INTERVAL INTERNATIONAL ADDS JINFENG YINHUA HOLIDAY HOTEL IN CHINA TO GLOBAL VACATION EXCHANGE NETWORK
London, 10 August 2011 – Interval International, a prominent worldwide provider of vacation services and an operating business of Interval Leisure Group (Nasdaq: IILG), has expanded its global resort network with the addition of Jinfeng Yinhua Holiday Hotel, part of the Shengteng Vacation Club. In the UNESCO World Heritage Site of Lijiang City, China, the vacation ownership apartments offer the ideal vantage point from which to explore the history and customs of the Naxi people, who have lived in Yunnan Province for 800 years.
"Lijiang City is one of China's most popular destinations, renowned not only for its cultural heritage, but also for its stunning surroundings and unique festivals," said Joe Hickman, Interval’s executive director for Asia Pacific. "The hotel’s authentic Naxi architecture – distinguished by sloping tile roofs, gates, and classical courtyards – blends seamlessly with the historic hotels and farms of the Old Town, while offering up-to-the-minute style and amenities."
Tucked into cobbled Guailiu Lane in the willow-shaded Shuhe Old Town, Jinfeng Yinhua Holiday Hotel has a restaurant and separate tea and wine bars on site. All units have sleek, modern decor. Nearby, Jade Dragon Snow Mountain provides a majestic backdrop for the Moon Embracing Pavilion, a frequently visited tourist site at Black Dragon Pond. Other popular attractions include Dongba hieroglyphs and the Mosuo people at Lugu Lake, known as the "last kingdom of women on earth.”
The legendary Lijiang City is situated in the mountains of Yunnan Province, in the far southwest of China. Owing to its low latitude and high elevation, the climate is generally mild year-round, with an annual mean temperature of 12.7°C (54.9°F).
"Lijiang City is a harmonious combination of old traditions and a fashionable new city," said Wang Xinming, President of Shengteng Resort Development Co. Ltd. "We are pleased to welcome Interval members to this part of China and to offer our Vacation Club members the quality and worldwide scope of Interval’s exchange network.”
The People's Republic of China is one of the original members of “BRICS” (Brazil, Russia, India, China and South Africa), the acronym for countries at a similar stage of newly advanced economic development. Interval International has held Shared Ownership Investment Conferences in Beijing, Macau, and Shanghai to educate prospective entrants, lenders, and government officials about shared ownership and resort development opportunities.
About Interval International
Interval International operates membership programmes for vacation owners 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 35 years. Today, Interval has an exchange network of approximately 2,600 resorts in over 75 nations. Through offices in 15 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 membership and leisure services to the vacation industry.
