ESTABLISHED BRAZIL DEVELOPER MANTRA GROUP ENTERS SHARED OWNERSHIP INDUSTRY
Miami, Florida, September 30, 2015 – Interval International, a prominent worldwide provider of vacation services and an operating business of Interval Leisure Group (Nasdaq: IILG), announced that Mussulo Resort by Mantra, on Brazil's northeastern coast, has joined its global exchange network. Near the town of Conde in the state of Paraíba, Mussulo Resort is one of the first all-inclusive resorts in the region.
"We have carefully evaluated the viability of shared ownership and have selected Interval as our partner for this new venture. We know that the company's expertise and vision will play a vital role in our success," said Tony Lemom, CEO of the Mantra Group.
"With its extensive experience in development and management, the Mantra Group is a great company with which to associate, as we continue to expand Interval's presence in Brazil," said Marcos Agostini, Interval's senior vice president of resort sales and business development for Latin America. "The addition of Mussulo Resort provides our members with another appealing all-inclusive vacation option, which is significant because more than two-thirds of Brazilian members surveyed have an interest in staying in all-inclusive resorts."
"We are delighted to enter the shared ownership industry with this new property," said Sergio Carmi, director of Mantra Vacation Club. "We believe our quality all-inclusive product will be very well received by consumers in Brazil who have the means to travel and are looking for different vacation experiences. Our affiliation with Interval is the perfect complement to our strategy."
Set within a tropical paradise of 24 acres, the resort is 875 yards from Carapibus Beach, where natural barrier reefs create warm, clear-water pools at low tide. The property includes 102 one- and two-bedroom bungalows constructed of local woods and materials. Each is furnished with items handcrafted in Brazil and Angola in northeast Africa, home to one of Mantra Group's founders. Bungalows feature a living room, kitchenette, cable TV, complimentary Wi-Fi, and scenic ocean views.
On-site amenities and services include the beach, two swimming pools, multi-sport and beach volleyball courts, a fitness center, spa, beauty salon, game room, kids' club, two restaurants, and babysitting. Guests also may take a free shuttle to the exclusive Mussulo Beach Club on Tabatinga Beach, which includes another restaurant, and is just over a mile (2 kilometers) away.
The Conde coast is a mecca for national and international visitors because it offers some of the world's most beautiful beaches, national parks, virgin forests, picturesque colonial architecture, vibrant cultural heritage, traditional Afro-Brazilian dance and music, and varied cuisine. Opportunities for water sports abound. The resort is 16 miles from João Pessoa, the capital of Paraíba, where there are restaurants, shopping, and entertainment options.
New purchasers at Mussulo Resort by Mantra will be enrolled as individual members of Interval International, entitling them to a host of year-round benefits, including the opportunity to exchange their weeks for stays at other resorts in Interval's global network.
About Interval International
Interval International operates membership programs for vacationers and provides value-added services to its developer clients worldwide. Based in Miami, the company has been a pioneer and innovator in serving the vacation ownership market since 1976.
Today, Interval's exchange network comprises more than 2,900 resorts in over 80 nations. Through offices in 16 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 business of Interval Leisure Group, Inc. (Nasdaq:
IILG),
a leading global provider of non-traditional lodging, encompassing a portfolio of leisure businesses from exchange and vacation rental to vacation ownership.
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For more information contact:
Beatrice de Peyrecave , Interval International
Beatrice.dePeyrecave@intervalintl.com
305.925.7032
