Marriott Vacations ILG Merger

Marriott's Timeshare Business Buys Hyatt Timeshares and the Starwood Timeshares Marriott Didn't Want - View From The Boarding Area

Excerpt from View From The Boarding Area

The very first timeshare exchange company, Resort Condominiums International, was created in 1974 and is the predecessor to Wyndham. Interval International was created two years later as an upscale competitor to RCI.

It too became a part of the corporate predecessor to Cendant Corporation which became Wyndham. Because of anti-trust issues Interval was sold to a group that included Carlson, Hyatt Vacation Ownership, and Marriott Ownership Resorts. In 2002 it was then sold to Barry Diller’s USA Interactive, this was just after they purchased Expedia and just before they bought Tripadvsior. IAC spun off the business as Interval Leisure Group in 2008.

The hotel chains no longer had ownership of the timeshare business, but licensed their brands and their properties participated.

Shortly before Starwood announced a deal to be acquired by Marriott it agreed to spin off its timeshare business into a separate company, Vistana, which it sold to Interactive Leisure Group or ILG. ILG now holds the vacation ownership businesses of Hyatt, Sheraton and Westin.

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