LR0259-0818-PDF-1-2018 Interval International.Indd
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Buyers’ Guide2018 FOR MEMBERS OF THE INTERVAL INTERNATIONAL EXCHANGE NETWORK This Buyers’ Guide to the Interval International ® Exchange Program This Buyers’ Guide to the Interval International® Exchange Program contains important information concerning your exchange privileges. You contains important information concerning your exchange privileges. You should read this document prior to your purchase of a vacation interest. Unless should read this document prior to your purchase of a vacation interest. Unless otherwise stated, the information contained in this publication is correct as otherwise stated, the information contained in this publication is correct as of of Sept. 1, 2018. May 31, 2018. Buyers’ Guide2018 FOR MEMBERS OF THE INTERVAL INTERNATIONAL EXCHANGE NETWORK CONTENTS Disclosure Information About the 2 Interval International® Exchange Program Resorts With 51 or More Units Participating 11 and Available for Occupancy* Resorts With 21 – 50 Units Participating 25 and Available for Occupancy* Resorts With 11 – 20 Units Participating 37 and Available for Occupancy* Resorts With 6 – 10 Units Participating 42 and Available for Occupancy* Resorts With 1 – 5 Units Participating 45 and Available for Occupancy* Programs With 1,000 or More Members* 48 Programs With 500 – 999 Members* 50 Programs With 250 – 499 Members* 51 Programs With 101 – 249 Members* 51 Programs With 1 – 100 Members* 52 Phone and Mail Directory 56 Report of Independent Accountants, Key Operating Exchange Statistics, and Notes 57 *Accurate as of Dec. 31, 2017 2 DISCLOSURE INFORMATION ABOUT THE INTERVAL INTERNATIONAL EXCHANGE PROGRAM his guide is provided to explain the Exchange Program made available with II. Each such license and sublicense may be terminated or revoked to Individual Members of Interval International, Inc. (“II”). You should according to its terms. II may do business and communicate with Members review this information to ensure that you understand the terms under the Preferred Residences name. and conditions of your membership with II and the operation of the TExchange Program. The following are definitions of special terms which are 13. “Preferred Points” means the currency into which a Member’s Preferred included within the text of this guide. Residences Member Resort accommodations are converted upon relinquishment. Each Member’s Preferred Points are held in his or her DEFINITIONS “Preferred Points Account” until such time as they are used through the 1. “Club Interval Gold®” refers to the benefits package available to issuance of a Confirmation or they expire. Individual Members at Member Resorts participating in the Club Interval 14. “Resort Directory” or “Travel Planner” means II’s online and print program upon payment of the applicable Club Interval Gold membership publications, respectively. Both publications include the Terms and fee. Club Interval Gold provides Members with the benefits of Interval Conditions of Individual Membership and Exchange, as well as an ® ® Gold , including participation in ShortStay Exchange and Interval overview of benefits of II membership and a descriptive listing of ® Options , plus participation in Club Interval. selected Member Resorts. 2. “Club Interval Points” means the symbolic currency utilized by Club 15. “Suspension” or “Suspended Resort” means that a Member Resort Interval to value the Member’s Home Resort accommodations and is not in compliance with an II affiliation agreement, II policies and the accommodations requested by the Member from the Exchange procedures, or is not otherwise in good standing with II. While a Member Program, as well as other alternate accommodations requested through Resort is suspended, processing of new memberships, membership the Interval Options program. renewals, and exchange deposits and requests may be temporarily halted. 3. “Confirmation” means a written or electronic acknowledgment from II 16. “TDI” or “Travel Demand Index” means the seasonal indices that are that a request for accommodations has been fulfilled. updated periodically to reflect the cycles of relative weekly demand for 4. “Fixed Time” means that the Vacation Interest is for a specific time a specific geographic area. The TDI is a vacation-planning tool offered period each year. by II to assist Members in determining which time periods offer the best opportunities for travel to a particular region, and when accommodations 5. “Floating Time” means that the Vacation Interest is not for a are most likely to be available. The TDI is not an indication of the quality specific time period and may vary from year to year. Floating Time or desirability of vacationing in any specific resort, geographic area, accommodations are subject to the Home Resort’s own reservation or season, nor is it necessarily an indication of the availability of a system and operating procedures. particular week in the Exchange Program. 