Tag

Starwood vacation ownership Archives - Premier Timeshare Resale Blog

Marriott to Purchase Starwood Hotels

By | Timeshares in the News | No Comments

The travel industry is abuzz with the news today of a merger between two vacation titans and rivals. Marriott International is purchasing Starwood Hotels & Resorts Worldwide creating the largest hotel chain in the world.
Marriott brands include The Ritz Carlton, Courtyard, Residence Inn and Fairfield Inn and Suites, just to name a few. Swimming PoolMarriott currently has over 4,300 properties in 85 countries. Acquiring the 1,270 properties that Starwood manages in over 100 countries will increase Marriott’s worldwide presence. Starwood property brands include Sheraton, Westin, and St. Regis.
Already announced earlier this year, Starwood is moving forward with plans to separate their vacation ownership business into a separate entity known as Vistana Vacation LandscapeSignature Experiences, so their timeshare resorts will not be included as part of the deal with Marriott. At the end of October, plans were revealed for Interval Leisure Group to acquire Vistana, with the transaction expected to be completed in the second quarter of 2016. Interval Leisure Group operates Interval International and Trading Places International.

We will be watching for updates and further details for both of these Starwood sales. And we can’t help but think that this news is a good reminder that the only constant in life is change!

Starwood Vacation Ownership: New Branch Revealed

By | General Timeshare Information, Timeshares in the News | No Comments

seaside-resort-chairsAs we talked about in a previous blog, Starwood is making some changes to its structure and inventory. Adding new resorts and expanding their vacation ownership division were big announcements in March, and we’ve been eagerly awaiting more information about these exciting opportunities since.

Well, the wait is (somewhat) over. On Tuesday, Starwood gave us a tantalizing taste of their newest spinoff: Vistana Signature Experiences Inc., which is set to be completed by fourth-quarter 2015, said a news release.

VSE (an acronym of my own design) will be a publicly traded company.

“Today’s filing is a pivotal step toward the planned spin-off of our vacation ownership business, which will allow us to continue participating in the timeshare industry while seeking to create stockholder value for both companies,” said Adam Aron, Starwood’s interim CEO, in a prepared statement on Tuesday.

Summer-bathers-umbrellasThe Starwood spinoff will continue to develop and operate Starwood’s 22 timeshare resorts, including vacation destinations such as Hawaii, Orlando, Mexico and the Caribbean, as well as additional anticipated locations at Westin Los Cabos, Westin Cancun, Westin Puerto Vallarta, Sheraton Kauai, and Sheraton Steamboat-owned properties Starwood expects to transfer.

We plan to follow VSE and Starwood as these resort powerhouses continue to grow. This branch is, if anything, a testament to the growing industry that is vacation ownership.

Are you already on board? Or is it time for you to invest the most valuable thing of all, getaways and quality time?