18 December 2013
Interval Leisure Group (NASDAQ: IILG) operating business Vacation Resorts International said it has entered into a long-term agreement to provide property management services for The Hammocks on Bald Head Island, a fractional ownership retreat consisting of 23 luxurious homes situated at the southernmost point of North Carolina´s Cape islands.
VRI will provide a range of services, including property maintenance; financial expertise in the areas of accounting, billing and collections; resort management utilizing proprietary state-of-the-art software; and owner rental and vacation exchange services.
Bald Head Island features 14 miles of ocean beach, 10,000 acres of protected salt marsh and tidal creeks, and a vast maritime forest preserve. Travel to the island is by passenger ferry or private boat and once on island, transportation is by electric car, bicycle or foot, helping to protect the island´s peaceful lifestyle.
Headquartered in Laguna Hills, California, Vacation Resorts International provides resort and homeowner association management services to the shared ownership industry.