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Press release from Business Wire

Morritt's Tortuga Club in the Cayman Islands Selects Interval International as Its Vacation Services Partner

Monday, April 08, 2013

Morritt's Tortuga Club in the Cayman Islands Selects Interval International as Its Vacation Services Partner

09:00 EDT Monday, April 08, 2013

MIAMI (Business Wire) -- Interval International, a prominent worldwide provider of vacation services and an operating business of Interval Leisure Group (Nasdaq: IILG), announced the addition of the award-winning Morritt's Tortuga Club to its exchange network. Built by prominent developer David Morritt, the vacation ownership resort is located in the exclusive East End of Grand Cayman.

“David's many accomplishments during his more than 25-year career extend beyond the shared ownership industry. He has been integral to the development of tourism in the Cayman Islands and has brought thousands of visitors annually to the destination,” said Craig M. Nash, chairman, president, and CEO of Interval Leisure Group. “We are proud to be working with him and to add Morritt's Tortuga Club to our global resort network.”

“Our team strives to continually enhance the product we offer our existing and future owners. We have chosen to affiliate with Interval because it is equally committed to the same pursuit of excellence,” noted Morritt, CEO of Morritt Properties Cayman Ltd. “We are confident that the company's outstanding leisure benefits and services will complement our quality product and will help deliver on the promise of exceeding expectations.”

Morritt's Tortuga Club combines a welcoming ambiance with upscale accommodations and outstanding customer care. The property includes 131 existing units that offer colorful living and dining areas, fully equipped kitchens, and balconies that overlook an expansive white-sand beach. Twenty new luxury suites are currently under construction, which, in addition to spacious interiors will feature a sophisticated decor with elegant finishes and state-of-the-art conveniences.

The resort offers an abundance of amenities and services, including two restaurants, fitness center, full-service spa, housekeeping, oceanfront infinity swimming pool with swim-up bar, and two other pools. Among the many on-site leisure activities available to guests are wave runner, sailboat, and kayak rentals, scuba diving, full- and half-day snorkeling trips, and boat excursions.

Vacation owners will be enrolled as individual members of Interval International, entitling them to a host of year-round benefits, including the opportunity to redeem their points for stays at other resorts in Interval's global network. Morritt's Tortuga Club members will also become Interval Gold® members, and enjoy a number of upgraded benefits such as discounts on Getaway vacation rentals, ShortStay Exchange®, a personal concierge service available 24/7 via phone and e-mail, Hertz Gold Plus Rewards® membership and benefits, and special offers at hotels, restaurants, and retail outlets worldwide.

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 nearly 2,800 resorts in more than 75 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 membership and leisure services to the vacation industry.

NOTE TO EDITORS: Photo available upon request

Interval International
Beatrice de Peyrecave, 305-666-1861, ext. 7032
Beatrice.dePeyrecave@intervalintl.com

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