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Exclusive: Marriott Vacations in the lead to clinch merger with ILG - sources

Reuters 

(Reuters) - Marriott Vacations Worldwide Corp, a U.S. provider of vacation timeshare properties, is advanced discussions to merge with peer ILG Inc, according to people familiar with the matter.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 ...

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First Published: Mon, April 16 2018. 19:46 IST
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