MIAMI -- Interval International, a prominent worldwide provider of vacation services and an operating business of Interval Leisure Group (Nasdaq: IILG), announced the affiliation of Residence Waterfront, an elegant condo-hotel in Alagoas, Brazil. The property overlooks the ocean near Maceió, the capital and largest city on the state’s coast, which is known for its miles of beautiful beaches.

“Waterfront is the brainchild of several Italian real estate and tourism professionals, who are extending their successful operations into shared ownership,” said Marcos Agostini, Interval’s senior vice president of resort sales and business development for Latin America. “We are delighted to add this impressive resort to our worldwide network.”

The first phase of the purpose-built Residence Waterfront features 26 spacious one- and two-bedroom apartments. Six of the units are penthouses with covered roof terraces that afford room for relaxation and offer magnificent views of Ipioca Beach.

Along with a private beach, on-site are a large oceanfront swimming pool, restaurant, open-air terrace bar, and fitness area with floor-to-ceiling windows. Laundry facilities and private parking are also available. Nearby services and amenities include a market and pharmacy, as well as a number of sports activities.

“Maceió is such a sweet spot on the coast of Brazil that we have already begun expanding Residence Waterfront. The 20 one-bedroom apartments in the second phase will sit just behind the current building, still only 65 feet (20 meters) from the white sand,” said Gian Piero Berneri, managing director of Havengrid do Brasil Ltda., developers of the resort. “Our partnership with Interval International is an important aspect of our vision for Waterfront and we look forward to welcoming its members who visit on exchanges.”

Cooled by Atlantic trade winds, the average year-round temperature in Maceió is 77 degrees F (25 degrees C). The crystal-clear water ranges from emerald-green to deep blue and there are natural pools and reefs just a few feet off the coast, easily accessed by boat or raft.

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 approximately 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 programmes. 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.