Revenue during the quarter surged 175.76 percent to $455 million from $165 million in the previous year period.

Cost of revenue surged 196.15 percent or $153 million during the quarter to $231 million. Gross margin for the quarter contracted 350 basis points over the previous year period to 49.23 percent.

Total expenses were $384 million for the quarter, up 170.42 percent or $242 million from year-ago period. Operating margin for the quarter expanded 167 basis points over the previous year period to 15.60 percent.

Operating income for the quarter was $71 million, compared with $23 million in the previous year period. However, the adjusted EBITDA for the quarter stood at $105 million compared with $41 million in the prior year period. At the same time, adjusted EBITDA margin contracted 177 basis points in the quarter to 23.08 percent from 24.85 percent in the last year period.

For financial year 2017, ILG projects revenue to be in the range of $1,730 million to $1,855 million. The company expects net income to be in the range of $137 million to $150 million.

Revenue from real estate activities during the quarter surged 177.78 percent or $224 million to $350 million.

Income from operating leases during the quarter surged 300 percent or $63 million to $84 million.

Revenue from other real estate activities during the quarter was $266 million, up 153.33 percent or $161 million from year-ago period.

Other income during the quarter was $20 million, up 1,900 percent or $19 million from year-ago period.

"We are very proud of our accomplishments in the year and enthusiastic about the future. In 2016 we completed the Vistana acquisition, positioning us at the forefront of a rapidly evolving industry by transforming our business and growth profile. In the year we delivered strong financial and operating results reflecting the contribution of Vistana and investment in the businesses. In addition, we returned a total of $153 million to shareholders through dividends and buybacks. The strength of our results and our expectations for the future enable us to announce that we are increasing our dividend by 25%", said Craig M. Nash, chairman, president, and chief executive officer of ILG. “As we begin 2017, we are well positioned to continue to deliver strong growth and shareholder value over the long term as we execute on our strategic plan."

The company has spent $189 million cash to meet investing activities during the year as against cash outgo of $21 million in the last year.

Cash flow from financing activities was $234 million for the year as against cash outgo of $103 million in the last year period.

Cash and cash equivalents stood at $126 million as on Dec. 31, 2016, up 35.48 percent or $33 million from $93 million on Dec. 31, 2015.

Real estate inventory surged 721.28 percent or $339 million to $386 million on Dec. 31, 2016. Net receivables were at $719 million as on Dec. 31, 2016, up 2,146.88 percent or $687 million from year-ago. Accounts payable surged 77.79 percent or $28 million to $64 million on Dec. 31, 2016.

Real estate investments stood at $59 million as on Dec. 31, 2016, up 55.26 percent or $21 million from year-ago.

Total assets jumped 158.33 percent or $2025 million to $3,304 million on Dec. 31, 2016. On the other hand, total liabilities were at $1,710 million as on Dec. 31, 2016, up 110.33 percent or $897 million from year-ago.

Return on assets moved down 47 basis points to 0.94 percent in the quarter. At the same time, return on equity moved down 88 basis points to 1.69 percent in the quarter.