NEW YORK Cendant Corp. has acquired Holiday Cottages Group Ltd. (HCG), a UK holiday cottage rental brand. The transaction is expected to be immediately accretive to Cendants earnings per share. Terms were not disclosed.
HCG has relationships with over 9,000 independent property owners and 12,000 properties in the United Kingdom, France and Ireland. The owners contract annually with HCG on an exclusive basis to market their rental properties. HCG also provides boat rentals in the UK, the Netherlands and France. (1/17/01)