ILG, Inc. is an American timeshare company and a subsidiary of Marriott Vacations Worldwide. It was formerly a subsidiary of the corporation IAC. ILG is the parent company of Interval International, a provider of membership and leisure services to the vacation industry. ILG consists of two operating segments: membership and exchange. ILG's principal business segment offers travel and leisure related products and services to owners of vacation interests and others primarily through various membership programs, as well as related services to resort developer clients. As of December 31, 2012, nearly 2,800 resorts located in over 75 countries participated in Interval's primary exchange network. As of that date, the Membership and Exchange segment had approximately two million members enrolled in its various membership programs including approximately 1.8 million in the Interval Network. The biggest competitors for Interval are RCI, and Platinum Interchange. Interval is the second largest timeshare exchange company after RCI.
Interval International was founded in 1976 in Miami. It was acquired by CUC International in 1992. In 1996, CUC merged with HFS, who owned RCI. Because of antitrust concerns, Interval was sold to Willis Stein & Partners.[1] In 2002, USA Interactive (later renamed IAC), acquired Interval.[2] Interval Leisure Group (later renamed ILG) was spun off of IAC in 2008 as a publicly-traded company.[3]
In April 2018, Marriott Vacations Worldwide announced that they would purchase Interval Leisure Group for $4.7 billion, which was completed later that year.[4]
^Brinkmann, Paul (30 April 2018). "Marriott timeshare company will buy ILG for $4.7B stock and cash". Orlando Sentinel. Retrieved 20 April 2018.
December 18, 2023
this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, news, newspapers, books, scholar, jstor, february, 2018, learn, when. This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources ILG Inc news newspapers books scholar JSTOR February 2018 Learn how and when to remove this template message ILG Inc is an American timeshare company and a subsidiary of Marriott Vacations Worldwide It was formerly a subsidiary of the corporation IAC ILG is the parent company of Interval International a provider of membership and leisure services to the vacation industry ILG consists of two operating segments membership and exchange ILG s principal business segment offers travel and leisure related products and services to owners of vacation interests and others primarily through various membership programs as well as related services to resort developer clients As of December 31 2012 nearly 2 800 resorts located in over 75 countries participated in Interval s primary exchange network As of that date the Membership and Exchange segment had approximately two million members enrolled in its various membership programs including approximately 1 8 million in the Interval Network The biggest competitors for Interval are RCI and Platinum Interchange Interval is the second largest timeshare exchange company after RCI ILG Inc TypePublicTraded asNasdaq ILGIndustryHospitalityFounded1976DefunctSeptember 1 2018 2018 09 01 FateAcquired by Marriott Vacations Worldwide CorporationHeadquartersMiami Florida U S Area servedWorldwideNumber of employees5 000 2012 Websiteilg wbr comInterval International was founded in 1976 in Miami It was acquired by CUC International in 1992 In 1996 CUC merged with HFS who owned RCI Because of antitrust concerns Interval was sold to Willis Stein amp Partners 1 In 2002 USA Interactive later renamed IAC acquired Interval 2 Interval Leisure Group later renamed ILG was spun off of IAC in 2008 as a publicly traded company 3 In April 2018 Marriott Vacations Worldwide announced that they would purchase Interval Leisure Group for 4 7 billion which was completed later that year 4 References edit HISTORY Timeshare News amp Travel Johnson Richard L Barry Diller Acquires Interval International for 578 million in Cash and Stock June 2002 www hotel online com Dealbook Investors Welcome IAC Spinoff DealBook Retrieved 2017 09 25 Brinkmann Paul 30 April 2018 Marriott timeshare company will buy ILG for 4 7B stock and cash Orlando Sentinel Retrieved 20 April 2018 Retrieved from https en wikipedia org w index php title ILG Inc amp oldid 1072417032, wikipedia, wiki, book, books, library,
