INTERVAL INTERNATIONAL AND SPINNAKER RESORTS EXPAND AND
ENHANCE RELATIONSHIP WITH MULTI-SITE AGREEMENT
Miami, Florida, November 4, 2010 – Interval International, a prominent worldwide provider of vacation services and an operating segment of Interval Leisure Group, Inc. (Nasdaq: IILG), today announced that it has expanded and enhanced its relationship with Spinnaker Resorts, a leading independent vacation ownership company, with the execution of a long-term, multi-site affiliation agreement. Under the terms of the new contract, Spinnaker has renewed the affiliation of two existing resorts in Hilton Head Island, South Carolina, and has affiliated its Spinnaker Flex Options program adding three resorts on the island to the Interval Network. The agreement also encompasses two resorts in Branson, Missouri, as well as a new project in Ormond Beach, Florida.
Spinnaker’s owners enjoy Interval’s vacation exchange services, as well as an array of other leisure programs and benefits that reinforce the value proposition of their purchase. Craig M. Nash, chairman, president, and chief executive officer of Interval Leisure Group, parent company of Interval International, noted “Our relationship with Spinnaker has been very collaborative. We are proud that they are entrusting more of their business to us, particularly now that they are extending their presence in some of the most highly demanded vacation ownership markets.”
Carolyn Oliver, Spinnaker Resorts’ executive director echoed that sentiment. “This is a very exciting time for our company, as we continue to invest in the development of new resort product. Interval and Spinnaker share a mutual commitment to exceeding the expectations of our owners and members and we look forward to continuing to work together in a complementary way to achieve this important goal.”
Although its properties are located in markets that offer different vacation experiences, Spinnaker Resorts’ signature is evident from the architectural elements that reflect the local landscape to first-rate resort amenities, including state-of-the-art swimming pool areas, health and fitness facilities, and a host of recreational programs.
The resorts on Hilton Head Island, acclaimed as one of the “Top Ten North American Island” locations according to the Conde Nast Traveler: 2010 Readers’ Choice Awards, include Bluewater Resort and Marina; The Carolina Club; Egret Point; Southwind; and Waterside. In Branson, Missouri ? the popular family entertainment destination in the heart of the Ozark Mountains ? are Palace View Resort and Palace View Heights, currently under construction. The Royal Floridian South rounds out the portfolio and is located right on the sand in Ormond Beach, Florida.
Owners who purchase at one of the Spinnaker Resorts are enrolled as individual members of Interval International, as well as Interval Gold®, an upgraded level of membership. In addition to the opportunity to exchange their accommodations for those at other resorts in Interval’s worldwide network, they can relinquish their resort weeks toward the purchase of cruise, golf, and spa vacations. They also enjoy an extensive menu of Gold benefits, including discounts on resort Getaways, ShortStay Exchangesm, access to a personal concierge service available 24 hours a day via phone and e-mail, complimentary Hertz #1 Gold® membership, and worldwide hotel and dining discounts.
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 14 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.
