This web page was created programmatically, to learn the article in its unique location you possibly can go to the hyperlink bellow: https://investor.travelandleisureco.com/news-events/press-releases/detail/971/travel-leisure-co-adds-premier-resort-destinations-and-expands-owner-base-by-over-10-with-the-acquisitions-of-yes-vacations-and-spinnaker-resortsand if you wish to take away this text from our website please contact us [ad_1] Jul 15, 2026 8:30am EDT Travel + Leisure Co. acquires Yes& Vacations and Spinnaker Resorts for a mixed upfront buy value of $343 million Adds 23 resorts to Travel + Leisure Co.’s portfolio together with high-demand locations Maui and Hilton Head Expands Travel + Leisure Co.’s trip possession base by greater than 100,000 house owners Deals are anticipated to be instantly accretive to Adjusted EBITDA, Adjusted Diluted EPS and Adjusted Free Cash Flow ORLANDO, Fla.--(BUSINESS WIRE)-- Travel + Leisure Co. (NYSE: TNL), a number one leisure journey firm, immediately introduced the closing of the acquisition of Yes& Vacations and, individually, getting into right into a definitive settlement to accumulate Spinnaker Resorts, for a mixed upfront buy value of $343 million, topic to customary changes and contingent performance-based funds of as much as $10 million. The Spinnaker Resorts acquisition is anticipated to shut within the third quarter of 2026, topic to customary closing situations. The transactions are anticipated to be instantly accretive to Adjusted EBITDA, Adjusted Diluted EPS and Adjusted Free Cash Flow. The Company is funding the acquisitions by way of money and present debt capability and expects to finish the 12 months at a 3.2x leverage ratio, whereas sustaining share repurchases at comparable ranges to 2025. Together, the transactions add greater than 100,000 house owners and 23 resorts to Travel + Leisure Co.’s trip possession community, increasing its presence in two of leisure journey’s most sought-after locations, Maui and Hilton Head. Yes& Vacations added seven properties in Maui, and a flagship island-inspired resort on the Las Vegas Strip. Spinnaker Resorts will add six properties in Hilton Head, in addition to resorts in engaging drive-to leisure locations together with Ormond Beach, Branson, and Williamsburg. “Acquiring these companies strategically expands our presence in premier leisure destinations, adding quality inventory in markets where new development is challenging,” stated Michael D. Brown, President and CEO of Travel + Leisure Co. “Combined, these transactions significantly expand our resort and owner base, creating meaningful opportunities to generate incremental revenue across our vacation ownership ecosystem.” The upfront money buy value of $343 million is anticipated to be diminished by securitizing roughly $80 million of acquired client financing receivables, leading to internet capital deployed of roughly $263 million. On a full 12 months foundation, inclusive of recognized synergies, these acquisitions are anticipated to contribute roughly $50 million of Adjusted EBITDA. Additional particulars concerning the strategic advantages and monetary affect of those acquisitions will probably be mentioned throughout the upcoming earnings name on July 22, 2026. “These acquisitions reflect our approach to capital allocation – deploying capital where we believe it can generate attractive long-term returns while maintaining balance sheet flexibility and continuing our consistent approach to returning capital to shareholders,” added Erik Hoag, Chief Financial Officer at Travel + Leisure Co. “They are immediately accretive and create meaningful opportunities through owner monetization, receivables optimization and recurring management fee growth.” “We are proud of what our team has built and deeply grateful to the owners and associates who have been part of this journey,” stated Anthony Twist, CEO of Yes& Companies. “Joining Travel + Leisure Co. creates extraordinary opportunities for our people, our owners and our resorts. The company is a recognized leader in vacation ownership, shares our commitment to hospitality and has the scale and resources to carry Yes& Vacations into its next chapter.” PJT Partners served as unique monetary advisor to Travel + Leisure Co. in reference to the transactions. BofA Securities, Inc. served as unique monetary advisor to Yes& Companies and J.P. Morgan served as unique monetary advisor to Spinnaker Resorts. To study extra about Travel + Leisure Co., please go to travelandleisureco.com. Forward Looking Statements This press launch contains “forward-looking statements” as that time period is outlined by the Securities and Exchange Commission (“SEC”). Forward-looking statements are any statements aside from statements of historic reality, together with statements concerning our