As we reported earlier this year, ILG the parent company of Vistana Signature Experiences, announced its plans to combine with Marriott Vacations Worldwide to create a leading global provider of premier vacation experiences. The combined company brought together several of the most popular timeshare vacation ownership brands under a single entity, including Sheraton Vacation Club, Westin Vacation Club, Hyatt Residence Club, Marriott Vacation Club, Grand Residences by Marriott, St. Regis Residence Club and Ritz-Carlton Destination Club.
Advantage Vacation recently received a letter from Hyatt Residence Club Senior Vice President Thorp Thomas announcing that the transaction has been completed. Mr. Thomas letter is copied in part below for your review:
“I am pleased to share that the transaction is complete. The combined company licenses several of the most coveted lifestyle vacation ownership brands, including Hyatt Residence Club under license from an affiliate of Hyatt Hotels, and other prestigious brands.
We’re excited about the future of Hyatt Residence Club and working with Hyatt. Our goals remain consistent: to provide the highest-quality vacation experiences synonymous with the Hyatt brand and greatest flexibility for our valued Owners.”
Syed Sarmad, Principal Broker for Advantage Vacation