NEWS BRIEFS

* Sunny deal: Interval Leisure Group acquired Aqua Hospitality and Aqua Hotels and Resorts through an ILG subsidiary, Vacation Holdings Hawaii. Aqua is a management company representing more than 20 properties in Hawaii and Guam. Terms of the transaction were not disclosed.

* Social growth: RCI expanded its social media monitoring service, the Timeshare Online Listening Center, by adding a second center in its office in Mexico. After its initial program success, there was demand for monitoring in Spanish and Portuguese in addition to English. 

* Hawaii opening: Hilton Grand Vacations welcomed its first guests to Hokulani Waikiki by Hilton Grand Vacations Club. The opening is the final component of the Waikiki Beach Walk development. 

Virtual Event

HOTEL OPTIMIZATION PART 2 | SEPTEMBER 10 & 24, 2020

Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.


* Finance news: Welk Resort Group closed a $158-million securitization backed by notes receivable from vacation ownership interests. Welk Resorts develops, builds and operates vacation ownership resorts; it has five properties open and two locations in development.

* Ski contract: Vail Resorts subsidiary RockResorts and developer JMA Ventures signed a management agreement for Constellation Residences at Northstar, a collection of ski-in/ski-out boutique residences located at Northstar California Resort and adjacent to The Ritz-Carlton, Lake Tahoe resort in Truckee, Calif. 

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