Capital Vacations is acquiring VRI Americas (VRI) and Trading Places International (TPI) from Marriott Vacations Worldwide (MVW).

No, we believe there is significant value and recognition of the VRI and TPI brands and will be incorporating both into our brand architecture. Capital Vacations will take the place of MVW as the parent company.

Rich Muller will have a role on the Capital Vacations' Senior Leadership Team (SLT).

We have started a dedicated process to identify best practices across both teams and will implement those over time. We are excited to work together.

Yes. Rich and the Resort Operations team have begun contacting Board members. We will also facilitate additional communication in the coming days and weeks.

Please refer to provided talking points. All outside inquiries should be directed to Alli Beane, Capital Vacations' Director of Brand and Communications at abeane@capitalvacations.com.

Please refer to recent communication from Rich Muller directing employees to use their personal cards for business expenses in the interim. All approved expenses will be reimbursed by Capital Vacations.

All pay information is available through your Employee Self Service (ESS) Portal with My HR Professionals. Set up your ESS at www.myHRprofessionals.com/ESS, or download the free app on your smartphone.

There is no immediate impact on the current role, job function, or compensation of any employee. One of the reasons we were so interested in acquiring VRI Americas and TPI Exchange is because of the Team.

There are no changes to employee status or location.

Employees currently enrolled in MVW benefits will have no lapse in coverage and Medical, Dental, and Vision benefits will remain the same. For employees enrolled in additional benefit programs such as Life Insurance, 401K, etc., those benefits will be harmonized into Capital Vacations benefits plans. The Capital Vacations HR team will initiate contact with each affected employee directly or through their manager with enrollment information.

All accrued PTO balances will carry forward to Capital Vacations.

There is no impact on PTO approved by your manager prior to April 15, 2022. New requests should be submitted through Capital Vacations' Time & Attendance “SwipeClock” system for manager approval.

Starting Saturday, April 30, 2022, you will utilize Capital Vacations' Time & Attendance program “SwipeClock” which is similar to your current process. You will be able to clock in/out online through a web clock or manually on the physical, on-site Wall Clock. Supervisors will be provided credentials with elevated privileges to review and approve employee time off requests. The HR team will be scheduling zoom training sessions on several “how to do” topics for the new Time & Attendance Program.