expectations, beliefs, hopes, intentions or methods concerning the results of the strategic transactions and shutting of the Spinnaker Resorts transaction mentioned on this press launch and the longer term. In some instances, forward-looking statements will be recognized by means of phrases resembling “will,” “intends,” or “expects,” or different phrases of comparable which means. Forward-looking statements are topic to dangers and uncertainties that might trigger precise outcomes of Travel + Leisure Co. and its subsidiaries (“Travel + Leisure Co.” or “we”) to vary materially from these mentioned in, or implied by, the forward-looking statements. Factors that may trigger such a distinction embody, however should not restricted to, dangers related to: the longer term prospects and plans for Travel + Leisure Co., together with our capacity to compete within the extremely aggressive timeshare and leisure journey industries; the well being of the journey trade and declines or disruptions attributable to antagonistic financial situations (together with inflation, current tariff and different commerce restrictions, greater rates of interest, recessionary pressures, and any potential antagonistic financial impacts ensuing from the U.S. federal authorities shutdown), journey restrictions, terrorism or acts of gun violence, political strife, struggle (together with hostilities in Ukraine and the Middle East), pandemics, and extreme climate occasions and different pure disasters; antagonistic modifications in client journey and trip patterns, client preferences and demand for our merchandise; elevated or unanticipated working prices and different inherent enterprise dangers; our capacity to adjust to monetary and restrictive covenants underneath our indebtedness; our capacity to entry capital and insurance coverage markets on cheap phrases, at an affordable value or in any respect; sustaining the integrity of inside or buyer knowledge and defending our techniques from cyber-attacks; and people different elements disclosed as dangers underneath “Risk Factors” in paperwork now we have filed with the SEC, together with in Part I, Item 1A of our Annual Report on Form 10-Ok for the fiscal 12 months ended December 31, 2025, filed with the SEC on February 18, 2026. We warning readers that any such statements are based mostly on at the moment out there operational, monetary and aggressive info, and they need to not place undue reliance on these forward-looking statements, which mirror administration’s opinion solely as of the date on which they had been made. Except as required by regulation, we undertake no obligation to assessment or replace these forward-looking statements to mirror occasions or circumstances as they happen. Certain Financial Measures The Company calculates its leverage ratio as its internet debt (complete debt excellent, much less non-recourse trip possession debt and money and money equivalents) divided by Adjusted EBITDA as outlined in its credit score settlement. Adjusted Diluted Earnings Per Share (EPS), Adjusted Free Cash Flow, EBITDA and Adjusted EBITDA are non-GAAP monetary measures. EBITDA is outlined by the Company as internet revenue from persevering with operations earlier than depreciation and amortization, curiosity expense (excluding client financing curiosity), early extinguishment of debt, curiosity revenue (excluding client financing revenues) and revenue taxes, every of which is introduced on the condensed consolidated statements of revenue. Adjusted EBITDA additionally excludes stock-based compensation prices, separation and restructuring prices, legacy objects, transaction and integration prices related to mergers, acquisitions, and divestitures, asset impairments/recoveries and stock write-downs related to the Company’s resort optimization initiative, features and losses on sale/disposition of enterprise, and objects that meet the situations of bizarre and/or rare. Legacy objects embody the decision of and changes to sure contingent property and liabilities associated to acquisitions of constant companies and tendencies, together with the separation of Wyndham Hotels & Resorts, Inc. and Avis Budget Group, Inc. (ABG), and the sale of the holiday leases companies. Integration prices characterize sure non-recurring prices instantly incurred to combine mergers and/or acquisitions into the present enterprise. We imagine that when thought-about with GAAP measures, Adjusted EBITDA is helpful to help our buyers in evaluating our ongoing working efficiency for the present reporting interval and, the place supplied, over totally different reporting durations. We additionally internally use this measure to evaluate our working efficiency, each completely and compared to different firms, and in evaluating or making chosen compensation choices. Adjusted EBITDA