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2018 Investor News

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Stockholders of Marriott Vacations Worldwide and ILG Approve Merger
ORLANDO, Fla. & MIAMI--(BUSINESS WIRE)--Aug. 28, 2018-- Marriott Vacations Worldwide Corporation (NYSE: VAC) and ILG, Inc. (NASDAQ: ILG) today announced that at separate special stockholder meetings the stockholders of both companies approved proposals relating to Marriott Vacations Worldwide’s acquisition of ILG. Holders of over 99 percent of Marriott Vacations Worldwide shares present and voting at the meeting voted in favor of a proposal to issue ... More >>
ILG Completes Securitization of Vacation Ownership Notes
MIAMI--(BUSINESS WIRE)--Aug. 21, 2018-- ILG, Inc. (Nasdaq: ILG) announced today that it has completed a term securitization transaction involving the issuance of $287 million of asset-backed notes. VSE 2018-A VOI Mortgage LLC, an indirect wholly-owned subsidiary of Vistana Signature Experiences, Inc. (“Vistana”) issued these notes in three tranches: $209 million of Class A notes with an interest rate of 3.56%; $49 million of Class B notes with an ... More >>
ILG Reports Second Quarter 2018 Results
MIAMI--(BUSINESS WIRE)--Aug. 3, 2018-- ILG (Nasdaq: ILG) today announced results for the second quarter ended June 30, 2018. SECOND QUARTER HIGHLIGHTS Consolidated revenue increased 5% to $461 million Consolidated revenue excluding cost reimbursements increased 11% to $396 million Net income attributable to common stockholders was $27 million, hig... More >>
ILG to Announce Second Quarter 2018 Financial Results on August 3, 2018
MIAMI--(BUSINESS WIRE)--Jul. 20, 2018-- ILG (Nasdaq: ILG) will release its second quarter 2018 financial results on Friday, August 3, 2018. ILG will not host a related earnings call. About ILG ILG (Nasdaq: ILG) is a leading 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... More >>
ILG Announces Date for Special Meeting for Proposed Merger with Marriott Vacations Worldwide
MIAMI--(BUSINESS WIRE)--Jul. 3, 2018-- ILG (Nasdaq: ILG) today announced that it will hold a special meeting of its stockholders at 9 a.m. Eastern time on August 28, 2018 at ILG’s corporate offices, at which ILG stockholders will vote on the previously announced proposed merger (the “Merger”) of ILG and Marriott Vacations Worldwide Corporation (NYSE: VAC) (“Marriott Vacations Worldwide”), and related matters pursuant to the Agreement and Plan of Merger d... More >>
Interval International and the Absolute World Group Sign Exclusive, Long-Term Affiliation Agreement
Vacation Club Includes Properties in Top Destinations in Thailand and China MIAMI--(BUSINESS WIRE)--Jun. 28, 2018-- Interval International, a leading global provider of vacation services and an operating business of ILG (Nasdaq: ILG), has entered into an exclusive, multi-year master affiliation agreement with the Absolute World Group, the founding company behind Absolute Vacation Club. The contract extends the relationship first ... More >>
New Zealand’s Taupo Ika Nui Resort Selects Interval International
MIAMI--(BUSINESS WIRE)--May 22, 2018-- Interval International, a prominent worldwide provider of vacation services and an operating business of ILG (Nasdaq: ILG), announced its agreement with Taupo Ika Nui Resort to provide a broad range of programs and services that enhance the benefits of ownership and reinforce the value of exchange. The resort is located in the heart of New Zealand’s North Island and overlooks Lake Taupo, the country’s largest... More >>
ILG Recognized For Its Philanthropic Initiative With Coveted Industry Award
MIAMI--(BUSINESS WIRE)--May 15, 2018-- ILG (Nasdaq: ILG), a leading provider of professionally delivered vacation experiences, received the prestigious ARDA Circle of Excellence (ACE) Community Service and Philanthropic Award for its ILG Relief Fund, a charitable organization dedicated to providing safe housing for associates affected by natural or civic disasters. The award represents the highest level of excellence within the resort industry and was ... More >>
Interval International Welcomes Le Blanc Spa Resort Los Cabos
MIAMI--(BUSINESS WIRE)--May 9, 2018-- Interval International, a leading global provider of vacation services and an operating business of ILG (Nasdaq: ILG), announced the addition of Le Blanc Spa Resort® Los Cabos, a luxury adults-only resort on Mexico’s Baja California Sur peninsula. Just steps from the beach in Cabo San Lucas, the property comprises four buildings designed by renowned architect Roberto Elias to complement the local climate, ... More >>
