Sentences with phrase «in the vacation ownership»

Since entering the industry in 1984 as part of Marriott International, Inc., the company earned its position as a leader and innovator in vacation ownership products.

Marriott Vacation Club, a global leader in vacation ownership and brand segment of Marriott Vacations Worldwide (NYSE: VAC), announced today that Owners and guests can make reservations at its newest property, Marriott Vacation Club, San Diego, through the Marriott Vacation Club DestinationsTM Exchange Program for arrivals beginning July 1.

Marriott Vacation Club, a global leader in vacation ownership, has completed the sale of the hotel component of the Surfers Paradise Marriott Resort & Spa in Queensland, Australia to Bensonlily Surfers Paradise Pty Ltd for a gross sale price of $ 70 million AUD (approximately $ 50 million USD at current exchange rates).

Marriott Vacation Club is a global leader in vacation ownership with a diverse portfolio of more than 55 resorts and more than 12,300 timeshare villas and other accommodations throughout the U.S., Caribbean, Europe and Asia.

Marriott Vacation Club, a global leader in vacation ownership and brand segment of Marriott Vacations Worldwide (NYSE: VAC), announced today that it purchased the historic property known as The Edgewater Hotel in South Beach, Miami for $ 23.5 million.

Marriott Vacation Club, a global leader in vacation ownership, announced today it has purchased 71 rooms in The Mayflower Hotel in Washington, D.C. and plans to make them part of its Marriott Vacation Club vacation ownership program.

Since entering the timeshare industry in 1984, Marriott earned its position as a leader and innovator in vacation ownership products.

About Marriott Vacation Club Marriott Vacation Club is a global leader in vacation ownership with a diverse portfolio of 60 resorts and more than 12,000 timeshare villas throughout the U.S., Caribbean, Europe, Asia and Australia.

ORLANDO, Fla. — June 28, 2012 — Marriott Vacations Worldwide Corporation (NYSE: VAC) announced today the completion of a securitization involving the transfer of a pool of approximately $ 250 million in vacation ownership loans to its affiliate Marriott Vacation Club Owner Trust 2012 - 1, which simultaneously issued approximately $ 238 million of notes (the «Notes»).

About Marriott Vacation Club Marriott Vacation Club is a global leader in vacation ownership with a diverse portfolio of more than 55 resorts and more than 12,100 timeshare villas throughout the U.S., Caribbean, Europe and Asia.

She recently served as executive vice president of sales and marketing for the Levitin Group, the world's largest training company in the vacation ownership industry.

With a 30 - year history, Marriott is a leader in the vacation ownership market and boasts over 420,000 owner families around the world.

The merger creates one of the world's largest resale timeshare and vacation ownership marketing companies with an exciting capacity to expand the use of next - generation technology in vacation ownership resales and vacation rentals.

Founded in 1975 in Cancun, Royal Resorts is a pioneer resort company in the Mexican Caribbean and in the vacation ownership industry.

Marriott Vacation Club ®, a leader in the vacation ownership industry, is seeking motivated individuals with concierge and telemarketing experience to join our award - wining sales and marketing team.

Not exact matches

• Bluegreen Vacations Corporation (NYSE: BXG), a Boca Raton, Fla. - based vacation ownership company, today acquired The Éilan Hotel and Spa in San Antonio, Texas for approximately $ 34.3 million.

• Tritium Partners made an investment of an undisclosed amount in Vacation Innovations LLC, an Orlando, Fla. - based provider of secondary - market services and marketplace solutions for the vacation ownership iVacation Innovations LLC, an Orlando, Fla. - based provider of secondary - market services and marketplace solutions for the vacation ownership ivacation ownership industry.

The company will split into Wyndham Hotel Group, based in Parsippany, New Jersey, and Wyndham Vacation Ownership, headquartered in Orlando, Florida, the company said Wednesday.

«A spinoff of the hotel business and the combination of Wyndham Vacation Ownership with RCI is the best structure to unlock shareholder value and enable strong growth across the businesses,» Stephen Holmes, chairman and chief executive officer of Wyndham Worldwide, said in a statement.

ILG has more than 250,000 owners in its Vistana Signature Experiences and Hyatt Vacation Ownership portfolios.

In late 2011, Marriott Vacations Worldwide was established as an independent, public company focusing primarily on vacation ownership experiences.

Creates a platform with the ability to accelerate sales growth: Through their agreements with Marriott International, MVW and ILG will have exclusive access for vacation ownership to the Marriott Rewards, Starwood Preferred Guest and Ritz - Carlton Rewards loyalty programs, which have over 100 million members and which are expected to be combined into a single loyalty program in early 2019.

Marriott Vacation Club, a global leader in timeshare vacation ownership, announced today that it has finalized the purchase of the iconic Surfers Paradise Marriott Resort & Spa Gold Coast, AuVacation Club, a global leader in timeshare vacation ownership, announced today that it has finalized the purchase of the iconic Surfers Paradise Marriott Resort & Spa Gold Coast, Auvacation ownership, announced today that it has finalized the purchase of the iconic Surfers Paradise Marriott Resort & Spa Gold Coast, Australia.

Today, Marriott Vacations Worldwide Corporation (NYSE: VAC), the leading global pure - play vacation ownership company, reported first quarter 2012 financial results and reaffirmed the company's full - year outlook for 2012 based upon positive trends in important North America metrics to date.

In late 2011, Marriott Vacations Worldwide was established as a separate, public company focusing primarily on vacation ownership experiences.

ORLANDO, Fla. — Oct. 18, 2012 — Today, Marriott Vacations Worldwide Corporation (NYSE: VAC), the leading global pure - play vacation ownership company, reported third quarter 2012 financial results and updated the company's full - year guidance for 2012 based upon continued positive trends in its North America segment.

