Ultimate Resort And Private Escapes Sign $200 Million Merger Agreement And Create Industry’s Second Largest Destination Club

Merger is Largest in Industry’s History

Ultimate Resort®, the industry’s second largest destination club and Private Escapes®, the industry’s third largest destination club, announced today the signing of a definitive agreement to merge and create the industry’s fastest growing and second largest destination club by a large margin. Approximately 1,200 club members will have access to hundreds of exclusive club properties located in nearly 50 of the world’s best resort destinations in the US, Mexico, the Caribbean and Europe, as well as exclusive access to a select collection of over 60 luxury hotels in dozens of major cities in the US, Europe, Asia, Middle East, South America and Central America.

The combined company will operate three distinct destination clubs targeting the $1 million, $2 million and $3 million average home value club categories. The new combined club, led by the strongest and most seasoned management team in the industry, will account for more than 25 percent of the total market share and boast a global resort real estate portfolio with a fair market value of $200 million.

With the closing of this milestone agreement, the new combined company becomes: