Preferred Residences, a worldwide hospitality-branding program for luxury shared ownership resorts offered by Interval International, an operating business of ILG (Nasdaq: ILG), announced the affiliation of Azure Beach Residences in Aruba. The oceanfront full-ownership condominium property is set along the island’s famed Golden Mile, steps from the award-winning Eagle Beach. This project follows Blue Residence Club, which joined the Preferred Residences’ portfolio of resorts in 2011.

“The Pering Group has established itself as one of the leading developers of luxury beachfront condominiums in Aruba,” said David C. Gilbert, Interval’s president. “As with all of its properties, Azure Beach Residences will feature elegant appointments, upscale amenities and service levels that appeal to those purchasing a vacation home. We are thrilled that the company has again selected Preferred Residences for its latest exclusive development.”

Currently under construction, Azure Beach Residences will consist of 98 condominiums housed in two towers. Two-, three-, and five-bedroom units will include an open-plan contemporary design with floor-to-ceiling windows, a kitchen with high-end appliances and European-style cabinets, high-speed internet access, HDTV capabilities, and spacious balconies with stunning views of the Caribbean Sea.

“We are delighted to expand our relationship with Preferred Residences and align ourselves with its prestigious membership and exchange program,” said Alberto Perret-Gentil, principal and COO of The Pering Group, developer of the resort. “Our owners value the quality of the impressive services it offers and we look forward to acquainting our new owners and guests with its extensive array of benefits.”

Visitors to the property will enjoy a host of planned on-site amenities and services, such as a restaurant, a fitness center with ocean-views, a waterfront pool deck and infinity pool, a beach club, and concierge services. They also will have convenient access to entertainment, casinos, exclusive shops and boutiques, and fine dining in the nearby capital city of Oranjestad.

From the architecture to the official language, Dutch influences are evident throughout Aruba, attracting visitors year-round. The island offers miles of white-sand beaches with clear-blue waters and ideal conditions for multiple water sports, including snorkeling, scuba diving, and windsurfing. Travelers can also enjoy the international cuisine, world-famous music festivals, and vibrant events, which reflect Aruba’s rich culture. Those interested in the local wildlife can go bird-watching in a protected sanctuary, tour an aloe plantation, or hike through the Arikok National Wildlife Park.

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 & ResortsSM, as well as enjoy discount pricing on nightly reservations at participating resorts. 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 Pass™ 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 Hotels & Resorts, the world’s largest independent hotel brand representing more than 650 of the world’s finest hotels, resorts, and luxury residences across 85 countries.