shouldn't be thought-about in isolation or as an alternative choice to internet revenue/(loss) or different revenue assertion knowledge ready in accordance with GAAP and our presentation of Adjusted EBITDA is probably not corresponding to similarly-titled measures utilized by different firms. Adjusted Free Cash Flow is outlined by the Company as internet money supplied by working actions from persevering with operations much less property and gear additions (capital expenditures) plus the sum of proceeds and principal funds of non-recourse trip possession debt, whereas additionally including again money paid for transaction prices for acquisitions and divestitures, separation changes related to the spin-off of Wyndham Hotels, and sure changes associated to COVID-19. TNL believes adjusted FCF to be a helpful working efficiency measure to judge the power of its operations to generate money for makes use of aside from capital expenditures and, after debt service and different obligations, its capacity to develop its enterprise by way of acquisitions and fairness investments, in addition to its capacity to return money to shareholders by way of dividends and share repurchases. A limitation of utilizing Adjusted free money circulate versus the GAAP measure of internet money supplied by working actions as a method for evaluating TNL is that Adjusted free money circulate doesn't characterize the overall money motion for the interval as detailed within the consolidated assertion of money flows. Adjusted Diluted EPS is outlined by the Company as Adjusted internet revenue divided by the diluted weighted common variety of widespread shares. Adjusted Diluted EPS is helpful to help our buyers in evaluating our ongoing working efficiency for the present reporting interval and, the place supplied, over totally different reporting durations. About Travel + Leisure Co. Travel + Leisure Co. (NYSE: TNL) is a number one leisure journey firm, offering greater than six million holidays to vacationers around the globe yearly. The firm operates a various portfolio of trip possession, journey membership, and life-style journey manufacturers designed to fulfill the wants of the fashionable leisure traveler, whether or not they’re traversing the globe or having fun with locations nearer to residence. This contains experiential manufacturers resembling Sports Illustrated Resorts, Eddie Bauer Adventure Club, Margaritaville Vacation Club, and Accor Vacation Club, in addition to cornerstone manufacturers, Club Wyndham, WorldMark, and RCI. With hospitality and accountable tourism at its coronary heart, the corporate’s greater than 19,000 devoted associates worldwide assist fulfill its mission to place the world on trip. Learn extra at travelandleisureco.com. About Yes& Companies Yes& Companies is an working and funding platform with a protracted historical past of founding, buying, scaling and monetizing companies throughout a number of industries. Rooted in hospitality, the corporate applies many years of entrepreneurial and operational expertise to create, purchase and develop companies, develop scalable platforms and create long-term enterprise worth. Through its trip possession platform, Yes& Vacations, the corporate has developed, owned and managed premier resort communities in a few of the world’s most sought-after leisure locations. Today, Yes& Companies continues to personal, function and spend money on companies by way of disciplined execution, considerate capital allocation and a long-term strategy to worth creation. Learn extra at www.yesandco.com or contact The Ferraro Group – Holly@theferrarogroup.com. About Spinnaker Resorts Spinnaker operates 11 resorts, every providing a distinct expertise and the native taste of the distinctive places. From the low-key coastal paradise of Hilton Head Island, South Carolina, to the sunny shores of Ormond Beach, Florida to the neon/pure draw of the Ozarks in Branson, Missouri and the historic playground of Williamsburg, Virginia – Spinnaker has developed resorts you’ll like to return to 12 months after 12 months. Our each day aim is to be sure to have the absolute best trip expertise. Learn extra at spinnakerresorts.com. View supply model on businesswire.com: Investors: Investor Relations IR@travelandleisure.com Media Contact: Public Relations Media@travelandleisure.com Source: Travel + Leisure Co. Released Jul 15, 2026 [ad_2] This web page was created programmatically, to learn the article in its unique location you possibly can go to the hyperlink bellow: https://investor.travelandleisureco.com/news-events/press-releases/detail/971/travel-leisure-co-adds-premier-resort-destinations-and-expands-owner-base-by-over-10-with-the-acquisitions-of-yes-vacations-and-spinnaker-resortsand if you wish to take away this text from our website please contact us