Interval Leisure Group Tag

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...