MIAMI—The former timeshare divisions of now merged hoteliers Starwood Hotels & Resorts and Marriott have decided to merge their operations in a deal valued at approximately $4.7 billion.
Marriott Vacations Worldwide Corp. of Orlando reports it has signed a definitive agreement to acquire Miami-based ILG in a cash and stock deal. The combined company will have more than 100 vacation properties worldwide and approximately 65,000 owners. Marriott International spun off its timeshare business in 2011 and Starwood sold its timeshare business Vistana to ILG in 2016 some months before Starwood was acquired by Marriott International in a deal worth about $12 billion.
Prior to today's announcement, Reuters had reported that ILG had held merger discussions with Apollo Global Management's Diamond Resorts International as well as with Hilton Grand Vacations Inc.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
