February 22, 2015

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Interval International, a prominent worldwide provider of vacation services and an operating business of Interval Leisure Group (Nasdaq: IILG), announced the affiliation of the shared ownership component of Parrot Tree Plantation on Roatán, the largest of the Bay Islands. Located approximately 35 miles off the north coast of Honduras, the luxury beachfront resort is set on 168 acres.

Parrot Tree Plantation Beach Resort Roatan“Parrot Tree Plantation is an excellent addition to our exchange network and will offer our members a unique vacation experience,” said Marcos Agostini, Interval’s senior vice president of resort sales and business development for Latin America. “Roatán is renowned as one of the top diving destinations in the world, with spectacular coral reefs.”

“As the first shared ownership property on the island, our recently opened resort has been very well received,” noted Parrot Tree Plantation developer John Edwards. “We entered the industry because of its proven business model that will assist in generating higher occupancy rates and new revenue streams. We are proud to introduce the ownership concept to consumers who are interested in purchasing in this beautiful area.”

The Mediterranean-style resort is built around a signature 320-foot free-form swimming pool and a saltwater lagoon with a half-mile private white-sand beach. Each villa is appointed with furnishings crafted from exotic hardwoods, colorful textiles, and stone finishes. They also include fully equipped gourmet kitchens with granite countertops and stainless steel appliances, private pool, veranda, and stunning views of the Caribbean Sea.

Among the amenities and services that owners and guests at Parrot Tree Plantation can enjoy are restaurants, spa, gym, children’s pool, hot tub, waterslide, marina, and complimentary wireless Internet access.

Roatán lies on the southern edge of the Mesoamerican Barrier Reef System — the second largest barrier reef in the world, which stretches from Mexico to Panama. The island has a varied ecosystem with hundreds of species of fish, sponges, and coral.