Item 8.    Financial Statements and Supplementary DataExhibit 99.1

ILG, INC. AND SUBSIDIARIES

CONSOLIDATED FINANCIAL STATEMENTS

Table of Contents

	PAGE
Audited Consolidated Financial Statements: Report of Independent Registered Public Accounting Firm	2
Consolidated Statements of Income for the years ended December 31, 2017, 2016 and 2015	3
Consolidated Statements of Comprehensive Income for the years ended December 31, 2017, 2016 and 2015	4
Consolidated Balance Sheets as of December 31, 2017 and 2016	5
Consolidated Statements of Stockholders' Equity for the years ended December 31, 2017, 2016 and 2015	6
Consolidated Statements of Cash Flows for the years ended December 31, 2017, 2016 and 2015	7
Notes to Consolidated Financial Statements	8
Schedule II—Valuation and Qualifying Accounts	66

Report of Independent Registered Public Accounting Firm

To the Stockholders and the Board of Directors of ILG, Inc. and subsidiaries

Opinion on the Financial Statements

We have audited the accompanying consolidated balance sheets ofILG, Inc. and subsidiaries (the Company) as of December 31, 2017 and 2016, the related consolidated statements of income, comprehensive income,equity and cash flows for each of the three years in the period ended December 31, 2017, and the related notes and financial statement schedule of valuation and qualifying accounts (collectively referred to as the “consolidated financial statements”). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company at December 31, 2017 and 2016, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2017, in conformity with U.S. generally accepted accounting principles.

We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the Company's internal control over financial reporting as of December 31, 2017, based on criteria established in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (2013 framework) and our report dated February 28, 2018 expressed an unqualified opinion thereon.

Adoption of New Accounting Standard

As discussed in Note 2 to the consolidated financial statements, the Company changed its method for accounting for revenue as a result of the retrospective adoption of Accounting Standards Update No. 2014-09 – “Revenue from Contracts with Customers (Topic 606)”. 

Basis for Opinion

These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company’s financial statements based on our audits. We are a public accounting firm registered with the PCAOB and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/ Ernst & Young LLP

Certified Public Accountants

We have served as the Company’s auditor since 2008.

Miami, Florida

February 28, 2018

except for the retrospective changes for revenue described in Note 2

and the subsequent events described in Note 27,

as to which the date is June 5, 2018

2

ILG, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

(In millions, except share and per share data)

	Year Ended December 31,
	2017		2016		2015
Revenues:
Service and membership related	$	506	$	457	$	425
Sales of vacation ownership products, net		464		313		27
Rental and ancillary services		386		265		91
Consumer financing		89		57		5
Cost reimbursements		326		265		151
Total revenues		1,771		1,357		699
Operating costs and expenses:
Cost of service and membership related sales		165		125		106
Cost of vacation ownership product sales		90		101		20
Cost of sales of rental and ancillary services		295		183		40
Cost of consumer financing		29		13		—
Cost reimbursements		326		265		151
Royalty fee expense		43		28		3
Selling and marketing expense		293		189		67
General and administrative expense		225		198		150
Amortization expense of intangibles		20		19		14
Depreciation expense		60		43		18
Total operating costs and expenses		1,546		1,164		569
Operating income		225		193		130
Other income (expense):
Interest income		1		1		1
Interest expense		(26)		(23)		(21)
Gain on bargain purchase		2		163		—
Other income (expense), net		(3)		(7)		3
Equity in earnings from unconsolidated entities		4		5		4
Total other income (expense), net		(22)		139		(13)
Earnings before income taxes and noncontrolling interests		203		332		117
Income tax provision		(26)		(60)		(41)
Net income		177		272		76
Net income attributable to noncontrolling interests		(3)		(2)		(2)
Net income attributable to common stockholders	$	174	$	270	$	74
Earnings per share attributable to common stockholders:
Basic	$	1.40	$	2.67	$	1.28
Diluted	$	1.38	$	2.65	$	1.27
Weighted average number of shares of common stock outstanding (in 000's):
Basic		124,032		100,868		57,400
Diluted		125,833		101,732		57,989
Dividends declared per share of common stock	$	0.60	$	0.48	$	0.48

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.

3

ILG, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(In millions)

	Year Ended December 31,
	2017		2016		2015
Net income	$	177	$	272	$	76
Other comprehensive income, net of tax:
Foreign currency translation adjustments, net of tax		22		(29)		(11)
Total comprehensive income, net of tax		199		243		65
Less: Net income attributable to noncontrolling interests		(3)		(2)		(2)
Less: Other comprehensive loss (income) attributable to noncontrolling interests		(3)		6		2
Total comprehensive loss (income) attributable to noncontrolling interests		(6)		4		—
Comprehensive income attributable to common stockholders	$	193	$	247	$	65

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.

