INTERVAL INTERNATIONAL SIGNS EXCLUSIVE CLUB AFFILIATION AGREEMENT WITH YUNNAN CLOUDREAMS HOTEL MANAGEMENT
Miami, FL, May 3, 2016 – Interval International, a prominent worldwide provider of vacation services and an operating business of Interval Leisure Group (Nasdaq: IILG), and Yunnan Cloudreams Hotel Management, a subsidiary of Kunming City-Construction Real Estate Development Co. Ltd., announced an exclusive, multi-site club affiliation agreement. This currently encompasses three resorts in the Cloudreams Vacation Club: Pullman Lijiang Resort and Spa, Angsana Fuxian Lake, and Cloud Hotel Luoping, all in Yunnan province in southern China. Future properties developed over the term of the agreement will be included, as well.
"We have valued our relationship with Interval International and its dedicated executives since we attended one of its educational investment conferences. When we made the decision to enter the shared ownership industry, we chose Interval to assist in designing our club and to serve as our vacation exchange provider," said Li Jie, chairman of Kunming City-Construction Real Estate Development Co. Ltd. "Our properties offer different vacation experiences, and we plan to expand the club to give members and exchange guests even more opportunities to explore China's beautiful scenery, culture, and history."
"This well-established real estate company brings a fresh perspective to vacation ownership and is creating exciting new options for vacationers in this diverse and intriguing area," said David C. Gilbert, Interval's president.
Pullman Lijiang Resort and Spa is close to Old Town Lijiang, a UNESCO World Heritage Site in the northwestern part of Yunnan province and a top tourist destination. With a sophisticated, elegant aesthetic created by a fusion of modern and traditional Chinese architecture, the property includes 30 one-, two-, and three-bedroom villas with private courtyards and stunning views of the Jade Dragon Snow Mountain range. Among the on-site amenities are two restaurants, a fitness center, hot tubs, and library/living room area. The nearby Old Town encompasses cobblestone streets, canals, and a central market square with shops and restaurants that date back to the late Song dynasty (960-1279).
Angsana Fuxian Lake is on the shore of China's largest highland freshwater lake in an area sometimes referred to as the "Hawaii of the Highlands," an hour's drive from Kunming city. Framed by the Maotian Mountains, the resort features 35 units with unobstructed views of the lake and mountains. Within the 74-acre (30 hectares) grounds of the Angsana Fuxian Lake Hotel, Cloudreams Vacation Club members have access to a wetland park, fine dining, lakeside bar, full-service spa, indoor and outdoor swimming pools, state-of-the-art gymnasium, children's playground, game rooms, boating, tennis and basketball courts, and rock-climbing wall. Guests can visit the collection of prehistoric fossils at Maotian Mountain National Geopark approximately two miles (3.2 kilometers) away, and Luchong Banyan Forest just beyond, with its century-old trees.
Cloud Hotel Luoping, in Luoping County 140 miles (225 kilometers) east of Kunming, is renowned for its scenic landscape. Located in the center of Qujing city in the eastern part of the province, the 124-unit Cloud Hotel Luoping has several buildings designed in a grand architectural style, set around a picturesque lake and lush gardens. On-site amenities and services include two restaurants, bar, game room, hair salon, daily housekeeping, laundry, and room service. Spectacular landscapes surrounding the property draw nature photographers and outdoors enthusiasts to explore valleys painted gold by expanses of rapeseed flowers, majestic waterfalls and canyons, and ancient wood and bamboo forests along the Duoyi and Maling rivers.
"We are so pleased to have these unique resorts join Interval's global network. They exemplify the outstanding quality product coming onto the market in the Asia region," said Joe Hickman, Interval's vice president and executive director for Asia Pacific. "Yunnan province is an incredible destination for both domestic and international travel, and Lijiang has been one of my personal favorite places for leisure visits in China for many years."
Purchasers at Cloudreams Vacation Club will be enrolled as individual members of Interval International and will also become Interval Gold® members, entitling them to a number of flexible exchange opportunities and upgraded benefits and services. These include Interval Options®, the ability to use points toward a cruise, tour, guided holiday, and more; ShortStay Exchange®; Hertz Gold Plus Rewards® membership; discounts on Getaway vacation rentals; other special offers at hotels, restaurants, and retail outlets worldwide; and VIP ConciergeSM for personal assistance, 24/7.
About Interval International
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 since 1976. Today, Interval's exchange network comprises approximately 3,000 resorts in more than 80 nations. Through offices in 16 countries, Interval offers high-quality products and benefits to resort clients and about 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 vacation exchange and rental to vacation ownership.
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For more information contact:
Beatrice de Peyrecave, 305.925.7032
Beatrice.dePeyrecave@intervalintl.com
