MIAMI & CHICAGO--(BUSINESS WIRE)--Oct. 1, 2014--
Interval Leisure Group (“ILG”) (NASDAQ:IILG), a leading global provider
of non-traditional lodging across a broad spectrum of the vacation
industry, has completed the previously announced acquisition of Hyatt
Residential Group from affiliates of Hyatt Hotels Corporation (“Hyatt”)
(NYSE:H), a leading global hospitality company. The purchase price of
approximately $220 million includes Hyatt’s interest in a joint venture
that owns and is developing Hyatt Ka’anapali Beach, a 131-unit shared
ownership property in Maui. In connection with the acquisition, a
subsidiary of ILG has entered into a global Master License Agreement
with respect to the exclusive use of the Hyatt brand in shared ownership.
Under the terms of the global Master License Agreement, Hyatt will
receive annual license fees and the Hyatt Residence Club and 16 existing
shared ownership resorts will retain the Hyatt Residence Club brand. The
approximately 30,000 Hyatt Residence Club owners will continue to
receive all privileges currently associated with their memberships,
including Hyatt Gold Passport benefits.
About Interval Leisure Group
Interval Leisure Group (ILG) is a leading global provider of
non-traditional lodging, encompassing a portfolio of travel, leisure,
membership, exchange, resort management, and rental businesses. Interval
International and Trading Places International (TPI) offer
exchange and travel-related products to more than 2 million member
families worldwide. Under license from Hyatt, Hyatt Vacation Ownership
markets and manages shared ownership properties and operates Hyatt
Residence Club. Vacation Resorts International, VRI Europe, and TPI
offer timeshare resort, homeowners’ association, and club management
services, while Aston Hotels & Resorts and Aqua Hospitality provide
hotel and condominium rentals and resort management. Headquartered in
Miami, Florida, ILG has offices in 16 countries and nearly 6,000
employees. For more information, visit www.iilg.com.
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global
hospitality company with a proud heritage of making guests feel more
than welcome. Thousands of members of the Hyatt family strive to make a
difference in the lives of the guests they encounter every day by
providing authentic hospitality. The Company's subsidiaries manage,
franchise, license, own and develop hotels, resorts, branded residences
and vacation ownership properties under the Hyatt®, Park Hyatt®,
Andaz®, Grand Hyatt®, Hyatt Regency®, Hyatt Place®, Hyatt
House®, Hyatt Zilara™,
Hyatt Ziva
™, Hyatt Residences® and Hyatt
Residence Club® brand names and have
locations on six continents. As of June 30, 2014, the Company's
worldwide portfolio consisted of 563 properties in 48 countries. For
more information, please visit www.hyatt.com.

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Source: Interval Leisure Group and Hyatt Hotels Corporation
Interval Leisure Group
Investor Contact:
Jennifer
Klein, 305-925-7302
Investor Relations
Jennifer.Klein@iilg.com
or
Media
Contact:
Chris Boesch, 305-925-7267
Corporate
Communications
Chris.Boesch@iilg.com
or
Hyatt
Hotels Corporation
Investor Contact:
Atish Shah,
312-780-5427
Investor Relations
Atish.Shah@hyatt.com
or
Media
Contact:
Amy Patti, 312-780-5620
Corporate Communications
Amy.Patti@hyatt.com