Holiday Inn Club Vacations™ Goes Live (United States)
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Holiday Inn Club Vacations™ Goes Live (United States)
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Category: North America & West Indies / Carribean islands - United States - Industry economy
- Hotel opening
This is a press release selected by our editorial committee and published online for free on 2008-12-16
Holiday Inn's first timeshare resort is now available to guests for rental and timeshare ownership
IHG (InterContinental Hotels Group) [LON: IHG, NYSE: IHG (ADRs)] today announces the official unveiling of Holiday Inn Club Vacations with the opening of its first location at Orange Lake Resort in Orlando, Fla. The new timeshare brand was announced in September 2008 as a strategic alliance between IHG, the world's largest hotel company, and Orange Lake Resorts, a leader within the timeshare industry with more than 25 years of proven success.
"The strength and recognition of the Holiday Inn brand combined with Orange Lake's expertise in timeshare management positions us well for the future, even during these challenging economic times," said Christian Hempell, vice president, Holiday Inn Club Vacations. "Guests know and trust Holiday Inn, and we're excited to offer them the opportunity to experience the brand in a new way through timeshare ownership."
A 1,400-acre golf, water park and sports resort, Holiday Inn Club Vacations at Orange Lake Resort includes 2,412 villas and is located next to Walt Disney World® Resort in Orlando, the number one leisure destination for U.S. travelers. The resort offers a host of amenities including:
* 4 championship golf courses
* 7 swimming pools including a 12-acre outdoor entertainment complex
* 80 acre lake for water sports
* Five restaurants
* Retail and pro shops
Starting today, travelers who are seeking a richer vacation experience can rent vacation villas online at http://www.hiclubvacations.com/, a dedicated website where consumers can book a spacious one-, two- or three-bedroom villa just like they would any Holiday Inn hotel room. Through IHG's guest loyalty program, Priority Club Rewards, guests renting villas will earn PCR points during their stays at Holiday Inn Club Vacations, which they can redeem for free nights at IHG properties or exchange for merchandise and special experiences.
Orange Lake Resorts will develop and sell timeshare intervals of Holiday Inn Club Vacations under a license agreement from IHG. Starting today, owners who purchase intervals at Holiday Inn Club Vacations will automatically become members of the newly formed Holiday Inn ClubTM exchange program. This program allows members to exchange their weeks at the Orlando resort for hotel nights at IHG's more than 4,100 hotels worldwide. In addition, Holiday Inn Club members will also have access to Resort Condominium International's (RCI) network of more than 4,000 resorts.
"We're inviting our club members to open their eyes to a whole new way of vacationing," said Don Harrill, president and CEO of Orange Lake Resorts. "Club membership allows our owners to be at the right places at the right times-with flexibility unmatched in the timeshare industry."
In early 2009, existing Orange Lake resorts in Ascutney, Vt.; Lake Geneva, Wis.; and Panama City, Fla. will become part of the Holiday Inn Club Vacations portfolio. Orange Lake and IHG plan to expand the brand into other North American destination locations, adding more vacation experiences, features and benefits for their members. Orange Lake will also build a flagship Holiday Inn Resort hotel at the Orlando resort and will develop up to 2,500 more timeshare villas at this location.
Holiday Inn® and Orange Lake share the same founder, Kemmons Wilson, and this common heritage brought the two companies together to offer the ultimate vacation experience.
"Holiday Inn has earned the reputation of offering services and amenities that have revolutionized the hotel industry," said Spence Wilson, Orange Lake Resort's Chairman of the Board and son of Kemmons Wilson. "This is an exciting time for our members and for both companies; I'm ecstatic that my father's vision came together so seamlessly."
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