Upon completion in 2014, it will include 246 timeshare apartments, ushering in the second chapter of the vacation ownership product for Siet Savoi SA, the developer of the successful Royal Savoy, affiliated 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 International 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,” Ettridge said.
All of the Hotel Savoy timeshare apartments will be air-conditioned, offer Internet access, and have ocean-facing balconies or terraces. One-bedroom apartments will have separate lounge and dining areas, a full kitchen and master bedroom with en-suite bathroom and walk-in closet.
The two- and three-bedroom lock-off apartments will be ideally suited to holidays with friends or family sleeping up to six and eight guests respectively. Studio units will have a kitchenette and a spacious lounge area.
Hotel Savoy guests also will have access to a full-service spa with sauna; fitness center, 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.
“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.”
Closer to the coast of North Africa than Europe, the volcanic island of Madeira is just 35 miles long by 13 miles wide, studded with dramatic ravines and rocky headlands.
The island that many call “the floating garden of the Atlantic” is a 90-minute flight from Lisbon and the Hotel Savoy is 15 minutes from Madeira’s Funchal International Airport and a five minute walk to the historical center of Funchal.