Sol is located in the heart of the Okanagan Valley ‚ just 90 miles north of the United States border and easily accessible by air or car from Seattle ‚ Vancouver ‚ and Calgary. This locale offers a uniquely varied landscape and year–round temperate weather that makes it possible for visitors to enjoy an array of recreational activities such as golf‚ water sports‚ hiking‚ climbing‚ horseback riding‚ skiing‚ and snowboarding. The area has also gained worldwide renown for its wineries‚ which today number nearly 60 and represent more than 200 miles of vineyards.

“Our members will truly enjoy this upscale‚ multi–faceted resort located in such a spectacular part of the world‚” commented Craig M. Nash‚ chairman and chief executive officer of Interval International. “Because this is Cove Properties’ first resort to offer its owners the flexibility and added value of exchange‚ we look forward to working with them to custom design their program.”

“The great value of the Interval exchange program is something Cove is very proud to offer our buyers at Playa del Sol. With the on–site quality of the resort’s amenities‚ Okanagan Lake only steps away‚ and our attention to every detail at Playa del Sol‚ this luxury resort will provide a special vacation experience for owners and visitors alike‚” noted Grant Klapstein‚ Cove’s president.

Further reinforcing the value of ownership at Playa del Sol‚ all new purchasers become members of Interval Gold ® – the industry’s first and foremost value–added‚ membership upgrade program. This entitles them to enjoy an extensive array of discounts and services‚ including access to a personal concierge service available 24 hours a day – seven days a week‚ and worldwide hotel and dining discounts provided by best–in–class hospitality and travel industry vendors. Interval Gold members have the opportunity to exchange their accommodations for those at other resorts in Interval’s worldwide network‚ as well as the ability to relinquish their resort weeks toward the purchase of cruise‚ golf and spa vacations. In addition‚ members also receive quarterly travel magazines and newsletters‚ printed and electronic international resort directories‚ and a host of other privileges.

About Interval International
Since 1976‚ Interval International has led the vacation ownership industry with its hallmarks of quality and innovation. Interval has a global network of over 2‚000 resorts in 76 countries‚ and serves its developer clients and more than 1.7 million members  worldwide timeshare vacation owners – through 27 offices in 18 countries. Interval provides a variety of exchange services and year–round travel related benefits to enhance member vacation experiences. Headquartered in Miami ‚ Florida ‚ Interval International is part of IAC‚ which operates leading and diversified businesses in sectors being transformed by the Internet‚ online and offline. Other IAC companies include Ticketmaster‚ HSN‚ Lending Tree‚ Citysearch‚ and Entertainment Publications.

About Cove Properties Ltd.
Cove Properties specializes in multi–family residential and recreational living. Beyond the careful craftsmanship‚ first–class specifications‚ and leading technologies Cove builds into every property‚ its developments also offer extensive amenities and lifestyle opportunities. Cove has garnered a reputation as a developer that advances new concepts in condominium design while focusing on superior locations and utilizing first–class finishes in all of its projects. For more information regarding this resort‚ please visit www.playadelsolkelowna.com 



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Interval International, 6262 Sunset Drive, Miami, FL 33143
www.intervalworld.com    www.resortdeveloper.com