Hotel Savoy on the Portuguese island of Madeira is now part of Interval International’s global exchange network.
The property, which is due to complete in 2014, includes 246 timeshare apartments and is the second shared ownership product from Siet Savoi SA, developers of the successful Royal Savoy which affiliated with Interval in 2002.
"We’re very happy to be able to offer more exchange options to Interval members who want to visit this magnificent island, known for its stunning scenery and spring-like temperatures," said Darren Ettridge, Interval’s senior vice president of resort sales and business development for Europe, Middle East, Africa, and Asia.
"There are nearly 5,000 vacation owners at Royal Savoy who enjoy consistently high standards at this award-winning property. We’re sure that Siet Savoi will build on its outstanding success to deliver another truly wonderful holiday experience.”
All of the Hotel Savoy apartments will have air conditioning and ocean-facing balconies or terraces, offering superb views of the Atlantic. Guests will have access to a full-service spa with sauna; fitness centre; heated indoor, outdoor, and children’s swimming pools; whirlpool; tennis court; and restaurants and bars on the grounds of the resort. Other amenities will include 24-hour reception service, room service, and underground parking.
"Hotel Savoy is the newest generation of a small family-run hotel first opened at the beginning of the 20th century," said Isabel Cristina, project director of the Savoy Group (Siet-Savoi S.A). "We’re proud of our reputation for hospitality and very pleased to have Interval International as an exchange partner, so that we can introduce many more people to our beautiful home."
Madeira is famous for its exotic flora and fauna – the flower markets are one of the island’s highlights. Closer to the coast of North Africa than Europe, the volcanic island is just 35 miles long by 13 miles wide, studded with dramatic ravines and rocky headlands. There are sea views around almost every corner, the roads winding their way through sleepy hamlets and larger villages, and the lush scenery is idyllic.
To reach “the floating garden of the Atlantic” it’s a 90-minute flight from Lisbon, with the Hotel Savoy an easy 15 minute drive from Madeira’s Funchal International Airport and an even easier five minute walk to Funchal’s historic centre.