Grand Laguna Beach in Dominican Republic Selects Interval International to
Provide Vacation Services
MIAMI, Oct. 22, 2009 (GLOBE NEWSWIRE) -- Interval International, a leading
global provider of vacation services and an operating segment of Interval
Leisure Group (Nasdaq:IILG), announced the addition of Grand Laguna Beach in the
Dominican Republic to its vacation exchange network. Currently under
construction, the purpose-built, mixed-use resort is being developed by
Inversiones Internacionales del Caribe, S.A., which is led by president Tim
Neeb, a well-respected developer in Canada.
"We are proud that Inversiones Internacionales has chosen to affiliate its first
Caribbean resort with our company," said David Gilbert, executive vice president
of resort sales and marketing for Interval International. "Our members will be
able to vacation at this high-quality property while visiting Puerto Plata, one
of the most popular destinations in the region."
The resort is being built on one of the few remaining beachfront sites on the
north shore of the island between the towns of Sosua and Cabarete. Current plans
call for both whole ownership and vacation ownership units, ranging in size from
studios to three-bedrooms. The unit design is a simple, elegant style patterned
after the old-world ambience of colonial architecture and will include gracious
living and dining areas; a state-of-the-art kitchen equipped with stainless
steel appliances and granite counter tops; and a spacious terrace.
"We are very pleased to be working closely with Interval because its commitment
to delivering the highest quality service and products parallels our corporate
philosophy," noted Neeb. "We have taken great care to ensure that our product is
built using the finest materials and craftsmanship and that our owners and
guests receive personalized attention. Whether staying at Grand Laguna or
exchanging their vacation through Interval, they will have access to first-rate
accommodations and a wide range of valuable services."
Resort amenities are anticipated to include a fine-dining restaurant with a
cigar lounge and wine bar, an outdoor bar, beachside casual dining, two pools,
an on-site grocery store, a fitness area, a 24-hour concierge, and the In-Sense
Spa.
Grand Laguna Beach has retained Coral Hospitality Corporation (CHC) in the
Dominican Republic to provide resort management and sales and marketing
services. CHC has been operating resorts and hotels in the Caribbean for nearly
20 years.
The Dominican Republic's diverse history, rich heritage, and extraordinary
natural setting attract numerous visitors to the island every year. The spirit
and charm of this vibrant vacation destination is captured in its music, food,
and national pastimes. It is renowned for its unique cultural events, exotic
cuisine, annual music festivals, handcrafted cigars, and baseball. Visitors also
enjoy the balmy year-round temperatures, sandy beaches, tropical forests studded
with spectacular waterfalls, and breezy tropical winds.
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 33 years. Today, Interval has a network
of approximately 2,500 resorts in more than 75 countries and offers its resort
clients and about 2 million member families high-quality products and programs
through offices in 26 cities in 16 countries. 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.
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CONTACT: Interval International
Beatrice de Peyrecave
305-666-1861, ext. 7032
Beatrice.dePeyrecave@intervalintl.com
