- April 22, 2014
- Posted by: admin
- Category: Tsogo Sun Holdings
Interval International, a prominent worldwide provider of vacation services and an operating business of Interval Leisure Group (Nasdaq: IILG), today announced the renewal of its long-term affiliation with Tsogo Sun’s Southern Sun Resorts, one of the largest vacation ownership programmes in Southern Africa. The agreement covers six high-quality properties across the region. In addition, Interval will continue to provide a customised package of services, including programme design support and a points-based club reservation service.
“For the last five years, we have enjoyed working with Tsogo Sun at all levels and are very pleased to have renewed our strategic relationship,” said Darren Ettridge, Interval’s senior vice president of resort sales and business development for Europe, Middle East, Africa, and Asia. “We look forward to helping the company build on its success over the coming years.”
“We are delighted to confirm that SunSwop, the exchange division of Tsogo Sun’s Southern Sun Resorts, has renewed its affiliation with Interval International,” said Deon Viljoen director of operations at Tsogo Sun. “Interval’s presence in South Africa has made a huge impact on the industry, and our members are delighted at the service they receive from the Interval International and SunSwop alliance.”
Tsogo Sun’s Southern Sun Resorts include Beacon Island at Plettenberg Bay, Umhlanga Sands and Cabana Beach on the Indian Ocean coast, and Drakensberg Sun in the mountain range from which the resort takes its name. Pine Lake and Sabi River Sun, located close to the renowned Kruger National Park, complete the resort portfolio and are part of Tsogo Sun’s impressive collection of more than 90 hotels and 14 casino and entertainment destinations. The SunSwop programme currently has approximately 25,000 members who own in excess of 41,000 vacation ownership weeks. By the end of this year, all six resorts will have been completely refurbished and upgraded.
About Interval International
Interval International operates membership programmes 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 nearly 2,900 resorts in more than 80 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.
About Tsogo Sun
Tsogo Sun is the leading hotels, gaming and entertainment company in South Africa, providing a variety of hospitality and exciting entertainment and leisure experiences. Combining an established heritage with a professional and energised approach, the group proudly encompasses 14 casinos and over 90 hotels in South Africa, Africa, and Seychelles.
The company’s hospitality interests offer a wide distribution of hotels in Africa, providing world-class accommodation across all markets, including elegant, individually branded Deluxe hotels and well-known trusted market leaders in the premier through budget segments, including Southern Sun Hotels, Garden Court, SunSquare, StayEasy and SUN1 hotels.
The exciting urban and resort casino portfolio includes the most popular entertainment destinations, strategically located throughout South Africa. In the Gauteng province, Tsogo Sun owns the group’s flagship property, Montecasino in Fourways, which features, amongst other attractions, the award-winning Teatro; Gold Reef City Casino and Theme Park in Southern Johannesburg; and Silverstar Casino to the West in Krugersdorp. Additional properties are owned and operated in the Western Cape, Eastern Cape, Free State, Mpumalanga and KwaZulu-Natal, including the jewel on Durban’s Golden Mile, Suncoast Casino and Entertainment World. Tsogo Sun (“TSH”) is listed on the Johannesburg Stock Exchange. The key shareholders of Tsogo Sun are Hosken Consolidated Investments Limited (“HCI”), a JSE listed investment holding company, and SABMiller PLC (“SABM”), the London-listed brewing company. The remaining shareholding is held by various financial institutions and the general public.
Source: The Wall Street Journal