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Interval Leisure Group 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.”
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
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