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%.
Wyndham Vacation Resorts Asia Pacific’s Customer Experience team has been recognised in two categories at the prestigious Australian Service Excellence Awards, which will be held at the Westin Hotel in Sydney on October 25.
The holidays may make visions of sugarplums dance in one's head -- probably because the hustle and bustle of holiday shopping has brought on fatigue and hallucinations. Why should this magical season be filled with stress? Royal Holiday Vacation Club members have the option to leave frigid temperatures and shopping madness behind with a stay aboard an all-inclusive cruise ship. Instead of tangling with testy family members, Royal Holiday patrons can relax and unwind, watch the scenery go by, and spend some quality time with their loved ones. There's no shortage to the benefits to be gained by celebrating winter holidays on the high seas.
Cory Stegemann, Founder & CEO, of both Cyria Group Inc. and Genescy Corporation was recently elected to the board of directors of the Canadian Vacation Ownership Association (CVOA). The announcement was made during the Annual Board Meeting at VO-Con 2017 conference held at the Four Seasons in picturesque Whistler, BC earlier this month. Stegemann joins a prestigious list of directors that can be viewed here.
The Canadian Vacation Ownership Association (CVOA) has named the Asheville, N.C. exchange innovator, RTX, as the recipient of the 2017 CVOA Cornerstone Award . The prestigious award recognizes a truly outstanding shared ownership innovator. The CVOA Awards Committee selected RTX from numerous entries.
Vacation Resorts International Adds Family-Friendly Destination Resort In The Sierras To Property Management Portfolio.
Vacation Resorts International (VRI), a provider of management and leisure services to vacation owners and an operating business of ILG (Nasdaq: ILG), has added the Mountain Retreat Resort in Arnold, California, to its portfolio of managed properties. The resort is located in the heart of “Gold Country” in Calaveras County one of the state’s original counties, known for its rich history and untouched landscapes.
Lifestyle Holidays Continues Commitment to Youth and Sports In DR With Sponsorship Of Third Annual Puerto Plata 10K Race
Lifestyle Holidays Vacation Club (LHVC) and Lifestyle Holidays Vacation Resort, located in Puerto Plata on the North Coast of the Dominican Republic, were again a main sponsor in September of one of the most important foot races in the country, the Puerto Plata 10K Race.
Send Me On Vacation (SMOV), a charity providing vacations for breast cancer survivors continues its long-standing affiliation with GNEX Conference as Gold Sponsor for its 8th annual event.
Palace Resorts Announces A New Date For Backstreet Boys, ‘Larger Than Life’ Show At Moon Palace Cancun
Palace Resorts - the company that sets the standard in five-star, all- inclusive resort accommodations – is excited to announce a second date to the “Backstreet Boys: Larger Than Life” performance at AAA Four Diamond, Moon Palace Cancun. Due to an overwhelming demand, the company has added a second show, which will take place on December 30th, 2017 at Cancun’s entertainment destination, featuring all five members — Nick Carter, Howie Dorough, Brian Littrell, AJ McLean and Kevin Richardson.
Since its establishment in 1985, C.A.R.E., the Cooperative Association of Resort Exchangers, has been successfully hosting semi-annual conferences across the United States, Canada and Mexico. With their fall conference quickly approaching, they are amid final preparations that will cap an era at conference number 65 in Sunny California next month. There is still time to be a part of the history at C.A.R.E.’s 65th conference from October 14-17, 2017 at the Anaheim Marriott Suites, Garden Grove/Anaheim, CA.
Villa Premiere Boutique Hotel & Romantic Getaway Honored with 2017 Golden Apple Award from Apple Vacations
Villa Premiere Boutique Hotel & Romantic Getaway in Puerto Vallarta, Mexico received the 2017 Golden Apple Award from Apple Vacations (www.AppleVacations.com) at a black-tie gala at the Museum of Science and Industry in Chicago on Sept. 11, 2017.