Interval Leisure Group Names Lily Arteaga Vice President Of Investor Relations
Interval Leisure Group has announced that Lily Arteaga has joined the company as vice president of investor relations. She reports to William Harvey, ILG’s chief financial officer. In this role, she oversees the company’s investor relations program and serves as liaison with investors, analysts, and other key stakeholders. Recognized on several occasions by Institutional Investor as a leading IR professional in the European leisure and hotel sector, Arteaga brings a wealth of experience in implementing investor relations programs that support strategic initiatives. Prior to joining ILG, she served as vice president of corporate development at Grupo Iberostar, a global hospitality company and leading operator...
Hyatt Vacation Ownership Debuts First Property In Hawaii
Hyatt Vacation Ownership (HVO), an operating business of Interval Leisure Group (ILG) has announced the highly anticipated opening of the luxury Hyatt Kā’anapali Beach, a Hyatt Residence Club Resort. Located on one of Maui’s most sought-after beaches, the 131-unit property joins 15 other upscale shared ownership resorts marketed and managed by HVO. The project is a joint venture with an affiliate of Host Hotels & Resorts, Inc. “It’s extremely gratifying to open our first resort in Hawaii in a nearly impossible-to-duplicate site and offer our members and guests an incomparable vacation experience,” said John Burlingame, president of HVO, the operator of...
Interval Leisure Group Recognises 2014 Club Excellence Winners
Interval Leisure Group (“ILG”) recently recognised 20 of its most outstanding employees at a company-sponsored event at the Fontainebleau Miami Beach. These individuals were honored with Crystal Jade awards, the highest recognition of ILG’s Club Excellence program. Started in 1997, Club Excellence is a global recognition program that acknowledges employees who have shown outstanding performance or exceptional customer service and demonstrated the ability to make a positive difference. Each year, Crystal Jade winners are invited as honored guests to attend a special awards celebration, leadership seminars and much more. Photo: Pictured from left to right are: Front row (seated): Magdalena Kaszkun (Interval International,...
Interval Leisure Group to Acquire Hyatt Residential Group; Announces Exclusive Master License Agreement in Vacation Ownership
Interval Leisure Group and Hyatt Hotels Corporation announced that their affiliates have signed a definitive agreement for ILG to purchase Hyatt Residential Group for approximately $190 million. In addition, ILG will acquire Hyatt’s interest in a joint venture that owns and is developing a 131-unit vacation ownership property in Maui, and will reimburse Hyatt an additional approximately $35 million, representing Hyatt’s contributions to the joint venture through the transaction’s anticipated closing date. In connection with the agreement, Hyatt has selected ILG as Hyatt’s exclusive licensee in vacation ownership. The Hyatt Residential Group markets and manages 16 vacation ownership properties at world-class destinations in Arizona, California, Colorado, Florida, Hawaii, Nevada,...
CLC World Resorts & Hotels And Interval Leisure Group Partner In European Resort Management Joint Venture
CLC World Resorts & Hotels (“CLC World”) and Interval Leisure Group (“ILG”) (Nasdaq: IILG) have entered into a definitive agreement to establish a joint venture resort management company that will be based in the United Kingdom. ILG will acquire a 75.5 percent ownership stake in the resulting new entity, VRI Europe Limited. Roy Peires, Founder and Chairman, CLC World Resorts & Hotels, said “Partnering with ILG in this exciting venture will strengthen our expansion strategy as we continue adding to our resorts’ portfolio worldwide, enabling us also to offer our products and expertise to an even wider spectrum of clients. Our...