INTERVAL INTERNATIONAL SIGNS MASTER AFFILIATION AGREEMENT WITH INNSEASON RESORTS
Miami, FL, May 18, 2005 – Interval International and InnSeason Resorts announced that they have entered into a long-term master affiliation agreement, which comprises all existing and future properties, as well as the newly formed InnSeason Vacation Club. Industry veterans William Curran and Dennis Ducharme established InnSeason Resorts in 2004 with the mission of delivering their thousands of guests each year a singular " Northeast Experience TM " distinguished by superior accommodations and its own brand of customer service.
"Billy and Dennis are long-time clients who fully appreciate the value that memorable resorts and great service add to our quality vacation network," commented Craig M. Nash, chairman and chief executive officer of Interval International. "We are proud to extend our relationship with such respected developers as they realize their dream to launch the InnSeason Resorts brand."
The agreement encompasses nine InnSeason Resorts, including InnSeason Resorts South Mountain and InnSeason Resorts Pollard Brook located in Lincoln , New Hampshire ; InnSeason Resorts The Falls at Ogunquit located in Ogunquit , Maine ; InnSeason Resorts Captains Quarters and InnSeason Resorts HarborWalk located in Falmouth , Massachusetts .
"We are passionate about our vacation owners getting nothing but the best in accommodations, service, and hospitality when they visit our resorts in the Northeast," said Billy Curran, chief executive officer of InnSeason Resorts. "Because Interval shares our commitment to excellence, Dennis and I look forward to continuing to partner with them to fully develop and build the InnSeason brand."
"Showcasing the beauty and the character of Northeast region is a goal that we've had for many years," added Dennis Ducharme, InnSeason Resorts managing partner. "Creating InnSeason Resorts brings that dream full circle and allows us the opportunity to host visitors in the unforgettable way Billy and I envisioned all those years ago."
Further reinforcing the value of ownership at InnSeason Resorts , 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.
In addition to featuring Interval Gold at point-of-sale, InnSeason Resorts also offers Interval's Leisure Time Passport program. This membership product reinforces the value of timesharing by making an array of travel and leisure benefits and services similar to those enjoyed by Interval Gold members available to non-purchasers.
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 InnSeason Resorts
InnSeason Resorts ® is the regional brand of family-oriented resorts that combines the marketing resources of Curran Management Services and its founder and president, Billy E. Curran; and the development and operations expertise of Dennis M. Ducharme, RRP, the organization's executive vice president. Curran, president of Curran Management Services (CMS), Inc., the largest timeshare marketing company in the Northeast, has been a sales and marketing executive for more than 25 years and the developer of resorts on Cape Cod and in Maine. Ducharme, who directs the companies' real estate development and property management operations, has developed several resorts, including New England 's largest purpose-built vacation ownership resort on Cape Cod . In 1994, he began the re-development of Pollard Brook Resort at Loon Mountain , now New Hampshire 's only 5-Star vacation ownership resort.
Their new brand, InnSeason Resorts ® is currently one of the largest developers in the region employing more than 700 New Englanders and providing over 100,000 customers with ownership opportunities, and managing over 219,000 lodging nights each year across 9 hotel, timeshare and condominium properties in the Northeast.
InnSeason Resorts ® recently introduced its state-of-the-art Vacation ClubT, a point-based program offering vacation owners much more flexible travel programs, and "Lifestyle Benefits" a unique value added program offering year round discounts to participating members.
For additional information visit: www.InnSeason.com or contact Scott MacGregor, RRP, Chief Financial Officer, telephone 508-957-1800.
