INTERVAL INTERNATIONAL AND CLC WORLD SIGN
GLOBAL MULTI-YEAR AGREEMENT
Miami, Florida, and Málaga, Spain, November 6, 2012 – Interval International, a prominent worldwide provider of vacation services and an operating business of Interval Leisure Group (Nasdaq: IILG), and CLC Resort Developments Limited, one of Europe’s leading providers of mixed-use holiday products under the Club La Costa World (CLC World) brand, today announced a long-term master affiliation agreement. The contract encompasses CLC World’s vacation ownership business in Europe, Australia, and the United States, in top holiday destinations. It includes future properties that the company develops, acquires, or operates during the term of the agreement.
CLC World also selected Interval to handle reservation services for purchasers at its U.S.-based club, as well as offer a comprehensive package of other benefits and programs tailored to fit its members’ needs.
“We chose to partner with Interval at this exciting time in our history because they too are focused on exceeding customer needs and expectations, and that is exactly what we need as we expand our operations in the U.S. Interval delivers tremendous quality in its products and services and we are confident that new members will be very satisfied with the choice of exchange and travel opportunities to which they will have access,” said Roy Peires, chairman and founder of CLC World.
Craig M. Nash, chairman, president, and CEO of Interval Leisure Group, added, “I’ve known Roy for more than 20 years and have always held him in the highest regard as one of the industry’s most respected and pioneering leaders. It’s truly an honor to now have the opportunity to work with him and his team, as they continue to grow their successful business.”
CLC World resorts, with their superb locations, quality accommodations, and wide range of first-class amenities and facilities, reflect the company’s innovative style. One of the latest additions to its impressive portfolio is the 372-unit Encantada in Orlando, its first resort in the U.S. A second property in the world’s leading theme park destination is scheduled to be completed in 2015.
Beginning in 2013, new purchasers at CLC World resorts will become members of Interval International, entitling them to a host of year-round benefits, including the opportunity to redeem their points for stays at other resorts in Interval’s global network. Buyers of CLC World vacation products in the U.S. will also become members of Interval Gold® and enjoy a number of upgraded benefits, including discounts on Getaway vacation rentals; ShortStay Exchange®; a personal concierge service available 24/7 via phone and e-mail; Hertz #1 Gold® membership; and special offers at hotels, restaurants, and retail outlets worldwide.
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 has an exchange network of approximately 2,700 resorts in more than 75 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 membership and leisure services to the vacation industry.
About CLC World
CLC World Resorts & Hotels is a leading provider of mixed-use holiday products that include vacation ownership, holiday rentals, fractional and outright property ownership, in Europe and beyond. The private members' club that began in 1984 – achieving over 50,000 members – has a portfolio of 28 mixed use resorts worldwide, including the U.K., Spain, Tenerife, Austria, Turkey, Australia, and the U.S., as well as the Club La Costa Yacht Club, with further expansion plans imminent.
