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The deal would bring together two of the biggest vacation ownership companies, with brands including Marriott, Ritz-Carlton, Westin, Hyatt and Sheraton. The combined company would have more scale to compete other hotel-branded rivals, including Hilton Grand Vacations Inc and Bluegreen Vacations Corp.
ILG views Marriott's Vacations' offer as the best it has received so far, and is engaged in negotiations to try to clinch a deal by the end of the month, the sources said. The talks could still end without any agreement, the sources added.
ILG also explored a merger with Apollo Global Management LLC's Diamond Resorts International Inc, sources said last month. Talks between ILG and Diamond Resorts have now ended, according to the sources.
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