Market Overview

Interval International and Club Tesoro Resorts Enter into Long-Term, Multi-Site Affiliation Agreement

Interval International, a global provider of vacation services and an operating business of Interval Leisure Group (Nasdaq: IILG), and Club Tesoro Resorts, today announced they have entered into a long-term, multi-site affiliation agreement. This encompasses Club Tesoro in Cabo San Lucas, Mexico, as well as future acquired properties. The Cabo resort is owned by subsidiaries of Steadfast Companies, a private real estate investment firm.

“Steadfast is well-regarded, with more than 15 years of experience in resort, multifamily, and commercial development. We are pleased to collaborate with them and welcome Club Tesoro to our Quality Vacation Exchange Network," said David Gilbert, Interval's executive vice president of resort sales and marketing. “Our members can now enjoy another vacation opportunity in this very desirable destination, with its varied recreational attractions.”

“We provide exceptional service in spectacular settings, so that our guests can spend quality time with family and friends and create lasting memories. Our relationship with Interval allows us to offer club members valuable leisure benefits, including the ability to exchange their vacations for resorts around the world,” said Jeff Healy, managing director of Club Tesoro Resorts.

Posted-In: News Contracts

 

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