We caution you that these statements are not guarantees of future performance and are subject to numerous risks and uncertainties, including volatility in the economy and the credit markets, supply and demand changes for vacation ownership and residential products, competitive conditions; the availability of capital to finance growth, and other matters referred to under the heading «Risk Factors» contained in our Annual Report on 10 - K for the year ended December 30, 2011 filed with the U.S. Securities and Exchange Commission (the «SEC») and in subsequent SEC filings, any of which could cause actual results to differ materially from those expressed in or implied in this presentation.

Through a Spin - Off in late 2011, Marriott Vacations Worldwide was established as a separate, public company focusing primarily on vacation ownership experiences.

Revenues from the sale of vacation ownership products increased $ 12 million to $ 126 million in the first quarter, driven mainly by the $ 9 million increase in contract sales and $ 3 million of higher year - over-year revenue reportability.

As of March 22, 2013, the company had $ 194 million in available capacity under its revolving credit facility after taking into account outstanding letters of credit and had $ 89 million of vacation ownership notes receivable eligible for securitization.

Total revenues in this segment declined $ 2 million to $ 18 million reflecting lower revenues from the sale of vacation ownership products.

ORLANDO, Fla. — May 3, 2012 — Today, Marriott Vacations Worldwide Corporation (NYSE: VAC), the leading global pure - play vacation ownership company, reported first quarter 2012 financial results and reaffirmed the company's full - year outlook for 2012 based upon positive trends in important North America metrics to date.

We caution you that these statements are not guarantees of future performance and are subject to numerous risks and uncertainties, including volatility in the economy and the credit markets, supply and demand changes for vacation ownership and residential products, competitive conditions; the availability of capital to finance growth, and other matters referred to under the heading «Risk Factors» contained in the Information Statement filed as an exhibit to our Annual Report on Form 10 - K for the year ended December 30, 2011 filed with the U.S. Securities and Exchange Commission (the «SEC») and in subsequent SEC filings, any of which could cause actual results to differ materially from those expressed in or implied in this presentation.

In addition, the company aligned its assessment of collectibility of the transaction price for sales of vacation ownership products with its credit granting policies.

Third Quarter 2014 Results Total company contract sales were $ 172 million, a $ 4 million increase from $ 168 million in the third quarter of 2013, driven by $ 3 million of higher vacation ownership contract sales in the company's North America segment, $ 2 million of higher contract sales in the company's Europe segment and $ 1 million of higher contract sales in the company's Asia Pacific segment, partially offset by $ 2 million of lower residential contract sales in the company's North America segment.

Through a spin - off in late 2011, Marriott Vacations Worldwide was established as a separate, public company focusing primarily on vacation ownership experiences.

North America vacation ownership contract sales were $ 146 million in the second quarter of 2014, an increase of $ 5 million over the prior year period.

In October, the company completed a securitization of $ 250 million of vacation ownership notes receivable at a weighted average interest rate of 2.29 percent and an advance rate of 96 percent.

In June, the company completed a securitization of a pool of approximately $ 23.8 million of primarily highly - seasoned vacation ownership notes receivable that the company had previously classified as not being eligible for securitization, at a weighted average interest rate of 6.25 percent and an advance rate of 95 percent.

In October the company completed a securitization of $ 250 million of vacation ownership loans at a weighted average interest rate of 2.29 percent and an advance rate of 96 percent.

North America vacation ownership contract sales were $ 148 million in the third quarter of 2014, an increase of $ 3 million over the prior year period.

North America vacation ownership contract sales were $ 186 million in the fourth quarter of 2014, an increase of $ 7 million, or 4 percent, over the prior year period.

Before opening its first resort on Hilton Head Island, S.C. in 1984, Marriott Vacations Worldwide carefully evaluated the timeshare industry and identified opportunities that could enhance the overall vacation ownership experience.

ORLANDO, Fla. — July 26, 2012 — Today, Marriott Vacations Worldwide Corporation (NYSE: VAC), the leading global pure - play vacation ownership company, reported second quarter 2012 financial results and updated the company's full - year outlook for 2012 based upon continued positive trends in its key North America segment.

These results reflected lower cost of vacation ownership products sold as well as improvements in marketing and sales costs, partially offset by the decrease in revenue from lower contract sales.

As of June 20, 2014, the company had $ 197 million in available capacity under its revolving credit facility after taking into account outstanding letters of credit and had approximately $ 170 million of gross vacation ownership notes receivable eligible for securitization.

Excluding the impact of the extra week in 2013, total company contract sales increased $ 14 million, or 7 percent, driven by $ 18 million, or 10 percent, of higher vacation ownership contract sales in the company's North America segment, partially offset by $ 4 million of lower residential contract sales in the company's North America segment.

The company had $ 714 million in corporate level debt outstanding at quarter - end, a decline of $ 136 million from year - end 2011, including $ 608 million in non-recourse securitized notes payable and $ 103 million drawn on its $ 300 million warehouse credit facility, which was repaid subsequent to the end of the second quarter with proceeds from the company's securitization of $ 250 million of vacation ownership notes receivable.

Outlook For the full year 2012, the company is increasing its adjusted free cash flow guidance to reflect the favorable terms of the notes receivable securitization, the impact of lower financing propensity which results in a higher percentage of cash sales as compared to financed sales of vacation ownership products, as well as reduced real estate inventory needs.

Revenue from the sale of vacation ownership products increased $ 5 million to $ 122 million in the second quarter, driven mainly by the $ 13 million increase in contract sales, partially offset by $ 9 million of unfavorable year - over-year revenue reportability.