Leading upper-upscale and luxury vacation ownership and exchange company will have over 100 vacation properties around the world and approximately 650,000 owners
Exclusive access to the world-class customer loyalty programs of Marriott International and Hyatt for vacation ownership
Global licensee of seven upper-upscale and luxury vacation brands including Marriott Vacation Club, Grand Residences by Marriott, Ritz-Carlton Destination Club, Sheraton Vacation Club, Westin Vacation Club, St. Regis Residence Club and Hyatt Residence Club
Premier exchange networks with nearly two million members and over 3,200 resorts worldwide
Combined company will have pro-forma revenues of $2.9 billion and a diversified and complementary platform with significant contribution from recurring and fee-based revenue streams
Transaction structured to maintain strong and flexible balance sheet that will support future growth and shareholder returns
Expected to be accretive to MVW's adjusted earnings per share within the first year after close, with annual run-rate cost savings of at least $75 million within two years following close
Companies to host conference call and webcast today at 8:00 a.m. Eastern Time
PR Newswire
ORLANDO, Fla. and MIAMI, April 30, 2018
