INTERVAL INTERNATIONAL AFFILIATES
SUN HILLS SUITES RESORT
London, England, June 25, 2004 - Interval International, a leading global vacation exchange, leisure lifestyle and travel-related benefits provider, today announced the affiliation of Sun Hills Suites Resort, a vacation-ownership resort located in Lebanon.
Situated in Lebanon’s flourishing capital city, Beirut, the resort is the perfect destination for guests who wish to experience the diverse culture and rich history of the Middle East. In addition to its Arab, Greek, Ottoman and Roman-influenced architecture and places of interest such as the Beiteddine Palace and the National Museum, visitors are never far away from the Mediterranean and all it has to offer. Once constructed, over 70 units will be available for exchange at the resort.
Upon completion of the resort, owners at Sun Hills Suites Resort will become members of Interval International. This provides the opportunity to exchange their home week for other accommodation in Interval’s Quality Vacation Exchange Network. Members also receive value-added benefits, including access to quarterly travel magazines, international resort directories and a host of other privileges.
Since 1976, 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 employs nearly 1,700 people worldwide and serves its developer clients and over 1.6 million member families through 26 offices in 17 countries. Interval provides its members - timeshare owners from around the world - with a variety of exchange services and year-round travel related benefits to enhance their vacation experiences. Interval International is an operating business of IAC.
InterActiveCorp (Nasdaq: IACI) is the world's leading multi-brand interactive commerce company. IAC consists of IAC Travel, which includes Expedia, Inc., Hotels.com, Hotwire, Interval International, and TV Travel Shop; HSN; Ticketmaster, which oversees ReserveAmerica; Match.com; Lending Tree; Precision Response Corporation; and IAC Local and Media Services, which includes Citysearch, Evite, and Entertainment Publications, Inc. IAC has entered into an agreement to acquire TripAdvisor, which is expected to close during the second quarter of 2004, subject to customary regulatory approvals.
