M&A Deal Summary

ILG Acquires Aqua Hospitality

On December 12, 2013, ILG acquired leisure company Aqua Hospitality from Sculptor Capital Management

Acquisition Highlights
  • This is ILG’s 1st transaction in the Leisure sector.
  • This is ILG’s 2nd transaction in the United States.
  • This is ILG’s 1st transaction in Hawaii.

M&A Deal Summary

Date 2013-12-12
Target Aqua Hospitality
Sector Leisure
Buyer(s) ILG
Sellers(s) Sculptor Capital Management
Deal Type Add-on Acquisition

Target

Aqua Hospitality

Honolulu, Hawaii, United States
Aqua Hospitality, a hotel management company, represents contemporary properties (lifestyle full-service resorts, boutique hotels, budget properties, and a historic hotel) on Oahu, Maui, Kauai, Molokai, and Lanai Hawaiian islands.

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Buyer(S) 1

Buyer

ILG

Miami, Florida, United States

Category Company
Sector Leisure
DESCRIPTION

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.


DEAL STATS #
Overall 2 of 4
Sector (Leisure) 1 of 3
Type (Add-on Acquisition) 2 of 2
State (Hawaii) 1 of 1
Country (United States) 2 of 3
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-29 Vacation Resorts International

Laguna Hills, California, United States

Vacation Resorts International (VRI) provides resort and homeowner association management services to the shared ownership industry. VRI has four regional offices and manages more than 140 resort and club locations in North America for the approximately 250,000 families who own at VRI-managed properties.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-01 Hyatt Residential Group

Saint Petersburg,, Florida, United States

HV Global Group, Inc. develops, markets, and manages shared ownership resorts in various vacation destinations.

Buy $220M

Seller(S) 1

SELLER

Sculptor Capital Management

New York, New York, United States

Category Company
Founded 1994
Sector Financial Services
Employees351
Revenue 419M USD (2022)
DESCRIPTION

Sculptor Capital Management is a provider of asset management services to investors globally through its multi-strategy funds, dedicated credit funds, including opportunistic credit funds and Institutional Credit Strategies products, real estate funds and other alternative investment vehicles. Sculptor Capital Management was founded in 1994 and is based New York City.


DEAL STATS #
Overall 1 of 1
Sector (Leisure) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Hawaii) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-01 Aqua Hospitality

Honolulu, Hawaii, United States

Aqua Hospitality, a hotel management company, represents contemporary properties (lifestyle full-service resorts, boutique hotels, budget properties, and a historic hotel) on Oahu, Maui, Kauai, Molokai, and Lanai Hawaiian islands.

Buy -