TAU RESORTS JOINS INTERVAL INTERNATIONAL
Miami, FL, June 24, 2010 – Interval International, a prominent worldwide provider of vacation services and an operating segment of Interval Leisure Group (Nasdaq: IILG), welcomes Tau nahui and Tau Santa Maria in Nayarit, Mexico, to its exchange network. With these two properties, Tau Resorts—a new entrant into the shared ownership industry—establishes the foundation for its collection of beachfront and boutique eco-resorts.
“We’re very pleased to be working with Tau Resorts, a partnership between two companies—Guadalajara-based C&C Capital, and Nayarit-based GEN Investments—that have more than 20 years of combined experience in development, management, and operations,” said Marcos Agostini, vice president for Latin America, resort sales and service, Interval International. “These resorts will give our members the opportunity to experience some of the rich cultural traditions and ecological diversity of this region.”
Tau nahui is the first beachfront vacation ownership project in the portfolio and will be part of a 2,100-acre mixed-use community located on three miles of coastline on Banderas Bay, north of Puerto Vallarta. The property will feature 168 two-bedroom units, with its initial phase scheduled for occupancy by early 2011. Each unit will include elegant contemporary furnishings crafted of fine wood, state-of-the-art appliances and electronics, and a spacious terrace. Two additional phases are slated for completion by late 2012. Plans also call for up to 450 private residences and a 100-room hotel.
Owners and guests at Tau nahui will have access to a full range of amenities, including a private beach club and water sports center on the renowned Playa Destilederas, an 18-hole golf course, and miles of hiking trails. They will also be able to visit Pueblo nahui, a pedestrian village that offers restaurants, shops, cafés, entertainment venues, and cultural activities.
“As a development group focused on creating high-quality resorts in Pacific Mexico, we chose to work with Interval because the company is a leader in the vacation ownership industry and will offer our discriminating owners valuable travel and leisure benefits and services,” noted Hector Cardenas, President, C&C Capital.
Tau Santa Maria is a rustic-style resort situated on the shores of a lake in a dormant volcano northeast of Puerto Vallarta. The crystal-clear, mineral-rich lake waters are warmed by thermal currents and surrounded by lush vegetation. This pristine setting is a haven for nature-lovers—especially birdwatchers. On-site amenities include a restaurant, extensive gardens,swimming pool, multiple water sports, and adventure-oriented activities.
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.