4

ILG, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(In millions, except share and per share data)

	December 31,
	2017		2016
ASSETS
Cash and cash equivalents	$	122	$	126
Restricted cash and cash equivalents (including $19 and $32 in variable interest entities, "VIEs," respectively)		227		114
Accounts receivable, net of allowance for doubtful accounts of $13 and $0.4, respectively		121		97
Vacation ownership mortgages receivable, net of allowance of $4 and $1, respectively (including a net $61 and $59 in VIEs, respectively)		79		88
Vacation ownership inventory		496		195
Prepaid income taxes		58		47
Prepaid expenses		64		49
Other current assets (including $4 and $3 of interest receivables in VIEs, respectively)		33		30
Total current assets		1,200		746
Restricted cash and cash equivalents (including $1 and $2 in variable interest entities, "VIEs," respectively)		3		4
Vacation ownership mortgages receivable, net of allowance of $51 and $21, respectively (including a net $498 and $370 in VIEs, respectively)		658		642
Vacation ownership inventory		60		189
Investments in unconsolidated entities		55		59
Property and equipment, net		616		580
Goodwill		564		558
Intangible assets, net		440		453
Deferred income taxes		—		9
Other non-current assets		91		74
TOTAL ASSETS	$	3,687	$	3,314
LIABILITIES AND EQUITY
LIABILITIES:
Accounts payable, trade	$	46	$	64
Current portion of securitized debt from VIEs		146		111
Deferred revenue		162		87
Accrued compensation and benefits		72		70
Accrued expenses and other current liabilities (including a net $1 of interest payables in VIEs)		215		186
Total current liabilities		641		518
Long-term debt		562		580
Securitized debt from VIEs		429		319
Income taxes payable, non-current		11		5
Other long-term liabilities		118		47
Deferred revenue		76		79
Deferred income taxes		133		165
Total liabilities		1,970		1,713
Redeemable noncontrolling interest		1		1
Commitments and contingencies
EQUITY:
Preferred stock—authorized 25,000,000 shares, of which 100,000 shares are designated Series A Junior Participating Preferred Stock; $0.01 par value; none issued and outstanding		—		—
Common stock—authorized 300,000,000 shares; $0.01 par value; issued 134,053,132 and 133,545,864 shares, respectively		1		1
Treasury stock— 9,987,627 and 8,878,489 shares at cost, respectively		(164)		(136)
Additional paid-in capital		1,278		1,262
Retained earnings		597		499
Accumulated other comprehensive loss		(33)		(52)
Total ILG stockholders’ equity		1,679		1,574
Noncontrolling interests		37		26
Total equity		1,716		1,600
TOTAL LIABILITIES AND EQUITY	$	3,687	$	3,314

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.

5

ILG, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF EQUITY

(In millions, except share data)