Surf’s up at Westgate Cocoa Beach Resort - Interval International’s Newest Affiliate on the Florida Coast
MIAMI--(BUSINESS WIRE)--May 8, 2018-- Interval International, a leading global provider of vacation services and an operating business of ILG (Nasdaq: ILG), announced the affiliation of the Westgate Cocoa Beach Resort. Scheduled to debut in July 2018, the newly transformed 120 villa beachfront resort will include comprehensive upgrades to all guestrooms and the addition of a water park and lazy river. “We greatly value our long-stan... More >>
ILG Reports First Quarter 2018 Results
MIAMI--(BUSINESS WIRE)--May 3, 2018-- ILG (Nasdaq: ILG) today announced results for the first quarter ended March 31, 2018. FIRST QUARTER HIGHLIGHTS Consolidated revenue increased 9% to $482 million Consolidated timeshare contract sales were higher by 9% Net income attributable to common stockholders was $43 million Adjuste... More >>
Marriott Vacations Worldwide to Acquire ILG to Create a Leading Global Provider of Premier Vacation Experiences
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ILG to Announce First Quarter 2018 Financial Results and Host Conference Call on May 3, 2018
MIAMI--(BUSINESS WIRE)--Apr. 20, 2018-- ILG (Nasdaq: ILG) will release its first quarter 2018 financial results after the market closes on Thursday, May 3, 2018. ILG will also host a related conference call beginning at 4:30 p.m. ET that same day, accessible via telephone and the Internet. Participants may access the call by dialing 844-832-7221 or 973-638-3062 for international callers and using Conference ID: 2599704. A live audio webcas... More >>
Aqua-Aston Hospitality Appoints New Chief Development Officer
Seasoned Executive, Chris Port, Joins Aqua-Aston Hospitality to Lead Global Expansion HONOLULU--(BUSINESS WIRE)--Apr. 17, 2018-- Aqua-Aston Hospitality, a top hospitality company known for its owned brands in Hawaii, the continental United States, and Costa Rica, announced the appointment of Chris Port to the role of chief development officer. He reports to Kelvin Bloom, chief executive officer, Aqua-Aston Hospitality. In this r... More >>
Award-Winning Pink Shell Beach Resort & Marina Joins Interval Network
MIAMI--(BUSINESS WIRE)--Apr. 12, 2018-- Interval International, a leading global provider of vacation services and an operating business of ILG (Nasdaq: ILG), announced the long-term affiliation of the award-winning Pink Shell Beach Resort & Marina – an exclusive beachfront, full-service destination resort in Fort Myers Beach, Florida. In addition, Interval will provide reservation services to Pink Shell vacation club members. The property is ... More >>
Interval International Affiliates Marriott Vacation Club’s First Resort in Indonesia
MIAMI--(BUSINESS WIRE)--Mar. 20, 2018-- Interval International, a prominent worldwide provider of vacation services and an operating business of ILG (Nasdaq: ILG), announced a new addition to its global network - Marriott’s Bali Nusa Dua Gardens, a stunning tropical retreat on the Indonesian island of Bali. “Bali is known for its extraordinary natural and cultural offerings combined with a very high level of hospitality,” said Marcos Agost... More >>
ILG Issues Statement
MIAMI--(BUSINESS WIRE)--Mar. 16, 2018-- ILG (Nasdaq: ILG) today issued the following statement in response to a public letter from FrontFour Capital Group LLC on March 15, 2018. “The assertions in FrontFour’s letter are not accurate. While we do not think it is productive to engage back and forth with FrontFour through press releases, and we intend to avoid doing so in the future, we believe it is important to address the issues raised in FrontFo... More >>
Interval International and Spinnaker Resorts Announce Multi-Site Affiliation Renewal
MIAMI--(BUSINESS WIRE)--Mar. 8, 2018-- Interval International, a leading global provider of vacation services and an operating business of ILG (Nasdaq: ILG), and Spinnaker Resorts, announced the renewal of their multi-site affiliation. The agreement encompasses nine resorts in Hilton Head Island, South Carolina; Branson, Missouri; and Ormond Beach, Florida. “Spinnaker Resorts’ steadfast commitment to excellence and extraordinary fam... More >>
ILG Reports Fourth Quarter and Full Year 2017 Results
MIAMI--(BUSINESS WIRE)--Feb. 28, 2018-- ILG (Nasdaq: ILG) today announced results for the three months and full year ended December 31, 2017. “Through the hard work of dedicated associates around the globe we accomplished our ambitious goals for 2017 and delivered solid financial and operating results for the year, despite the adversity caused by the hurricanes,” said Craig M. Nash, chairman, president and CEO of ILG. “In addition, we retu... More >>
