Travel + Leisure is acquiring two vacation ownership companies for $343 million, adding 23 resorts including properties on Maui and securing inventory in what the company calls a hard-to-build market. The deals add over 100,000 existing timeshare owners to its portfolio.
- Travel + Leisure is paying $343 million upfront (roughly $263 million net) to acquire Yes& Vacations and Spinnaker Resorts, bringing its total resort count to over 280.
- Maui is specifically cited as a supply-constrained, hard-to-build market, making the acquired inventory strategically valuable to the company.
- The 100,000 existing timeshare owners gained in the deals are considered a key asset, as they retain at a 97% rate and drive the majority of timeshare sales.
- The Spinnaker Resorts deal is expected to close in Q3 2025, with both acquisitions projected to generate roughly $50 million in annual adjusted EBITDA after synergies.
- The move signals continued institutional confidence in Maui’s vacation ownership market despite softer first-time buyer conversion trends industrywide.
Source: Skift
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