Interval International purchases Trading Places

[rikkis_playpen Diamond Club Contributor Find all posts View Profile Close rikkis_playpen]

Interval is now getting into the resort management business with this acquisition.

TPI currently manages:

* 4 Seasons at Desert Breezes, California
* Branson Yacht Club, Missouri
* Club Cascadas de Baja, Cabo San Lucas
* David Walley's Resort, Nevada
* Desert Breezes Resort, California
* Desert Breezes Villas, California
* Hanalei Bay Resort, Kauai
* Hawaiian Princess at Makaha, Oahu
* Island Park Village Resort, Idaho
* Kahana Falls, Maui
* Lindo Mar Resort, Puerto Vallarta
* Maui Schooner Resort, Maui
* Park Hotel, Utah
* Park Regency, Utah
* Royal Resort Hotel, Las Vegas
* Sand Castle South Resort, South Carolina
* Seaside, South Carolina
* Skiers Lodge, Utah
* Stormy Point Village, Missouri
* Sweetwater Lift Lodge, Utah
* World Wide Vacations Club, USA & Mexico


It will also give them a more noticeable rental arm..

[lawren2 Malibu Beach Barbie & A Super Moderator Find all posts View Profile Close lawren2]

Rich do you have a link for this? I wonder how this will affect the TPI personnel. They are headquartered in Laguna Niguel, CA.

[rikkis_playpen Diamond Club Contributor Find all posts View Profile Close rikkis_playpen]

etimesharenews.com: Trading Places International Purchased by Interval Leisure Group

I think it came from an AP release- but there isn't any real detail to the story yet. I doubt that they will close down the California office, since TPI is so tied to both Mexico and Hawaii.. However, I would expect some changes..

This is probably good news for DAE and for SFX!

[riverdees05 Platinum Contributor Find all posts View Profile Close riverdees05]

Wonder what that will do with VRI using TPI system for exchanges?

[Carolinian Super Moderator Find all posts View Profile Close Carolinian]

It is bad news, however, for competition in the exchange business.

i wonder if that means that II will take in all the resorts affiliated with TPI as II affiliates. At least one on the OBX that is formally affiliated with TPI is not affiliated with II.

[Glitter Brunello Super Moderator Find all posts View Profile Close Glitter Brunello]

[rikkis_playpen Diamond Club Contributor Find all posts View Profile Close rikkis_playpen]

On a similar thread OY a rep for TPI stated that they were not purchased by Interval International, but by the company that owns II.... Then went on to state that they will be run as two distinct companies with no expected changes...

Not sure I'm buying that... But I think that will be the company line..

[billymach4 Super Moderator Find all posts View Profile Close billymach4]

I just saw that comment as well. I read that as corporate mumbo jumbo. That was a rather brief and terse statement. Check back in 2 years and let's see how this changes.

It might have also been a bargain basement purchase for II as well. Too good to pass up.

[Glitter Brunello Super Moderator Find all posts View Profile Close Glitter Brunello]

On a similar thread OY a rep for TPI stated that they were not purchased by Interval International, but by the company that owns II.... Then went on to state that they will be run as two distinct companies with no expected changes...

Not sure I'm buying that... But I think that will be the company line..

TPI has said the same thing here in the Ask Trading Places Forum. I have no doubt that that is the current intention. But it is reasonable to expect some changes and integration over time. Things that may have not yet been decided. Others necessary to coordinate corporate policy, human resources, etc... Time will tell.

[lawren2 Malibu Beach Barbie & A Super Moderator Find all posts View Profile Close lawren2]

I just saw that comment as well. I read that as corporate mumbo jumbo. That was a rather brief and terse statement. Check back in 2 years and let's see how this changes.

It might have also been a bargain basement purchase for II as well. Too good to pass up.

I seriously doubt that with a company that claims to be the 3rd largest when it comes to successful exchanges. As a privately owned company we will never know but I expect Mr Jackson did quite well.

[lawren2 Malibu Beach Barbie & A Super Moderator Find all posts View Profile Close lawren2]

From the TPI website

Trading Places International - Press Release

Interval Leisure Group Acquires Trading Places International
MIAMI, November 30, 2010 (Businesswire) -- Interval Leisure Group (Nasdaq:IILG) ("ILG") today announced it has acquired all of the equity in Trading Places International. Terms of the transaction were not disclosed.

“With more than three decades of successful operating history, Trading Places specializes in quality exchange and management services for shared-ownership homeowner associations. The addition of Trading Places expands Interval Leisure Group’s fee-for-service, asset light offerings in several areas including, direct-to-consumer vacation ownership exchange and specialty lodging property management,” said Craig M. Nash, chairman, president, and chief executive officer of Interval Leisure Group.

”While we will be operating Trading Places independently from our Interval International and Aston businesses, this acquisition delivers a platform for developing additional channels to source prospective exchange participants and is an excellent example of how Interval Leisure Group will make targeted, accretive tuck-in acquisitions that support our position as a leading provider of specialty leisure and hospitality services.”

About Trading Places International

Trading Places International opened its doors in 1973 as a full-service travel agency in Southern California. Today, with a focus on quality, value, and personalized service, Trading Places is a vertically-integrated provider of exchange and leisure services to more than 300,000 vacation owners including onsite property management at over 20 resorts located throughout the mainland United States, Hawaii, and Mexico. Trading Places is headquartered in Laguna Niguel, California, and has approximately 250 employees.

About Interval Leisure Group

Interval Leisure Group (ILG) is a leading global provider of membership and leisure services to the vacation industry.

Its principal business segment, Interval, has been serving the vacation ownership market for more than 34 years. Interval operates mainly through Interval International, a membership-based organization that offers a comprehensive array of year-round benefits, including the opportunity to exchange the use of shared ownership vacation time. Today, Interval's primary vacation network comprises more than 2,500 resorts in over 75 nations. Through offices in 14 countries, Interval offers high-quality products and benefits to resort clients and approximately 2 million families who are enrolled in various membership programs.

ILG's other business segment is Aston which traces its roots in lodging back 60 years. Through a portfolio of approximately 4,700 units, Aston Hotels & Resorts and Maui Condo and Home provide hotel and resort management and vacation rental services to vacationers and property owners primarily in the Hawaiian Islands.

ILG is headquartered in Miami, Florida, and has more than 2,500 employees worldwide.

More information about the Company is available at Interval Leisure Group - Investor Relations Home.

Investor Contact:
Jennifer Klein, Investor Relations
305-925-7302
Jennifer.Klein@iilg.com

Media Contact:
Christine Boesch, Corporate Communications
305-925-7267
Chris.Boesch@intervalintl.com

[riverdees05 Platinum Contributor Find all posts View Profile Close riverdees05]

Trading Places Maui

Does it include TP Maui?


Trading Places Maui - About Us From 1986-1995 the Maui office was a Satellite location for Trading Places International. As the only independent office for Trading Places International ...

Trading Places Maui - About Us -

[lawren2 Malibu Beach Barbie & A Super Moderator Find all posts View Profile Close lawren2]

Does it include TP Maui?


Trading Places Maui - About Us From 1986-1995 the Maui office was a Satellite location for Trading Places International. As the only independent office for Trading Places International ...

Trading Places Maui - About Us -

No that is a completely separate company.