VACATION OWNERSHIP BUSINESS TRANSACTION
In October 2015, Interval Leisure Group (ILG) and Starwood Hotels and Resorts Worldwide announced that the Boards of Directors of both companies unanimously approved an agreement for a Reverse Morris Trust transaction. Under the agreement, a wholly owned subsidiary of ILG will acquire and then merge with and into Vistana Signature Experiences.
MORE ON VACATION OWNERSHIP
Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with nearly 1,300 properties in some 100 countries and approximately 188,000 employees at its owned and managed properties. Starwood is a fully integrated owner, operator and franchisor of hotels, resorts and residences under the renowned brands: St. Regis®, The Luxury Collection®, W®, Westin®, Le Méridien®, Sheraton®, Tribute Portfolio™, Four Points® by Sheraton, Aloft®, Element®, along with an expanded partnership with Design Hotels™. The Company also boasts one of the industry’s leading loyalty programs, Starwood Preferred Guest (SPG®). Visit www.starwoodhotels.com for more information and stay connected @starwoodbuzz on Twitter and Instagram and facebook.com/Starwood.
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