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Starwood’s Timeshare Spinoff Is Delayed

Deanna Ting

Photo Credit: The Westin Lagunamar Ocean Resort in Cancun Mexico.  Starwood Hotels & Resorts

Skift Take

Just when we thought this would be a done deal ... Even so, it's business as usual, and as long as the Vistana spinoff closes before the Marriott one does, there shouldn't be any problems for Starwood.

Starwood Hotels & Resorts' planned spinoff of its timeshare business, Vistana Signature Experiences, to Miami-based Interval Leisure Group (ILG) has encountered a bit of a delay. Although ILG shareholders approved ILG's $1.5 billion acquisition of Vistana on April 20, both companies, on April 29, announced a delay in the planned closing, which was expected to take place on April 3

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