Wyndham Worldwide has announced that an agreement is now in place with vacation group Beneficium for RCI to acquire DAE Global Pty Ltd. which operates the third party exchange service Dial An Exchange. The deal is subject to customary conditions precedent, including receipt of applicable regulatory approval. DAE's offices in Australia, New Zealand, US and Egypt will become part of RCI upon completion of the acquisition. The addition of DAE will complement RCI's existing business, broaden its appeal to a new base of travelers and strengthen its position as a leader within the global timeshare exchange sector.
According to Collier County property records, Marriott Vacations Worldwide has been adding to its current ownership portfolio at the Crystal Shores resort on Marco Island. During May, it appears that the timeshare developer spent more than $33 million dollars to acquire thirty-eight units in the condo regime. This continues the effort to obtain and consolidate ownership rights at the resort. Marriott has been actively purchasing interests either through direct buys or via foreclosure sales. Marriott's initial purchase into the resort was $58 million, so all the new acquisitions come close to doubling the timeshare developers ownership in the property.