Timeshare Briefs

Interval International signed an agreement with MBNA America that gives its developer clients a point-of-sale credit card option. Under the program, timeshare purchasers can apply for and activate an Interval International WorldPoints VISA card to charge their timeshare down payments. Cardholders receive 500 bonus points once they use the card to complete the down payment transaction….The Cabo Villas Beach Resort, a new 83-unit timeshare property in Cabo San Lucas, Mexico, signed an affiliation agreement with Interval….Fairfield Resorts has several new projects on the drawing boards. The company recently purchased the Franklin Printing building near the New Orleans French Quarter and plans to convert it into a 119-unit urban timeshare property. In Destin, FL, Fairfield is spending $1.3 million to renovate and convert the Beach Street Cottages into a 48-unit vacation ownership resort. In December, the firm announced plans to develop a 10-story, 100-unit timeshare project along the River Walk in downtown San Antonio….Fairmont Hotels is entering the private residence club segment of the resort industry. Last fall, the company opened the first Fairmont Heritage Place on Diamante beach in Acapulco. Others are under development at the Franz Klammer Lodge in Telluride, CO and in Barbados.

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