August 10, 2017 – Preferred ResidencesSM, a worldwide hospitality-branding program for luxury shared ownership resorts offered by Interval International, an operatingbusiness of ILG (Nasdaq: ILG), has added The Point at Petite Calivigny to its collection of distinct properties. The upscale mixed-use resort is located in Grenada, often called the “Spice Island” for the abundance of spices cultivated on its volcanic soil since the 17th century.

“Shared ownership has proven to be a successful business model in several of the Caribbean’s most popular travel destinations,” said Dr. Christopher C. Ashby, director of Chanson D’Argent Holdings Development Limited, developer of the resort. “After many years of involvement in Grenada’s residential real-estate market, we recognized a need for more diversification in the island’s tourism product. We are confident that The Point at Petite Calivigny provides the optimal mix of luxury and flexibility to fit the lifestyle of today’s affluent leisure travelers.”

Located on 9 acres of beautifully landscaped grounds, The Point at Petite Calivigny will include two-bedroom condominiums and three-bedroom stand-alone villas with scenic views of Calivigny Island, Hog Island, and the Woburn Bay marine sanctuary. The well-appointed condominiums will be built around a free-form pool and yoga pavilion to provide the ambiance of privacy similar to a small village. The villas will feature a sophisticated modern style with spacious living and dining areas, hand-crafted furniture, fully equipped open kitchens, private patio, and infinity pool. The resort will be built in two phases, with the first phase slated for completion in the fourth quarter of 2017.

“This exceptional property is an exciting addition to the Preferred Residences portfolio,” noted Neil Kolton, Interval’s director of resort sales and service for the Caribbean. “Consumers who purchase a fractional ownership interest at The Point at Petite Calivigny will enjoy the authentic vacation experience for which Grenada is renowned, as well as the personal service they can expect from a Preferred Residences member resort.”

An array of upscale amenities will be available at the resort, with phase one to include a three-meal waterfront restaurant, indoor/outdoor gym, deep-water marina, and boat dock. Among the additional planned amenities as part of phase two are a 60-room hotel, beach club/restaurant, sky bar and lounge, as well as a health spa. Electric carts will be available for owners and guests to access all areas of the property. Just 15 minutes from the international airport, guests will arrive at the resort by private launch.

Grenada is famed for its natural beauty, rich history, and vibrant culture. Visitors can take advantage of a variety of activities and attractions available on the island — from snorkeling, diving, and deep-sea fishing to local festivals, and bustling markets in St. Georges, the capital city. They can hike through rain forests and tropical jungles, and tour historic landmarks, forts, and plantations.

Beyond the sales and marketing opportunities for developers, Preferred Residences offers owners high-touch exchange services to a portfolio of resorts curated especially for the affluent traveler. Owners may also exchange vacation time for stays at participating Preferred Hotels & Resorts, as well as enjoy preferential pricing on nightly reservations. In addition, they receive unique year-round benefits such as an annual membership in Preferred GolfSM, providing access to some of the world’s most challenging and prestigious courses, complimentary membership in Priority PassTM airport VIP lounge program, personal concierge services accessible 24/7 online and via phone, special offers at restaurants, and much more.

About Preferred Residences

Preferred Residences is a hospitality-branding program for luxury shared ownership resorts, private residence clubs, and condominium-style hotels that offers membership and exchange benefits. The program gives developers the opportunity to promote their upscale vacation residences within a network of exclusive accommodations and to deliver high-quality vacation experiences to owners of exceptional real estate. Membership includes a rich menu of benefits and services designed to enhance a sophisticated lifestyle. Preferred Residences is an alliance between Interval International, a leader in vacation ownership since 1976 and an operating business of ILG, and Preferred Hotel Group, the world’s largest independent hotel brand representing more than 650 of the world’s finest hotels, resorts, and luxury residences across 85 countries.