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Article: Sale of Interval International Charts New Course for Future of Vacation-Ownership Industry
- Article from:
- PR Newswire
- Article date:
- December 17, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Top Name Partners Offer Industry Unparalleled Service Opportunities
MIAMI, Dec. 17 /PRNewswire/ -- Interval International has been acquired by an investment group formed by Willis Stein & Partners L.P., a Chicago-based investment partnership, and a consortium comprised of leading international hospitality and travel companies, announced Craig M. Nash, Interval's president and CEO. This is the first business venture within the timeshare industry to combine global hospitality and travel resources through a business-management group.
The new entity includes an Interval management group led by Nash. Willis Stein will remain the largest investor and ...