M&A Deal Summary

Travel + Leisure Acquires Oceana Resorts

On January 2, 2013, Travel + Leisure acquired leisure company Oceana Resorts

Acquisition Highlights
  • This is Travel + Leisure’s 8th transaction in the Leisure sector.
  • This is Travel + Leisure’s 5th transaction in the United States.
  • This is Travel + Leisure’s 1st transaction in South Carolina.

M&A Deal Summary
Date 2013-01-02
Target Oceana Resorts
Sector Leisure
Buyer(s) Travel + Leisure
Deal Type Add-on Acquisition

Target

Oceana Resorts

Myrtle Beach, South Carolina, United States
Oceana Resorts LLC is a provider of over 1,000 upscale condominium units across eight ocean-front resorts. In addition, through its acquisition of the vacation rental business of Kaiser Realty, which provides more than 450 condo and beach home accommodations in coastal Alabama, Wyndham Vacation Rentals adds Kaiser Realty's 30 years of history and increases its rental offerings along the sugar-white beaches and emerald-blue waters of the Gulf of Mexico

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Buyer(S) 1

Buyer

Travel + Leisure

Orlando, Florida, United States
Category Company
Founded 1990
Sector Leisure
Employees19,000
Revenue 3.8B USD (2023)
DESCRIPTION
Wyndham's corporate headquarters in Orlando, Florida.
Wyndham's corporate headquarters in Orlando, Florida.

Travel + Leisure is a hospitality company with operations across six continents. Wyndham offers individual consumers and business customers a broad array of hospitality products and services, as well as various accommodation alternatives and price, ranges through a portfolio of brands. Travel + Leisure was founded in 1990 and is based in Orlando, Florida.

DEAL STATS #
Overall 9 of 14
Sector (Leisure) 8 of 13
Type (Add-on Acquisition) 9 of 13
State (South Carolina) 1 of 1
Country (United States) 5 of 8
Year (2013) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-02 Cumbrian Cottages

Carlisle, United Kingdom

Cumbrian Cottages Ltd. s a provider of lake district cottages available, with over 1,200 holiday cottages, houses, lodges and apartments.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-02 Dolce Hotels and Resorts

Rockleigh, New Jersey, United States

Dolce's portfolio of hotels, resorts, conference centers and day meeting centers offer 750,000 square feet of meeting space, host approximately 100,000 events and welcome four million meeting clients each year. The Dolce system includes meeting and resort destinations around the world in markets such as the Napa Valley and Aspen in North America and international locations such as Barcelona, Brussels, Munich, Frankfurt, Paris and Provence.These locations will complement the expanding presence of Wyndham Grand meeting destinations in markets such as Chicago, Miami, Berlin, Doha, Hangzhou and Xian, China, giving meeting planners a wide array of options within the same system.

Buy $56M
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