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Interval International And CLC World Sign Global Multi-Year Agreement

Stocks in this article: IILG

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.

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