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RCI announces agreement to acquire DAE
9 Aug

RCI announces agreement to acquire DAE

RCI has reached an agreement with vacation group Beneficium to acquire DAE Global Pty Ltd. (DAE), operator of timeshare exchange company Dial An Exchange and software company @Work International. Both companies are based in Australia. The deal is subject to customary conditions precedent, including receipt of applicable regulatory approval. DAE’s offices in Australia, New Zealand, US and Egypt will become part of RCI upon completion of the acquisition. The addition of DAE will complement RCI’s existing business, broaden its appeal to a new base of travelers and strengthen its position as a leader within the global alternative holiday accommodation sector. Dial An...

Interval International signs exclusive club affiliation agreement with Yunnan Cloudreams Hotel Management
3 May

Interval International signs exclusive club affiliation agreement with Yunnan Cloudreams Hotel Management

Interval International and Yunnan Cloudreams Hotel Management, a subsidiary of Kunming City-Construction Real Estate Development Co. Ltd., announced an exclusive, multi-site club affiliation agreement. This currently encompasses three resorts in the Cloudreams Vacation Club: Pullman Lijiang Resort and Spa, Angsana Fuxian Lake, and Cloud Hotel Luoping, all in Yunnan province in southern China. Future properties developed over the term of the agreement will be included, as well. Pullman Lijiang Resort and Spa is close to Old Town Lijiang, a UNESCO World Heritage Site in the northwestern part of Yunnan province and a top tourist destination. With a sophisticated, elegant aesthetic created...