6. “Home Resort” means the resort at which the Individual Member 17. “Vacation Interest” means the possessory rights, occupancy rights, or owns a Vacation Interest. When the Individual Member owns a Vacation usage rights in accommodations and related facilities for a period of time Interest at more than one resort, the term Home Resort is used to during any given year, and which rights extend for any period prescribed identify the resort at which a unit week or its equivalent in points is being or allowed by applicable law for establishing a timeshare plan. relinquished to effectuate an exchange. THE FOLLOWING TERMS AND CONDITIONS ARE II’S STANDARD TERMS AND 7. “Host Resort” or “Host Accommodations” means the resort into CONDITIONS OF INDIVIDUAL MEMBERSHIP AND EXCHANGE. HOWEVER, which the Individual Member has been issued a Confirmation (including DUE TO THE HOME RESORT’S INTERNAL RULES, A MEMBER’S EXCHANGE Flexchange®, ShortStay Exchange, and Getaway Confirmations, as well ACTIVITY OR ACCESS TO II BENEFITS MAY BE AFFECTED. II DOES NOT as E-Plus® retrades). HAVE ANY CONTROL OVER SUCH INTERNAL RULES. MEMBERS SHOULD CONSULT THEIR HOME RESORT’S RULES AND REGULATIONS FOR 8. “Individual Member” or “Member” means a person, persons, or FURTHER DETAILS AND EXPLANATIONS OF ANY SUCH ADDITIONAL TERMS entity who owns a Vacation Interest at a Member Resort and who, by AND CONDITIONS REGARDING THE USE OF THE EXCHANGE PROGRAM. participating in the Exchange Program, agrees to be bound by these terms and conditions of II membership and exchange as amended from WHO WE ARE time to time. An Individual Member is said to be in good standing with 1. II is a Florida corporation offering an exchange service for use by its II and the Home Resort when the Individual Member is current in the Members, and in certain circumstances, other travel and leisure benefits payment of all fees and assessments prescribed by II and/or the Home (the “Exchange Program”). II’s parent company, Interval Holdings, Inc., is an Resort, and is in compliance with all II and Home Resort terms and indirect subsidiary of Marriott Vacations Worldwide Corporation (“MVW”), a conditions then in effect. Delaware corporation. II’s corporate headquarters are located at: 6262 Sunset Drive 9. “Interval Gold” and “Interval Platinum®” refer to the upgraded benefits Miami, Florida 33143-1920 packages available to Individual Members in good standing upon 305-666-1861 payment of the applicable Interval Gold or Interval Platinum membership upgrade fee. Interval Gold or Interval Platinum status provides Members The obligations of II, pursuant to the terms and conditions set forth in with certain additional travel and leisure benefits not available through this guide, may be performed by II, its authorized representatives, or basic membership in the Exchange Program. designated licensees. 10. “Member Resort” means any resort or vacation club membership 2. No developer of any Member Resort is an agent for or a joint venturer with II. program for which a developer, homeowners’ association, or other II does not sell, lease, or otherwise convey an interest in any real property or third party has entered into a contract with II, pursuant to which other form of Vacation Interest. Neither II, nor any of its officers or directors, accommodations and facilities may be made available to Members, as well has any direct, legal, or beneficial interest in any developer or seller of any as any resort for which II provides exchange services directly to its owners. Member Resort. Related companies of II develop, own, and manage certain 11. “Preferred ResidencesSM Member Resort” means any resort that Member Resorts as follows: Marriott Ownership Resorts, Inc. and its affiliates has satisfied the Preferred Residences Standards, and therefore such develop, own, and manage the Marriott Vacation Club Destinations programs, as well as individual resorts under the brand names Marriott Vacation resort may be referred to as a Preferred Residences Member Resort. ® ® A unique set of benefits and services are provided to Individual Members Club and Grand Residences by Marriott ; HV Global Group, Inc. and its in good standing as a result of owning a Vacation Interest at a Preferred affiliates develop, own, and manage the Hyatt Residence Club and the Hyatt Residences Member Resort. Residence Club Portfolio programs; and Vistana Signature™ Experiences, Inc. and its affiliates develop, own, and manage the Vistana Signature Network™, 12. “Preferred Residences Standards” refers to certain brand standards which comprises resorts under the Sheraton and Westin brands. Other of service, appearance,