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AQUARIUS VACATION CLUB® AT BOQUERÓN BEACH AFFILIATES WITH INTERVAL INTERNATIONAL

Miami, FL, June 1, 2005 — Interval International, a leading global vacation exchange company, announced the affiliation of the Aquarius Vacation Club® at Boquerón Beach in Cabo Rojo, Puerto Rico. The purpose-built beachfront resort is being developed by Mora Development Corporation on six acres of land in the quaint fishing village of Boquerón. The plans include 66 condominium units and 44 timeshare units scheduled to open in winter 2005-2006.

"We were very proud to support Mora Development's entry into the vacation ownership industry in 2001 and believe that this new resort will build on their success," said David C. Gilbert, executive vice president of resort sales and marketing for Interval International. "The company continues to live up to its well-deserved reputation of developing quality properties in highly-desirable locations like Boquerón Beach, one of the most popular beaches on the west coast of Puerto Rico."

Adjacent to the resort are the Balneário de Boquerón - two miles of undeveloped beachfront protected as a nature reserve - and a local marina. A bridge will connect the resort to the downtown area of the village, where guests can partake of the local culture, local cuisine, and nighttime entertainment.

"We are pleased to be in the first phase of construction of the Aquarius Vacation Club® at Boquerón Beach and see our vision for this venue coming to fruition," said Cleofé Rubí, president of Mora Development Corporation. "We are also delighted to have Interval International as our exchange partner for this project because they have always provided us with invaluable support to launch our properties."

Further reinforcing the value of ownership at Aquarius Vacation Club® at Boquerón Beach, 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.

"We intend to develop a first-class resort and are thrilled to be affiliated with Interval International," said Alejandra Padin, director of sales and marketing, Aquarius Vacation Club. "In so doing, we have made available the impressive selection of global resorts that are part of its network to our members, as well as the wide range of benefits and services they provide."

The Caribbean has proven itself to be a very popular destination among current owners of the vacation ownership product. According to the 2003 U.S. Membership Profile, a study of Interval International United States based members, conducted by Simmons, an Experian Company, the Caribbean was ranked as the number one destination of choice by members when traveling internationally.

As a Strategic Partner of the Caribbean Hotel Association (CHA) and a Board Member of the Caribbean Tourism Organization's Education Foundation, Interval has been a long time supporter of the tourism industry in the Caribbean. Interval is committed to understanding the unique needs of the Caribbean region and providing products and programs tailored to this market.

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.​



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