Fractional Ownership News

Egyptian resort joins Interval network

Interval International has announced the affiliation of Gardenia Resort, located in the holiday town of Hurghada on Egypt's Red Sea Riviera, to its vacation exchange network.

"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 feature 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."

www.intervalintl.com

3/11/09

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