Starwood’s Timeshare Spinoff Is Approved by Interval Shareholders
Photo Credit: The Westin Kaanapali Ocean Resort Villas. Starwood Vacation Network
Skift Take
Unlike Starwood's deal with Marriott, which definitely had its share of ups and downs, its timeshare spin-off to Interval Leisure Group went pretty smoothly by comparison.
Starwood Hotels and Resorts' spinoff of its timeshare business, Vistana Signature Experiences, is nearly complete.
Today, shareholders from Miami-based Interval Leisure Group (ILG), to whom Starwood is selling Vistana, approved the $1.5 billion acquisition by 95 percent of votes cast, representing 92 percent o
