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%.

ILG Recognized as One of Fortune’s “100 Fastest-Growing Companies”

ILG, Inc. (Nasdaq: ILG), a leading provider of professionally delivered vacation experiences and the exclusive global licensee for the Hyatt®, Sheraton®, and Westin® brands in vacation ownership, announced it has been named to the 2017 Fortune magazine list of the 100 Fastest-Growing Public Companies, ranking 87th overall. This is the company’s first year on the prestigious list, which recognizes the best three-year performers in terms of revenues, profits, and stock return.

Festiva announces increases in resort amenities and service

Festiva Development Group, Inc., timeshare owners and members of the company’s Adventure Club will notice an upgrade to key rooms and amenities at resorts in South Carolina, Florida and Branson, Missouri. The major renovations, improvements and upgrades are part of the company’s Elevating the Journey campaign, a capital improvements project which aims to enhance the owner and guest vacation experience at its most popular resorts

Karisma Hotels & Resorts Enhances Company Culture with Jim Madrid’s Advance Sports Technology, Inc.

Karisma Hotels & Resorts is pleased to report its recent engagement with Jim Madrid’s Advance Sports Technology, Inc. (AST) to help improve the company’s culture in connection with its projected expansion and aggressive growth plans.   Karisma Hotels & Resorts is a renowned leader in hospitality management, operating a premier collection of award-winning properties in…