MARRIOTT VACATIONS, ILG MERGE
The combined company has 3,200 resorts in over 80 nations
The merger of Marriott Vacations Worldwide and ILG, Inc. has been completed. For each share of ILG common stock, ILG stockholders received 0.165 shares of Marriott Vacations common stock and $14.75 in cash. Marriott Vacations Worldwide paid approximately $4.6 billion in aggregate consideration.
Marriott Vacations Worldwide, which has more than 100 resorts and 650,000 members, now offers vacation ownership, exchange, rental and resort and property management, along with related businesses, products and services. The combined company will be the global licensee of seven upper-upscale and luxury vacation brands, including Marriott Vacation Club, Grand Residences by Marriott, The Ritz-Carlton Destination Club, Sheraton Vacation Club, Westin Vacation Club, St. Regis Residence Club and Hyatt Residence Club.
The combined company also includes exchange networks and membership programs with nearly 3,200 resorts in more than 80 nations and approximately 2 million members, as well as management of more than 200 other resorts and lodging properties.
Photo of Grand Residences by Marriott, Lake Tahoe Lobby: Courtesy of Marriott