The Point at Petite Calivigny in Grenada Selects Preferred Residences

MIAMI–(BUSINESS WIRE)–Preferred Residences℠, a worldwide hospitality-branding program for
luxury shared ownership resorts offered by Interval International, an
operating business of ILG
(Nasdaq: ILG), has added The Point at Petite Calivigny to its collection
of distinct properties. The upscale mixed-use resort is located in
Grenada, often called the “Spice Island” for the abundance of spices
cultivated on its volcanic soil since the 17th century.

“Shared ownership has proven to be a successful business model in
several of the Caribbean’s most popular travel destinations,” said Dr.
Christopher C. Ashby, director of Chanson D’Argent Holdings Development
Limited, developer of the resort. “After many years of involvement in
Grenada’s residential real-estate market, we recognized a need for more
diversification in the island’s tourism product. We are confident that
The Point at Petite Calivigny provides the optimal mix of luxury and
flexibility to fit the lifestyle of today’s affluent leisure travelers.”

Located on 9 acres of beautifully landscaped grounds, The Point at
Petite Calivigny will include two-bedroom condominiums and three-bedroom
stand-alone villas with scenic views of Calivigny Island, Hog Island,
and the Woburn Bay marine sanctuary. The well-appointed condominiums
will be built around a free-form pool and yoga pavilion to provide the
ambiance of privacy similar to a small village. The villas will feature
a sophisticated modern style with spacious living and dining areas,
hand-crafted furniture, fully equipped open kitchens, private patio, and
infinity pool. The resort will be built in two phases, with the first
phase slated for completion in the fourth quarter of 2017.

“This exceptional property is an exciting addition to the Preferred
Residences portfolio,” noted Neil Kolton, Interval’s director of resort
sales and service for the Caribbean. “Consumers who purchase a
fractional ownership interest at The Point at Petite Calivigny will
enjoy the authentic vacation experience for which Grenada is renowned,
as well as the personal service they can expect from a Preferred
Residences member resort.”

An array of upscale amenities will be available at the resort, with
phase one to include a three-meal waterfront restaurant, indoor/outdoor
gym, deep-water marina, and boat dock. Among the additional planned
amenities as part of phase two are a 60-room hotel, beach
club/restaurant, sky bar and lounge, as well as a health spa. Electric
carts will be available for owners and guests to access all areas of the
property. Just 15 minutes from the international airport, guests will
arrive at the resort by private launch.

Grenada is famed for its natural beauty, rich history, and vibrant
culture. Visitors can take advantage of a variety of activities and
attractions available on the island — from snorkeling, diving, and
deep-sea fishing to local festivals, and bustling markets in St.
Georges, the capital city. They can hike through rain forests and
tropical jungles, and tour historic landmarks, forts, and plantations.

Beyond the sales and marketing opportunities for developers, Preferred
Residences offers owners high-touch exchange services to a portfolio of
resorts curated especially for the affluent traveler. Owners may also
exchange vacation time for stays at participating Preferred Hotels &
Resorts, as well as enjoy preferential pricing on nightly reservations.
In addition, they receive unique year-round benefits such as an annual
membership in Preferred Golf℠, providing access to some of the world’s
most challenging and prestigious courses, complimentary membership in
Priority Pass airport VIP lounge program, personal concierge
services accessible 24/7 online and via phone, special offers at
restaurants, and much more.

About Preferred Residences

Preferred Residences is a hospitality-branding program for luxury shared
ownership resorts, private residence clubs, and condominium-style hotels
that offers membership and exchange benefits. The program gives
developers the opportunity to promote their upscale vacation residences
within a network of exclusive accommodations and to deliver high-quality
vacation experiences to owners of exceptional real estate. Membership
includes a rich menu of benefits and services designed to enhance a
sophisticated lifestyle. Preferred Residences is an alliance between
Interval International, a leader in vacation ownership since 1976 and an
operating business of ILG, and Preferred Hotel Group, the world’s
largest independent hotel brand representing more than 650 of the
world’s finest hotels, resorts, and luxury residences across 85
countries.

Note to Editors: Photo available upon request.

Contacts

Interval International
Beatrice de Peyrecave, 305-925-7032
[email protected]