VACATION RESORTS INTERNATIONAL SIGNS MANAGEMENT CONTRACT
WITH VICTORIAN ERA RESORT ON BLOCK ISLAND
Lake Forest, CA, February 11, 2016 – Vacation Resorts International (VRI), a provider of management and leisure services to vacation owners and an operating business of ILG (Nasdaq: IILG), announced that it has entered into a property management agreement with the Neptune House on Block Island, Rhode Island.
VRI will deliver a full range of services that includes resort operations such as front-desk check-in, housekeeping, and unit maintenance; financial assistance in the areas of planning, budgeting, and forecasting in concert with the association board; rentals; and communications between the association and the hundreds of families it represents.
“The addition of this quaint property expands our footprint in the very desirable Northeast market,” said Michael McManus, director of resort operations for VRI. “We’re confident that our resort management experience on Block Island will complement the association’s on-going initiatives to enhance owner enjoyment at Neptune House.”
Just minutes from downtown beaches and old harbor ferry service, the 23-unit Neptune House was originally a private residence during the Victorian Era. Still maintaining the Queen Anne style today, the resort has spacious studios and one- and two-bedroom suites with full kitchens. Units feature island-inspired decor with an array of amenities, private patios, and either partial ocean or island views. Owners and guests can enjoy the local hiking trails, beaches, fishing, and other water activities. The resort also offers onsite tennis courts, barbeque grills, pool table, guest laundry, and ample parking.
Block Island is an islet three by seven miles in size, located 12 nautical miles off the coast of Rhode Island. It is a unique locale that moves at its own pace and is known for a relaxed way of life. Islanders speak of going to the mainland as going “off island” — an expression that reinforces their belief that Block Island is its own entity.
Headquartered in Lake Forest, California, Vacation Resorts International (VRI) provides resort and homeowners’ association management services to the shared ownership industry. VRI has regional offices in Hyannis, Massachusetts; New Bern, North Carolina; and Salt Lake City, Utah; and manages more than 120 resort and club locations in North America for the approximately 200,000 families who own at VRI-managed properties. VRI has built its success as a team dedicated to “Perfecting the Art of Hospitality” for over 30 years. VRI is an operating business of ILG (Nasdaq: IILG), a leading global provider of non-traditional lodging, encompassing a portfolio of leisure businesses from exchange and vacation rental to vacation ownership.