Starwood’s Timeshare Spinoff Is Complete
Photo Credit: The Westin Princeville Ocean Resort Villas in Kauai, Hawaii. Vistana Signature Experiences
Skift Take
One major hurdle in Starwood's sale is overcome, but the company still has to see if it can complete its deal with Marriott by mid-year.
Starwood has completed the sale of its timeshare business, Vistana Signature Experiences, to Interval Leisure Group (ILG), following a brief delay.
The deal to sell Vistana to ILG was struck in October 2015, prior to Starwood's deal with Marriott, and was expected to close on April 30. It was delayed briefly due to a tax withholding issue.
Under the agreement, a wholly owned subsidiary of ILG acquired and then merged with and into Vistana Signature Experiences. Starwood st
