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INTERVAL INTERNATIONAL AFFILIATES PLAZA SAN MARTÍN SUITES

Miami, FL, August 6, 2003 – Interval International, a leading global vacation exchange company, today announced the affiliation of Plaza San Martín Suites, a vacation-ownership resort in Buenos Aires, Argentina.

"We are delighted to be adding this upscale property to our global exchange network,” said Marcos Agostini, Interval’s region director for the Caribbean and Latin America in the Resort Sales and Service Department. “It provides our members with the opportunity to stay at a highly desirable urban resort in a prime location.”

Buenos Aires is an increasingly popular destination due to the favorable exchange rate. The number of foreign visitors grew 218% in the first five months of 2003 compared to the same period in 2002.1

Located in the heart of the city on the elegant Santa Fe Avenue and near the financial district, Plaza San Martín Suites has 58 purpose-built units. Plaza San Martín, famous for its wide variety of trees and peaceful park setting in the middle of Buenos Aires, is just a block away. The property is also in close proximity to popular tourist attractions such as theaters and exclusive shopping centers like Patio Bullrich and Galerías Pacífico, a refurbished turn-of-the-century building that boasts murals by prominent Argentine artists and houses the Borges Cultural Center.

Plaza San Martín Suites feature numerous on-site and nearby amenities including a fitness center, whirlpool spa, convenience store, restaurants, bar and cocktail lounge, live entertainment, casino gambling, tennis, horseback riding, golf, fishing, and indoor and outdoor swimming pool.

The resort was designed by Mario Roberto Alvarez and developed by Carlos A. Pustelnik, general manager and co-owner of Ingeniería Pustelnik S.A., a construction company with more than 50 years experience in hospitality industry.

Owners at Plaza San Martín Suites become members of Interval International, and have the opportunity to exchange their accommodation for those at the other quality vacation-ownership resorts in Interval’s worldwide network. Members also receive value-added benefits,including access to specially priced travel and leisure services, consumer discount programs, quarterly travel magazines, international resort directories and a host of other privileges.

For more than 27 years, Interval International has led the vacation ownership industry with innovative products and the highest levels of quality, service and value complemented by a global network of 2,000 resorts in 75 countries. With its headquarters located in Miami, Florida, Interval serves its developer clients and more than 1.5 million members through 27 offices in 18 countries and employs nearly 1,600 people worldwide. Interval International is an operating business of IAC, formerly known as USA Interactive.

For more information on Interval International, contact:
Marcos Agostini, region director for the Caribbean and Latin America, Resort Sales and Service Department, telephone: 305-666-1861 ext. 7087; fax: 305-668-3466; e-mail: Marcos.Agostini@intervalintl.com

1CEDEM, Secretaria de Desarrollo Economico del Gobierno de Buenos Aires.

CONTACT INFORMATION:
Béatrice de Peyrecave
(305) 666-1861, ext. 7032
Beatrice.dePeyrecave@intervalintl.com



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