Earlier this year on thestreet.com they said this about Starwood: “Starwood Hotels & Resorts is poised to surpass its 5% gains this year, analysts say, benefiting from the spinoff of its time-share business and speculation it may acquire a competitor or be bought out.”
Today, at a value of about 1 – 1.5 billion dollars, Interval Leisure is negotiating to buy Starwood Hotels and Resorts Worldwide’s timeshare resort operations. Starwood’s big names include Sheraton, Westin, and others. At this moment more then 230 properties are managed by Interval Leisure and this addition would add 22 more.
This plan would take the place of Starwood Hotels and Resorts Worldwide’s plan to spin off their timeshare division as Marriott did with their timeshares a few years ago. The Starwood group of timeshares include Sheraton’s Vistana Orlando, Sheratons Desert Oasis, Westin Mission Hills Resort Villas, Sheraton’s Mountain Vista, Buganvilias Resort, Sheraton Broadway Plantation, Lakeside Terrace@Vail Valley, Sheraton’s PGA Vacation Resort, Westin Princeville Ocean Resort Villas, and Westin Kaanapali Ocean Resort Villas and others.
Starwood’s total revenue last year was $5.98 billion. Of that, timeshares accounted for less than $1 billion.
About Interval Leisure Group:
Interval Leisure Group (ILG) is a leading global provider of non-traditional lodging, encompassing a portfolio of leisure businesses from exchange and vacation rental to vacation ownership. In its exchange and rental segment, Interval International and Trading Places International (TPI) offer vacation exchange and travel-related products to more than 2 million member families worldwide, while Hyatt Residence Club provides exchanges among its branded resorts in addition to its participation in the Interval Network. (source)