ILG Completes Securitization of Vacation Ownership Notes

ILG announced today that it has completed a term securitization transaction involving the issuance of $325 million of asset-backed notes. VSE 2017-A VOI Mortgage LLC, an indirect wholly-owned subsidiary of Vistana Signature Experiences, Inc. (“Vistana”) issued these notes in three tranches: $240 million of Class A notes rated AAA/AAA with an interest rate of 2.33%; $59 million of Class B notes rated A/A with an interest rate of 2.63%; and $26 million of Class C notes rated BBB/BBB with an interest rate of 2.93%. The notes are backed by vacation ownership loans from both Vistana Signature Experiences and Hyatt Vacation Ownership and had an overall weighted average coupon of 2.43%. The advance rate for this transaction was approximately 97%.

Wayqey Hotel And Wayqey Lodge Choose Interval International’s Global Exchange Network

Interval International, a leading global provider of vacation services and an operating business of ILG (Nasdaq: ILG), has affiliated Wayqey Hotel and Wayqey Lodge, two shared ownership properties in the Andes Mountains of Peru. This region is renowned for iconic archaeological sites, including the Sacred Valley of the Incas and Machu Picchu, the Lost City…

Interval Leisure Group Announces Three IT Executive Promotions

Interval Leisure Group Announces Three IT Executive Promotions

Interval Leisure Group (ILG) (Nasdaq: IILG), a leading provider of professionally delivered vacation experiences, announced the promotions of three executives in its IT division. Reporting to Marie Lee, chief information officer of ILG, this talented group represents nearly 60 years of tenure and expertise in their specialties. Robert (Rob) Gaynor is now senior vice president…