This was a good tip. I have a similar situation, where I have a point feature class that I want to create a multi-point from.
I performed a Dissolve with the "create multiparts" box checked.
From there I selected the dissolved point feature and using advanced editing tools "Exploded" the points.
From there I selected the desired points and "Merged" them.
The problem here is you won't be able to maintain your original tabular data (though this could possibly be remedied by a spatial join)
Thanks for the tip Sobetzer