Interval International, a prominent worldwide provider of vacation services and an operating business of Interval Leisure Group (Nasdaq: IILG), announced the addition of the shared ownership component of BD Cartagena Beach Club, a mixed-use resort on Colombia’s Caribbean coastline.
“We welcome BD Promotores Colombia to the industry with its new property in the Cartagena area,” said Marcos Agostini, Interval’s senior vice president of resort sales and business development for Latin America. “The destination’s popularity is reinforced by year-over-year increases in tourist arrivals. This growth, when coupled with consumer interest in shared ownership in Colombia, creates ideal conditions for BD Cartagena Beach Club to enter the market.”
“We are excited to expand our business interests and to work with Interval, an industry leader whose ongoing support has been instrumental in helping this project become a reality,” noted Venerando Lamelas, president of BD Promotores Colombia and the resort developer. “We also recognize that owning vacation time is very compelling to many consumers and are confident that BD Cartagena Beach Club will be one of the most appealing shared ownership properties in the country.”
Located in the exclusive area of Punta Canoa just 20 miles north of Cartagena’s old city, the resort will feature two-bedroom units with a spacious living-dining area and the latest electronics. Among the planned on-site amenities is a large open-air freshwater pool with a deck and cabanas. Owners and guests will also have access to the amenities at the adjacent hotel, such as restaurants with national and international cuisine, spa, gym, kids’ and teens’ clubs, equestrian center, 650-foot salt-water lake, tennis courts, and water sports. Additional activities available in the area include golf, hiking, and biking.
Cartagena is the fifth largest city in Colombia and a popular beach destination for national and international visitors. Declared a UNESCO World Heritage Site in 1984, the city combines Spanish colonial buildings, 400-year-old plazas, churches and museums with a vibrant nightlife, array of restaurants, busy local markets, and cultural festivals.
New purchasers at Cartagena Beach Club will become Club Interval Gold® members, entitling them to trade their week or convert it to points for maximum exchange flexibility. They also have access to a number of upgraded benefits and services that they can enjoy year-round, including Interval Options®, the ability to use points toward a cruise, tour, golf or spa vacation; ShortStay Exchange®; complimentary Hertz Gold Plus Rewards® membership; discounts on Getaway vacation rentals; special offers at hotels, restaurants, and retail outlets worldwide; and VIP ConciergeSM for personal assistance, 24/7.
About BD Promotores Colombia
BD Promotores Colombia is one of the leading developer companies in the country. In the last several years, the company has renovated and built hotels in Bogotá and Cartagena. In Barranquilla, it is building an industrial park with warehouses, offices, and a hotel. Its other current project is BD Bacatá in Bogotá, which will be one of the largest mixed-use complexes in Colombia and will feature one of the tallest buildings in Latin America.
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 more than 2,900 resorts in over 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 exchange and vacation rental to vacation ownership.
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