LONDON, Nov. 2, 2009 (GLOBE NEWSWIRE) -- Interval International, a leading global provider of vacation services and an operating segment of Interval Leisure Group (Nasdaq:IILG), has announced the affiliation of Gardenia Resort, located in the holiday town of Hurghada on Egypt's famed "Red Sea Riviera."
"Today, we're seeing that Egypt in general and the Red Sea in particular are proving more and more popular as year-round destinations. With the addition of this notable resort to our network, Interval will be better able to cater to the increased demand," said Darren Ettridge, Interval International's vice president of resort sales and service for Europe, Middle East, and Africa.
Scheduled for completion in 2011, this mixed-use property will be situated within easy reach of nearby golden sand beaches and local night life. Plans for the purpose-built resort call for 175 timeshare units, with a combination of studios, and one- and two-bedroom units. Facilities on-site are anticipated to include restaurants and bars, a number of swimming pools, a health club, and a kid's corner.
"We are happy to affiliate Gardenia Resort in Hurghada, our new property, with Interval. During our long relationship with the company, we have always had positive experiences, especially with Gardenia Plaza, our first affiliated resort in Sharm el Sheikh," said Khaled el Nayal, chairman of Network Corporation & Continental for Touristic Resorts and developer of the resort. "We will now be able to promote Gardenia Resort in this spectacular area with the great support we have always had from Interval. We are looking forward to a mutually beneficial relationship for us and our owners."
Just a few years ago, the town of Hurghada was a small fishing village, but it has grown to become one of the leading seashore destinations on the Red Sea. To meet the need of increased tourist arrivals, the airport also has grown and now serves approximately 60 cities in 20 countries across Europe and the Middle East.
Known as an international centre for aquatic sports, visitors can try their hand at sailing, deep-sea fishing, and windsurfing. The area is most noted for snorkelling and diving as the offshore reefs are considered some of the finest in the world.
For those who wish to keep their feet dry, the aquarium houses a spectacular array of marine species and the Marine Biology Museum north of the town has a fine collection of Red Sea flora and fauna.
About Interval International
Interval International operates membership programs for vacation owners 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 for more than 33 years. Today, Interval has a network of approximately 2,500 resorts in more than 75 countries and offers its resort clients and about 2 million member families high-quality products and programs through offices in 26 cities in 16 countries. Interval is an operating segment of Interval Leisure Group, Inc. (Nasdaq:IILG), a leading global provider of membership and leisure services to the vacation industry.