Hotel Savoy (located in Madeira, Portugal) is the newest member of Interval International’s global timeshare exchange network. The property, which will be completed in 2014, will feature 246 timeshare apartments.

“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,” commented Darren Ettridge, senior VP for resort sales and business development for Interval. “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.”

Hotel Savoy’s rooms will be equipped with various luxuries and amenities, sporting top-class elegance and design. Timeshare owners will have full access to a spa, a fitness center, swimming pools, as well as restaurants and bars.