INTERVAL INTERNATIONAL AFFILIATES INN AT PELICAN BAY
Condominium-Hotel Located in Highly Demanded Naples, Florida
MIAMI, FL, April 6, 2006 — Interval International, a leading global exchange company, and Gates McVey Capital Group, LLC announced today the affiliation of the Inn at Pelican Bay, a condominium-hotel in Naples, Florida. Gates McVey, a fully integrated construction, real estate, mortgage, development and hospitality firm providing services throughout the state of Florida, recently completed a $3 million renovation of the entire property, including the exterior and grounds.
The boutique style hotel has 100 guest rooms, most with private balconies offering lakeside views. The spacious units feature designer touches in every aspect of the fresh traditional décor and in-room amenities, including LCD TVs, plush linens and towels, microwaves, mini fridges, coffee services, and wireless Internet access. Guests have access to the fitness center, heated pool and whirlpool, 24-hour concierge service, and the new Pelican Bay Community Center, an 8,000 square foot facility. The Inn also has a newly refurbished executive boardroom that provides meeting space for up to thirty people and a business center that is open to service customer needs 24 hours a day.
The property is located in the prestigious North Naples community of Pelican Bay, a highly demanded destination for vacation owners. Just a short walk from the white-sand beaches of the Gulf of Mexico, this locale offers visitors an array of recreational activities such as championship golf, tennis, and boating, as well as fine dining, shopping, and theater.
"We are excited to be working with Gates McVey as they enter the vacation ownership industry with this high-quality condominium-hotel project," said David Gilbert, executive vice president of resort sales and marketing for Interval International. "The owners at the Inn at Pelican Bay will enjoy the flexibility and added value that membership with Interval offers them."
"Gates McVey recognized early on the benefit that Interval International brought to our condominium hotel owners, and we are very pleased to have formed an affiliation with them," said Scott Lodde, president of GM Hospitality, LLC, a Gates McVey Company. "We plan to continue working with Interval International on additional properties we have under development in Naples, Bonita Springs, and Fort Myers, Florida.
Further reinforcing the value of ownership at Pelican Bay, all new purchasers will become individual members of Interval International, as well as Interval Gold® - the industry's first and foremost value-added, membership upgrade program. This entitles them to enjoy an extensive array of discounts and services, including access to a personal concierge service available 24 hours a day - seven days a week, and worldwide hotel and dining discounts provided by best-in-class hospitality and travel industry vendors. Interval Gold members have the opportunity to exchange their accommodations for those at other resorts in Interval's worldwide network, as well as the ability to relinquish their resort weeks toward the purchase of cruise, golf and spa vacations. In addition, members receive quarterly travel magazines and newsletters, printed and electronic international resort directories, and a host of other privileges.
About Gates McVey Capital Group, LLC
Gates McVey, headquartered in Naples, Florida, is a fully integrated construction, real estate, mortgage, development and hospitality firm providing services throughout the state of Florida. Gates McVey was founded over ten years ago as a general contracting company and has since developed a reputation as the quality leader building and developing hotels, luxury condominiums, retail and office centers, and a variety of commercial, medical and institutional construction projects. In 2004 Gates McVey expanded from its Southwest Florida base to join forces with nationally respected partners, REDICO and The Crawford Group, bringing over 75 years of additional experience with office, commercial, industrial, and residential property projects. GM Hospitality, LLC, and its partners have undertaken condominium hotel projects in Fort Myers, Naples, and Aventura, Florida, Avon, Connecticut, and will be developing future projects throughout the State of Florida.
About Interval International
Interval International, a leading vacation ownership exchange company, is celebrating 30 years of quality and innovation. Interval has a global network of more than 2,000 affiliated resorts in over 75 countries, and serves its developer clients and nearly 1.8 million member families through 28 offices in 19 countries. The company provides a variety of services and year-round travel-related benefits to enhance members' vacation experiences. Headquartered in Miami, Florida, Interval International is part of IAC, which operates leading and diversified businesses in sectors being transformed by the Internet, online and offline. Other IAC companies include Ask.com, Citysearch, Entertainment Publications, HSN, LendingTree, and Ticketmaster.
