October 24, 2016
Interval International Signs Exclusive, Long-Term Affiliation Agreement with Las Olas Ocean Resort

Miami, Florida, October 24, 2016 Interval International, a prominent worldwide provider of vacation services and an operating business of ILG (Nasdaq: ILG), announced the affiliation of the fractional residences at Las Olas Ocean Resort in Ft. Lauderdale, Florida. The upscale beachfront, mixed-used property is being developed by Seabreeze Development and is scheduled for completion in spring 2017.

The 136-room, full-service hotel will offer a prime location with breathtaking vistas of the Atlantic Ocean, Bahia-Mar Marina, and the Intracoastal Waterway. Steps away, guests can enjoy the downtown area, and famed Las Olas Boulevard, known for its boutique shops, art galleries and world-class dining options.   

“We’re very pleased to be working with the Seabreeze team,” said Neil Kolton, Interval’s director of resort sales and service for the Caribbean and Florida. “Their years of experience combined with such a distinctly sophisticated product will offer owners and guests world-class vacations.”

“Our affiliation with Interval allows us to enhance our offering with valuable perks and benefits that will appeal to our upscale clientele,” said Ray Parello, a partner with Seabreeze Development. “We look forward to working with Interval to provide our owners with opportunities to explore new destinations and unique leisure experiences around the world.”    

Fully furnished studio units with water views will feature nine-foot ceilings, floor-to-ceiling windows, and will be decorated in striking blue and white hues with beach-inspired accents. Luxurious resort amenities will include VIP Lounge, private Ocean Club facility, pool and pool bar, meeting room, fitness center, concierge, state-of-the-art automated parking system, and 24/7 reception desk. Owners and guests will also enjoy popular retail restaurants and cafes onsite.

As a member of Preferred Hotels & Resorts, Las Olas Ocean Resort becomes part of one of the finest and most diverse global portfolios of independent hotels.  Every property within the portfolio is expected to maintain the high quality standards and unparalleled service levels required by the Preferred Hotels & Resorts Integrated Quality Assurance Program.

New owners who purchase at Las Olas Ocean Resort 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 exchange their resort week toward a cruise, tour, golf, or spa vacation; ShortStay Exchange®; Hertz Gold Plus Rewards® membership, which gives them the opportunity to earn bonus points for up to two free weekend rental days; discounts on Getaway vacation rentals; special offers at hotels, restaurants, and retail outlets worldwide; and VIP ConciergeSM for personal assistance, 24/7.

About Seabreeze Development

Based in South Florida, Seabreeze Development has developed more than 15 million square feet of upscale hotels, condominiums, shopping centers and clubs. The company’s principals have more than five decades of combined experience working in development, finance, and construction. For more information, visit www.lasolasoceanresort.com.

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 more than 3,000 resorts in over 80 nations. Through offices in 15 countries, Interval offers high-quality products and benefits to resort clients and approximately 2 million families who are enrolled in various membership programs. Interval is an operating business of Interval Leisure Group, Inc. (Nasdaq: ILG), a leading global provider of professionally delivered vacation experiences.


Yvette Batalla