Exclusive Insight- Unveiling the Pioneers Who Acquired Vacation Village Resorts
Who bought Vacation Village Resorts? This question has sparked curiosity among vacationers and investors alike. Vacation Village Resorts, a well-known timeshare company, has seen several ownership changes over the years. This article delves into the history of the company and explores the key players who have acquired it.>
Vacation Village Resorts, established in 1976, has grown to become one of the largest timeshare companies in the world. Over the years, the company has expanded its portfolio, adding numerous resorts in popular vacation destinations such as Orlando, Florida, and Myrtle Beach, South Carolina. The company’s success has attracted various investors, leading to multiple ownership changes.
The first major acquisition of Vacation Village Resorts occurred in 1996 when Sun International, a South African-based leisure company, purchased the company. Sun International aimed to expand its presence in the timeshare industry and leverage Vacation Village Resorts’ extensive network of resorts. However, the partnership was short-lived, as Sun International sold the company to a group of private investors in 2000.
The private investors, led by an affiliate of Sun Capital Partners, Inc., acquired Vacation Village Resorts for $335 million. Under their leadership, the company continued to grow and enhance its offerings. Sun Capital Partners, Inc., a private equity firm, has a history of investing in the leisure and hospitality industry, making them a strategic choice for Vacation Village Resorts.
In 2014, Vacation Village Resorts was acquired by a consortium of investors, including Apollo Global Management, LLC, and Oaktree Capital Management, L.P. This acquisition marked another significant milestone for the company, as it received a substantial capital injection to expand its operations and improve its resorts. Apollo Global Management and Oaktree Capital Management are well-known private equity firms with extensive experience in the real estate and leisure sectors.
In 2019, Vacation Village Resorts once again changed hands. The company was acquired by a consortium led by Apollo Global Management, which included a strategic investment from Starwood Capital Group. Starwood Capital Group is a global real estate investment firm that has a strong presence in the hospitality industry. This acquisition allowed Vacation Village Resorts to benefit from Starwood Capital Group’s expertise in the sector and further enhance its portfolio.
Throughout its history, Vacation Village Resorts has been acquired by various investors, each bringing their unique perspective and resources to the table. From Sun International to Apollo Global Management and Starwood Capital Group, these investors have contributed to the company’s growth and success. The question of who bought Vacation Village Resorts is not just about the companies involved; it’s a testament to the company’s resilience and adaptability in the face of changing market conditions and investor preferences.
In conclusion, Vacation Village Resorts has seen several ownership changes since its inception in 1976. The key players who have acquired the company include Sun International, a group of private investors, Apollo Global Management, and Oaktree Capital Management, and more recently, Starwood Capital Group. These investors have played a crucial role in shaping the company’s growth and ensuring its continued success in the timeshare industry.
