PACIFIC MONARCH RESORTS, INC. RENEWS LONG-TERM AFFILIATION AGREEMENT WITH INTERVAL INTERNATIONAL
Miami, Florida, October 14, 2008 – Pacific Monarch Resorts, Inc. and Interval International, a leading provider of vacation services, have renewed their long-term affiliation agreement, extending a relationship that dates back to 1988. The agreement includes the California-based developer’s ten existing resorts, as well as future properties that are part of Monarch Grand Vacations Club.
“Our longtime partnership with Pacific Monarch Resorts is extremely important to our company, given the quality of its resorts, the strength of its management team, and its impressive sales performance over the past two decades,” said Craig M. Nash, chairman, president, and chief executive officer of Interval Leisure Group, parent company of Interval International. “We look forward to continuing to work with Mark Post and his team as they expand their very successful business.”
“We’ve come such a long way from the days back in the 1980s, when we developed our first project in Dana Point. Timesharing was just emerging in Southern California, but as we learned more about the industry, we could see what great potential it had,” said Mark Post, president and chief executive officer of Pacific Monarch Resorts, Inc. “Our company has grown along with the industry and today we’re proud to offer our owners an array of high-quality, service-oriented resorts in several highly demanded vacation destinations. We’re also proud to work with Interval, which has been a real partner in every way, helping us develop products and services tailored to meet our evolving needs.”
Pacific Monarch’s family of resorts includes: Riviera Beach and Spa Resort, Riviera Beach and Spa Resort II, Riviera Shores Resort, Riviera Oaks Resort, Palm Canyon Resort and Spa, and Desert Isle of Palm Springs in Southern California; Tahoe Seasons Resort in South Lake Tahoe, California; Canc?n Resort and Spa in Las Vegas, Nevada; Cedar Breaks Lodge and Spa in Brian Head, Utah; and its flagship property, Cabo Azul Resort and Spa, Los Cabos, Mexico.
Further reinforcing the value of vacation ownership, Pacific Monarch owners will be enrolled as individual members of Interval International, as well as Interval Gold®, its upgraded membership program. This gives them the opportunity to exchange their accommodations for those at other resorts in Interval’s worldwide network, as well as the ability to relinquish the use and occupancy of their resort weeks toward the purchase of cruise, golf, and spa vacations. They also will enjoy an extensive menu of additional benefits, including discounts on resort Getaways, access to a personal concierge service available 24 hours a day via phone and e-mail, complimentary Hertz #1 Gold® membership, and worldwide hotel and dining discounts.
In addition, Pacific Monarch offers its prospective owners the opportunity to participate in Leisure Time Passport, Interval’s trial membership program that allows consumers to experience vacation ownership and Interval Gold benefits, excluding vacation exchange.
About Interval International
Interval International operates membership programs 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 more than 30 years. Today, Interval has a network of over 2,400 resorts in excess of 75 countries and offers its resort clients and nearly 2 million member families high-quality products and programs through 27 offices in 17 countries.Interval is an operating segment of Interval Leisure Group, Inc. (Nasdaq: IILG), a leading global provider of membership and leisure services to consumers and business-to-business customers in the vacation industry.
About Pacific Monarch
Since its founding 19 years ago, Pacific Monarch Resorts, Inc. has gained an exemplary reputation as a leader in resort development, offering exceptional value with the highest level of professional hospitality and resort management expertise. With more than 100,000 guest arrivals enjoying their vacations each year at ten locations offering more than 1,550 luxury villas, its legacy is prominent in the industry.