One of South America’s Leading Hospitality Groups Signs Exclusive, Multi-Year Club Affiliation Agreement with Interval International
MIAMI--(BUSINESS WIRE)--Feb. 27, 2018-- Interval International, a leading global provider of vacation services and an operating business of ILG (Nasdaq: ILG), signed an exclusive club affiliation agreement with Enjoy Gestion Limitada, a subsidiary of Enjoy S.A., and the operator of Enjoy Vacation Club, based in Santiago, Chile. The long-term contract includes eight existing resorts in Chile, and one each in Argentina and Uruguay, as well as any fu... More >>
Interval International and Trapp Family Lodge Celebrate 35-Year Relationship with Multi-Year Renewal
MIAMI--(BUSINESS WIRE)--Feb. 22, 2018-- Interval International, a prominent worldwide provider of vacation services and an operating business of ILG (Nasdaq: ILG), announced the renewal of its affiliation with the award-winning Trapp Family Lodge in Stowe, Vermont. Under the agreement, Interval will deliver comprehensive programs designed to assist in engaging timeshare owners and optimizing their satisfaction. The expanded business relationship w... More >>
ILG Announces Dividend Increase
MIAMI--(BUSINESS WIRE)--Feb. 21, 2018-- ILG (Nasdaq: ILG) today announced that its Board of Directors declared a quarterly dividend of $0.175 per outstanding share of common stock, an increase of $0.025, or 16.7% from $0.15 per outstanding share paid last quarter. Payment will be made on March 30, 2018 to all stockholders of record on March 16, 2018. About ILG ILG (Nasdaq: ILG) is a leading provider of professionally delivered ... More >>
ILG to Announce Fourth Quarter and Full Year 2017 Financial Results and Host Conference Call on February 28, 2018
MIAMI--(BUSINESS WIRE)--Feb. 14, 2018-- ILG (Nasdaq: ILG) will release its fourth quarter and full year 2017 financial results after the market closes on Wednesday, February 28, 2018. ILG will also host a related conference call beginning at 4:30 p.m. ET that same day, accessible via telephone and the Internet. Participants may access the call by dialing 844-832-7221 or 973-638-3062 for international callers and using Conference ID: 8973227. A ... More >>
Interval International Signs Exclusive, Long-Term Affiliation Agreement with D’Monaco Private Residence Club
MIAMI--(BUSINESS WIRE)--Feb. 7, 2018-- Interval International, a prominent worldwide provider of vacation services and an operating business of ILG (Nasdaq: ILG), announced the affiliation of D’Monaco Private Residence Club just minutes from Branson, Missouri. The Mediterranean-style, gated property offers a prime location overlooking Table Rock Lake, one of the area’s leading attractions. “As a new entrant to the timeshare business, I am ... More >>
Storied Residence La Ferriera in the Heart of Tuscany Selects Interval International
MIAMI--(BUSINESS WIRE)--Jan. 29, 2018-- Interval International, a leading global provider of vacation services and an operating business of ILG (Nasdaq: ILG), announced the affiliation of Residence La Ferriera, a shared ownership resort in the heart of Tuscany. Built in 1875, the property is in the village of Loro Ciufenna, which dates back to the 8th century B.C. “You couldn’t find a more picturesque setting than this village that’s withi... More >>
ILG Confirms Receipt of Director Nominations from FrontFour Capital
MIAMI--(BUSINESS WIRE)--Jan. 29, 2018-- ILG (Nasdaq: ILG) today confirmed that FrontFour Capital Group LLC and affiliates have provided notice of their nomination of four candidates for election to the Board of Directors of ILG at the 2018 Annual Meeting of Stockholders. ILG’s highly qualified and independent Board of Directors is focused on serving the best interests of shareholders and welcomes their input. ILG will continue to engage in... More >>
The Westin Resort & Spa, Cancún, Completes Extensive Renovation
CANCÚN, Mexico--(BUSINESS WIRE)--Jan. 22, 2018-- The Westin Resort & Spa, Cancún, owned by VistanaTM Signature Experiences, Inc., an operating business of ILG (Nasdaq: ILG), today announced it has unveiled a top-to-bottom redesign of all the resort’s public areas, the launch of Arena Sports Bar & Restaurant and the debut of a Flowrider® surf simulator. This press release features multimedia. View the full release here: http://www.businesswire.... More >>