																	Accumulated
					Total ILG								Additional				Other
	Total		Noncontrolling		Stockholders’		Common Stock			Treasury Stock			Paid-in		Retained		Comprehensive
	Equity		Interests		Equity		Amount		Shares	Amount		Shares	Capital		Earnings		Loss
Balance as of December 31, 2014	$	421	$	36	$	385	$	1	59,463,200	$	(35)	2,363,324	$	202	$	237	$	(20)
Net income		76		2		74		—	—		—	—		—		74		—
Other comprehensive loss, net of tax		(11)		(2)		(9)		—	—		—	—		—		—		(9)
Non-cash compensation expense		13		—		13		—	—		—	—		13		—		—
Dividends paid to noncontrolling interest		(3)		(3)		—		—	—		—	—		—		—		—
Issuance of common stock upon exercise of stock options		—		—		—		—	11,084		—	—		—		—		—
Issuance of common stock upon vesting of restricted stock units, net of withholding taxes		(4)		—		(4)		—	379,649		—	—		(4)		—		—
Change in excess tax benefits from stock-based awards		2		—		2		—	—		—	—		2		—		—
Cash dividends declared		(27)		—		(27)		—	—		—	—		1		(28)		—
Balance as of December 31, 2015	$	467	$	33	$	434	$	1	59,853,933	$	(35)	2,363,324	$	214	$	283	$	(29)
Net income		272		2		270		—	—		—	—		—		270		—
Other comprehensive loss, net of tax		(29)		(6)		(23)		—	—		—	—		—		—		(23)
Non-cash compensation expense		18		—		18		—	—		—	—		18		—		—
Acquisition of partnership interest of noncontrolling interests		(1)		(1)		—		—	—		—	—		—		—		—
Dividends paid to noncontrolling interest		(2)		(2)		—		—	—		—	—		—		—		—
Issuance of common stock upon vesting of RSUs, net of withholding taxes		(1)		—		(1)		—	638,159		—	—		(1)		—		—
Issuance of restricted stock for converted shares in connection with the acquisition of Vistana		—		—		—		—	668,081		—	—		—		—		—
Fair value of restricted stock awards attributable to precombination services converted in connection with the Vistana acquisition		2		—		2		—	—		—	—		2		—		—
Issuance of common stock in connection with the Vistana acquisition		1,029		—		1,029		—	72,371,969		—	—		1,029		—		—
Change in excess tax benefits from stock-based awards		(2)		—		(2)		—	—		—	—		(2)		—		—
Dividends declared on common stock		(52)		—		(52)		—	13,722		—	—		2		(54)		—
Treasury stock purchases		(101)		—		(101)		—	—		(101)	6,515,165		—		—		—
Balance as of December 31, 2016	$	1,600	$	26	$	1,574	$	1	133,545,864	$	(136)	8,878,489	$	1,262	$	499	$	(52)
Net income		177		3		174		—	—		—	—		—		174		—
Other comprehensive income, net of tax		22		3		19		—	—		—	—		—		—		19
Non-cash compensation expense		22		—		22		—	—		—	—		22		—		—
Noncontrolling interest of consolidated HOAs		8		8		—		—	—		—	—		—		—		—
Dividends paid to noncontrolling interest		(3)		(3)		—		—	—		—	—		—		—		—
Cancellation of restricted stock for converted shares		—		—		—		—	(36,813)		—	—		—		—		—
Issuance of common stock upon vesting of RSUs, net of withholding taxes		(7)		—		(7)		—	537,573		—	—		(7)		—		—
Deferred stock compensation expense		(1)		—		(1)		—	—		—	—		(1)		—		—
Dividends declared on common stock		(74)		—		(74)		—	6,508		—	—		2		(76)		—
Treasury stock purchases		(28)		—		(28)		—	—		(28)	1,109,138		—		—		—
Balance as of December 31, 2017	$	1,716	$	37	$	1,679	$	1	134,053,132	$	(164)	9,987,627	$	1,278	$	597	$	(33)

The accompanying Notes to Consolidated Financial Statements are an integral part of this statement.

6

ILG, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In millions)

	Year Ended December 31,
	2017		2016		2015
Cash flows from operating activities:
Net income	$	177	$	272	$	76
Adjustments to reconcile net income to net cash and restricted cash provided by operating activities:
Amortization expense of intangibles		20		19		14
Depreciation expense		60		43		18
Bad debt expense		4		1		—
Allowance for losses on originated loans		35		20		2
Allowance for impairment on acquired loans		5		—		—
Impairment on vacation ownership inventory		5		—		—
Loss on disposal of investment in subsidiary		5		—		—
Accretion of mortgages receivable		5		2		—
Non-cash compensation expense		22		18		13
Deferred income taxes		(24)		11		3
Equity in earnings from unconsolidated entities		(4)		(5)		(4)
Return on investments in unconsolidated entities		5		2		—
Gain on bargain purchase of Vistana acquisition		(2)		(163)		—
Changes in operating assets and liabilities:
Accounts receivable		(8)		(11)		(3)
Vacation ownership mortgages receivable (originations)		(345)		(203)		1
Vacation ownership mortgages receivable collections		279		167		—
Vacation ownership inventory (additions)		(231)		(180)		7
Vacation ownership inventory disposals		81		86		—
Prepaid expenses and other current assets		(26)		3		3
Prepaid income taxes and income taxes payable		(4)		(43)		10
Accounts payable and other current liabilities		12		32		2
Other long term liabilities		53		4		—
Deferred income		72		(66)		(8)
Other, net		9		(1)		6
Net cash and restricted cash provided by operating activities		205		8		140
Cash flows from investing activities:
Capital expenditures		(119)		(95)		(20)
Acquisitions, net of cash acquired		—		(22)		—
Investments in unconsolidated entities		—		(5)		—
Other, net		4		(5)		(1)
Net cash used in investing activities		(115)		(127)		(21)
Cash flows from financing activities:
Proceeds from issuance of senior notes		—		—		350
Borrowings (payments) on revolving credit facility, net		(20)		165		(413)
Payments of debt issuance costs		(3)		(7)		(7)
Proceeds from securitized debt		325		375		—
Payments on securitized debt		(178)		(93)		—
Purchases of treasury stock		(28)		(101)		—
Dividend payments to stockholders		(74)		(52)