Travel + Leisure Co. Acquiring Two Resort Companies for $343 Million
Travel + Leisure Co. Expands Horizons with Major $343 Million Resort Acquisition
In a bold move to broaden its reach in the luxury vacation market, Travel + Leisure Co. is set to acquire Yes& Vacations and Spinnaker Resorts for a combined $343 million.
The Breaking Point
This strategic acquisition adds premium locations to Travel + Leisure's resort portfolio, encompassing seven properties in Maui and a prominent resort on the Las Vegas Strip from Yes& Vacations, along with six properties in Hilton Head from Spinnaker Resorts.
Beneath the Surface
With these acquisitions, Travel + Leisure is not just expanding its property list but also evolving from a media-centric brand to a comprehensive vacation ownership entity. The move is seen as a strategic play to enhance their offerings in sought-after leisure destinations where new developments are tough to initiate.
The Ripple Effect
The acquisition signifies important growth, boosting the company鈥檚 ability to generate incremental revenue and enhance its footprint in the vacation ownership market, creating exciting prospects for owners and staff associated with Yes& and Spinnaker Resorts.
"Joining Travel + Leisure Co. creates extraordinary opportunities for our people, our owners, and our resorts," stated Anthony Twist, CEO of Yes& Companies.
Anthony Twist
