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Marriott Vacations Worldwide to Buy ILG in Mega Timeshare Deal

The deal calls for ILG shareholders to receive $14.75 in cash and 0.165 shares of Marriott Vacations Worldwide common stock for each ILG share. The transaction is expected to close sometime during the second half of this year.

The Westin Lagunamar Ocean Resort in Cancun, Mexico The Westin Lagunamar Ocean Resort in Cancun, Mexico

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.

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John Jordan

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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