M&A Deal Summary

Marriott Vacations Worldwide Acquires ILG

On April 30, 2018, Marriott Vacations Worldwide acquired leisure company ILG for 4.7B USD

Acquisition Highlights
  • This is Marriott Vacations Worldwide’s 1st transaction in the Leisure sector.
  • This is Marriott Vacations Worldwide’s largest (disclosed) transaction.
  • This is Marriott Vacations Worldwide’s 1st transaction in the United States.
  • This is Marriott Vacations Worldwide’s 1st transaction in Florida.

M&A Deal Summary
Date 2018-04-30
Target ILG
Sector Leisure
Buyer(s) Marriott Vacations Worldwide
Deal Type Add-on Acquisition
Deal Value 4.7B USD
Advisor(s) Goldman Sachs
Moelis & Co. (Financial)
Paul, Weiss, Rifkind, Wharton & Garrison (Legal)

Target

ILG

Miami, Florida, United States
website
ILG, Inc. is a provider of professionally delivered vacation experiences and the exclusive global licensee for the Hyatt®, Sheraton®, and Westin® brands in vacation ownership. The company offers its owners, members, and guests access to an array of benefits and services, as well as world-class destinations through its international portfolio of resorts and clubs. ILG's operating businesses include Aqua-Aston Hospitality, Hyatt Vacation Ownership, Interval International, Trading Places International, Vacation Resorts International, VRI Europe, and Vistana Signature Experiences. Through its subsidiaries, ILG independently owns and manages the Hyatt Residence Club program and uses the Hyatt Vacation Ownership name and other Hyatt marks under license from affiliates of Hyatt Hotels Corporation. In addition, ILG's Vistana Signature Experiences, Inc. is the exclusive provider of vacation ownership for the Sheraton and Westin brands and uses related trademarks under license from Starwood Hotels & Resorts Worldwide, LLC. Headquartered in Miami, Florida, ILG has offices in 15 countries and more than 10,000 associates.

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Buyer(S) 1

Buyer

Marriott Vacations Worldwide

Orlando, Florida, United States

website

Category Company
Founded 1984
Sector Leisure
Employees20,300
Revenue 3.9B USD (2021)
DESCRIPTION

Marriott Vacations Worldwide is a pure-play vacation ownership company. In late 2011, Marriott Vacations Worldwide was established as an independent, public company focusing primarily on vacation ownership experiences. Marriott Vacations Worldwide was founded in 1984 and is based in Orlando, Florida.

DEAL STATS #
Overall 1 of 2
Sector (Leisure) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Florida) 1 of 1
Country (United States) 1 of 2
Year (2018) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-26 Welk Resort Group

San Marcos, California, United States

Welk Resort Group, Inc. operates a portfolio of eight upper-upscale vacation ownership resorts located primarily in highly sought-after West Coast U.S. vacation markets, with nearly 1,400 keys, 55,000 Owners, and over three years of built inventory. Welk Resort Group was founded in 1984 and is based in San Marcos, California.

Buy $430M
Mergr

Product

Company

Legal