ILG, Inc. is an American

timeshare A timeshare (sometimes called vacation ownership) is a property with a divided form of ownership or use rights. These properties are typically resort condominium units, in which multiple parties hold rights to use the property, and each owne ...

company and a subsidiary of Marriott Vacations Worldwide. It was formerly a subsidiary of the corporation IAC. ILG is the parent company of Interval International, a provider of membership and leisure services to the vacation industry. ILG consists of two operating segments: membership and exchange. ILG's principal business segment offers travel and leisure related products and services to owners of vacation interests and others primarily through various membership programs, as well as related services to resort developer clients. As of December 31, 2012, nearly 2,800 resorts located in over 75 countries participated in Interval's primary exchange network. As of that date, the Membership and Exchange segment had approximately two million members enrolled in its various membership programs including approximately 1.8 million in the Interval Network. The biggest competitors for Interval are RCI, and Platinum Interchange. Interval is the second largest timeshare exchange company after RCI. Interval International was founded in 1976 in Miami. It was acquired by

CUC International CUC (Comp-U-Card) International Inc. was a membership-based consumer services conglomerate with travel, shopping, auto, dining, home improvement and financial services offered to more than 60 million customers worldwide based in Stamford, Connectic ...

in 1992. In 1996, CUC merged with HFS, who owned RCI. Because of antitrust concerns, Interval was sold to

Willis Stein & Partners Willis Stein & Partners is a private equity firm focused on leveraged buyout transactions for middle-market companies. The firm's most notable investments have included Ziff Davis, Roundy's, Jays Foods, Lincoln Snacks Company and Petersen Pub ...

. In 2002, USA Interactive (later renamed IAC), acquired Interval. Interval Leisure Group (later renamed ILG) was spun off of IAC in 2008 as a publicly-traded company. In April 2018, Marriott Vacations Worldwide announced that they would purchase Interval Leisure Group for $4.7 billion, which was completed later that year.

References

{{Liberty Interactive Companies based in Miami Timeshare chains Companies formerly listed on the Nasdaq Corporate spin-offs